iFlex Stretch StudiosFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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 does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $192K – $379K
- 34th pct Health & Fitn…
- Avg gross sales
- N/A
- 59th pct Health & Fitn…
- Royalty
- 8.0%
- 55th pct Health & Fitn…
- Units
- 4
- 21st pct Health & Fitn…
- SBA default
- N/A
Quick verdict · Health & Fitness · color = vs category peers
Green = >15% above Health & Fitness avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $192K – $379K including a $65K franchise fee, 8.0% ongoing royalty.
- Item 19 discloses "Active Members and One-Time Sessions" rather than annual gross sales, so unit revenue is not directly comparable.
- Verdict F (Bottom Quintile) with a risk score of 80/100.
- Item 19 reports "Active Members and One-Time Sessions" instead of annual gross sales. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- iFLEX FRANCHISOR LLC
- Parent company
- Sequel Brands, LLC
- Predecessor
- iFlex Franchising LLC
- Prior franchisor entity
- Incorporated in
- DE
- HQ
- 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660
- Auditor
- Moss Adams LLP
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Affiliated brands
- iFlex Studios
- acquired one Studio
Other brands the franchisor or its parent operates (Item 1).
Overview
About
iFlex Stretch Studios operate boutique fitness facilities offering guided stretching, flexibility, and mobility classes to members on membership or class-by-class basis. Franchisees manage studio operations including instructor hiring/training, member acquisition, class scheduling, and facility maintenance across their protected territory. Revenue derives primarily from membership subscriptions and retail product sales.
- CEO
- Verdine Baker
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2025
- States available
- 4
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
- Better than avg vs category
- Liquid capital req'd
- $10K – $50K
- Better than avg vs category
- Franchise fee
- $45K – $65K
- Below avg, review vs category
- Royalty
- 8.0%
- Gross Sales · 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 | $5K |
| Renewal fee | $25 |
| Inventory (initial) | $13K – $14K |
| Total fee load | 10.0% of rev |
Financial Performance
This brand's FDD disclosed "Active Members and One-Time Sessions" in Item 19 rather than annual gross sales. This metric cannot be directly compared across brands, so we omit it from rankings.
vs Health & Fitness averages
How iFlex Stretch Studios Compares
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
3-year detail · Item 20
- Opened (3yr)
- 4
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- 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)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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)
4 case reference(s): 2 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Moss Adams LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 80 / 100 rating
- 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
- 04HIGHGoing concern status is FALSE — indicates potential financial instability at corporate level
- 05MINORHigh initial investment ($191k-$378k) combined with 8% royalty creates significant financial burden with unproven business model
- 06MEDExtremely 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius/Population |
| Protected territory | Yes |
| Territory population | 50,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Delaware |
| Litigation count | 7 |
View Item 3 litigation summary
4 case reference(s): 2 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 56 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- Site selection
- franchisor
- Franchisor financing
- Not 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
FDD download
iFlex Stretch Studios · FDD (2025) PDF
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?
iFlex Stretch Studios does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
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 0 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 F-grade franchise with a risk score of 80 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.