ManduuFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Manduu franchise requires a total initial investment of $263K – $724K, including a $75K franchise fee. The 2023 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2023 FDD issuance
Overview
- Investment
- $263K – $724K
- 51st pct Health & Fitn…
- Avg gross sales
- N/A
- 59th pct Health & Fitn…
- Royalty
- N/A
- Units
- 15
- 46th 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
The system contracted 10% year-over-year. Investigate why units are closing.
Bottom line
- Total investment $263K – $724K including a $75K franchise fee.
- Item 19 discloses "gross_sales" rather than annual gross sales, so unit revenue is not directly comparable.
- Verdict D (Below Average) with a risk score of 70/100.
- Item 19 reports "gross_sales" instead of annual gross sales. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Manduu America, LLC
- Ultimate parent
- MEMS (Manduu EMS, LLC)
- CEO title
- Chief Executive Officer
- Jason Ritzen
- CEO experience
- 2017 yrs
- Years in role or industry
- Incorporated in
- TN
- HQ
- 128 4th Ave. North, Franklin, Tennessee 37064
- Auditor
- Blankenship CPA Group, PLLC
- Audited financials
- Franchisor revenue
- $340K
- vs $538K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Manduu franchisees operate E-fit fitness machine locations (likely membership-based or usage-fee model). Day-to-day operations include machine maintenance, member/user management, facility cleaning, billing/payment processing, and marketing to drive recurring usage revenue. Revenue depends heavily on traffic volume and per-session fees.
- CEO
- Jason Ritzen
- Headquarters
- TN
- Founded
- 2017
- FDD year
- 2023
- States available
- 7
FDD Item 7 · 2023 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Background Check Feenot refundable | $500 | $500 | |
| Initial Franchise Feenot refundable | $75K | $75K | |
| Real Estate (security deposit and initial 3 months' rent) | $12K | $38K | |
| Leasehold Improvementsnot refundable | $0 | $200K | |
| Architectnot refundable | $0 | $8K | |
| Furniture, Fixtures, Equipment and Decornot refundable | $85K | $140K | |
| Signagenot refundable | $8K | $15K | |
| Insurance | $5K | $6K | |
| Grand Opening Advertisingnot refundable | $25K | $50K | |
| Computer Systemnot refundable | $7K | $11K | |
| Opening Inventorynot refundable | $4K | $7K | |
| Uniformsnot refundable | $600 | $600 | |
| Annual Music License Feenot refundable | $300 | $600 | |
| Stationerynot refundable | $350 | $350 | |
| Prepaid Expenses and Deposits | $500 | $1K | |
| Training Expensesnot refundable | $3K | $11K | |
| Business Fees and Licenses | $1K | $4K | |
| Professional Feesnot refundable | $1K | $8K | |
| Additional Funds (3 months)not refundable | $35K | $150K | |
| Total initial investment | $263K | $724K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $263K – $724K
- Near category avg vs category
- Liquid capital req'd
- $35K – $150K
- Below avg, review vs category
- Franchise fee
- $75K – $75K
- Below avg, review vs category
- Royalty
- Greater 8% of monthly Gross Sales or $1,000 per E-fit mac…
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 10.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | Greater 8% of monthly Gross Sales or $1,000 per E-fit machine per month |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $740 |
| Training fee | $2K |
| Transfer fee | $19K |
| Renewal fee | $10K |
| Total fee load | 10.0% of rev |
Financial Performance
This brand's FDD disclosed "gross_sales" 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 Manduu Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 15
- Opened
- 0
- Last reporting year
- Closed
- 1
- Turnover rate
- 6.7%
- Company-owned
- 6
- Corporate units in the system
- % franchised
- 60%
- vs corporate-owned
- Net growth (yr3)
- -10.0%
- Net unit change last year
- 3-yr CAGR
- +125.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 0
- Franchisor's next-year forecast
- Continuity rate
- 90.0%
- Units that stayed open
- Ceased ops
- 6.7%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 10 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Manduu presents HIGH RISK: a contracting 15-unit system with Going Concern status, zero earnings transparency, and substantial capital requirements create significant doubt about franchisee profitability and franchisor viability.
Litigation (Item 3)
No litigation information provided in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Blankenship CPA Group, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 70 / 100 rating
- 01HIGHGoing Concern warning indicates franchisor financial distress or viability questions
- 02MEDUnit count declined 10% YoY (15 units total) suggesting system contraction and weak franchisee performance
- 03MEDNo Item 19 (average revenue/income) disclosed—inability or unwillingness to substantiate earnings claims
- 04MEDHigh initial investment ($262.7K–$724K) with no disclosed average revenue creates ROI opacity
- 05MINORDual royalty structure (8%+ of sales OR $1,000/machine/month) ambiguous—unclear which applies and how it impacts profitability
- 06MINORFranchise fee ($75K) is substantial relative to 15-unit system size, suggesting franchisor may be unit-focused rather than franchisee-success-focused
- 07HIGHNo litigation disclosed but Going Concern status suggests potential regulatory or operational issues not yet litigated
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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 3 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Tennessee |
| Jury trial waiver | Yes |
| Governing law | Tennessee |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation information provided in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 51 hrs
- On-the-job training
- 49 hrs
- Training location
- Nashville
- Ongoing training
- Required
- Field support
- 8 hrs/yr
- On-site visits per year
- POS system
- FitSoft
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: FitSoft
Item 20 · call current owners
Franchisee Contacts
11 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Manduu · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Manduu franchise?
The total investment to open a Manduu franchise ranges from $263K – $724K, with an initial franchise fee of $75K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Manduu franchise owners earn?
Manduu 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 Manduu's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Manduu (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 Manduu franchise locations are there?
As of their most recent FDD filing, Manduu has 15 total units in the United States, including 0 franchised units and 6 company-owned units.
Is Manduu a good franchise to buy?
FranchiseVerdict rates Manduu as a D-grade franchise with a risk score of 70 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.
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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.