Bottom line
- Total investment $375K – $584K including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.1M/year.
- Rated MODERATE with a risk score of 63/100.
- Emerging franchise — only 1 year 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
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 Pilates Republic unit return on the cash you put in?
Unlevered ROIC · per unit
32%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Pilates Republic units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.8M
on $8.9M purchase
Total debt
$7.1M
SBA $4.4M + senior + seller note
Overview
About
Pilates Republic franchisees operate boutique fitness studios offering Pilates classes and related wellness services. Day-to-day operations include class scheduling, instructor management, studio maintenance, member billing/retention, and marketing to build and maintain a recurring membership base in their protected territory.
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
Pilates Republic is an early-stage, micro-system franchise with insufficient performance transparency, questionable franchisor stability, and unproven unit-level profitability that poses meaningful financial risk to prospective franchisees.
Score breakdown · what drove the 63 / 100 rating
- 01MEDOnly 4 operating units indicates extremely limited franchise system scale and unproven replicability model
- 02MINORNo net income disclosure (Item 19) prevents accurate ROI analysis and suggests franchisor may lack performance data or want to obscure profitability concerns
- 03MINORHigh initial investment ($375k-$584k) relative to tiny unit count raises questions about unit economics and franchisee ROI
- 04HIGHGoing Concern = False status suggests franchisor may have solvency or operational stability issues
- 05MINORUnknown growth trajectory with only 4 units provides no evidence of system momentum or franchisee success rates
- 06MINOR6% royalty on $1.1M average revenue = $66k/year ongoing fees plus operational costs create pressure on thin fitness studio margins
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
21 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Pilates Republic · FDD (2026) PDF