When is the royalty fee due for an Itan franchise?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.2. Royalty Fee. On the day of each week we specify (the "royalty fee due date") you must pay us a royalty fee equal to 6.5% of Gross Sales generated during the immediately preceding reporting period. The current reporting period runs from the opening of business on Monday through the close of business on Sunday. The current royalty fee due date is the Wednesday immediately following the end of the prior reporting period. We may periodically change the reporting period and/or royalty fee due date through updates to the Manual.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the royalty fee is due weekly. Specifically, Itan franchisees must pay a royalty fee on the day of each week that Itan specifies as the "royalty fee due date." The royalty fee is equal to 6.5% of gross sales generated during the immediately preceding reporting period.
The reporting period for calculating gross sales runs from the opening of business on Monday through the close of business on Sunday. The current royalty fee due date is the Wednesday immediately following the end of the prior reporting period.
Itan retains the right to periodically change the reporting period and/or royalty fee due date through updates to the Manual. Franchisees should stay informed of any changes to these dates to avoid late payment penalties.