iFlex Stretch Studios Franchise Cost, Revenue & Review 2026
- Investment
- $192K – $379K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Under 10 loans (3)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
iFlex Stretch Studios is a wellness franchise offering guided one-on-one assisted stretching and mobility sessions. Franchisees run the studios, managing stretch practitioners, appointments, and memberships.
FranchiseVerdict summary · 2026
A iFlex Stretch Studios franchise requires a total initial investment of $192K – $379K, including a $65K franchise fee and an ongoing 8.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Limited operating history: franchising since 2024. A system this young has fewer than three years of Item 20 outlet history and rarely enough SBA loans for a charge-off rate, so its grade rests on less evidence than an established system's. Read its Item 20 tables and talk to its first franchisees before relying on the grade. Other new franchisors
Sources, dates and evidence
FDD issued: 2025 filing · Data extracted: · Last cited check: · Staleness risk: medium - a newer filing may exist
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 scored5 of 5 headline figures on this page cite a page of the filing.
Overview
- Investment
- $192K – $379K
- 34th pct Health & Fitn…
- Avg gross sales
- N/A
- Incl. company outletsProjection
- Royalty
- 8.0%
- 72nd pct Health & Fitn…
- Units
- 4
- 19th pct Health & Fitn…
- SBA charge-off
- N/A
Quick verdict · Health & Fitness · color = vs category peers
Green = favorable by >10% vs Health & Fitness 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 $192K – $379K including a $65K franchise fee, 8.0% ongoing royalty.
- RETURNSItem 19 reports members count only rather than annual gross sales, so unit revenue is not directly comparable.
- RISKVerdict C (Average), verdict score 38/100 (higher is better).
- GROWTHPositive: net +3 franchised outlets in the latest year (4 opened, 1 closed) (Item 20).
- DATAItem 19 reports members count only rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- iFlex Franchisor LLC
- Parent company
- Sequel Brands, LLC
- FDD Item 1, page 9 of the 2025 FDD
- Predecessor
- iFlex Franchising LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Verdine Baker
- Incorporated in
- DE
- HQ
- 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660
- Auditor
- Moss Adams LLP
- Audited financials
Affiliated brands
- iFlex Studios
- acquired one Studio
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 9
4 other brands on this site name Sequel 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 2025 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
- Verdine Baker
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2025
- States available
- 4
Can you afford it, and what does the money buy?
Entry cost runs 27% below the typical health & fitness franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $65K | $65K |
| Working capital (3–6 mo) | $10K | $50K |
| Equipment, build-out, other | $117K | $264K |
| Total initial investment | $192K | $379K |
Source: iFlex Stretch Studios 2025 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
- $192K – $379K
- Top 40% of category vs category
- Liquid capital req'd
- $10K – $50K
- Top 40% of category vs category
- Franchise fee
- $65K – $65K
- Bottom third — review vs category
- Royalty
- 8.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 10.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 8.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $650 |
| Training fee | $500 |
| Transfer fee | $0 |
| Renewal fee | $0 |
| Inventory (initial) | $6K – $9K |
| Total fee load | 10.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for iFlex Stretch Studios is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one iFlex Stretch Studios unit return on the cash you put in?
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.
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 annual revenue, 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.
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: 2025 FDD
Financial Performance
Includes company-owned outlets
Not a revenue figure
- Item 19 type
- members count only
- Sample size
- 4
- vs category median 11 · small
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
Compared against 173 Health & Fitness brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 10.0% (near the Health & Fitness median).
Disclosure
Item 19 reports members count only rather than annual gross sales, so unit revenue is not directly comparable.
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 Health & Fitness medians
How iFlex Stretch Studios Compares
Category median of published Health & Fitness 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?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 4
- Opened
- 4
- Last reporting year
- Closed
- 1
- Turnover rate
- 25.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 75%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 14
- Franchisor's next-year forecast
- Ceased ops
- 25.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 4 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.
4
states with franchisees (per FDD Item 12)
Where the owners are · Item 20 owner list
0 current owners across 0 states; 1 former (terminated, transferred or not renewed) listed separately.
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 3 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 3
- Loan volume
- $670K
- Median loan
- $223K
- average
- Charge-off rate
- Under 10 loans (3)
- Insufficient SBA coverage: 3 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (3)
- 5-yr charge-off
- Under 10 loans (3)
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Avoid this franchise: tiny unproven system with a CDO facing fraud litigation, no financial disclosures, and corporate going concern issues.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation involving franchisor or its parent/affiliates. Seven lawsuits naming Anthony Geisler (CEO of Sequel Brands, listed in Item 2) as defendant from his prior role at Xponential Fitness: AKT franchisee suit, Yoga Six franchisee suit, Nickle CycleBar/BFT suit, American Health Concepts Georgia suit, In re Xponential Fitness Securities Litigation (consolidated), In re Xponential Fitness Derivative Litigation (consolidated), and Nelson derivative action.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Moss Adams LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Audited statements are for the guarantor/affiliate Sequel Brands Holdings, LLC (not the franchisor iFlex Franchisor LLC). Entity was formed April 8, 2025; statements cover inception (April 8, 2025) through April 30, 2025. Only $1,000,000 member contribution (cash); no operations, no revenue, no expenses yet.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 38 / 100 verdict
- 01MINOROnly 4 units systemwide with unknown growth trajectory — suggests minimal brand traction and market validation
- 02HIGHChief Development Officer Anthony Geisler faces multiple active lawsuits involving fraud, failure to disclose, and securities litigation from his Xponential Fitness tenure — raises serious integrity and leadership concerns
- 03MINORNo average revenue or net income disclosure (no Item 19) — impossible to assess unit economics or franchisee profitability
- 04MINORHigh initial investment ($191k-$378k) combined with 8% royalty creates significant financial burden with unproven business model
- 05MEDExtremely small unit count (4) means limited franchisee network to validate claims and minimal corporate resources
Severity inferred from the FDD text · not a regulatory classification
Litigation case detail7 matters · Item 3
Litigation cases
Officers and directors (individuals, not the company)
Pending (7)
Nickle Acquisition, LLC, et al v. Xponential Fitness, Inc., et al.
pendingBrought by a franchisee · Anthony Geisler, named with Xponential, BFT and CycleBar entities and others · filed 2025-02-03 · Superior Court for the State of California, County of Orange · 30-2025-01459041-CU-AT-CXC
“Nickle Acquisition, LLC, et al v. Xponential Fitness, Inc., et al., filed February 3, 2025, Superior Court for the State of California, County of Orange, Case No. 30-2025-01459041- CU-AT-CXC. This action was filed by a CycleBar”Page 14 of the 2025 FDD, Item 3
Stefanie Nelson, derivatively on behalf of Xponential Fitness, Inc., v. Anthony Geisler, Jair Clarke, Mark Grabowski, Chelsea A. Grayson, John Meloun, and Brenda Morris
pendingThird-party plaintiff · Anthony Geisler, with other XFI officers and directors · filed 2025-02-10 · United States District Court for the Central District of California, Southern Division · 8:25cv258
“Stefanie Nelson, derivatively on behalf of Xponential Fitness, Inc., v. Anthony Geisler, Jair Clarke, Mark Grabowski, Chelsea A. Grayson, John Meloun, and Brenda Morris, filed February 10, 2025, United States District Court for the Central District of California, Southern Division, Case No. 8:25cv258. Plaintiff, a purported shareholder of XFI, derivatively on behalf of XFI, filed this verified”Page 16 of the 2025 FDD, Item 3
American Health Concepts, LLC and Yaqim Lalani v. Yoga Six Franchise, LLC, Xponential Fitness, LLC, Anthony Geisler, and Lindsay Junk
pendingBrought by a franchisee · Anthony Geisler (former CEO of Xponential), with Yoga Six Franchise, LLC, Xponential Fitness, LLC and Lindsay Junk · filed 2024-12-11 · Superior Court of Dekalb County, State of Georgia (removed March 12, 2025 to the United States District Court for the Northern District of Georgia, Case No. 1:25-cv-01315-SCJ) · 24CV11069
“American Health Concepts, LLC and Yaqim Lalani v. Yoga Six Franchise, LLC, Xponential Fitness, LLC, Anthony Geisler, and Lindsay Junk, filed December 11, 2024, Superior Court of Dekalb County, State of Georgia, Case No. 24CV11069. A former Yoga Six® franchisee and its owner filed this action against Y6, Xponential, the former Chief Executive Officer of Xponential, Anthony Geisler, and the”Page 14 of the 2025 FDD, Item 3
In re Xponential Fitness Securities Litigation
pendingThird-party plaintiff · Anthony Geisler, with Xponential Fitness, Inc. (XFI) and other officers, directors and underwriters · filed 2024-02-09 · United States District Court for the Central District of California, Southern Division · 8:24-cv-00285
“In re Xponential Fitness Securities Litigation, filed February 9, 2024, United States District Court for the Central District of California, Southern Division, Case No. 8:24-cv-00285. Two actions, (1) City of Taylor General Employees Retirement System v. Xponential Fitness, Inc., Anthony Geisler, and John Meloun, filed February 9, 2024, United States District Court for the Central District of”Page 15 of the 2025 FDD, Item 3
In re Xponential Fitness, Inc. Derivative Litigation
pendingThird-party plaintiff · Anthony Geisler, with other XFI officers and directors (nominal defendant Xponential Fitness, Inc.) · filed 2024-03-10 · United States District Court for the Central District of California, Western Division · 2:24-cv-01928-JWH-KES
“In re Xponential Fitness, Inc. Derivative Litigation, filed March 10, 2024, United States District Court for the Central District of California, Western Division, Case No. 2:24-cv- 01928-JWH-KES. Two actions, (1) Gideon Akande v. Anthony Geisler, John Meloun, Jair Clarke, Mark Grabowski, Chelsea A. Grayson, Brenda Morris, and, nominally, Xponential Fitness, Inc., filed March 10, 2024, United”Page 16 of the 2025 FDD, Item 3
Dance Fitness Michigan LLC, et al. v. AKT Franchise, LLC, et al.
pendingBrought by a franchisee · Anthony Geisler (CEO of Sequel Brands; formerly CEO of Xponential), named with other Xponential officers and entities · filed 2023-08-30 · Superior Court of the State of California, County of Orange · 30-2023-01345433-CU-AT-CXC
“Dance Fitness Michigan LLC, et al. v. AKT Franchise, LLC, et al., filed August 30, 2023, Superior Court of the State of California, County of Orange, Case No. 30-2023-01345433- CU-AT-CXC (the “AKT Lawsuit”). This action was filed by certain former AKT”Page 13 of the 2025 FDD, Item 3
Enlightened Armadillo, Inc., et al. v. Yoga Six Franchise, LLC, et al.
pendingBrought by a franchisee · Anthony Geisler, named with Yoga Six, Xponential entities and others · filed 2023-11-22 · Superior Court of the State of California, County of Orange · 30-2023-01367265-CU-AT-CXC
“Enlightened Armadillo, Inc., et al. v. Yoga Six Franchise, LLC, et al., filed November 22, 2023, Superior Court of the State of California, County of Orange, Case No. 30-2023- 01367265-CU-AT-CXC. This action was filed by two Yoga Six”Page 13 of the 2025 FDD, Item 3
Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.
What are you signing up for?
Ongoing fees run about 10.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Newport Beach, California (metropolitan area where franchisor's principal place of business is located) |
| Jury trial waiver | Yes |
| Governing law | DE |
| Litigation count | 7 |
View Item 3 litigation summary
No litigation involving franchisor or its parent/affiliates. Seven lawsuits naming Anthony Geisler (CEO of Sequel Brands, listed in Item 2) as defendant from his prior role at Xponential Fitness: AKT franchisee suit, Yoga Six franchisee suit, Nickle CycleBar/BFT suit, American Health Concepts Georgia suit, In re Xponential Fitness Securities Litigation (consolidated), In re Xponential Fitness Derivative Litigation (consolidated), and Nelson derivative action.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 0 hrs
- Training location
- Newport Beach, California (franchisor training center) or designated Studio; online modules for virtual portions
- Ongoing training
- Required
- Time to open
- 7 mo
- From signing to launch
- Site selection
- Franchisor approves; franchisee identifies site within designated Site Selection Area
- Franchisor financing
- Offered
- Item 10
- POS system
- MindBody
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: MindBody
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a iFlex Stretch Studios franchise?
The total investment to open a iFlex Stretch Studios franchise ranges from $192K – $379K, with an initial franchise fee of $65K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do iFlex Stretch Studios franchise owners earn?
Item 19 of the iFlex Stretch Studios FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns iFlex Stretch Studios?
iFlex Stretch Studios is franchised by iFlex Franchisor LLC. Its parent company is Sequel Brands, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the iFlex Stretch Studios 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 iFlex Stretch Studios FDD and qualifies whose outlets they describe.
What is iFlex Stretch Studios's franchise failure rate?
SBA 7(a) loan charge-off data is not available for iFlex Stretch Studios (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 iFlex Stretch Studios franchise locations are there?
As of their most recent FDD filing, iFlex Stretch Studios has 4 total units in the United States, including 3 franchised units and 1 company-owned units. 4 new units were opened in the latest reporting year.
Is iFlex Stretch Studios a good franchise to buy?
FranchiseVerdict rates iFlex Stretch Studios as a C-grade franchise with a verdict score of 38 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
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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.