Does the Itan transfer fee cover training for more than one person?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) the transferee's owners successfully complete, or make arrangements to attend, the initial training program and the transferee pays any applicable training fee (the transfer fee covers training for one (1) Person);
- (i) you or the transferee pay us a $10,000 transfer fee to defray expenses we incur related to the Transfer (in addition to the transfer fee, you must reimburse us for any commission we pay our broker if our broker finds the transferee);
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the transfer fee associated with transferring ownership of an Itan franchise covers training for only one person. Specifically, the FDD states that the transferee's owners must successfully complete the initial training program, and the transferee is responsible for paying any applicable training fee. The document clarifies that "the transfer fee covers training for one (1) Person".
This means that if multiple individuals associated with the new ownership need training, additional fees may apply for each person beyond the first. This is a crucial consideration for prospective franchisees looking to transfer their Itan franchise, as it directly impacts the costs associated with the transfer process. The transferee will need to budget accordingly to ensure all owners are adequately trained.
It is important to note that this condition is one of several that must be satisfied for Itan to approve a transfer. Other conditions include the transferee demonstrating sufficient business experience and financial resources, compliance with all agreements, obtaining necessary licenses and permits, and signing Itan's current franchise agreement. The transferor or transferee must also pay a $10,000 transfer fee and reimburse Itan for any broker commissions related to finding the transferee.