Gameday Men's Health Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Gameday Men's Health is a healthcare franchise operating men's clinics focused on testosterone replacement, ED treatment, and related men's wellness. Franchisees run clinics managing providers, patient consults, treatments, and compliance.
FranchiseVerdict summary · 2026
A Gameday Men's Health franchise requires a total initial investment of $225K – $410K, including a $30K – $50K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 0.0% charge-off rate across 145 loans[1]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $225K – $410K
- 48th pct Healthcare
- Avg gross sales
- N/A
- Royalty
- 6.0%
- 11th pct Healthcare
- Units
- 262
- 74th pct Healthcare
- SBA charge-off
- 0.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare avg · 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 $225K – $410K including a $50K franchise fee, 6.0% ongoing royalty.
- RETURNSItem 21 references unaudited financial statements as of June 30, 2025 (Exhibit E, stated 'prepared without an audit, no CPA opinion') plus audited statements as of Dec 31, 2024/2023/2022. However the Exhibit E financial statement pages in this OCR text are blank/scanned images, so no balance sheet, income statement, net worth, or auditor figures are extractable. Franchisor is Ream Franchise Group, LLC; parent is Gameday Health Management, LLC.
- RISKVerdict A (Strongest tier), verdict score 78/100 (higher is better). SBA loan charge-off rate of 0.0% across 145 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHSystem growing at 25600.0% CAGR over 3 years with 262 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Ream Franchise Group, LLC
- Parent company
- Gameday Health Management, LLC
- CEO title
- Chief Executive Officer
- Evan Miller
- CEO experience
- 2021 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- CA
- HQ
- 5140 Avenida Encinas, Carlsbad, California 92008
- Auditor
- A&G LLP
- Audited financials
- Franchisor revenue
- $841K
- vs $11.6M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Evan Miller
- Headquarters
- CA
- Founded
- 2021
- FDD year
- 2025
- States available
- 37
Can you afford it, and what does the money buy?
Entry cost runs 24% below the typical healthcare franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $55K | $75K |
| Equipment, build-out, other | $120K | $286K |
| Total initial investment | $225K | $410K |
Source: Gameday Men's Health 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $225K – $410K
- Middle of category vs category
- Liquid capital req'd
- $55K – $75K
- Middle of category vs category
- Franchise fee
- $30K – $50K
- Top 40% of category vs category
- Royalty
- 6.0%
- formula · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $250 |
| Training fee | $500 |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Inventory (initial) | $0 – $6K |
| Total fee load | 8.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Gameday Men's Health did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Gameday Men's Health unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
33%
Within the 30–60% "attractive franchise" band
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
Item 21 references unaudited financial statements as of June 30, 2025 (Exhibit E, stated 'prepared without an audit, no CPA opinion') plus audited statements as of Dec 31, 2024/2023/2022. However the Exhibit E financial statement pages in this OCR text are blank/scanned images, so no balance sheet, income statement, net worth, or auditor figures are extractable. Franchisor is Ream Franchise Group, LLC; parent is Gameday Health Management, LLC.
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 8.0% (near the Healthcare average).
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 25600.0% CAGR over 3 years across 262 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 Healthcare averages
How Gameday Men's Health Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 262
- Opened
- 243
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 243
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 1
- Franchisor bought back
- Continuity rate
- 99.6%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 39 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 145
- Loan volume
- $30.4M
- Median loan
- $209K
- average
- Charge-off rate
- 0.0%
- 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
- 0.0%
- Loans approved 2021+
- Active lenders
- 23
- Defaults
- 0
Vintage analysis
Gameday Men's Health charge-off rate by loan vintage
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
Top lenders financing Gameday Men's Health franchisees
Showing 3 of 23 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.
Premium insight
SBA Lending Report
Deep-dive into Gameday Men's Health's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 20 states
- Startup risk premium and job creation velocity
Instant access. No subscription.
With a 0.0% charge-off rate across 145 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
Hypergrowth expansion with opaque financials, employment litigation exposure, and no Item 19 disclosure creates material risk that actual unit economics and system stability cannot be independently verified.
Litigation (Item 3)
Kelly Jernigan v. Warm Waters Medical, P.C., et al (24CU00448C, San Diego Superior Court, filed July 17, 2024) - former employee of franchisee-managed clinic alleging wrongful termination, retaliation, and unfair business practices. Franchisor requested removal from case as it did not employ plaintiff or manage the clinic.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · A&G LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 78 / 100 verdict
- 01MINORExplosive unit growth (1613.3% YoY) suggests either massive expansion or aggressive recruitment ahead of system maturation—unsustainable or inflated figures warrant verification
- 02MEDNo Item 19 financial performance disclosure (Avg Revenue and Net Income not disclosed) prevents validation of ROI claims and profitability benchmarks
- 03HIGHLitigation naming parent entities (Ream Franchise Group, Gameday Health Management) despite removal requests indicates potential corporate liability exposure and employment practice vulnerabilities
- 04MEDHigh royalty structure (6% minimum + gross revenue trigger) with undisclosed average revenues creates unpredictable cost burden and cash flow risk
- 05HIGHGoing Concern status = False is ambiguous—unclear if franchisor or franchisee entities face solvency concerns
- 06MINORMedical/healthcare franchise model carries inherent compliance, licensing, and malpractice risks not typical of service franchises
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% 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 | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 3 mi |
| Territory population | 100,000 |
| 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 | 5 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | Within 15 miles of franchisor's headquarters (currently Carlsbad, California) |
| Jury trial waiver | Yes |
| Governing law | State where franchisee's clinic is located |
| Litigation count | 1 |
View Item 3 litigation summary
Kelly Jernigan v. Warm Waters Medical, P.C., et al (24CU00448C, San Diego Superior Court, filed July 17, 2024) - former employee of franchisee-managed clinic alleging wrongful termination, retaliation, and unfair business practices. Franchisor requested removal from case as it did not employ plaintiff or manage the clinic.
Items 10, 11
Training & Operations
- Classroom training
- 13 hrs
- On-the-job training
- 8 hrs
- Training location
- Virtually and/or in-person at designated sites in California, Colorado, Texas, or Florida
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- Site selection
- Franchisee selects; franchisor approves
- Franchisor financing
- Not offered
- Item 10
- POS system
- QuickBooks Plus Online
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: QuickBooks Plus Online
Item 20 · call current owners
Franchisee Contacts
230 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Gameday Men's Health · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Gameday Men's Health franchise?
The total investment to open a Gameday Men's Health franchise ranges from $225K – $410K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Gameday Men's Health franchise owners earn?
Gameday Men's Health does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Gameday Men's Health 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 Gameday Men's Health FDD and qualifies whose outlets they describe.
What is Gameday Men's Health's franchise failure rate?
Based on SBA 7(a) loan data, Gameday Men's Health has a charge-off rate of 0.0% across 145 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 Gameday Men's Health franchise locations are there?
As of their most recent FDD filing, Gameday Men's Health has 262 total units in the United States, including 257 franchised units and 5 company-owned units. 243 new units were opened in the latest reporting year.
Is Gameday Men's Health a good franchise to buy?
FranchiseVerdict rates Gameday Men's Health as a A-grade franchise with a verdict score of 78 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.