What was the total number of Itan franchise locations at the beginning of the year 2024?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Franchise locations, beginning of year | 29 | 31 |
| Opened franchise locations | ( | - |
| Closed franchise locations | 1 | 2 |
| Franchise locations, end of year | 28 | 29 |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, at the beginning of 2024, there were 29 franchise locations. This number is part of a broader table tracking franchise location counts over several years. The table also shows that the number of franchise locations at the beginning of 2023 was 31.
It is important to note the changes in franchise locations over time. In 2024, there was one closed franchise location, resulting in 28 franchise locations at the end of the year. In 2023, there were two closed franchise locations, resulting in 29 franchise locations at the end of the year.
For a prospective franchisee, this data indicates a slight contraction in the number of Itan franchise locations. Reviewing these trends over several years can provide insights into the stability and growth of the franchise system. Understanding the reasons behind closed locations, such as market conditions or franchisee performance, is crucial for making an informed investment decision.