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i9 Sports Franchise Cost, Revenue & Review 2026

EducationFloridaFranchising since 2003
AStrongest tierStrongest tier95/100Editorial grade from public filings; not investment advice.
Investment
$60K – $70K
Disclosed sales
$514K
gross sales, not profit
SBA charge-off
Limited · 22 loans

Investment, fees, disclosed sales, units, SBA record and risk, as one PDF. Free; no spam; one click to unsubscribe.

FV-01270FDD 2026Data QualityExcellent95%
Manager-run OKYes: Protected territory

Data from FDD filing + SBA 7(a) records

Analysis by FranchiseVerdict Research · Methodology

i9 Sports is a youth-sports franchise running recreational leagues and camps in soccer, basketball, flag football, and more for kids. Franchisees run a program managing registration, coaches, scheduling, and venues in a protected territory.

FranchiseVerdict summary · 2026

A i9 Sports franchise requires a total initial investment of $60K – $70K, including a $25K franchise fee and an ongoing 7.5% royalty[2]. Per the 2026 FDD, average unit revenue was $514K[2]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →

Sources, dates and evidence

FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months

Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored8 of 8 headline figures on this page cite a page of the filing.

Overview

Investment
$60K – $70K
16th pct Education
Avg gross sales
$514K
19th pct Education
Royalty
7.5%
43rd pct Education
Units
294
75th pct Education
SBA charge-off
N/A

Quick verdict · Education · color = vs category peers

Total Investment
$60K – $70K
Median $194K
below median ↓, better than category
Franchise Fee
$25K – $25K
Median $45K
below median ↓, better than category
Liquid Capital Req'd
$8K – $13K
Median $25K
below median ↓, better than category
Avg Revenue
$514K
Median $408K
above median ↑, better than category
Royalty Rate
7.5%
Median 7.0%
near median
Ongoing Fees
12.5% of rev
Median 9.0%
above median ↑, worse than category
SBA Charge-Off Rate
Limited · 22 loans
Limited SBA coverage: 22 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
System Size
294 units
Median 20 units
above median ↑, better than category
Turnover Rate
2.0%
Median 0.0%
Territory
Protected, not exclusive
Limits on the franchisor opening nearby; not an exclusive zone
Owner-Operator
Optional
Can hire a manager
Litigation
5 cases
Some history

Green = favorable by >10% vs Education median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)

Data from public FDD filings and SBA records. Not financial advice. Methodology

Bottom line

  • COSTTotal investment $60K – $70K including a $25K franchise fee, 7.5% ongoing royalty.
  • RETURNSAverage unit revenue of $514K/year (median $406K).
  • RISKVerdict A (Strongest tier), verdict score 95/100 (higher is better).
  • GROWTHPositive: net +30 franchised outlets in the latest year (36 opened, 6 closed) (Item 20).
  • GROWTHSystem growing at 20.0% CAGR over 3 years with 294 total units. Strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Corporate structure & franchisor financials
Legal entity
i9 Sports, LLC
Parent company
i9 Holdings, LLC
FDD Item 1, page 7 of the 2026 FDD
Ultimate parent
Youth Enrichment Brands, LLC
FDD Item 1, page 7 of the 2026 FDD
Predecessor
began
Prior franchisor entity
CEO title
President
Ron Shimek
Incorporated in
Delaware
HQ
9410 Camden Field Parkway, Riverview, Florida 33578
Auditor
RSM US LLP
Audited financials
Franchisor revenue
$31.3M
vs $32.0M prior year

Independent franchisee associations

  • Independent Franchisee Association

Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.

Affiliated brands

  • U.S
  • SafeSplash Brands
  • School of Rock Franchising
  • that offers franchises or products or services to franchisees

Other brands the franchisor or its parent operates (Item 1).

Same owner · FDD Item 1, page 7

2 other brands on this site name Youth Enrichment Brands, LLC as parent or ultimate parent in their own FDD.

Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.

Overview

About

CEO
Ron Shimek
Headquarters
Florida
Founded
2002
FDD year
2026
States available
38

Can you afford it, and what does the money buy?

Entry cost runs 67% below the typical education franchise.

Total investment (Item 7)$60K – $70KCited, not corroborated — printed on page 29 of the 2026 FDD (Item 7). Nothing else in our record independently restates or re-derives it.
Franchise fee$24,900Verified — printed on page 20 of the 2026 FDD (Item 5), and another item of the same filing prints the same figure on a labelled row, which is an independent restatement.
Royalty7.5%Cited, not corroborated — printed on page 21 of the 2026 FDD (Item 6). Nothing else in our record independently restates or re-derives it.
Ad fund2.0%Cited, not corroborated — printed on page 22 of the 2026 FDD (Item 6). Nothing else in our record independently restates or re-derives it.
Working capital$8K – $13K

Source: FDD 2026 · Items 5–7

FDD Item 7 · 2026 filing

Initial investment breakdown

i9 Sports: Item 7 initial investment breakdown
Cost componentLowHigh
Initial franchise fee$25K$25K
Working capital (3–6 mo)$8K$13K
Equipment, build-out, other$27K$32K
Total initial investment$60K$70K

Source: i9 Sports 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.

Item 7 · what it costs to open + operate

The Vitals

Total investment
$60K – $70K
Top 40% of category vs category
Liquid capital req'd
$8K – $13K
Top 40% of category vs category
Franchise fee
$25K – $25K
Top 40% of category vs category
Royalty
7.5%
Set by a formula · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
12.5%
vs 9–13% typical

Ongoing fees · Item 6

i9 Sports: Item 6 recurring fees
FeeAmount
Royalty7.5% of gross sales
Marketing / ad fund2.0%
Technology fee$110
Transfer fee$12K
Renewal fee$5K
Inventory (initial)$3K – $4K
Total fee load12.5% of rev
Fee structure insight

At 12.5% total fee load, roughly $64K per year goes to the franchisor before you pay a single operating expense.

What do units actually make?

Average unit sales run 26% above the education norm.

Avg gross sales$514KCited, not corroborated — printed on page 63 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Median gross sales$406KCited, not corroborated — printed on page 63 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Item 19 typehistorical
Sample size129 outlets

Source: FDD 2026 · Item 19

Single-unit · not modelled

Returns at a glance

An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for i9 Sports until someone supplies them — yours, in the models below.

—

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

Total invested capital · disclosed

$75K

Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.

ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Blue values = direct from FDD (Item 7 investment, Item 19 revenue, Item 6 fees)Not set = no filing supplies it and we will not substitute one. Enter your own

What one unit earns on your invested capital

Model A · Single-Unit Return

Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.

Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.

Returns model · single-unit ROIC

What would one i9 Sports unit return on the cash you put in?

From FDDNot set — you supply itYou overrode an FDD value
Revenue · per unit, per yearFDD
FDD Item 19 reports $514,066 per unit
Franchisor take · royalty + ad fundFDD
typ 6–8%
typ 3–5%
Operating costs · not in any FDDnot set

Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.

Total invested capital · what you put in to openFDD
FDD Item 7: $60K–$70K (midpoint used)
FDD reports $8K–$13K

Unlevered ROIC · per unit

Your modelled return on total invested capital, before any debt financing.

—

An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.


Store EBITDA · annual
—
EBITDA margin
—
Total invested
$75K
Payback
—
Single-unit 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 point.

What 25 units return when you use SBA financing

Model B · Return on Equity: Debt-Financed Acquisition

Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).

This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.

What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.

These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.

Item 19 · Source: 2026 FDD

Financial Performance

Avg gross sales
$514K
Per unit, per year
Median gross sales
$406K

Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.

Item 19 type
historical
Sample size
129 outlets
vs category median 16 · large
Range (low → high)
$61K→$2.0MCited, not corroborated — printed on page 63 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Cohort dispersion (min → max)
Quartile band
$205K→$702K
Bottom 25% → top 25%
Reporting year
2025
Fiscal year the figures cover
Source filing
FDD 2026
Disclosed in the 2026 filing, covering 2025
Transparency
10 / 10
vs category median 4 / 10 · above
Gross sales rank19th
Item 19 reporting methods vary across brands
Investment cost rank16th
Lower investment ranks lower (better)
Royalty rate rank43th
Lower royalty = lower percentile (better)
Unit count rank75th
vs Education peers
Risk score rank0th
Lower risk = lower percentile (better)

Compared against 204 Education brands

Showing the headline figures — all 139 extracted fields are in the Full FDD Report · $19 →
Revenue insight

Revenue is 7.9x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.

Operator outlook

What the numbers say

Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.

Unit economics

Average unit generates $514K/year in gross sales. Median is $406K — top performers pull the average up, so a typical unit earns less. Revenue-to-investment ratio: 7.9x.

Fee burden

Total ongoing fee load of 12.5% — above the Education median of 9.0%.

Disclosure

Transparency score 10/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.

Operator retention

System expanding at 20.0% CAGR over 3 years across 294 units — operators are staying and new ones are joining.

Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.

vs Education medians

How i9 Sports Compares

Metric
i9 Sports
Category median
vs median
Investment
$65K
$194Kmiddle half $94K–$625K · n=164
Below median, better than category
Revenue
$514K
$408Kmiddle half $269K–$1.2M · n=72
Above median, better than category
Unit Count
294
20middle half 6–79 · n=164
Above median, better than category

Category median of published Education brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.

Is the system healthy?

Total units294Cited, not corroborated — printed on page 65 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
3-yr growth+20.0% (favorable vs category)
Turnover rate2.0% (favorable vs category)

Source: FDD 2026 · Item 20

Unit growth

Item 20 · unit dynamics

The Growth Chart

Total units
294
Opened
36
Last reporting year
Closed
6
Terminated
6
Franchisor ended the franchise (per Item 20)
Non-renewed
0
Term expired, not renewed (per Item 20)
Turnover rate
2.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (3-yr)
+20.0%
Net unit change over 3 years
3-yr CAGR
+20.0%
Compounded over last 3 years

Last fiscal year · Item 20 exits and transfers

Terminated
6
Not renewed
0
Transferred
17
Reacquired
0
Franchisor bought back
2023
245
Franchised units
2024
264+19
Franchised units
2025
294+30
Franchised units

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

Item 12 · 38 states reported

The Territory Map

FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.

38

states with franchisees (per FDD Item 12)

SBA loan performance

Government records

SBA Loan Data

Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.

Total loans
22
Loan volume
$4.1M
Median loan
$110K
50th percentile
Charge-off rate
Limited · 22 loans
Limited SBA coverage: 22 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units

Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated

Repayment rate (PIF)
Limited · 22 loans
5-yr charge-off
0.0%
Loans approved 2021+
Active lenders
12
Defaults
0
Typical loan rate
6.9%
avg rate to borrowers
Franchised industry avg
15.8%
n=7,965 loans
Jobs supported
218
5.6 per loan
Lender concentration
21%
top lender's share

Borrower mix: 62% went to startups / new businesses, 38% to established operators

Franchise vs independent — in fitness and recreational sports centers, franchised businesses charge off at 15.8% vs 18.2% for independents — franchising is associated with 13% lower SBA default risk in this category.

Top lenders financing i9 Sports franchisees

Celtic Bank Corporation4 loans0.0%
Manufacturers and Traders Trust Company3 loans0.0%
SouthState Bank, National Association2 loans—

Showing 3 of 12 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.

Explore lender portfolios on Bank Reports or regional data on State Reports.

Lender network · 7(a) + 504

SBA Lending Report

Full lending analysis for i9 Sports from SBA 7(a) FOIA data.

Principal loss rate
0.0%
Avg SBA guarantee
76%
Avg interest rate
6.88%
Lender concentration
21.1%
Job velocity
5.6 per $100K
NAICS benchmark
12.5%
NAICS 713940
Jobs supported
218

Top SBA lendersTop lender holds 21% of loans

#LenderLoansVolumeDefault %
1Celtic Bank Corporation4$330K0.0%
2Manufacturers and Traders Trust Company3$275K0.0%
3SouthState Bank, National Association2$1.5MN/A
4Valliance Bank2$283K0.0%
5LendingClub Bank, National Association1$198KN/A
6Citizens Bank, National Association1$110K0.0%
7First National Bank of Omaha1$217K0.0%
8The Huntington National Bank1$529KN/A
9Community Trust Bank, Inc.1$150K0.0%
10CDC Small Business Finance Corp.1$50K0.0%

Geographic failure vector

StateLoansDefaultsRate
PAPennsylvania300.0%
TXTexas300.0%
FLFlorida200.0%
MDMaryland200.0%
NCNorth Carolina20--
AZArizona100.0%
CACalifornia100.0%
COColorado100.0%
GAGeorgia10--
HIHawaii10--

SBA 7(a) lending trend

2014
2
2015
1
2017
3
2018
3
2020
3
2021
4
2022
1
2024
2

Borrower profile

Startup5 (38%)
New (< 2 yr)3 (23%)
Existing (2+ yr)3 (23%)
Unanswered1 (8%)
Ownership change1 (8%)

Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict

What could kill this investment?

SBA charge-offLimited · 22 loans
Verdict score95/100 (higher is better)
Litigation5 cases
Auditor going-concern doubtNo (favorable vs category)

Source: SBA 7(a) FOIA · FDD Items 3, 21

Risk analysis

FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21

Risk & Legal

AStrongest tier95Verdict score 95/100
High confidence±4 pts
9199

Litigation (Item 3)

Subject: the franchisor is a named party (defendant).

One active franchise-relationship suit (Valley Youth Sports/Finest City Youth Sports v. i9 Sports, LLC and YEB, filed 9/29/2025, alleging territory encroachment and inadequate insurance); plus four disclosed settlements involving affiliated GoTo Foods/Inspire Brands entities (no-poaching provisions, data breach, FDD disclosure omission) that the FDD states have no impact on i9 Sports or its brand.

Bankruptcy (Item 4)

None disclosed

Audited financials (Item 21)

Yes · RSM US LLP

Franchisor revenue (Item 21)

Yr 1: $31.3MYr 2: $32.0MNon-royalty: $0.1M

Franchisor entity revenue (not unit-level)

Supplier relationship · Items 8 & 16

  • Franchisor sells you products: Yes
  • Kickbacks from required suppliers: Yes
  • Must buy proprietary products: Yes
  • Restricted to system-approved products: Yes
  • Can negotiate own supplier terms: No

Score breakdown · what drove the 95 / 100 verdict

  1. 01HIGHLitigation involving parent company affiliates (Arby's, Dunkin') raises questions about corporate governance and legal exposure that could affect franchise operations
  2. 02MINORSlow unit growth of 7.8% YoY in a youth sports market suggests market saturation or operational challenges despite positive unit economics
  3. 03MINORHigh royalty floor ($425-$450/month minimum) creates fixed cost burden; franchisees earning below $5,400-$5,400 annually in network revenue operate at a loss
  4. 04MINORMinimum royalty structure incentivizes aggressive revenue extraction even from struggling locations, potentially masking system-wide underperformance

Severity inferred from the FDD text · not a regulatory classification

Showing the headline figures — all 139 extracted fields are in the Full FDD Report · $19 →

Full litigation history from the FDD (Items 3 and 4) →

What are you signing up for?

Ongoing fees run about 12.5% of sales (royalty + ad fund), before rent and labor.

Initial term10 yrs
Renewal term10 yrs
TerritoryProtected, not exclusive
Initial training75 hrs

Source: FDD 2026 · Items 11, 12, 17

FDD Items 12, 15, 17 · continued from Risk & Legal

Contract & Territory Detail

Initial term10 years
Renewal term10 years
Allowed renewalsℹ1
Territory typeProtected territory
Protected territoryYes
Exclusive territoryℹNo
Territory population79,999
Online sales rightsℹRestricted
Franchisor can competeYes
Hire a manager?Allowed
Owner-operatorOptional
Non-compete (years)ℹ2 years
Non-compete (miles)ℹ10 mi
Right of first refusalℹYes
RoFR response window30 days
Transfer requires consentYes
Termination notice10 days
Termination groundsℹ25
Curable defaultsℹ6
Mandatory arbitrationNo
Arbitration locationHillsborough County, Florida
Jury trial waiverNo
Governing lawFlorida
Litigation count5
View Item 3 litigation summary

One active franchise-relationship suit (Valley Youth Sports/Finest City Youth Sports v. i9 Sports, LLC and YEB, filed 9/29/2025, alleging territory encroachment and inadequate insurance); plus four disclosed settlements involving affiliated GoTo Foods/Inspire Brands entities (no-poaching provisions, data breach, FDD disclosure omission) that the FDD states have no impact on i9 Sports or its brand.

Items 10, 11

Training & Operations

Classroom training
40 hrs
On-the-job training
35 hrs
Training location
i9 Sports Training Facility, Riverview, Florida (or virtual/franchisee's operating location)
Ongoing training
Required
Field support
25 hrs/yr
On-site visits per year
Time to open
3 mo
From signing to launch
Site selection
franchisee
Franchisor financing
Not offered
Item 10
POS system
Franchise Manager Software
Operating tech stack

Items 5 & 11

Franchisor Support

✗Site selection assistance
✗Grand opening support
✗Lease negotiation help

Technology: Franchise Manager Software

Item 20 · call current owners

Franchisee Contacts

231 owners to call

Name · phone · city · state. Extracted from FDD Item 20

Unlock 231 contacts · $49
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(941) 312-••••
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(901) 286-••••
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Frequently asked questions

Frequently Asked Questions

How much does it cost to open a i9 Sports franchise?

The total investment to open a i9 Sports franchise ranges from $60K – $70K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).

What do i9 Sports franchise owners earn?

According to Item 19 of the i9 Sports FDD, the average gross sales per unit is $514K. The median is $406K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.

Who owns i9 Sports?

i9 Sports is franchised by i9 Sports, LLC. Its parent company is i9 Holdings, LLC. The ultimate parent named in the FDD is Youth Enrichment Brands, LLC. Source: FDD Item 1, 2026 filing.

What is Item 19 in the i9 Sports FDD?

The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the i9 Sports FDD and qualifies whose outlets they describe.

What is i9 Sports's franchise failure rate?

SBA 7(a) loan charge-off data is not available for i9 Sports (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.

How many i9 Sports franchise locations are there?

As of their most recent FDD filing, i9 Sports has 294 total units in the United States, including 294 franchised units and 0 company-owned units. 36 new units were opened in the latest reporting year.

Is i9 Sports a good franchise to buy?

FranchiseVerdict rates i9 Sports as a A-grade franchise with a verdict score of 95 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.

Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.

For franchisors

Are you the franchisor?

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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.