Bottom line
- Total investment $450K – $1.6M including a $40K franchise fee, 7.5% ongoing royalty.
- Average unit revenue of $700K/year (median $727K). Estimated payback in 1.6 years.
- Rated MODERATE with a risk score of 65/100.
- Emerging franchise — only 3 years of franchising with 4 units. Early-stage systems carry higher risk but may offer better territory availability.
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 BASH Boxing unit return on the cash you put in?
Unlevered ROIC · per unit
19%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 BASH Boxing units return on equity?
Equity IRR · 5-yr
34.2%
4.35× MOIC
Year-1 DSCR
2.38×
EBITDA ÷ debt service
Equity required
$5.5M
on $15.1M purchase
Total debt
$9.5M
SBA $5.0M + senior + seller note
Overview
About
BASH Boxing franchisees operate boutique boxing fitness studios offering high-intensity group classes, personal training, and conditioning programs. Day-to-day operations include class instruction, member management, facility maintenance, coaching staff supervision, and revenue generation through memberships, class packages, and retail sales.
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 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
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
Early-stage boxing franchise with opaque financial performance data, minimal unit base, franchisor financial concerns, and undocumented cost drivers — suitable only for investors with high risk tolerance and strong due diligence capability.
Score breakdown · what drove the 65 / 100 rating
- 01MINOROnly 4 franchised units with unknown growth trajectory suggests minimal system traction and scalability concerns
- 02MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if average revenue/net income figures are typical or outliers
- 03HIGHGoing Concern status is False, indicating potential financial instability at franchisor level that could affect support and survival
- 04MINORWide investment range ($450K-$1.56M) with vague cost breakdown suggests high variability and unclear unit economics
- 05MINOR7.5% royalty on adjusted gross sales creates revenue recognition disputes and unclear payment calculation methodology
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
2 numbers
One-time purchase · CSV download · Validation questions included
FDD download
BASH Boxing · FDD (2024) PDF