Pilates Republic Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Pilates Republic is a boutique fitness franchise offering reformer and mat Pilates classes and memberships. Franchisees run the studios, managing instructors, class scheduling, and membership growth.
FranchiseVerdict summary · 2026
A Pilates Republic franchise requires a total initial investment of $375K – $584K, including a $50K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $375K – $584K
- 17th pct Service Resta…
- Avg gross sales
- N/A
- Company-owned only
- Royalty
- 6.0%
- 24th pct Service Resta…
- Units
- 4
- 6th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Full-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $375K – $584K including a $50K franchise fee, 6.0% ongoing royalty.
- RETURNSAudited financial statements are for Pilates Republic Franchising, LLC (the franchisor entity), audited by Baker Tilly US, LLP (Los Angeles, CA; report dated June 13, 2025). Statements cover the period from January 1, 2025 to April 10, 2025 and from August 15, 2024 (inception) to December 31, 2024. This is a newly-formed startup franchisor shell. Most recent audited balance sheet (April 10, 2025): Total assets $500,000 = Member's Equity $500,000, with no liabilities (the entity was capitalized via a $500,000 member contribution). Revenues were $0 in both periods; net loss of $17,270 in the inception-to-Dec-31-2024 period and $0 in the Jan 1-Apr 10, 2025 period. Figures are in whole US dollars (statements not in thousands). Note: the FDD also contains separate UNAUDITED franchisor financial statements; the audited Exhibit E statements were used here.
- RISKVerdict C (Average), verdict score 40/100 (higher is better).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Pilates Republic Franchising LLC
- Parent company
- Pilates Republic LLC
- CEO title
- Director and Chief Executive Officer
- Courtney Miller
- Incorporated in
- Delaware
- HQ
- 2654 Del Mar Heights Road, San Diego, California 92014
- Auditor
- Baker Tilly US, LLP
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
- CEO
- Courtney Miller
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2025
- States available
- 0
Can you afford it, and what does the money buy?
Entry cost runs 59% below the typical full-service restaurants franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $30K | $45K |
| Equipment, build-out, other | $295K | $489K |
| Total initial investment | $375K | $584K |
Source: Pilates Republic 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $375K – $584K
- Top 40% of category vs category
- Liquid capital req'd
- $30K – $45K
- Top 40% of category vs category
- Franchise fee
- $50K – $50K
- Top 40% of category vs category
- Royalty
- 6.0%
- percentage · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 48.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $40 |
| Transfer fee | $50K |
| Renewal fee | $10K |
| Inventory (initial) | $4K – $8K |
| Total fee load | 48.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Pilates Republic did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Pilates Republic unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
15%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Audited financial statements are for Pilates Republic Franchising, LLC (the franchisor entity), audited by Baker Tilly US, LLP (Los Angeles, CA; report dated June 13, 2025). Statements cover the period from January 1, 2025 to April 10, 2025 and from August 15, 2024 (inception) to December 31, 2024. This is a newly-formed startup franchisor shell. Most recent audited balance sheet (April 10, 2025): Total assets $500,000 = Member's Equity $500,000, with no liabilities (the entity was capitalized via a $500,000 member contribution). Revenues were $0 in both periods; net loss of $17,270 in the inception-to-Dec-31-2024 period and $0 in the Jan 1-Apr 10, 2025 period. Figures are in whole US dollars (statements not in thousands). Note: the FDD also contains separate UNAUDITED franchisor financial statements; the audited Exhibit E statements were used here.
Company-owned outlets only - not franchisee performance
- Median gross sales
- $1.1M
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
No system-wide average is published for this brand. The median and range below are what Item 19 supports; we show an average only where it reconciles against them.
- Item 19 type
- gross sales
- Sample size
- 3
- vs category median 18 · small
- Range (low → high)
- $970K→$1.2M
- Cohort dispersion (min → max)
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2025
- The FDD edition these figures were read from
- Transparency
- 3 / 10
- vs category median 3 / 10 · typical
Compared against 805 Full-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 48.0% — above the Full-Service Restaurants average of 7.6%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Full-Service Restaurants averages
How Pilates Republic Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 4
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Baker Tilly US, LLP
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
Score breakdown · what drove the 40 / 100 verdict
- 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
What are you signing up for?
Ongoing fees run about 48.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 50,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | San Diego, California |
| Jury trial waiver | No |
| Governing law | DE |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 33 hrs
- On-the-job training
- 0 hrs
- Training location
- Del Mar, California, at another training facility we designate, or online/remote
- Ongoing training
- Required
- Time to open
- 9 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Pilates Republic · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Pilates Republic franchise?
The total investment to open a Pilates Republic franchise ranges from $375K – $584K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Pilates Republic franchise owners earn?
Pilates Republic 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 Item 19 in the Pilates Republic FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Pilates Republic FDD and qualifies whose outlets they describe.
What is Pilates Republic's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Pilates Republic (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 Pilates Republic franchise locations are there?
As of their most recent FDD filing, Pilates Republic has 4 total units in the United States, including 0 franchised units and 4 company-owned units.
Is Pilates Republic a good franchise to buy?
FranchiseVerdict rates Pilates Republic as a C-grade franchise with a verdict score of 40 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
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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.