Bottom line
- Total investment $1.6M – $2.2M including a $80K franchise fee, 9.0% ongoing royalty.
- Average unit revenue of $4.0M/year (median $4.0M). Estimated payback in 1.7 years.
- Rated MODERATE with a risk score of 63/100.
- Emerging franchise — only 3 years of franchising with 5 units. Early-stage systems carry higher risk but may offer better territory availability.
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 Next Health unit return on the cash you put in?
Unlevered ROIC · per unit
38%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Next Health units return on equity?
Equity IRR · 5-yr
23.2%
2.84× MOIC
Year-1 DSCR
3.80×
EBITDA ÷ debt service
Equity required
$31.5M
on $52.1M purchase
Total debt
$20.6M
SBA $5.0M + senior + seller note
Overview
About
Next Health franchisees operate wellness and preventative health centers offering IV therapy, vitamin infusions, hormone optimization, and biohacking services. Daily operations include administering treatments, managing client scheduling, maintaining clinical compliance, and managing a small clinical staff. Revenue derives primarily from membership programs and per-treatment fees from health-conscious consumers seeking performance optimization.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage wellness franchise with minimal operating units, unverified financial claims, and capital-intensive model presents high execution risk despite no litigation.
Score breakdown · what drove the 63 / 100 rating
- 01MINOROnly 5 units in system with unknown growth trajectory suggests early-stage or stalling franchise
- 02HIGHNo Item 19 financial performance representation (Going Concern = False) limits ability to validate claimed averages
- 03MINORHigh initial investment ($1.6M-$2.2M) paired with only 5 franchisees raises questions about unit economics and scalability
- 04MINOR9% royalty on $4M average revenue = $360K annually, creating cash flow pressure for breakeven franchisees
- 05MEDExtremely limited franchisee sample size (5 units) makes financial averages statistically unreliable and potentially cherry-picked
- 06MINORUnknown growth rate indicates franchisor may not be actively recruiting or expanding, suggesting market validation issues
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
22 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Next Health · FDD (2025) PDF