Bottom line
- Total investment $398K – $973K including a $43K franchise fee.
- Average unit revenue of $442K/year (median $389K). Estimated payback in 6.1 years.
- Rated STRONG with a risk score of 47/100. SBA loan default rate of 0.0% across 1520 loans (below the industry average).
- System contracting at -150% 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 Anytime Fitness unit return on the cash you put in?
Unlevered ROIC · per unit
18%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Anytime Fitness units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.9M
on $9.7M purchase
Total debt
$7.8M
SBA $4.9M + senior + seller note
Overview
About
Franchisees operate 24/7 self-service fitness facilities, managing membership sales, facility maintenance, equipment upkeep, and member retention. Day-to-day duties include staffing front desk/cleaning, managing HVAC/security systems, marketing memberships, and handling member support—typically with 1-3 full-time employees.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 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
Anytime Fitness presents moderate-to-cautionary risk: a mature, contracting system with litigation clouds, thin unit economics, and no Item 19 disclosure to validate earnings claims.
Score breakdown · what drove the 47 / 100 rating
- 01MINORSystem declining: -0.9% YoY unit contraction signals market saturation or franchisee struggles despite 2,310 locations
- 02HIGHLitigation exposure: Spain franchisee breach-of-duty lawsuit on appeal + affiliate regulatory actions (Illinois/New York) indicate FDD disclosure and compliance vulnerabilities
- 03MINORThin margins: $112,687 avg net income on $441,894 revenue (25.5% net margin) leaves minimal buffer for underperformance or unexpected costs
- 04MEDHigh initial investment relative to margins: $397k-$973k entry cost requires 3.5-8.6 years to recoup at avg net income, assuming zero growth/decline
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
91 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Anytime Fitness · FDD (2024) PDF