Bottom line
- Total investment $201K – $481K including a $39K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 16 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
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 Iron 24 unit return on the cash you put in?
Unlevered ROIC · per unit
56%
In Yale's "attractive" band (30–60%)
Overview
About
Iron 24 appears to operate 24-hour fitness/gym facilities. Franchisees manage facility operations including membership sales, personal training services, maintenance of equipment and premises, and member retention. Day-to-day responsibilities likely include staff management, billing oversight, facility cleanliness, and equipment maintenance across extended operating hours.
Item 7 · what it costs
The Vitals
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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 20 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).
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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Iron 24 presents high-risk investment due to going concern status, minimal unit scale, non-disclosed financials, and unclear growth momentum.
Score breakdown · what drove the 64 / 100 rating
- 01HIGHGoing Concern status indicates franchisor financial distress or operational instability
- 02MEDOnly 7 operating units suggests minimal system scale, limited support infrastructure, and high failure risk
- 03MINORNo average revenue or net income disclosure prevents ROI validation and suggests poor unit economics or franchisor reluctance to disclose
- 04MINORHigh investment range ($201k-$481k) relative to tiny unit count indicates difficulty attracting franchisees despite aggressive pricing
- 05MINORUnknown growth trajectory with stagnant unit count raises questions about franchisee recruitment and retention
- 06MINORMinimum royalty of $500/month ($6,000 annually) creates fixed cost burden even if location underperforms
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
24 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Iron 24 · FDD (2024) PDF