FranchiseVerdict
iFlex Stretch Studios logo
FV-01277·AVOIDExcellent86

iFlex Stretch Studios

OtherFranchising since 2024Website
Investment
$192K – $379K
62nd pct Other
Avg revenue
50th pct Other
Royalty
8.0%
49th pct Other
Units
4
25th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $192K – $379K including a $65K franchise fee, 8.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated AVOID with a risk score of 85/100. SBA loan default rate of 0.0% across 6 loans (below the industry average).
  • Emerging franchise — only 2 years of franchising with 4 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
iFLEX FRANCHISOR LLC
Parent company
Sequel Brands, LLC
Incorporated in
Delaware
HQ
4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660
Auditor
Moss Adams LLP
Audited financials
Franchisor revenue
$0
Most recent fiscal 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 iFlex Stretch Studios unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $192K–$379K
Working capital
$
FDD reports $10K–$50K

Unlevered ROIC · per unit

31%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$98K
EBITDA margin
13.0%
Total invested
$315K
Payback
39 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.

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
Founded
2024
FDD year
2025
States available
4

Item 7 · what it costs

The Vitals

Total investment
$192K – $379K
All-in to open one unit
Liquid capital
$10K – $50K
Cash you must have on hand
Franchise fee
$65K
Royalty
8.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

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
2023
3+3
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 18 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 · 18 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
6
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

85
Risk · 0-100
AVOID85 / 100

Avoid this franchise: tiny unproven system with a CDO facing fraud litigation, no financial disclosures, and corporate going concern issues.

Score breakdown · what drove the 85 / 100 rating

  1. 01MINOROnly 4 units systemwide with unknown growth trajectory — suggests minimal brand traction and market validation
  2. 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
  3. 03MINORNo average revenue or net income disclosure (no Item 19) — impossible to assess unit economics or franchisee profitability
  4. 04HIGHGoing concern status is FALSE — indicates potential financial instability at corporate level
  5. 05MINORHigh initial investment ($191k-$378k) combined with 8% royalty creates significant financial burden with unproven business model
  6. 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

Territory
Radius/Population
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
7
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
Required
Governing law
Delaware

Item 11

Training & Operations

Classroom training
56 hrs
On-the-job training
0 hrs
POS system
MindBody
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

25 numbers

Locked
(410) 576-••••
MD
(808) 586-••••
HI
(701) 328-••••
ND

One-time purchase · CSV download · Validation questions included

FDD download

iFlex Stretch Studios · FDD (2025) PDF

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