Itex is a barter exchange network that facilitates cashless transactions between businesses, helping them trade goods and services to save money and increase sales.
KEY FRANCHISE STATS
Franchisees
?
36
+
-27%
-27%
Franchise fee
?
$10,000
Investment
?
$11,000 - $38,000
Revenue (AUV)
?
Undisclosed
$0
+
n.a.
n.a.
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Itexis a North American leader in cashless trade exchanges. The franchise was founded in 1982 in Bellevue, Washington, where it is still headquartered today. Itex began offering franchise opportunities in 2002, enabling entrepreneurs to operate their own trade exchange offices using Itex's proprietary systems.
The company allows businesses to trade goods and services using a unique digital currency called Itex dollars, helping members preserve cash while growing their customer base.
Franchisees manage local Itex member networks and earn revenue from transaction fees and membership dues. They are responsible for signing up businesses, facilitating trades, and promoting local activity within the exchange. What sets Itex apart is its established digital currency platform and reputation in the barter industry.
Unlike traditional barter networks, Itex offers an organized, tech-driven system that supports businesses across multiple industries. Members can use Itex dollars to buy from and sell to other businesses in the nationwide network, which increases liquidity and business opportunities.
Initial investment
The initial investment required for a Itex franchise is $11,000 - $38,000. That is the total cost you would need to finance if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Type of Expenditure
Amount
Initial Franchise Fee
$0 to $10,000
Travel, lodging and meals for Training
$1,000 to $3,000
Office and computer equipment, software, and supplies
$1,000 to $3,000
Office Rent
$0 to $3,000
Team Member Training (optional)
$0 to $3,000
Telephone service, broadband internet service and utilities
$150 to $500
Stationery and promotional materials
$250 to $500
Insurance
$300 to $500
Miscellaneous opening costs
$1,300 to $2,500
Automobile
$500 to $2,500
Additional Funds – 3 Months
$6,000 to $9,000
TOTAL
$10,500 to $37,500
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Type of Expenditure
Amount
Initial Franchise Fee
$0 to $10,000
Travel, lodging and meals for Training
$1,000 to $3,000
Office and computer equipment, software, and supplies
$1,000 to $3,000
Office Rent
$0 to $3,000
Team Member Training (optional)
$0 to $3,000
Telephone service, broadband internet service and utilities
$150 to $500
Stationery and promotional materials
$250 to $500
Insurance
$300 to $500
Miscellaneous opening costs
$1,300 to $2,500
Automobile
$500 to $2,500
Additional Funds – 3 Months
$6,000 to $9,000
TOTAL
$10,500 to $37,500
Franchise Disclosure Document
Below is Itex's 2024 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.
Number of units
Itex had 40 total units in 2024, of which 36 were franchised-owned and 4 company-owned.
The franchise offered by Itex includes a comprehensive training program designed to prepare franchisees for successful operation. Here are the key training components provided by the Franchisor:
Initial Training Course This mandatory course must be completed by the individual, partner, owner, or LLC member responsible for the day-to-day operations. It spans four to five days and is typically conducted at the Itex corporate training facility. It covers the Itex system, business development, member enrollment, accounting, and trade directing practices.
Optional Manager/Staff Training While only one owner or operator is required to attend the initial training, franchisees may bring additional staff or managers at their own expense. This inclusion is optional but encouraged to foster consistent operational standards.
Supplemental and Refresher Training Itex may invite franchisees to attend periodic refresher programs or seminars to stay updated on operational best practices. These are provided at no charge, but all travel-related expenses are borne by the franchisee.
Territory Protection
The franchise offered by Itex does not provide territory protection to its franchisees. According to the Franchise Agreement, franchisees are not granted exclusive territorial rights, nor are they given the ability to exclude or control the placement of other franchises or distribution channels within any geographic area.
The franchisor retains the right to open or approve new franchise locations anywhere, including areas near an existing franchisee's business. Although Itex generally encourages new franchisees to maintain a minimum distance of 10 miles from existing offices, this is not a guaranteed protection or enforceable restriction.
Franchisees may face competition from other Itex franchises, company-owned outlets, or other Itex-authorized distribution methods. This lack of exclusivity extends to all customer segments and geographies, as the franchisor may market or sell services directly or indirectly to any customer regardless of their location.
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