FranchiseVerdict
10X Health System logo
FV-00018·MODERATEExcellent91FDD 2022

10X Health System

Health & Wellness - OtherFranchising since 2022Website
Investment
$216K – $523K
56th pct Other
Avg revenue
$8.0M
62nd pct Other
Royalty
12.0%
70th pct Other
Units
7
30th pct Other
SBA default

Bottom line

  • Total investment $216K – $523K including a $100K franchise fee, 12.0% ongoing royalty.
  • Average unit revenue of $8.0M/year (median $5.2M).
  • Rated MODERATE with a risk score of 64/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
10X Health Franchising LLC
Parent company
10X Health Ventures, LLC
Incorporated in
Delaware
HQ
2920 NE 207th Street, #901, Miami, Florida 33180
Auditor
Divine, Blalock, Martin & Sellari, LLC
Audited financials
Franchisor revenue
$0
Most recent fiscal year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one 10X Health System unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $7,952,295
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $216K–$523K
Working capital
$
FDD reports $30K–$50K

Unlevered ROIC · per unit

291%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$1.2M
EBITDA margin
15.0%
Total invested
$409K
Payback
4 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 10X Health System units return on equity?

Edit assumptions

Equity IRR · 5-yr

22.7%

2.78× MOIC

Year-1 DSCR

3.97×

EBITDA ÷ debt service

Equity required

$39.5M

on $63.6M purchase

Total debt

$24.1M

SBA $5.0M + senior + seller note

SBA 7(a) request ($31.8M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

10X Health System franchisees operate direct-to-consumer health testing and wellness centers, likely offering diagnostic services, blood work analysis, and preventive health consultations. Daily operations involve client intake, specimen collection/processing, results interpretation, and wellness coaching to drive repeat revenue and membership models.

CEO
Brandon Dawson
Founded
2022
FDD year
2022
States available
4

Item 7 · what it costs

The Vitals

Total investment
$216K – $523K
All-in to open one unit
Liquid capital
$30K – $50K
Cash you must have on hand
Franchise fee
$100K
Royalty
12.0%
Gross Revenue · typical 6–8%
Ad fund
3.0%
typical 3–5%
Total fee load
15.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$8.0M
Per unit, per year
Median gross sales
$5.2M
Item 19 type
Gross Revenue
Sample size
3 units
vs category median 12 · small
Range (low → high)
$3.0M$15.6M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank62th
vs Health & Wellness - Other peers
Investment cost rank56th
Lower investment ranks lower (better)
Royalty rate rank70th
Lower royalty = lower percentile (better)
Unit count rank30th
vs Health & Wellness - Other peers
Risk score rank62th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
7
Opened
6
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
7
Corporate units in the system
% franchised
0%
vs corporate-owned
2020
0+6
Franchised units
2021
0
Franchised units
2022
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Available · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

Early-stage health system franchise with unproven unit economics, missing profitability disclosures, and questionable franchisor financial health presents elevated risk despite no litigation history.

Score breakdown · what drove the 64 / 100 rating

  1. 01MINOROnly 7 units in system with unknown growth trajectory suggests minimal scale and unproven model replicability
  2. 02MEDNo average net income disclosed in Item 19 prevents ROI validation — critical missing financial metric
  3. 03MINORHigh royalty rate of 12% combined with substantial initial investment ($215.7K–$523.4K) creates significant breakeven pressure
  4. 04HIGHGoing Concern status is FALSE, indicating potential financial instability or accounting issues at franchisor level
  5. 05MINORExtremely small franchise base makes territorial protection claims difficult to defend and limits support infrastructure

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Florida

Item 11

Training & Operations

Classroom training
23 hrs
On-the-job training
16 hrs
POS system
Dr. Chrono
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

15 numbers

Locked
(213) 576-••••
CA
(360) 902-••••
WA
(808) 586-••••
HI

One-time purchase · CSV download · Validation questions included

FDD download

10X Health System · FDD (2022) PDF

Single-page checkout · instant download · CSV export of contacts available separately above