Fyzical Franchise Cost & 2025 FDD Data
94/100
Strongest tier
94 this brand49 Healthcare medianlikely 90–98 (high confidence)
Higher is better · an editorial assessment, not investment advice
#36 of 3,068 graded brands
Why an A: Helped by unit growth, scale, legal record and transparency. See all six factors
- Total investment
- $168K – $419K
- Avg gross sales
- $604K
- 213 2024 Franchisee-Owned Centers; not profit
- SBA charge-off
- 0.0%
None of the 19 resolved SBA 7(a) loans to Fyzical owners charged off (approved since FY1991); Healthcare median 7.3%. Loans approved FY2016–FY2022: 0 of 15 resolved loans charged off (0.0%); newer loans have not had time to default, so this is not a trend.
Data from the FDD filing + SBA 7(a) records. Analysis by FranchiseVerdict · Methodology · Website · Report an error · Franchisor? Claim this listing
FranchiseVerdict summary · 2025 FDD
Per the 2025 FDD, a Fyzical franchise requires a total initial investment of $168K – $419K, including a $49K franchise fee. Once open, the ongoing royalty is 6.0%. Per the 2025 FDD, average gross sales were $604K (Item 19: 213 2024 Franchisee-Owned Centers; gross sales, not profit). SBA 7(a) loans show a 0.0% charge-off rate on 19 resolved loans. Verdict grade: A (Strongest tier), an editorial assessment, not investment advice.
Sources: 2025 FDD · SBA 7(a) loan records (FOIA) · What one unit could make and lose →
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 for the headline figures: 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
Quick verdict · vs Healthcare median
Top edge: green = better than the Healthcare median by more than 10%, red = worse by more than 10%, gray = within 10% or no benchmark. Source: FDD filings + SBA 7(a).
Data from public FDD filings and SBA records. Methodology
Bottom line
- RETURNSAverage gross sales of $604K/year (outlet median $450K; Item 19: 213 2024 Franchisee-Owned Centers; gross sales, not profit).
- GROWTHIn the latest Item 20 year, the number of franchised outlets grew by 29 (81 opened, 52 closed).
- FLAG35 units terminated last reporting year (7.1% of the franchised outlets open at the start of that year). Ask existing franchisees why.
AT STAKEOne unit at the Item 7 midpoint: $38K a year in payments on assumed SBA 7(a)-style terms.You put in about $59K of your own cash and personally guarantee a $235K loan. Assumptions are labeled in Sales; not investment advice.See what one unit could make and lose
Things to check before you sign (2)
- 2 pending matters name the franchisor in Item 3 (litigation). Pending claims are allegations, not findings; for a system this size the score counts the legal record in the brand's favour. Read the matter in Item 3.
- The franchisor keeps the right to compete inside your territory (Item 12, territory).
Checked and clear: no auditor doubt that the franchisor can keep operating, no net loss of franchised outlets in the latest Item 20 years, SBA charge-off rate 0.0%, below the 7.3% category median, no supplier rebates to the franchisor, no rule that the owner must run it personally and the full filing on file, and an Item 19 average from 213 units. Not on file here, so ask: jury-trial waiver.
What to do next
Step 1: Read the FDD itself.
Free: the franchisor must give it to you at least 14 days before you sign or pay. Or look it up in a state registry (Wisconsin, Minnesota, California). What to read first.
Step 2: Talk to current and former owners.
Free: Item 20 of the FDD lists every current owner and those who left last year, most with a phone number. Questions to ask.
Shortcut: the Fyzical owner list as a CSV, in the Contacts section.
Step 3: Talk to an SBA lender.
Free: the SBA's Lender Match, or the lenders already lending to this brand in the SBA section. Ask what you would personally guarantee and what the monthly payment would be. If you plan to use retirement savings, ask a CPA about the rules for that first.
Step 4: Have a franchise attorney review the FDD and agreement.
Free: your state bar's lawyer referral service can name franchise lawyers, and many offer a short first consultation. Bring the checks listed above.
Research steps, not investment or legal advice.
Can you afford it, and what does the money buy?
Entry cost (the Item 7 midpoint) is 16% below the Healthcare median ($351K).
Source: FDD 2025 · Items 5–7 (fees and startup costs)
Do you qualify? The filing states no minimum net worth or liquid capital. Ask FYZICAL, LLC (Item 1: 1751 Mound Street, Suite 102, Sarasota, Florida 34236) and your lender what they require, and keep living costs for the first year outside the deal.
Full Item 7 breakdown13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $49K | $49K | |
| Grand Opening Marketing Fund | $5K | $18K | |
| Training Expenses (including reasonable food, lodging & travel - per person) | $1.75K | $5K | |
| Lease Deposit & Rent | $2.6K | $5.6K | |
| Build Out & Improvements | $65K | $180K | |
| Security System | $500 | $2K | |
| Computer System | $1K | $3K | |
| Furniture, Fixtures and Equipment | $11K | $76K | |
| Signage, Branding, Design | $2K | $15K | |
| Utility Deposits, Business Licenses & Other Prepaid Expenses | $1K | $5K | |
| Insurance (12 months) | $3K | $5K | |
| Miscellaneous Opening Costs | $1K | $5K | |
| Additional Funds (5 months) (9) | $25K | $50K | |
| Total initial investment | $168K | $419K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. The total row is the total as printed in Item 7. Actual costs may fall outside this range depending on market and build-out scope.
Item 6 · what you pay once you are open
Ongoing fees
| Fee | Amount |
|---|---|
| RoyaltyPercentage of sales; paid monthly (Item 6). Minimum: Minimum monthly royalty floors of $1,000 (Yr1), $2,000 (Yr2), $3,000 (Yr3-10) apply if percentage royalty is lower. | 6.0% of gross revenues |
Marketing / ad fundThe filing's detailBrand-wide marketing pool. Marketing Fund Contribution currently not charged; estimated up to 2% of Gross Revenue per month once initiated. If based on per-Therapist fee instead of Gross Revenue: $133 per Therapist per month. | 0.0% of gross revenues |
| Technology feesFYZICAL Business Intelligence Program: currently not charged; estimated $500/month with optional enhanced services at $150/user additional. | See the list |
| Total fee loadbelow the Healthcare median of 8.0% (lean) | 6.0% of sales |
A 6.0% total fee load is below the Healthcare median of 8.0% (lean). More of each revenue dollar stays with the franchisee.
What do units actually make?
Average gross sales are 15% below the Healthcare median ($715K).
Source: FDD 2025 · Item 19 (sales and earnings)
Items 6 (other fees), 7 (startup costs) and 19 (sales and earnings) · assumptions labeled
What you could make and lose: one unit
What one Fyzical unit would ask of you, from the filing's Item 7 total and labeled assumptions.
Average gross sales are $604K (FDD p.55), and the royalty and ad fund take about $36K of that a year (Item 6). This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. So this box does not estimate a profit. To cover the loan payment alone, one unit has to clear $38K a year after its food, labor, rent and other costs and the franchisor's fees.
How these figures are worked out
- Loan (assumption): 80% of the $293K Item 7 midpoint is a $235K loan, paid over 10 years at 10.5%: $38K a year. SBA 7(a)-style terms on a long-term rate; your lender sets yours. Fyzical's past SBA 7(a) loans averaged 8.0% at approval; 7(a) rates move with the prime rate, so 10.5% is a current-rate assumption, not this brand's history.
What you put at risk
Your own cash in: about $59K Assumption (the part the loan does not cover of the $293K Item 7 midpoint), plus whatever anything Item 7 leaves out (its notes say what). The loan is $235K.
Personal guarantee. SBA 7(a) loans require a personal guarantee from anyone who owns 20% or more of the business. If the unit cannot pay, the lender can collect from you personally, which can include your savings and your home. The worst case is losing the cash you put in and still owing the rest of the loan.
Gross sales are not profit, and none of these figures is take-home pay until tax and every operating cost are paid. The assumptions are ours, not the filing's. Not investment advice.
Returns modelOne unit · several units · editable
One unit
One unit: what is left after the loan payment
Gross sales, minus the franchisor's fees and the operating costs, is the unit's EBITDA (earnings before interest, taxes, depreciation and amortization). Minus an assumed loan payment, that is what is left for you, before tax. Gross sales are not profit.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners. Invested capital is the Item 7 total, which already includes its working-capital (additional funds) line.
Returns model · one unit
What would one Fyzical unit leave you each year after the loan payment?
Item 19: $604,438 average for 213 outlets (2024 Franchisee-Owned Centers). Use a figure for outlets like yours if yours differ.
Gross sales, not profit: the costs below decide what is left.
The filing also sets a minimum or cap on these fees: “Minimum monthly royalty floors of $1,000 (Yr1), $2,000 (Yr2), $3,000 (Yr3-10) apply if percentage royalty is lower.”; “Greater of flat monthly fee or 6% of Gross Revenue: Year 1 greater of $1,000/mo or 6%; Year 2 greater of $2,000/mo or 6%; Years 3-10 greater of $3,000/mo or 6%. Development Rights Rider franchisees (5+ Centers) pay a discounted rate: greater of same flat fees or 3.9% of Gross Revenue.” (Item 6). This model applies the percentages, so at low sales the real fee can be higher than shown here.
This brand's Item 19 does not print cost lines. Enter your own from a lease quote, a payroll plan and calls with current owners.
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.
Item 7 midpoint of $168K to $419K
Item 7's $25K to $150K additional funds are already in the total
Left after the loan payment · per year
The unit's EBITDA minus the assumed loan payment. Before tax, depreciation and any cost your inputs leave out (insurance, accounting and legal, licenses, technology fees): not take-home pay.
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies direct costs, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
Loan of $235K at 10.5% over 10 years, an assumption, not a quote. Return and payback are before tax, depreciation and the costs above. The loan usually needs your personal guarantee.
Buying several existing units? The acquisition scenario
Buying several units
What buying a few existing units could return
Prices an existing operator of a few units off the single-unit EBITDA above, after shared services, and finances it with an SBA 7(a) loan, a conventional loan and a seller note. It shows the yearly return on your cash (IRR), whether year-1 earnings cover the loan payments (DSCR) and how the price is paid for. It starts at 5 units; every deal term is an assumption you can change, and none is from the FDD.
Not modelled yet
Gross sales are not profit. Neither the filing nor a stated assumption on this page supplies direct costs, labor, rent / occupancy and other operating costs. Enter your own (a lease quote, owner calls) and the model runs on it.
This scenario starts from a per-unit EBITDA. Fill in the operating costs in the one-unit model above and it runs on that figure, or take it to the full ROI workbench, where the multi-unit and acquisition models accept your own per-unit economics.
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 · filed by FYZICAL, LLC
Financial performance
- Range (low → high)
- $28K→$3.8MSource: 2025 FDD, page 55
- Cohort dispersion (min → max)
Percentile ranks within Healthcare
Each rank is among the Healthcare brands that report that figure (the count is under each bar).
vs Healthcare medians
How Fyzical compares
Category median of published Healthcare 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.
Who are you contracting with?
FYZICAL, LLC, owned by Fyzical Acquisition Holdings LLC.
Item 1 (the franchisor) · who you're contracting with
The franchisor
Corporate structure & franchisor financials
- Legal entity
- FYZICAL, LLC
- Parent company
- Fyzical Acquisition Holdings LLC
- FDD Item 1, page 8 of the 2025 FDD
- Ultimate parent
- New Harbor Capital, LLC (via investment funds)
- CEO title
- Chief Executive Officer
- Wayne Cavanaugh
- Incorporated in
- Delaware
- HQ
- 1751 Mound Street, Suite 102, Sarasota, Florida 34236
- Franchisor revenue
- $16.9M
- latest fiscal year in the 2025 FDD; $15.1M the year before
Overview
About
Franchisor of FYZICAL Centers offering physical therapy, medically-based physical wellness, rehabilitation, pain management, balance retraining/fall prevention, and sports rehabilitation services through licensed physical therapists.
- CEO
- Wayne Cavanaugh
Is the system healthy?
+79 franchised outlets over the two years to 2024 (444 to 523, +17.8% in total, +8.5% a year compounded).
Source: FDD 2025 · Item 20 (outlets opened, closed and transferred)
Item 20 (outlet counts) · unit dynamics
The growth chart
- Company-owned
- 56
- Corporate units in the system
- % franchised
- 90%
- vs corporate-owned
Last fiscal year · Item 20 rates and pipeline
- Reacquired
- 0
- Franchisor bought back
Item 20 · franchised units at year end
Franchised units rose from 444 in 2022 to 523 in 2024
Axis does not start at zero.
Source and method
Item 20 (outlet counts) outlets · 38 states
Where current outlets are
States with at least one current outlet in the Item 20 list the franchisor prints. Former owners are not counted, and this is not a list of where the franchisor may sell new units.
Current outlets (count on the tile) · 37 states and DCNo current outlet
362 current outlets in 38 states: the 362 on the owner list, of 523 franchised at year end (Item 20), run by 276 franchisee companies. 28 former owners (terminated, transferred, not renewed or otherwise left) listed separately.
Counts only, from the list the franchisor prints in Item 20. The contact details are for your own due diligence and are not shown here.
Government records
SBA loan data
Lenders charged off 0.0% of 19 resolved SBA 7(a) loans, below the 7.3% category median. 7(a) is the SBA's main small-business loan; a resolved loan was paid in full or charged off.
- Loans on file
- 95
- SBA 7(a) loans matched to this brand, incl. those still being repaid
- Loan volume
- $21.6M
- Average loan
- $227K
- loan volume divided by loans
- Charge-off rate
- 0.0%
- 0 of 19 resolved loans
- Paid in full
- 100.0%
- of resolved loans
- Charge-off, loans approved FY2016–FY2022
- 0.0%
- 0 of 15 resolved loans; newer loans have not had time to default, so this is not a trend
- Lenders
- 30
- Average interest rate
- 8.0%
- Jobs reported
- 712
- Lender concentration
- 46%
- top lender's share
Cumulative: every 7(a) loan matched to this brand in the SBA’s FOIA files, approved FY1991 onward. Historical lending data, not predictive of future performance. How SBA charge-off rates are calculated
Benchmark: the median Healthcare brand charges off 7.3% (11 brands with a published rate, same cumulative window and source). This brand is 7.3 points below it.
The approval-year breakdown covers 15 of the 19 resolved loans and 0 of the 0 charge-offs (FY2016 to FY2022).
SBA 7(a) · charge-off rate by approval year
Fyzical charge-off rate by loan approval year
None of these 4 approval years has 10 or more resolved loans, too few to draw a trend. Each year’s numbers are in the table below.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 2016 | 3 | 0 | Too few |
| 2020 | 3 | 0 | Too early |
| 2021 | 5 | 0 | Too early |
| 2022 | 4 | 0 | Too early |
Source and method
Top lenders financing Fyzical franchisees Each lender’s rate counts only its own resolved loans; a 0.0% often means few of that lender’s loans have been resolved, not that none will fail. A lender with fewer than 10 resolved loans reads “Too few”.
Showing 3 of 30 lenders. The full SBA lending report below lists the top 10 by loan count, with states and the yearly trend.
Explore lender portfolios on Bank Reports or regional data on State Reports.
With a charge-off rate of 0.0% on 19 resolved loans, very few of this brand's SBA 7(a) loans have been charged off.
What are the risks?
None of the 19 resolved SBA 7(a) loans has charged off, against the Healthcare median of 7.3% (11 brands).
Source: SBA 7(a) FOIA · FDD Items 3, 21
Verdict grade + FDD Items 3 (litigation), 4 (bankruptcy), 8 (required suppliers), 16 (what you may sell), 21 (audited financials)
Risk and legal
Grade A: Strongest tier, 94/100 (category median 49); the full grade is at the top of the page.
How the grade is built
Why an A, factor by factor
- Financial health NeutralAudited financials; no going-concern doubt; franchisor net income positive; negative net worth
- Unit economics NeutralAvg gross sales $604K on a $293K investment midpoint, 2.1x (gross sales, not profit)
- Unit growth Helps+79 franchised outlets over the two years to 2024 (444 to 523, +17.8% in total, +8.5% a year compounded); turnover 9.0%
- Scale Helps523 franchised units, +56 company-owned (579 in all); franchising since 2013
- Legal Helps3 matters naming the franchisor among the Item 3 matters we list (0.5 per 100 outlets)
- Transparency HelpsItem 19 discloses financial performance; audited financials
- Adjustments after the six dimensions (+10 points)SBA loan record: the SBA charge-off rate (0.0% on 19 resolved loans) is under 2%, a range the score counts in a brand's favour, so it added 10 points.
From the six scored dimensions, an editorial assessment, not investment advice. How the score is built
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Three disclosed cases: (1) Merissa Kihnke (former in-house counsel) whistleblower retaliation claims, first case dismissed without prejudice, refiled with franchisor counterclaim pending; (2) Dr. Christopher Mulvey whistleblower retaliation suit, stayed pending Florida Supreme Court decision; (3) PG Therapy LLC (franchisee) breach of contract/misrepresentation suit, settled January 2026 with franchisor paying $50,000.
Largest disclosed settlement in the franchisor's own cases: $50,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes
Supplier relationship · Items 8 & 16
Ask what the franchisor earns on the supplies it sells you or the rebates it takes (Item 8).
- Franchisor sells you products: Yes
- Franchisor takes supplier rebates: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Litigation case detail3 matters · Item 3
Litigation cases
The franchisor
Pending (2)
Dr. Christopher Mulvey v. FYZICAL, LLC
pendingBrought by a third party · filed 2024-09-05 · U.S. District Court, Middle District of Florida · 2:24-cv-00372
“… (Case No. 2:24-cv-00372 (United States District Court, Middle District of Florida)).”Page 15 of the 2025 FDD, Item 3
Merissa Kihnke v. FYZICAL, LLC and FYZICAL Acquisition Holdings, LLC
pendingBrought by a third party · filed 2023-09-20 · Circuit Court of the Twelfth Judicial Circuit, Sarasota County, Florida · 2023 CA 006891 NC; 2025 CA 004020 NC
“… (Case No. 2023 CA 006891 NC (Circuit Court of the Twelfth Judicial Circuit, Sarasota County, Florida)).”Page 14 of the 2025 FDD, Item 3
Concluded (1)
PG Therapy LLC v. FYZICAL, LLC
settledBrought by a franchisee · filed 2024-08-24 · Twelfth Judicial Circuit, Sarasota County, Florida · 24-CA-004357
“… (Case No.: 24-CA-004357 (Twelfth Judicial Circuit in and for Sarasota County, Florida)). On August 24, 2024, PG Therapy LLC, a franchisee of FYZICAL, filed a complaint asserting causes of action for breach of contract,”Page 15 of the 2025 FDD, Item 3
Outcome: “the parties entered into a mutual settlement and release agreement pursuant to which we paid $50,000 to the plaintiff. Other than these actions, no litigation is required to be disclosed in this Item ITEM 4.”
Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before your own operating costs.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12 (territory), 15 (owner participation) and 17 (renewal, termination and disputes)
Contract and territory detail
| Allowed renewals | 2 |
|---|---|
| Protected territory | Yes, on conditions |
| Territory condition | Protected Area is a radius around the Center encompassing a population of approximately 40,000; not exclusive (franchisor retains rights outside Protected Area and for Alternative Channels of Distribution); may be terminated/reduced if Minimum Performance Standards not met starting Year 2 ($100K Yr2 up to $400K Yr5+ minimum annual gross revenue). |
| Exclusive territory | No |
| Territory population | 40,000 |
| Franchisor can compete | Yes |
| Who runs it (Item 15) | A manager may run it |
| Non-compete (years) | 2 years |
| Non-compete (miles) | 15 mi |
| Right of first refusal | Yes |
| RoFR response window | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination grounds | 17 |
| Mandatory arbitration | No |
| Governing law | Florida |
Items 10 (financing), 11 (training and support)
Training and operations
- Classroom training
- 34 hrs
- Training location
- Sarasota, Florida (FYZICAL HQ)
- Ongoing training
- Required
- Site selection
- franchisor approval of site within Search Area (up to 3-mile radius)
- Franchisor financing
- Offered
- Item 10
Items 5 (initial fees) & 11 (training and support)
Franchisor support
Item 20 (outlet counts) · call current owners
Franchisee contacts
Who can you call before you sign?
362 current outlets listed, run by 276 franchisee companies
Each record has the franchisee (company or owner name as the filing prints it), phone number, city and state. 390 records: 362 current outlets + 28 former owners (terminated, transferred, not renewed or otherwise left). From the filing's Item 20 (the outlet list); the FDD itself is the free source. Our list covers 362 of the 523 franchised outlets Item 20 counts at year end; the owner exhibit prints the rest without a usable phone number, or omits them.
For your own due-diligence calls only. Not for telemarketing, marketing lists, or automated or prerecorded calls or texts.
One-time · CSV download · full refund within 7 days if the data does not match the FDD. Some numbers, especially for former owners, may be outdated.
Frequently asked questions
How much does it cost to open a Fyzical franchise?
Per the 2025 FDD, the total investment to open a Fyzical franchise ranges from $168K to $419K, with an initial franchise fee of $49K. This is the Item 7 total in the Franchise Disclosure Document (FDD): the startup costs the franchisor lists, such as build-out, equipment, inventory and working capital. It usually leaves out buying land or a building; Item 7's notes say what is excluded.
What do Fyzical franchise owners earn?
According to Item 19 of the Fyzical FDD, average gross sales were $604K (213 2024 Franchisee-Owned Centers; gross sales, not profit). The median is $450K. What an owner keeps depends on location, operating costs and management.
Who owns Fyzical?
Fyzical is franchised by FYZICAL, LLC. Its parent company is Fyzical Acquisition Holdings LLC. The ultimate parent named in the FDD is New Harbor Capital, LLC (via investment funds). Source: FDD Item 1, 2025 filing.
What is Item 19 in the Fyzical 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 Fyzical FDD and qualifies whose outlets they describe.
What is Fyzical's franchise failure rate?
There is no published franchise failure rate. What is measurable is Fyzical's SBA charge-off rate: 0.0% on 19 resolved loans. Put plainly: None of the 19 resolved SBA 7(a) loans to Fyzical owners charged off (approved since FY1991); loans approved FY2016–FY2022: 0 of 15 resolved loans charged off (0.0%); newer loans have not had time to default, so this is not a trend. The SBA charge-off rate is the share of a brand's resolved SBA 7(a) loans to its franchisees that the SBA wrote off, including purchased guarantees. Resolved means paid in full or charged off; active loans are excluded because their outcome is not yet known. It is a lending outcome, not a count of closed businesses. A franchisee can repay and close, or default and keep trading.
How many Fyzical franchise locations are there?
Per the 2025 FDD, Fyzical has 523 franchised units and 56 company-owned (579 in all). In the latest year, the number of franchised outlets grew by 29 (81 opened, 52 closed).
Is Fyzical a good franchise to buy?
FranchiseVerdict gives Fyzical an A Verdict grade (Strongest tier) with a verdict score of 94 out of 100 (higher is better), an editorial assessment, not investment advice. Helped by unit growth (+79 franchised outlets over the two years to 2024: 444 to 523, +17.8% in total, +8.5% a year compounded), scale, legal record and transparency. The “Why an A” section on this page lists all six dimensions and any adjustment. Speak with current franchisees before making any investment decision.
Other Healthcare franchises
Similar investment first, then by grade
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.