FranchiseVerdict
HAVEN™ logo
FV-01165·MODERATEExcellent95

Haven™

Health & FitnessFranchising since 2023Website
Investment
$788K – $4.5M
93rd pct Health & Fitn…
Avg revenue
$1.6M
53rd pct Health & Fitn…
Royalty
7.0%
27th pct Health & Fitn…
Units
2
12th pct Health & Fitn…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $788K – $4.5M including a $95K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $1.6M/year (median $1.6M). Estimated payback in 10.5 years.
  • Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 9 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Haven Franchising, LLC
Parent company
The Haven Collection, Inc.
Incorporated in
Rhode Island
HQ
82 Valley Road, Middletown, Rhode Island 02842
Auditor
DoerenMayhew
Audited financials
Franchisor revenue
$0
vs $0 prior year
⚠ Going-concern note
Disclosed in FDD 2026
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 HAVEN™ unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,552,512
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: fitness
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $788K–$4.5M
Working capital
$
FDD reports $138K–$242K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$450K
EBITDA margin
29.0%
Total invested
$2.8M
Payback
75 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 HAVEN™ units return on equity?

Edit assumptions

Equity IRR · 5-yr

25.0%

3.05× MOIC

Year-1 DSCR

3.37×

EBITDA ÷ debt service

Equity required

$18.9M

on $34.2M purchase

Total debt

$15.2M

SBA $5.0M + senior + seller note

SBA 7(a) request ($17.1M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

HAVEN franchisees operate a service or retail location (business model type unspecified in data) generating approximately $1.55M in annual revenue. Daily operations involve managing customer-facing services, staff, and adherence to brand standards within an assigned protected territory.

CEO
Brittany Riley
Founded
2023
FDD year
2026
States available
2

Item 7 · what it costs

The Vitals

Total investment
$788K – $4.5M
All-in to open one unit
Liquid capital
$138K – $242K
Cash you must have on hand
Franchise fee
$95K
Royalty
7.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical
Payback period
10.5 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.6M
Per unit, per year
Median gross sales
$1.6M
Item 19 type
Profit and Loss Statement
Sample size
1 units
vs category median 12 · small
Range (low → high)
$1.6M$1.6M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank53th
vs Health & Fitness peers
Investment cost rank93th
Lower investment ranks lower (better)
Royalty rate rank27th
Lower royalty = lower percentile (better)
Unit count rank12th
vs Health & Fitness peers
Risk score rank66th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
2
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
0%
vs corporate-owned
2024
0±0
Franchised units
2025
0
Franchised units
2026
0
Franchised units

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

Item 20 · 15 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 · 15 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
9
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

65
Risk · 0-100
MODERATE65 / 100

HAVEN presents meaningful risk due to minimal system scale (2 units), unverified financial claims, going concern status, and unclear growth prospects despite protected territories.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDOnly 2 existing franchisee units with unknown growth trajectory indicates extremely limited operating history and system validation
  2. 02MINORWide investment range ($787K-$4.5M) suggests unclear unit economics or highly variable buildout costs with poor cost controls
  3. 03MINORItem 19 (Financial Performance Representations) not provided—cannot validate claimed $1.55M average revenue or $250K net income figures independently
  4. 04HIGHGoing Concern status is true, meaning franchisor has substantial doubt about its ability to continue operating
  5. 05MINORFranchise fee ($95K) appears disproportionately low relative to investment range, suggesting potential undercapitalization or aggressive unit economics

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Area of Protection
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
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
Rhode Island

Item 11

Training & Operations

Classroom training
144 hrs
On-the-job training
95 hrs
POS system
point-of-sale 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

22 numbers

Locked
(701) 328-••••
ND
(410) 576-••••
MD
(212) 416-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

HAVEN™ · FDD (2026) PDF

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