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.
Franchise Costs
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
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
ITEX Current | $10K – $38K | $10K | N/A | 33 |
| 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 188 franchises | $118K – $284K | $46K | 10.4% | – |
* 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)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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
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