FranchiseVerdict
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FV-01180·Minimal10

Heights Wellness Retreat

Health & Wellness - OtherFranchising since 2007Website
Investment
$622K – $820K
91st pct Other
Avg revenue
$1.0M
40th pct Other
Royalty
6.0%
16th pct Other
Units
101
78th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $622K – $820K including a $50K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $1.0M/year (median $936K).
  • SBA loan default rate of 0.0% across 8 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Elevated Brands Franchising, LLC
Parent company
SWG International, LLC (SWGI)
Incorporated in
Texas
HQ
13750 US Hwy 281 North, Suite 925, San Antonio, Texas 78232
Auditor
BDO USA, P.C.
Audited financials
Franchisor revenue
$9.8M
vs $10.4M 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 Heights Wellness Retreat unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,048,151
Franchisor take · royalty + ad fund
Royaltytyp 6–8%
%
Ad fundtyp 3–5%
%
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: $622K–$820K
Working capital
$
FDD reports $43K–$63K

Unlevered ROIC · per unit

28%

Below typical band (30–60%)

0%30–60% Yale band80%
Store EBITDA · annual
$220K
EBITDA margin
21.0%
Total invested
$774K
Payback
42 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 Heights Wellness Retreat units return on equity?

Edit assumptions

Equity IRR · 5-yr

34.7%

4.44× MOIC

Year-1 DSCR

2.35×

EBITDA ÷ debt service

Equity required

$5.3M

on $14.7M purchase

Total debt

$9.4M

SBA $5.0M + senior + seller note

SBA 7(a) request ($7.3M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

A retail location that offers therapeutic massage, advanced skincare services, and cutting-edge touchless holistic therapies in an elevated, serene, resort-quality environment.

CEO
Shane Evans
Founded
2007
FDD year
2025
States available
15

Item 7 · what it costs

The Vitals

Total investment
$622K – $820K
All-in to open one unit
Liquid capital
$43K – $63K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Percentage · typical 6–8%
Ad fund
3.0%
typical 3–5%

Item 19

Financial Performance

Avg gross sales
$1.0M
Per unit, per year
Median gross sales
$936K
Item 19 type
Performance Representations for 100 MH Retreats
Sample size
100 units
vs category median 12 · large
Range (low → high)
$339K→$2.9M
Cohort dispersion
Revenue rank40th
vs Health & Wellness - Other peers
Investment cost rank91th
Lower investment ranks lower (better)
Royalty rate rank16th
Lower royalty = lower percentile (better)
Unit count rank78th
vs Health & Wellness - Other peers
Risk score rank100th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
101
Opened
1
Last reporting year
Closed
3
Turnover rate
3.0%
Company-owned
1
Corporate units in the system
2023
101-2
Franchised units
2024
103
Franchised units
2025
102
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
8
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

—
Risk · 0-100

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

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
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
Texas

Item 11

Training & Operations

Classroom training
66 hrs
On-the-job training
91 hrs
POS system
Web-based licensed through franchisor
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

98 numbers

Locked
(949) 699-••••
CA
(916) 779-••••
CA
(210) 338-••••
TX

One-time purchase · CSV download · Validation questions included

FDD download

Heights Wellness Retreat · FDD (2025) PDF

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

Includes AI-generated validation questions · CSV download