FranchiseVerdict
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FV-00972·CAUTIONStandard76

Fm2050

RetailFranchising since 2025Website
Investment
$164K – $283K
37th pct Retail
Avg revenue
53rd pct Retail
Royalty
5.0%
15th pct Retail
Units
4
9th pct Retail
SBA default

Bottom line

  • Total investment $164K – $283K including a $40K franchise fee, 5.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 72/100.
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Biggie Works Inc
Incorporated in
California
HQ
5171 Lincoln Ave, Cypress, CA 90630

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 FM2050 unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $164K–$283K
Working capital
$
FDD reports $10K–$20K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$60K
EBITDA margin
8.0%
Total invested
$238K
Payback
48 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

FM2050 appears to be a fitness/wellness franchise (likely '2050' relates to health/longevity trends), though the specific business model is not provided. Franchisees likely operate a fitness facility, training center, or wellness studio, managing day-to-day operations including member/client services, staff management, facility maintenance, and marketing. Without disclosed financials, the actual revenue drivers and operational complexity remain unclear.

CEO
Heather J. Lim
Founded
2025
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$164K – $283K
All-in to open one unit
Liquid capital
$10K – $20K
Cash you must have on hand
Franchise fee
$40K
Royalty
5.0%
Gross Sales or Square Footage Minimum · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
4
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
4
Corporate units in the system
% franchised
0%
vs corporate-owned
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 12 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 12 states
Not registered

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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

72
Risk · 0-100
CAUTION72 / 100

HIGH RISK: Pre-revenue or struggling system with going concern issues, minimal unit base, zero financial transparency, and punitive royalty structure creating unsustainable fixed costs.

Score breakdown · what drove the 72 / 100 rating

  1. 01HIGHGoing Concern status is FALSE — indicates potential financial distress or legal/operational issues at corporate level
  2. 02MINOROnly 4 units system-wide suggests either pre-launch stage or severe underperformance and lack of franchisee retention
  3. 03MINORNo average revenue or net income disclosure (no Item 19) makes ROI projections impossible and prevents validation of $163,700-$282,800 investment viability
  4. 04MINORRoyalty structure with $20/sq ft annual minimum is unusually high and creates fixed costs unrelated to actual sales performance
  5. 05MEDFranchise fee of $40,000 combined with high minimum royalties creates significant breakeven burden with no disclosed unit economics
  6. 06MINOR10-year term is long commitment given minimal system traction and no disclosure of franchisee success rates
  7. 07MINORUnknown growth trajectory with only 4 units provides no evidence of scalability or market validation

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
California

Item 11

Training & Operations

Classroom training
9 hrs
On-the-job training
10 hrs
POS system
Shopify POS System
Operating tech stack

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

12 numbers

Locked
(701) 328-••••
ND
(312) 814-••••
IL
(651) 296-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

FM2050 · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above