What was Itan's total revenue during the fiscal year ended December 31, 2024?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
purchases; or (b) deposit these amounts into the Brand Fund.
Our total revenue during the fiscal year ended December 31, 2024 was $908,351. During that year, we generated $32,676 in revenue as a result of franchisee purchases or leases (consisting of technology fees and EFT service fees), which represents 3.6% of our total revenue for the year.
During the fiscal year ended December 31, 2024: (a) FDTC generated $41,372.45 in revenue as a result of franchisee purchases or leases; and (b) Evolv generated $101,947.43 in revenue as a result of franchisee purchases or leases. The source of this informat
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 18–21)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the company's total revenue for the fiscal year ending December 31, 2024, was $908,351. A portion of this revenue, specifically $32,676, was generated from franchisee purchases or leases, which included technology fees and EFT service fees. This amount represents 3.6% of Itan's total revenue for the year.
It is important to note that Itan's affiliates, FDTC and Evolv, also generated revenue from franchisee purchases or leases during the same fiscal year. FDTC generated $41,372.45, while Evolv generated $101,947.43. These figures are based on internal financial accounting maintained on QuickBooks.
For a prospective franchisee, this information provides insight into Itan's revenue streams and the role that franchisee purchases play in the company's overall financial performance. Understanding the revenue generated from franchisee-related activities can help potential franchisees assess the financial relationship between themselves and the franchisor. It also highlights the importance of technology fees and EFT service fees as revenue sources for Itan.