BFT
Formerly known as Body Fit Training
Bottom line
- Total investment $510K – $1.2M including a $60K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $361K/year (median $329K).
- Rated MODERATE with a risk score of 66/100. SBA loan default rate of 0.0% across 23 loans (below the industry average).
- 14 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
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 BFT unit return on the cash you put in?
Unlevered ROIC · per unit
11%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 BFT units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.6M
on $7.9M purchase
Total debt
$6.4M
SBA $4.0M + senior + seller note
Overview
About
BFT franchisees operate boutique fitness studio locations (likely specialized fitness classes based on Xponential Fitness portfolio). Day-to-day operations include managing class schedules, instructor staffing, member retention programs, facility maintenance, and generating revenue through class packages, memberships, and ancillary services. Franchisees are responsible for local marketing, community partnerships, and maintaining brand standards while remitting 7% of gross sales to the franchisor.
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 · 22 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
HIGH RISK: Litigation-laden franchisor with going concern issues at parent level, no earnings disclosure, regulatory consent orders, and unverified unit economics despite rapid growth claims.
Score breakdown · what drove the 66 / 100 rating
- 01HIGHGoing concern status is FALSE — indicates potential financial instability or restructuring at parent company level
- 02HIGHActive litigation across multiple jurisdictions with specific allegations of fraudulent inducement and disclosure violations — suggests systemic franchisor credibility issues
- 03MINORTwo regulatory consent orders (CA and WA) demonstrate state-level enforcement actions for violations
- 04MINORPending securities class actions and shareholder derivative suits against parent company (Xponential Fitness) create uncertainty about franchisor's financial viability and management integrity
- 05MINORNo Item 19 (Average Unit Volume) disclosure despite $509K-$1.2M investment range — inability or unwillingness to substantiate average franchisee earnings
- 06MINOR53.1% YoY unit growth appears strong but occurs within shrinking or restructuring parent company — growth may be artificial or unsustainable
- 07MEDHigh royalty burden (7%) combined with undisclosed net income and only $360K average revenue creates profitability uncertainty
- 08MINOR10-year term locks franchisees into commitment during period of parent company legal and financial distress
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
60 numbers
One-time purchase · CSV download · Validation questions included
FDD download
BFT · FDD (2025) PDF