FranchiseVerdict
Hydrate IV Bar logo
FV-01261·STRONGExcellent100

Hydrate IV Bar

Formerly known as KidsCampAmerica

Health & Wellness - OtherFranchising since 2020Website
Investment
$96K – $448K
21st pct Other
Avg revenue
$722K
25th pct Other
Royalty
8.0%
59th pct Other
Units
17
48th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $96K – $448K including a $50K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $722K/year (median $612K). Estimated payback in 1.5 years.
  • Rated STRONG with a risk score of 42/100. SBA loan default rate of 0.0% across 14 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
KCA Holdings LLC
Incorporated in
Colorado
HQ
753 S. University Blvd., Denver, CO 80209
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$551K
vs $1.0M 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 Hydrate IV Bar unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $721,531
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: $96K–$448K
Working capital
$
FDD reports $45K–$75K

Unlevered ROIC · per unit

43%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$144K
EBITDA margin
20.0%
Total invested
$332K
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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Hydrate IV Bar 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

$1.9M

on $9.4M purchase

Total debt

$7.5M

SBA $4.7M + senior + seller note

Overview

About

Franchisees operate IV hydration and wellness clinics offering intravenous hydration therapy, vitamin infusions, and related wellness services to customers seeking performance enhancement, recovery, and preventative health benefits. Daily operations involve clinical administration, customer consultations, inventory management, marketing, and compliance with health/medical regulations.

CEO
Katie Wafer Gillberg
Founded
2020
FDD year
2025
States available
4

Item 7 · what it costs

The Vitals

Total investment
$96K – $448K
All-in to open one unit
Liquid capital
$45K – $75K
Cash you must have on hand
Franchise fee
$50K
Royalty
8.0%
Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical
Payback period
1.5 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$722K
Per unit, per year
Median gross sales
$612K
Item 19 type
EBITDA
Sample size
12 units
vs category median 12
Range (low → high)
$334K$1.7M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank25th
vs Health & Wellness - Other peers
Investment cost rank21th
Lower investment ranks lower (better)
Royalty rate rank59th
Lower royalty = lower percentile (better)
Unit count rank48th
vs Health & Wellness - Other peers
Risk score rank4th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
17
Opened
4
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
5
Corporate units in the system
% franchised
71%
vs corporate-owned
Net growth (yr3)
+50.0%
Net unit change last year
3-yr CAGR
+100.0%
Compounded over last 3 years
2023
12+5
Franchised units
2024
8
Franchised units
2025
6
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
14
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

42
Risk · 0-100
STRONG42 / 100

Hydrate IV Bar presents moderate-to-cautious risk due to recent affiliate litigation, unverified financial claims, absence of Item 19 disclosures, and an unusually aggressive growth trajectory with a small unit base.

Score breakdown · what drove the 42 / 100 rating

  1. 01HIGHRecent trademark litigation (April-June 2024) involving affiliate suggests brand protection vulnerabilities and internal governance issues
  2. 02MINORNo Item 19 (Financial Performance Representations) disclosure — claimed $721k avg revenue cannot be independently verified
  3. 03MINORAggressive 50% YoY unit growth with only 17 locations is atypical and suggests either rapid expansion or possible unit churning
  4. 04MINORHigh royalty rate of 8% plus $50k upfront fee creates $83.6k+ annual burden on franchisees at average revenue levels
  5. 05HIGHGoing Concern status is FALSE — absence of affirmative going concern language in FDD is concerning for newer franchise systems

Severity inferred from the FDD text · not a regulatory classification

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
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
Colorado

Item 11

Training & Operations

Classroom training
22 hrs
On-the-job training
36 hrs
POS system
QuickBooks 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

19 numbers

Locked
(808) 586-••••
HI
(701) 328-••••
ND
(503) 986-••••
OR

One-time purchase · CSV download · Validation questions included

FDD download

Hydrate IV Bar · FDD (2025) PDF

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