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General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

Year of Founding

1982

Fees

Marketing Fee

NA

Royalty Fee

NA

Franchise Fee

$10,000-$10,000

Investment Range

$31K-$52K

Location units

Total U.S. Locations

63

U.S. Franchised Units

63

U.S. Corporate Units

0

Headquarters (City)

Bellevue

Other

Item 19 - Franchise Financials

Yes

Financing Availability

no

Started Offering Franchises

2002

Issuance of FDD Data

10/16/2019

What to know about Itex franchise?

We are ITEX CORPORATION, a Nevada corporation. We operate the ITEX MARKETPLACE, in which products and services are exchanged by ITEX members utilizing ITEX DOLLARS. ITEX dollars are only usable within the Marketplace and allow thousands of member businesses ("Members" or "ITEX Members") to acquire products and services without exchanging cash. We service our member businesses through our independent licensed broker and franchise network in the United States and Canada. We administer the ITEX Marketplace and provide recordkeeping and payment transaction processing services for our members. We generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars where applicable. We authorize our franchisees to offer membership in and to promote transaction activity through the ITEX Marketplace. This is done under the "ITEX" brand. Franchisees may offer membership in the ITEX Marketplace to businesses and individuals for a fee.

Itex is based in Bellevue, WA. Scroll down to learn more!

How much does a Itex franchise cost?

Are you wondering how much is a Itex franchise? Before starting a Itex franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Itex franchise is $31,000 and can go all the way up to $52,000. Keep in mind, you should also allocate additional funds to live off of while the Itex business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Itex franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Itex business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Itex franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Itex. Hotels to the Business Support, Outdoor Professional Business Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 64 4 5 63
2017 64 4 5 63
2018 63 4 4 63

Additional Details

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!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Itex

$41,500

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Itex

NA

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Itex

$10,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2019)

General

Industry

Professional Business Services

Category

Business Support

SBA Identifier

Year of Founding

1982

Fees

Marketing Fee

NA

Royalty Fee

NA

Franchise Fee

$10,000-$10,000

Investment Range

$31K-$52K

Location units

Total U.S. Locations

63

U.S. Franchised Units

63

U.S. Corporate Units

0

Headquarters (City)

Bellevue

Other

Item 19 - Franchise Financials

Yes

Financing Availability

no

Started Offering Franchises

2002

Issuance of FDD Data

10/16/2019

Detailed Franchise metrics for Itex

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Itex below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Itex

$10,000

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2019)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Itex

NA

22%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Itex

NA

13%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

15900 SE Eastgate Way, Suite 100

State headquarters

Washington

Key leadership

Itex

Phone

+1 (000) 0********00

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City

Bellevue

Zip code

98008
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