What professional fees are included in the estimated professional fees for an Itan franchise?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Professional Fees: This includes the estimated fees for professionals you may choose to hire in order to:
- assist you in reviewing this Disclosure Document and negotiating your Franchise Agreement
- advise you regarding local laws and regulations applicable to your Salon
- form a business entity
- set up your books, records and accounts
- develop a business plan and budget for the development and operation of your Salon
These services are optional but highly recommended.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–18)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the estimated professional fees cover a range of services that a franchisee may choose to hire. These include assistance in reviewing the Disclosure Document and negotiating the Franchise Agreement. Itan also suggests that franchisees seek advice regarding local laws and regulations applicable to their Salon.
Additionally, the professional fees cover forming a business entity, setting up books, records, and accounts, and developing a business plan and budget for the development and operation of the Salon. Itan emphasizes that these services are optional but highly recommended for prospective franchisees.
The estimated cost for these professional fees ranges from $1,500 to $3,000, payable as a lump sum before opening the Itan franchise. These fees are paid to professionals such as lawyers and accountants.