FranchiseVerdict
Gameday Men's Health logo
FV-01033·STRONGExcellent86

Gameday Men's Health

Health & Wellness - OtherFranchising since 2022Website
Investment
$225K – $410K
58th pct Other
Avg revenue
63rd pct Other
Royalty
Units
262
91st pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $225K – $410K including a $50K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 290 loans (below the industry average).
  • System growing at 1000.0% CAGR over 3 years with 262 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Ream Franchise Group, LLC
Parent company
Gameday Health Management, LLC
Incorporated in
California
HQ
5140 Avenida Encinas, Carlsbad, California 92008
Auditor
A&G LLP
Audited financials
Franchisor revenue
$841K
vs $11.6M prior year

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 Gameday Men's Health 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: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $225K–$410K
Working capital
$
FDD reports $55K–$75K

Unlevered ROIC · per unit

43%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$165K
EBITDA margin
22.0%
Total invested
$383K
Payback
28 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

Franchisees operate men's health clinics offering services such as testosterone replacement therapy, erectile dysfunction treatment, and related medical services. Day-to-day operations involve patient consultation, treatment administration, regulatory compliance, and staff management in a clinical setting.

CEO
Evan Miller
Founded
2021
FDD year
2025
States available
37

Item 7 · what it costs

The Vitals

Total investment
$225K – $410K
All-in to open one unit
Liquid capital
$55K – $75K
Cash you must have on hand
Franchise fee
$50K
Royalty
The greater of 6% of Clinic Gross Revenue or the Minimum …
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
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
262
Opened
243
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
5
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
Outlier (see FDD)
Likely small-sample artifact
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2023
257+242
Franchised units
2024
15
Franchised units
2025
1
Franchised units

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

Item 20 · 22 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 · 22 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.

Total loans
290
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

54
Risk · 0-100
STRONG54 / 100

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.

Score breakdown · what drove the 54 / 100 rating

  1. 01MINORExplosive unit growth (1613.3% YoY) suggests either massive expansion or aggressive recruitment ahead of system maturation—unsustainable or inflated figures warrant verification
  2. 02MEDNo Item 19 financial performance disclosure (Avg Revenue and Net Income not disclosed) prevents validation of ROI claims and profitability benchmarks
  3. 03HIGHLitigation naming parent entities (Ream Franchise Group, Gameday Health Management) despite removal requests indicates potential corporate liability exposure and employment practice vulnerabilities
  4. 04MEDHigh royalty structure (6% minimum + gross revenue trigger) with undisclosed average revenues creates unpredictable cost burden and cash flow risk
  5. 05HIGHGoing Concern status = False is ambiguous—unclear if franchisor or franchisee entities face solvency concerns
  6. 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

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

Contract & Territory Detail

Territory
Geographic area
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
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
Optional
Governing law
State where the clinic is located

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
16 hrs
POS system
QuickBooks Plus Online
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

84 numbers

Locked
(818) 939-••••
CA
(585) 737-••••
NY
(323) 919-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Gameday Men's Health · FDD (2025) PDF

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