ITEX
ITEX Corporation operates a barter marketplace where member businesses exchange products and services using ITEX Dollars instead of cash, with the franchisor providing record-keeping, transaction processing, and administrative services while generating revenue through percentage-based fees, association fees, and other charges. Franchisees establish and operate local offices using the ITEX System and Marks to promote the marketplace to businesses, earning commissions primarily in cash and partly in ITEX Dollars from assigned members. The target market consists primarily of small businesses with fewer than 10 employees.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
No ongoing royalty or brand fund fees. Other fees include $50 cash set-up per Member (if not on autopay), $5,000 renewal fee, $2,000 transfer fee, and various administrative costs.
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Historical financial performance of existing franchisees for the fiscal year ended July 31, 2024, based on 13 cycles.
* The document describes the methodology for calculating average and median commission figures based on a table, but the actual table containing these financial figures (average, median, and potentially segmented revenue) is not present in the provided image or OCR text. Therefore, no numerical financial performance data could be extracted.
Extracted Item 19 Section
How ITEX Compares to Other Business Services Franchises
Key Insights
- Lower investment than 96% of Business Services franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
ITEX Current | $10K - $38K | $10K | N/A | 35 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+7 more states
Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a ITEX franchise?
The total initial investment to open a ITEX franchise ranges from $9,700 to $37,700. This includes a franchise fee of $10,000.
How many ITEX franchise locations are there?
As of the 2024 FDD, ITEX has 35 franchise locations. The company has been franchising since 2002.
Is ITEX a good franchise to buy?
ITEX shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in ITEX?
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