Gameday Men's Health Franchise Cost, Revenue & Review 2026
- Investment
- $225K – $410K
- Disclosed sales
- not disclosed
- SBA charge-off
- Limited · 145 loans
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]. 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. 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 scored5 of 5 headline figures on this page cite a page of the filing.
Overview
- Investment
- $225K – $410K
- 47th pct Healthcare
- Avg gross sales
- N/A
- Royalty
- 6.0%
- 14th pct Healthcare
- Units
- 262
- 73rd pct Healthcare
- SBA charge-off
- N/A
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare 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 $225K – $410K including a $50K franchise fee, 6.0% 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 B (Above average), verdict score 68/100 (higher is better).
- GROWTHNegative, pipeline stalled: 292 agreements signed but not yet open against 262 open outlets (Item 20).
- 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
- FDD Item 1, page 9 of the 2025 FDD
- 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
- $11.6M
- vs $841K 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 is about typical for a healthcare franchise (near the category median).
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%
- Set by a 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 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 Gameday Men's Health 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 8.0% (near the Healthcare 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 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 medians
How Gameday Men's Health 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.
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
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.4%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 1
- Franchisor bought back
- Signed, not yet open
- 292
- 1.11 per open outlet · Item 20 Table 5
- Projected new
- 280
- Franchisor's next-year forecast
- 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.
Where the owners are · Item 20 owner list
230 current owners across 39 states.
- CA 39
- TX 19
- FL 18
- AZ 12
- CO 9
- GA 9
- NC 9
- OH 8
- MI 7
- NJ 7
- PA 7
- SC 7
- +27 more states
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
- 145
- Loan volume
- $30.4M
- Median loan
- $209K
- average
- Charge-off rate
- Limited · 145 loans
- Limited SBA coverage: 145 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 145 loans
- 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.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Gameday Men's Health from SBA 7(a) FOIA data.
Top SBA lenders
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 94 | $17.0M | 0.0% |
| 2 | First Bank of the Lake | 18 | $4.4M | N/A |
| 3 | VelocitySBA, LLC | 3 | $922K | N/A |
| 4 | John Marshall Bank | 3 | $870K | N/A |
| 5 | Wallis Bank | 3 | $847K | N/A |
| 6 | First Commonwealth Bank | 2 | $300K | N/A |
| 7 | DFCU Financial | 2 | $641K | N/A |
| 8 | Bank Five Nine | 2 | $300K | N/A |
| 9 | Citizens State Bank of La Crosse | 2 | $373K | 0.0% |
| 10 | New Frontier Bank | 2 | $80K | 0.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| CACalifornia | 27 | 0 | 0.0% |
| TXTexas | 21 | 0 | -- |
| FLFlorida | 12 | 0 | -- |
| AZArizona | 7 | 0 | -- |
| GAGeorgia | 7 | 0 | 0.0% |
| VAVirginia | 6 | 0 | -- |
| WIWisconsin | 6 | 0 | 0.0% |
| COColorado | 5 | 0 | -- |
| CTConnecticut | 5 | 0 | -- |
| MDMaryland | 5 | 0 | -- |
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
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)
Subject: the franchisor is a named party (defendant).
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)
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.
ⓘ 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 68 / 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
- 05MINORMedical/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 territory |
| 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
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 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 Gameday Men's Health?
Gameday Men's Health is franchised by Ream Franchise Group, LLC. Its parent company is Gameday Health Management, LLC. Source: FDD Item 1, 2025 filing.
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?
SBA 7(a) loan charge-off data is not available for Gameday Men's Health (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
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 B-grade franchise with a verdict score of 68 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.