I

    ITEX

    Franchise research report · reviewed 2025 disclosure data

    Researching ITEX franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    ITEX franchises businesses that enroll and support members in a marketplace where businesses exchange products and services using ITEX Dollars. Franchisees facilitate transactions, explain marketplace procedures and help collect fees, while ITEX provides recordkeeping and payment processing.

    Headline figures

    ITEX quick facts

    Is ITEX a franchise?
    Yes. ITEX offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 33 franchised and 0 company-owned outlets (2025 FDD, Item 20, PDF p. 33).
    How much does it cost to open an ITEX franchise?
    The ITEX Franchise Disclosure Document reports an estimated initial investment of $9,700 (2025 FDD, Item 7, PDF p. 13). This is the franchisor's disclosed estimate, not a quote. Details
    What is the ITEX initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $10,000 (2025 FDD, Item 5, PDF p. 9). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    Does ITEX disclose financial performance (Item 19)?
    Yes. The ITEX FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 32). Figures apply only to the locations and period each one covers. Details
    How many ITEX locations are there?
    The FDD reports 33 outlets at the end of 2025 (2025 FDD, Item 20, PDF p. 33). Existing locations do not indicate territory availability. Details
    Is ITEX a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 lists every recurring fee beyond royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $9,700 in the 2025 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 20 separate groups: other measures for 3 locations; other measures for 5 locations; other measures for 1 locations; other measures for 5 locations; other measures for 5 locations; other measures for 5 locations; other measures for 3 locations; other measures for 3 locations; other measures for 5 locations; other measures for 5 locations; other measures for 2 locations; other measures for 2 locations; other measures for 2 locations; other measures for 1 locations; other measures for 3 locations; other measures for 3 locations; other measures for 4 locations; other measures for 4 locations; other measures for 3 locations; other measures for 2 locations. They are not combined.
    3. 3Outlets declined by 2 in 2025, to 33 (Systemwide, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    ITEX head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2025 FDD · Item 7 · PDF p. 13

    Standard single-unit franchise fee

    2025 FDD · Item 5 · PDF p. 9
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    12 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    20 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchisees with 201 to 250 Members
    Period
    201 to 250 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Average and median commissions per cycle based on 13 cycles; total cash commissions, average per cycle.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Franchisees with 301 to 350 Members included in the Item 19 group
    Period
    301 to 350 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Franchisees with 401 to 450 Members
    Period
    401 to 450 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Median commissions per cycle; total cash commissions.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Franchisees with 101 to 150 Members included in the Item 19 group
    Period
    101 to 150 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Franchisees with 351 to 400 Members included in the Item 19 group
    Period
    351 to 400 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Franchisees with 101 to 150 Members
    Period
    101 to 150 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Median commissions per cycle; total cash commissions.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchisees with Under 100 Members included in the Item 19 group
    Period
    Under 100 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchisees with 151 to 200 Members
    Period
    151 to 200 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Median commissions per cycle; total cash commissions.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Franchisees with 351 to 400 Members
    Period
    351 to 400 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Average and median commissions per cycle based on 13 cycles; total cash commissions, average per cycle.

    Locations counted: not stated in the reviewed record

    Other measures · 5 locations

    Who is counted
    Franchisees with 301 to 350 Members
    Period
    301 to 350 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Median commissions per cycle; total cash commissions.

    Locations counted: not stated in the reviewed record

    Other measures · 2 locations

    Who is counted
    Franchisees with 251 to 300 Members included in the Item 19 group
    Period
    251 to 300 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 2 locations

    Who is counted
    Franchisees with 251 to 300 Members
    Period
    251 to 300 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Average and median commissions per cycle based on 13 cycles; total cash commissions, average per cycle.

    Locations counted: not stated in the reviewed record

    Other measures · 2 locations

    Who is counted
    Franchisees with 501+ Members
    Period
    501+ Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Average and median commissions per cycle based on 13 cycles; total cash commissions, average per cycle.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Franchisees with 401 to 450 Members included in the Item 19 group
    Period
    401 to 450 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchisees with 151 to 200 Members included in the Item 19 group
    Period
    151 to 200 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchisees with Under 100 Members
    Period
    Under 100 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Average and median commissions per cycle based on 13 cycles; total cash commissions, average per cycle.

    Locations counted: not stated in the reviewed record

    Other measures · 4 locations

    Who is counted
    Franchisees with 451 to 500 Members
    Period
    451 to 500 Members
    Excluded
    Excludes non-cash commissions; fiscal year ended July 31, 2025.
    Method
    Average and median commissions per cycle based on 13 cycles; total cash commissions, average per cycle.

    Locations counted: not stated in the reviewed record

    Other measures · 4 locations

    Who is counted
    Franchisees with 451 to 500 Members included in the Item 19 group
    Period
    451 to 500 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchisees with 201 to 250 Members included in the Item 19 group
    Period
    201 to 250 Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    Locations counted: not stated in the reviewed record

    Other measures · 2 locations

    Who is counted
    Franchisees with 501+ Members included in the Item 19 group
    Period
    501+ Members
    Excluded
    The Item 19 table reports franchise count for this member range.
    Method
    Count shown in Total Franchises column.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Systemwide, as labeled in the FDD · counts as of Fiscal year ending July 31, year shown of each year.

    2025 FDD · Item 20 · PDF p. 33

    Net −7 outlets, 2023–2025

    0402023352024332025−5−2

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2025 Item 7 estimate ($9,700) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units decreased from 35 to 33 in 2025. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2025 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 13
    2. [2]Standard initial franchise fee — Item 5 · PDF p. 9
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 201 to 250 Members · PDF p. 32
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 301 to 350 Members included in the Item 19 group · PDF p. 32
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 401 to 450 Members · PDF p. 32
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 101 to 150 Members included in the Item 19 group · PDF p. 32
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 351 to 400 Members included in the Item 19 group · PDF p. 32
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 101 to 150 Members · PDF p. 32
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Franchisees with Under 100 Members included in the Item 19 group · PDF p. 32
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 151 to 200 Members · PDF p. 32
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 351 to 400 Members · PDF p. 32
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 301 to 350 Members · PDF p. 32
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 251 to 300 Members included in the Item 19 group · PDF p. 32
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 251 to 300 Members · PDF p. 32
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 501+ Members · PDF p. 32
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 401 to 450 Members included in the Item 19 group · PDF p. 32
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 151 to 200 Members included in the Item 19 group · PDF p. 32
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Franchisees with Under 100 Members · PDF p. 32
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 451 to 500 Members · PDF p. 32
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 451 to 500 Members included in the Item 19 group · PDF p. 32
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 201 to 250 Members included in the Item 19 group · PDF p. 32
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Franchisees with 501+ Members included in the Item 19 group · PDF p. 32
    23. [23]Outlet counts — Item 20, Table 1 · PDF p. 33

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025cash and cash equivalents$4,644
    2025total assets$6,736
    2025total liabilities$715
    2025total stockholders’ equity$6,021
    2025marketplace and other revenue$5,440
    2025income from operations$456
    2025net income$504
    2025net cash provided by operating activities$696
    2025net decrease in cash and cash equivalents-$981
    2025cash and cash equivalents at end of period$4,644

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 201 to 250 Members

      “201 to 250 $ 6,842.60 $ 5,173.56 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 301 to 350 Members

      “301 to 350 $ 6,758.68 $ 6,432.24 5”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 401 to 450 Members

      “401 to 450 $ 5,659.80 $ 5,487.32 1”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 101 to 150 Members

      “101 to 150 $ 2,702.26 $ 2,831.38 5”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 351 to 400 Members

      “351 to 400 $ 9,277.59 $ 9,593.10 5”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 101 to 150 Members

      “101 to 150 $ 2,702.26 $ 2,831.38 5”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — Under 100 Members

      “Under 100 $ 1,978.44 $ 1,782.52 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 151 to 200 Members

      “151 to 200 $ 4,174.07 $ 3,537.82 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 351 to 400 Members

      “351 to 400 $ 9,277.59 $ 9,593.10 5”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 301 to 350 Members

      “301 to 350 $ 6,758.68 $ 6,432.24 5”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 251 to 300 Members

      “251 to 300 $ 5,385.60 $ 5,143.73 2”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 251 to 300 Members

      “251 to 300 $ 5,385.60 $ 5,143.73 2”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 301 to 350 Members

      “301 to 350 $ 6,758.68 $ 6,432.24 5”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 501+ Members

      “501+ $ 10,474.58 $ 10,569.41 2”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 501+ Members

      “501+ $ 10,474.58 $ 10,569.41 2”

      Note: The cited table reports the number of Total Franchises in this member range, but does not state how many physical locations these franchisees represent. The required whole-location sample size cannot be established from the page.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 401 to 450 Members

      “401 to 450 $ 5,659.80 $ 5,487.32 1”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 151 to 200 Members

      “151 to 200 $ 4,174.07 $ 3,537.82 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 201 to 250 Members

      “201 to 250 $ 6,842.60 $ 5,173.56 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — Under 100 Members

      “Under 100 $ 1,978.44 $ 1,782.52 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — Under 100 Members

      “Under 100 $ 1,978.44 $ 1,782.52 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 451 to 500 Members

      “451 to 500 $ 9,762.81 $ 8,936.39 4”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 451 to 500 Members

      “451 to 500 $ 9,762.81 $ 8,936.39 4”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 101 to 150 Members

      “101 to 150 $ 2,702.26 $ 2,831.38 5”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 451 to 500 Members

      “451 to 500 $ 9,762.81 $ 8,936.39 4”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 351 to 400 Members

      “351 to 400 $ 9,277.59 $ 9,593.10 5”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Median Commissions Per Cycle — 251 to 300 Members

      “251 to 300 $ 5,385.60 $ 5,143.73 2”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 201 to 250 Members

      “201 to 250 $ 6,842.60 $ 5,173.56 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 401 to 450 Members

      “401 to 450 $ 5,659.80 $ 5,487.32 1”

      Note: The cited table reports counts of Total Franchises by member range, but it does not state how many physical locations those franchisees represent. The page cannot settle the required whole-location sample size without assuming one franchisee equals one location.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Total Franchises — 501+ Members

      “501+ $ 10,474.58 $ 10,569.41 2”

      Note: The cited table reports the number of Total Franchises in this member range, but does not state how many physical locations these franchisees represent. The required whole-location sample size cannot be established from the page.

    • Item 19 · PDF p. 32 · 2025 FDD

      Our summary: Average Commissions Per Cycle — 151 to 200 Members

      “151 to 200 $ 4,174.07 $ 3,537.82 3”

      Note: The cited Item 19 table reports counts of total franchises within member ranges, but it does not establish a whole count of physical locations for those franchisees. The page cannot settle the required location sample size without an unsupported conversion.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.