BODYBAR Pilates Franchise Cost, Revenue & Review 2026
- Investment
- $390K – $759K
- Disclosed sales
- $751K
- gross sales, not profit
- SBA charge-off
- 0.0%
- on 56 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
BODYBAR Pilates is a boutique fitness franchise offering reformer-based Pilates classes in a studio setting. Franchisees run the studios, managing instructors, class scheduling, memberships, and retail.
FranchiseVerdict summary · 2026
A BODYBAR Pilates franchise requires a total initial investment of $390K – $759K, including a $60K franchise fee and an ongoing 7.0% royalty[2]. Per the 2025 FDD, average unit revenue was $751K[2]. SBA 7(a) loans show a 0.0% charge-off rate across 56 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored8 of 8 headline figures on this page cite a page of the filing.
Overview
- Investment
- $390K – $759K
- 73rd pct Health & Fitn…
- Avg gross sales
- $751K
- 28th pct Health & Fitn…
- Royalty
- 7.0%
- 37th pct Health & Fitn…
- Units
- 46
- 70th pct Health & Fitn…
- SBA charge-off
- 0.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Health & Fitness · color = vs category peers
Green = favorable by >10% vs Health & Fitness median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $390K – $759K including a $60K franchise fee, 7.0% ongoing royalty.
- RETURNSAverage unit revenue of $751K/year (median $733K), with an estimated 32% cash-on-cash return.
- RISKVerdict B (Above average), verdict score 61/100 (higher is better). SBA loan charge-off rate of 0.0% across 56 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +21 franchised outlets in the latest year (22 opened, 1 closed); 26 signed but not yet open (Item 20).
- GROWTHSystem growing at 228.6% CAGR over 3 years with 46 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- BODYBAR Franchising, LLC
- Predecessor
- and Affiliates
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Matt McCollum
- Incorporated in
- TX
- HQ
- 3236 West 7th Street, Suite B, Fort Worth, TX 76107
- Auditor
- Gwynn CPAs (Frisco, Texas)
- Audited financials
- Franchisor revenue
- $5.3M
- vs $3.6M prior year
Affiliated brands
- BODYBAR Franchise IP Holding
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Matt McCollum
- Headquarters
- TX
- Founded
- 2014
- FDD year
- 2025
- States available
- 15
Can you afford it, and what does the money buy?
Entry cost runs 46% above the typical health & fitness franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $60K | $60K | |
| Travel and Living Expenses While Trainingnot refundable | $2K | $7K | |
| BODYBAR Pilates Instructor Training Programnot refundable | $8K | $9K | |
| Real Estate/Leasenot refundable | $14K | $18K | |
| Leasehold Improvementsnot refundable | $99K | $312K | |
| Pilates Equipment Packagenot refundable | $124K | $129K | |
| Audio/Visual Itemsnot refundable | $24K | $40K | |
| Signagenot refundable | $10K | $12K | |
| Computer System and Equipmentnot refundable | $2K | $4K | |
| Initial Inventory Kitnot refundable | $10K | $10K | |
| Advertising/Marketing (including Grand Opening Program costs)not refundable | $17K | $18K | |
| Insurancenot refundable | $4K | $6K | |
| Shippingnot refundable | $1K | $2K | |
| Professional Feesnot refundable | $4K | $45K | |
| Additional Funds - 3 Months from Openingnot refundable | $14K | $90K | |
| Total initial investment | $390K | $759K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $390K – $759K
- Bottom third — review vs category
- Liquid capital req'd
- $14K – $90K
- Top 40% of category vs category
- Franchise fee
- $60K – $60K
- Bottom third — review vs category
- Royalty
- 7.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
- Payback period
- 3.2 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $500 |
| Training fee | $8K |
| Transfer fee | $30K |
| Renewal fee | $10K |
| Inventory (initial) | $10K – $10K |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 57% above the health & fitness norm.
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for BODYBAR Pilates until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$627K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
FDD-reported earnings
The FDD reports $182K as Net Income. This is a disclosed figure, not our estimate — we publish no modelled profit for BODYBAR Pilates.
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one BODYBAR Pilates unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
- Avg gross sales
- $751K
- Per unit, per year
- Median gross sales
- $733K
- Avg net income
- $182K
- Cash-on-cash
- 31.7%
- Based on Net Income / investment midpoint
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- Gross Sales and P&L
- Sample size
- 21 outlets
- vs category median 11
- Range (low → high)
- $452K→$1.1MCited, not corroborated — printed on page 61 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $565K→$954K
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 9 / 10
- vs category median 4 / 10 · above
Compared against 173 Health & Fitness brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $751K/year in gross sales. Revenue-to-investment ratio: 1.3x.
Fee burden
Total ongoing fee load of 9.0% (near the Health & Fitness median).
Disclosure
Transparency score 9/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 228.6% CAGR over 3 years across 46 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Health & Fitness medians
How BODYBAR Pilates Compares
Category median of published Health & Fitness brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 46
- Opened
- 22
- Last reporting year
- Closed
- 1
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 2.2%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- Outlier (see FDD)
- Likely small-sample artifact
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Signed, not yet open
- 26
- 0.57 per open outlet · Item 20 Table 5
- Projected new
- 26
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 15 states 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.
15
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 56
- Loan volume
- $20.8M
- Median loan
- $450K
- 50th percentile
- Charge-off rate
- 0.0%
- on 56 loans · 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)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 15
- Defaults
- 0
- Typical loan rate
- 9.6%
- avg rate to borrowers
- Franchised industry avg
- 15.8%
- brand beats franchise avg ↓
- Jobs supported
- 678
- 3.3 per loan
- Lender concentration
- 70%
- top lender's share
Borrower mix: 91% went to startups / new businesses, 9% to established operators
Franchise vs independent — in fitness and recreational sports centers, franchised businesses charge off at 15.8% vs 18.2% for independents — franchising is associated with 13% lower SBA default risk in this category.
Top lenders financing BODYBAR Pilates franchisees
Showing 3 of 15 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for BODYBAR Pilates from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 68%
- Avg interest rate
- 9.57%
- Lender concentration
- 69.6%
- Job velocity
- 3.3 per $100K
- NAICS benchmark
- 12.5%
- NAICS 713940
- Jobs supported
- 678
Top SBA lendersTop lender holds 70% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 39 | $12.4M | 0.0% |
| 2 | First Bank of the Lake | 4 | $1.8M | N/A |
| 3 | Climate First Bank | 1 | $500K | N/A |
| 4 | INTRUST Bank, National Association | 1 | $412K | N/A |
| 5 | First National Bank of Pennsylvania | 1 | $697K | N/A |
| 6 | Evolve Bank and Trust | 1 | $611K | N/A |
| 7 | Lake Michigan CU | 1 | $450K | N/A |
| 8 | BayFirst National Bank | 1 | $640K | N/A |
| 9 | Milestone Bank | 1 | $455K | N/A |
| 10 | Celtic Bank Corporation | 1 | $377K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| FLFlorida | 11 | 0 | 0.0% |
| CACalifornia | 10 | 0 | -- |
| TXTexas | 10 | 0 | -- |
| KSKansas | 4 | 0 | -- |
| NCNorth Carolina | 3 | 0 | -- |
| UTUtah | 3 | 0 | -- |
| AZArizona | 2 | 0 | -- |
| GAGeorgia | 2 | 0 | -- |
| IDIdaho | 2 | 0 | 0.0% |
| NMNew Mexico | 2 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
With a 0.0% charge-off rate across 56 loans, banks have historically viewed this brand favorably for lending.
What could kill this investment?
SBA loans charge off at 0.0% — 100% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
BODYBAR presents moderate-to-cautious risk: strong unit growth masks the absence of audited financial disclosure, and franchisor's going concern issues raise questions about long-term viability and franchisee support.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
0 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Gwynn CPAs (Frisco, Texas)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total Revenues comprise Franchise revenue $3,500,518, Equipment and retail $1,363,865, and Other $474,999 for FY2024 (audited statements of operations).
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 61 / 100 verdict
- 01MEDHigh initial investment ($389k-$759k) relative to disclosed net income ($182k) creates 2.1-4.2 year payback horizon with execution risk
- 02MINORRapid unit growth (84% YoY) is unusual for pilates studios and may indicate aggressive recruitment masking underlying unit economics problems
- 03MINOR7% royalty on gross sales (not net) combined with high startup costs creates cash flow pressure for new franchisees
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 15 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 6 |
| Mandatory arbitration | No |
| Arbitration location | Fort Worth, Texas |
| Jury trial waiver | Yes |
| Governing law | TX |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 30 hrs
- On-the-job training
- 0 hrs
- Training location
- Corporate headquarters in Fort Worth, Texas, or online/remote
- Ongoing training
- Required
- Site selection
- Franchisee selects site with franchisor guidelines and approval; franchisor provides site selection assistance and must approve proposed site and lease
- Franchisor financing
- Not offered
- Item 10
- POS system
- Mariana Tek
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Mariana Tek
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a BODYBAR Pilates franchise?
The total investment to open a BODYBAR Pilates franchise ranges from $390K – $759K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do BODYBAR Pilates franchise owners earn?
According to Item 19 of the BODYBAR Pilates FDD, the average gross sales per unit is $751K. The median is $733K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns BODYBAR Pilates?
BODYBAR Pilates is franchised by BODYBAR Franchising, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the BODYBAR Pilates FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the BODYBAR Pilates FDD and qualifies whose outlets they describe.
What is BODYBAR Pilates's franchise failure rate?
Based on SBA 7(a) loan data, BODYBAR Pilates has a charge-off rate of 0.0% across 56 loans, meaning 0.0% 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 BODYBAR Pilates franchise locations are there?
As of their most recent FDD filing, BODYBAR Pilates has 46 total units in the United States, including 46 franchised units and 0 company-owned units. 22 new units were opened in the latest reporting year.
Is BODYBAR Pilates a good franchise to buy?
FranchiseVerdict rates BODYBAR Pilates as a B-grade franchise with a verdict score of 61 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.
For franchisors
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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.