Question 1

How many iTrip franchise locations are there?

Accepted Answer

iTrip currently has 115 total units, including 114 franchised locations and 1 company-owned locations.

Question 2

Is the iTrip franchise system growing or shrinking?

Accepted Answer

iTrip has experienced positive net growth of +0.0% over the past year, with a 3-year compound annual growth rate (CAGR) of +1.5%.

Question 3

What is the franchise vs. company-owned ratio for iTrip?

Accepted Answer

iTrip has a franchise ratio of 99%, meaning 99% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many iTrip franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), iTrip had 3 units opened and 3 units closed.