ITEX

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.

33
Locations
$10K–$38K
Investment
Since 2002
Franchising
ServicesBellevue, WAwww.itex.comDisclaimer

Franchise Costs


Franchise Fee
$10,000
Item 5 of FDD
Initial Investment Range
$9,700 $37,700
Low: $9,700High: $37,700
Item 7 of FDD
Royalty Rate
N/A
Brand Fund
N/A
Item 6 of FDD

No ongoing royalty or brand fund. Various per-cycle/per-member fees (e.g., $50 setup per member not on autopay, $5/cycle/extra email) and as-incurred fees (e.g., up to $100/hr assistance).

How ITEX Compares


Key Insights

  • Lower investment than 96% of Business Services franchises
FranchiseInvestmentFeeRoyaltyLocations
ITEX
Current
$10K – $38K$10KN/A33
Bimbo Foods Bakeries Distribution, LLC$14K – $607KN/AN/A6,454
THE UPS STORE (TRADITIONAL)$216K – $609K$30K5.0%4,500
JACKSON HEWITT TAX SERVICE$71K – $105K$25K15.0%2,744
CRUISE PLANNERS$2K – $21K$11K3.0%2,655
SERVPRO (UNIT)$259K – $380K$100K10.0%2,286
Business Services Average
188 franchises
$118K – $284K$46K10.4%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 188 Business Services franchises by location count.

Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired
0
Ceased Ops
2
Transfers
2
Sold to Franchisees
0
Projected New
0

Frequently Asked Questions


The total initial investment to open a ITEX franchise ranges from $9,700 to $37,700. This includes a franchise fee of $10,000.

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Also includes FDDs for

THE UPS STORE (TRADITIONAL)
THE UPS STORE (TRADITIONAL)
AMERIPRISE FINANCIAL SERVICES LLC
AMERIPRISE FINANCIAL SERVICES LLC
JACKSON HEWITT TAX SERVICE
JACKSON HEWITT TAX SERVICE
SERVPRO (UNIT)
SERVPRO (UNIT)
H&R BLOCK
H&R BLOCK
+1,700 more