9roundFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A 9ROUND franchise requires a total initial investment of $149K – $416K, including a $25K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 26.4% charge-off rate across 111 loans[1]. Verdict grade: C. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $149K – $416K
- 25th pct Health & Fitn…
- Avg gross sales
- N/A
- 59th pct Health & Fitn…
- Royalty
- 6.0%
- 8th pct Health & Fitn…
- Units
- 200
- 90th pct Health & Fitn…
- SBA default
- 26.4%
- system-wide median varies by category
Quick verdict · Health & Fitness · color = vs category peers
Green = >15% above Health & Fitness avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
26.4% of SBA loans charged off across 111 loans, above the 16% franchise average.
The system contracted 28% year-over-year. Investigate why units are closing.
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.
- Verdict C (Average) with a risk score of 68/100. SBA loan charge-off rate of 26.4% across 111 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- 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
- Legal entity
- 9Round Franchising, LLC
- Parent company
- None
- Incorporated in
- SC
- HQ
- 847 NE Main Street, Simpsonville, South Carolina 29681
- Auditor
- Elliott Davis
- Audited financials
- Franchisor revenue
- $13.5M
- vs $11.6M prior year
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.
- CEO
- Shannon Hudson
- Headquarters
- SC
- Founded
- 2008
- FDD year
- 2025
- States available
- 30
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $25K | $25K |
| Working capital (3–6 mo) | $25K | $61K |
| Equipment, build-out, other | $100K | $330K |
| Total initial investment | $149K | $416K |
Source: 9ROUND 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $149K – $416K
- Better than avg vs category
- Liquid capital req'd
- $25K – $61K
- Near category avg vs category
- Franchise fee
- $15K – $25K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $499 |
| Transfer fee | $10K |
| Renewal fee | $1K |
| Total fee load | 8.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Health & Fitness averages
How 9round Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 200
- Opened
- 4
- Last reporting year
- Closed
- 83
- Turnover rate
- 41.5%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -27.6%
- Net unit change last year
- 3-yr CAGR
- -45.5%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 11
Last reporting year only, multi-year history not disclosed in this brand's FDD.
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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 111
- Loan volume
- $10.7M
- Median loan
- $82K
- 50th percentile
- Charge-off rate
- 26.4%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 73.6%
- 5-yr charge-off
- 25.0%
- Loans approved 2021+
- Active lenders
- 44
- Defaults
- 24
Vintage analysis
9round charge-off rate by loan vintage
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into 9round's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 10-year lending trend
Instant access. No subscription.
A 26.4% charge-off rate means roughly 1 in 4 franchisees failed to repay their SBA loan. Investigate what changed.
Risk analysis
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.
Audited financials (Item 21)
Yes · Elliott Davis
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 68 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius/Boundaries |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 1.5 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | South Carolina |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 29 hrs
- On-the-job training
- 27 hrs
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
99 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
9ROUND · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a 9ROUND franchise?
The total investment to open a 9ROUND franchise ranges from $149K – $416K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do 9ROUND franchise owners earn?
9ROUND does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is 9ROUND's franchise failure rate?
Based on SBA 7(a) loan data, 9ROUND has a charge-off rate of 26.4% across 111 loans, meaning 26.4% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many 9ROUND franchise locations are there?
As of their most recent FDD filing, 9ROUND has 200 total units in the United States. 4 new units were opened in the latest reporting year.
Is 9ROUND a good franchise to buy?
FranchiseVerdict rates 9ROUND as a C-grade franchise with a risk score of 68 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.