Farrell’s Extreme Bodyshaping Franchise Cost, Revenue & Review 2026
- Investment
- $151K – $349K
- Disclosed sales
- not disclosed
- SBA charge-off
- 10.5%
- on 28 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Farrell's Extreme Bodyshaping is a fitness franchise offering 10-week transformation programs combining kickboxing, strength training, and nutrition coaching. Franchisees run the studios, managing coaches, classes, and member results.
FranchiseVerdict summary · 2026
A FARRELL’S EXTREME BODYSHAPING franchise requires a total initial investment of $151K – $349K, including a $40K franchise fee and an ongoing 7.5% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. SBA 7(a) loans show a 10.5% charge-off rate across 28 loans[1]. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Limited operating history: franchising since 2024. A system this young has fewer than three years of Item 20 outlet history and rarely enough SBA loans for a charge-off rate, so its grade rests on less evidence than an established system's. Read its Item 20 tables and talk to its first franchisees before relying on the grade. Other new franchisors
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 scored4 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $151K – $349K
- 26th pct Health & Fitn…
- Avg gross sales
- N/A
- Royalty
- 7.5%
- 69th pct Health & Fitn…
- Units
- 44
- 68th pct Health & Fitn…
- SBA charge-off
- 10.5%
- % 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 $151K – $349K including a $40K franchise fee, 7.5% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict C (Average), verdict score 41/100 (higher is better). SBA loan charge-off rate of 10.5% across 28 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHNegative: net -2 franchised outlets in the latest year (1 opened, 3 closed); 1 signed but not yet open (Item 20).
- FLAG3 units terminated last reporting year (6.8% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- FIT FRANCHISE BRANDS, LLC
- Parent company
- Max Transformation Holdings, LLC
- FDD Item 1, page 11 of the 2025 FDD
- Predecessor
- Farrell's eXtreme Bodyshaping, Inc.
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Bryan Klein
- Incorporated in
- NJ
- HQ
- Justin Corporate Center, Bldg. 2 #400, 200 Route 9 North, Manalapan, New Jersey 07726
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $3.6M
- vs $1.9M prior year
Affiliated brands
- MAX IP
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 11
1 other brand on this site name Max Transformation Holdings, LLC as parent or ultimate parent in their own FDD.
Grouped by the owner's name as each filing prints it (this page: the 2025 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Bryan Klein
- Headquarters
- NJ
- Founded
- 2013
- FDD year
- 2025
- States available
- 8
Can you afford it, and what does the money buy?
Entry cost runs 36% below 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 Fee | $40K | $40K | |
| Training Fee | $15K | $15K | |
| Pre-Registration Office | $0 | $5K | |
| Opening Advertising-Enrollment/First Three Months Local Advertising Expenditures | $27K | $27K | |
| Computer Equipment | $6K | $8K | |
| Grand Opening and Initial Inventory | $4K | $5K | |
| Insurance | $500 | $2K | |
| Signage | $6K | $18K | |
| Equipment and Furnishings | $23K | $38K | |
| Prepaid Rent and Security Deposit | $5K | $20K | |
| Leasehold Improvements/Fit out | $8K | $115K | |
| Utility Deposits | $1K | $2K | |
| Licenses and Permits; Fictitious Name Registration and/or Incorporation and Legal Review | $2K | $5K | |
| Initial Training Expenses; Travel, Lodging, Meals, etc. for Initial Training | $200 | $5K | |
| Additional Funds | $15K | $45K | |
| Total initial investment | $151K | $349K |
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
- $151K – $349K
- Top 40% of category vs category
- Liquid capital req'd
- $15K – $45K
- Top 40% of category vs category
- Franchise fee
- $40K – $40K
- Top 40% of category vs category
- Royalty
- 7.5%
- Set by a formula · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.5% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Technology fee | $599 |
| Training fee | $15K |
| Transfer fee | $20K |
| Renewal fee | $20K |
| Inventory (initial) | $4K – $5K |
| Total fee load | 9.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
FARRELL’S EXTREME BODYSHAPING makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one FARRELL’S EXTREME BODYSHAPING 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 annual revenue, 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.
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
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 9.0% (near the Health & Fitness median).
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System contracting at -12.0% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
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 Farrell’s Extreme Bodyshaping 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
- 44
- Opened
- 1
- Last reporting year
- Closed
- 3
- Terminated
- 3
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 6.8%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -12.0%
- Net unit change over 3 years
- 3-yr CAGR
- -12.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 3
- Not renewed
- 0
- Transferred
- 6
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 1
- 0.02 per open outlet · Item 20 Table 5
- Projected new
- 1
- Franchisor's next-year forecast
- Termination rate
- 5.8%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 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.
Where the owners are · Item 20 owner list
43 current owners across 9 states.
- MN 14
- IA 13
- NE 6
- IL 3
- CO 2
- WI 2
- AZ 1
- CA 1
- IN 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 28
- Loan volume
- $5.6M
- Median loan
- $200K
- average
- Charge-off rate
- 10.5%
- on 28 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)
- N/A
- 5-yr charge-off
- 50.0%
- Loans approved 2021+
- Active lenders
- 14
- Defaults
- 2
- Typical loan rate
- 6.8%
- avg rate to borrowers
- vs industry
- N/A
- Jobs supported
- 294
- Lender concentration
- N/A
Borrower mix: 31% went to startups / new businesses, 69% to established operators
Top lenders financing Farrell’s Extreme Bodyshaping franchisees
Showing 3 of 14 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 Farrell’s Extreme Bodyshaping from SBA 7(a) FOIA data.
- Avg interest rate
- 6.80%
- Avg chargeoff amount
- $386K
- Jobs supported
- 294
Top SBA lenders
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 6 | N/A | N/A |
| 2 | BankVista | 3 | N/A | N/A |
| 3 | Old National Bank | 3 | N/A | N/A |
| 4 | Farmers State Bank | 3 | N/A | N/A |
| 5 | The Huntington National Bank | 2 | N/A | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| MNMinnesota | 15 | 0 | -- |
| IAIowa | 7 | 0 | -- |
| TXTexas | 2 | 0 | -- |
| ILIllinois | 1 | 0 | -- |
| INIndiana | 1 | 0 | -- |
| SDSouth Dakota | 1 | 0 | -- |
| WIWisconsin | 1 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 10.5% — 34% 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
Declining franchisee base, withheld financial performance data, and high investment requirements relative to system size create meaningful profitability uncertainty.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total revenues of $3,617,577 (FY2024) comprise royalties $1,496,254, technology fees $415,333, ENE fees $411,381, call center fees $410,563, brand fund fees $289,059, transfer and termination fees $246,271, franchise fees $139,920, other franchise related fees $109,874, and rebate income $98,922. Franchisor reports a member's deficit (negative net worth) of $(285,276).
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 41 / 100 verdict
- 01MINORDeclining unit count (-4.3% YoY) indicates system contraction and potential market saturation or operational challenges
- 02MINORNo average revenue or net income disclosure (Item 19) prevents realistic ROI assessment and suggests franchisor may be withholding unfavorable performance data
- 03MEDHigh initial investment range ($151k-$349k) combined with undisclosed profitability creates significant financial risk with unclear return potential
- 04MINORMandatory monthly minimums ($600-$1,100) create fixed costs even during low-revenue periods, reducing franchisee flexibility
- 05MINORFitness/bodyshaping market is highly competitive with low barriers to entry; many direct competitors operate without franchise model
- 06MINOR44-unit system is relatively small, limiting brand recognition, marketing leverage, and support infrastructure
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 | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | Yes |
| Arbitration location | New Jersey |
| Jury trial waiver | Yes |
| Governing law | NJ |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 5 hrs
- Training location
- Monmouth, Middlesex, or Ocean County, New Jersey
- Ongoing training
- Required
- Site selection
- Franchisee selects, franchisor approves
- Franchisor financing
- Not offered
- Item 10
- POS system
- ClubReady
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: ClubReady
Item 20 · call current owners
Franchisee Contacts
43 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 FARRELL’S EXTREME BODYSHAPING franchise?
The total investment to open a FARRELL’S EXTREME BODYSHAPING franchise ranges from $151K – $349K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do FARRELL’S EXTREME BODYSHAPING franchise owners earn?
FARRELL’S EXTREME BODYSHAPING makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns FARRELL’S EXTREME BODYSHAPING?
FARRELL’S EXTREME BODYSHAPING is franchised by FIT FRANCHISE BRANDS, LLC. Its parent company is Max Transformation Holdings, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the FARRELL’S EXTREME BODYSHAPING 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 FARRELL’S EXTREME BODYSHAPING FDD and qualifies whose outlets they describe.
What is FARRELL’S EXTREME BODYSHAPING's franchise failure rate?
Based on SBA 7(a) loan data, FARRELL’S EXTREME BODYSHAPING has a charge-off rate of 10.5% across 28 loans, meaning 10.5% 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 FARRELL’S EXTREME BODYSHAPING franchise locations are there?
As of their most recent FDD filing, FARRELL’S EXTREME BODYSHAPING has 44 total units in the United States, including 44 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is FARRELL’S EXTREME BODYSHAPING a good franchise to buy?
FranchiseVerdict rates FARRELL’S EXTREME BODYSHAPING as a C-grade franchise with a verdict score of 41 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
Are you the franchisor?
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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.