Bottom line
- Total investment $149K – $416K including a $25K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 139 loans (below the industry average).
- System contracting at -45.5% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
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 9ROUND unit return on the cash you put in?
Unlevered ROIC · per unit
69%
Above typical band (30–60%)
Overview
About
9ROUND franchisees operate boutique fitness studios offering rapid 30-minute kickboxing/boxing-inspired circuit training classes. Day-to-day operations include managing class schedules, coaching group fitness sessions, maintaining equipment, handling member billing and retention, and managing 1–5 staff members in a compact studio setting.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
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).
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
9ROUND presents HIGH RISK due to accelerating unit contraction (-27.6% YoY), complete absence of financial performance data, and high fixed royalty minimums that may exceed earnings in struggling locations.
Score breakdown · what drove the 64 / 100 rating
- 01MED27.6% unit decline YoY indicates rapidly shrinking franchise system and potential market saturation or operational failure
- 02MINORNo average revenue or net income disclosure (Item 19) prevents accurate ROI assessment and suggests franchisor may be hiding weak unit economics
- 03MINORHigh royalty floor of $600/month ($7,200 annually) creates significant fixed cost burden even for underperforming locations
- 04MINORInvestment range of $149K–$416K is broad and lacks transparency; unclear what drives cost variance
- 05MED200-unit system is relatively small; continued decline below 150 units would indicate critical mass loss
- 06HIGHNo disclosed going concern issues, but steep unit decline raises questions about franchisor financial stability
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
99 numbers
One-time purchase · CSV download · Validation questions included
FDD download
9ROUND · FDD (2025) PDF