FranchiseVerdict
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FV-01171·MODERATEExcellent91FDD 2022

Health Atlast

Health & Wellness - OtherFranchising since 2012Website
Investment
$122K – $304K
31st pct Other
Avg revenue
$919K
38th pct Other
Royalty
8.0%
59th pct Other
Units
7
30th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $122K – $304K including a $50K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $919K/year (median $909K).
  • Rated MODERATE with a risk score of 56/100. SBA loan default rate of 0.0% across 12 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Health Atlast, LLC
Incorporated in
California
HQ
3030 Sawtelle Boulevard, Los Angeles, California 90066
Auditor
Strategic Direction, Inc.
Audited financials
Franchisor revenue
$306K
vs $323K 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 Health Atlast unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $918,574
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: $122K–$304K
Working capital
$
FDD reports $30K–$70K

Unlevered ROIC · per unit

42%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$110K
EBITDA margin
12.0%
Total invested
$263K
Payback
29 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 Health Atlast units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$919K

on $4.6M purchase

Total debt

$3.7M

SBA $2.3M + senior + seller note

Overview

About

Health Atlast franchisees operate wellness/health centers offering services like IV therapy, hormone therapy, functional medicine consultations, or similar preventative health treatments. Day-to-day operations include patient intake, treatment administration, staff management, inventory control, and regulatory compliance (medical licensing varies by service type).

CEO
Dr. Stephanie Higashi
Founded
2010
FDD year
2022
States available
3

Item 7 · what it costs

The Vitals

Total investment
$122K – $304K
All-in to open one unit
Liquid capital
$30K – $70K
Cash you must have on hand
Franchise fee
$50K
Royalty
8.0%
percentage · typical 6–8%
Ad fund
10.0%
typical 3–5%
Total fee load
18.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$919K
Per unit, per year
Median gross sales
$909K
Item 19 type
Gross Revenue
Sample size
4 units
vs category median 12 · small
Range (low → high)
$487K$1.4M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank38th
vs Health & Wellness - Other peers
Investment cost rank31th
Lower investment ranks lower (better)
Royalty rate rank59th
Lower royalty = lower percentile (better)
Unit count rank30th
vs Health & Wellness - Other peers
Risk score rank36th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
7
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
86%
vs corporate-owned
Net growth (yr3)
+25.0%
Net unit change last year
3-yr CAGR
+25.0%
Compounded over last 3 years
2020
5+1
Franchised units
2021
4
Franchised units
2022
4
Franchised units

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

Item 20 · 16 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 · 16 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
12
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

56
Risk · 0-100
MODERATE56 / 100

Early-stage wellness franchise with hidden profitability metrics, minimal unit base, franchisor financial concerns, and high capital requirements relative to system maturity.

Score breakdown · what drove the 56 / 100 rating

  1. 01MINORNo net income disclosure (Item 19) prevents ROI validation despite $918k avg revenue claims
  2. 02MEDOnly 7 units with 25% YoY growth suggests early-stage system with limited proven scalability
  3. 03HIGHGoing Concern status = False indicates potential financial instability at franchisor level
  4. 04MINORHigh investment range ($121.8k-$304k) paired with 8% royalty burden creates significant leverage risk
  5. 05MEDHigh franchise fee ($50k) represents 41% of minimum investment with no disclosed break-even timeline

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
zip codes
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
California

Item 11

Training & Operations

Classroom training
36 hrs
On-the-job training
0 hrs

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

20 numbers

Locked
(317) 232-••••
IN
(860) 240-••••
CT
(212) 416-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

Health Atlast · FDD (2022) PDF

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