How much does a Itex franchise owner make?

Itex franchise earnings and revenue can vary significantly from one franchisee to another.
The Itex franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Itex discloses financials at the unit level. In other words, they show how much Itex franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Itex franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Itex. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Itex owners were making.

Visit the Itex metrics tab to explore the financials for this business.

What is the Itex franchise fee?

Owning a Itex franchise requires a variable royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Itex Franchise Disclosure Document

Keep in mind, there is also an initial Itex franchise fee of $10,000 that is included in the initial investment amount of $31,000 to $52,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Itex franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Itex franchise fee of $10,000.

Visit the Itex metrics tab to explore the financials for this business, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Itex founded?

Itex started offering franchises in 2002. Itex was founded 40 years ago in 1982.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Itex locations are in the U.S.?

As of 2019, there were 63 locations across the U.S. There are also 0 corporate locations. Most Professional Business Services franchises like Itex have more franchised locations than corporate locations.

How many Itex franchises opened over the past few years?

Over the prior 3 years we have data for, Itex has opened 12 outlets throughout the U.S. Visit the Itex metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Itex franchises closed over the past few years?

Over the prior 3 years we have data for, Itex has closed 14 outlets throughout the U.S

Visit the Itex metrics tab to explore how the openings compare to other Professional Business Services franchises.

Is Itex growing? Are they opening more locations than they are closing?

The net unit growth rate for Itex over the past 3 years is -2%. Over the last year we have data for, Itex had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Itex growth rate compares to 2,000+ other franchises and Industry franchises like Itex. More info in the Itex metrics tab.

Is Itex franchise eligible for an SBA Loan?

Itex is not eligible for SBA loans including the 7(a) loan last time we checked.

Itex franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Itex that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Itex a franchise in the United States?

According to the SBA, Itex does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Itex provides you with an FDD if you are in discussion to buy a Itex

What is the Itex Franchise for Sale Rate?

The Itex systemwide health and franchisee satisfaction can be measured by the Itexfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Itex franchise for sale rate over the past 3 years is 13%. Over the last year we have data for, Itex had a franchise for sale rate of 6%.

Without a comparison, this number doesn’t mean much. Compare how the Itex franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Itex. More info in the Itex metrics tab.

What is the Itex Franchise Failure Rate?

Itex franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Itex failure rate over the past 3 years is 22%. Over the last year we have data for, Itex had a franchise failure rate of 6%.

Without a comparison, this number doesn’t mean much. Compare how the Itex franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Itex. More info in the Itex metrics tab.

How can I find out more details on Itex franchise?

Visit the Itex metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!