Onward Physical Therapy
Formerly known as Optimal Performance Training
Bottom line
- Total investment $25K – $123K including a $0 franchise fee, 10.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Onward Physical Therapy unit return on the cash you put in?
Unlevered ROIC · per unit
176%
Above typical band (30–60%)
Overview
About
Franchisees operate licensed physical therapy clinics providing rehabilitation services, injury treatment, and wellness programs to patients. Day-to-day operations include patient scheduling, clinical staff management, insurance billing, treatment delivery, and facility maintenance. Revenue depends heavily on payer mix (insurance, Medicare, cash patients) and local competition in the protected territory.
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 · 13 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
Onward Physical Therapy presents high execution risk due to pending Washington litigation, undisclosed going concern status, absence of financial performance data, and regulatory compliance failures across multiple states.
Score breakdown · what drove the 65 / 100 rating
- 01HIGHActive pending litigation in Washington state regarding unregistered franchise sales creates legal uncertainty and potential forced rescission liability
- 02HIGHGoing concern status is FALSE, indicating serious financial distress or operational viability questions at corporate level
- 03MINORNo Item 19 (average revenue/net income) disclosure prevents validation of ROI claims and suggests weak unit economics or poor performance data
- 04MINOROnly 31 units with unknown growth trajectory suggests stagnant or declining system; lack of transparency on unit growth is concerning
- 05MINORMulti-state regulatory action pattern (Illinois, Maryland, Washington) indicates compliance failures and potential future enforcement actions
- 06MINORZero franchise fee model may indicate inability to generate upfront capital or desperation to recruit franchisees despite legal 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
13 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Onward Physical Therapy · FDD (2025) PDF