Pvolve Franchise Cost, Revenue & Review 2026
- Investment
- $454K – $800K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Limited · 16 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Pvolve is a boutique fitness franchise offering low-impact, resistance-based workouts using proprietary equipment. Franchisees run the studios, managing instructors, class scheduling, and membership growth.
FranchiseVerdict summary · 2026
A Pvolve franchise requires a total initial investment of $454K – $800K, including a $53K franchise fee and an ongoing 7.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: 2025 filing · Data extracted: · Last cited check: · Staleness risk: medium - a newer filing may exist
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored5 of 5 headline figures on this page cite a page of the filing.
Overview
- Investment
- $454K – $800K
- 83rd pct Health & Fitn…
- Avg gross sales
- N/A
- Outlet subsetPartial period
- Royalty
- 7.0%
- 37th pct Health & Fitn…
- Units
- 16
- 45th pct Health & Fitn…
- SBA charge-off
- N/A
Quick verdict · Health & Fitness · color = vs category peers
Green = favorable by >10% vs Health & Fitness median · 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 $454K – $800K including a $53K franchise fee, 7.0% ongoing royalty.
- RETURNSItem 19 Part I discloses monthly Gross Revenue, Membership Attrition, and Revenue Mix for 10 Qualified Franchised Studios (plus 3 Affiliate-Owned Studios) via bar/chart graphics embedded as images; underlying numeric values are not present as extractable text in this FDD copy. Part II discloses annual cost categories (COGS, Labor, Rent, G&A, Marketing, Franchise Fees) similarly as charts for the Qualified Franchised Studios. No average/median dollar figures could be extracted as text.
- RISKVerdict C (Average), verdict score 45/100 (higher is better).
- GROWTHNegative, pipeline stalled: 29 agreements signed but not yet open against 16 open outlets (Item 20).
- DATAItem 19 reports revenue for a partial period rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- PVOLVE Development, LLC
- Parent company
- PVOLVE LLC (PVLLC)
- FDD Item 1, page 9 of the 2025 FDD
- CEO title
- President and Manager
- Julie Cartwright
- Incorporated in
- Delaware
- HQ
- 730 W. Randolph Street, Chicago, Illinois 60661
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $761K
- vs $1.3M prior year
Overview
About
- CEO
- Julie Cartwright
- Headquarters
- Illinois
- Founded
- 2019
- FDD year
- 2025
- States available
- 13
Can you afford it, and what does the money buy?
Entry cost runs 60% above the typical health & fitness franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $53K | $53K |
| Working capital (3–6 mo) | $10K | $75K |
| Equipment, build-out, other | $391K | $672K |
| Total initial investment | $454K | $800K |
Source: Pvolve 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
- $454K – $800K
- Bottom third — review vs category
- Liquid capital req'd
- $10K – $75K
- Top 40% of category vs category
- Franchise fee
- $53K – $53K
- Bottom third — review vs category
- Royalty
- 7.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $420 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 9.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for Pvolve is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Pvolve unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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
Item 19 Part I discloses monthly Gross Revenue, Membership Attrition, and Revenue Mix for 10 Qualified Franchised Studios (plus 3 Affiliate-Owned Studios) via bar/chart graphics embedded as images; underlying numeric values are not present as extractable text in this FDD copy. Part II discloses annual cost categories (COGS, Labor, Rent, G&A, Marketing, Franchise Fees) similarly as charts for the Qualified Franchised Studios. No average/median dollar figures could be extracted as text.
Reported for a subset of outlets rather than the whole system
Covers a partial period, not a full year
- Item 19 type
- Historical - Part I (Gross Revenue/Attrition/Revenue Mix charts, no extractable text values) and Part II (cost categories, chart-only)
- Sample size
- 9 outlets
- vs category median 11
- Source filing
- FDD 2025
- The FDD edition these figures were read from
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 173 Health & Fitness 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 9.0% (near the Health & Fitness median).
Disclosure
Item 19 reports revenue for a partial period rather than annual gross sales, so unit revenue is not directly comparable.
Multi-unit rate
Only 2% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
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 Health & Fitness medians
How Pvolve Compares
Category median of published Health & Fitness brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 16
- Opened
- 10
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 90%
- vs corporate-owned
- Multi-unit owners
- 1.8%
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 29
- 1.81 per open outlet · Item 20 Table 5
- Projected new
- 25
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 12 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.
Where the owners are · Item 20 owner list
25 current owners across 12 states.
- CO 5
- AZ 4
- CA 3
- NY 2
- SC 2
- TX 2
- UT 2
- GA 1
- IL 1
- MD 1
- NJ 1
- TN 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 16
- Loan volume
- $8.6M
- Median loan
- $612K
- 50th percentile
- Charge-off rate
- Limited · 16 loans
- Limited SBA coverage: 16 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 16 loans
- 5-yr charge-off
- Limited · 16 loans
- Loans approved 2021+
- Active lenders
- 6
- Defaults
- 0
- Typical loan rate
- 10.1%
- avg rate to borrowers
- Franchised industry avg
- 15.8%
- n=7,965 loans
- Jobs supported
- 140
- 1.6 per loan
- Lender concentration
- 56%
- top lender's share
Borrower mix: 100% went to startups / new businesses, 0% to established operators
Franchise vs independent — in fitness and recreational sports centers, franchised businesses charge off at 15.8% vs 18.2% for independents — franchising is associated with 13% lower SBA default risk in this category.
Top lenders financing Pvolve franchisees
Showing 3 of 6 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Pvolve from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 69%
- Avg interest rate
- 10.06%
- Lender concentration
- 56.3%
- Job velocity
- 1.6 per $100K
- NAICS benchmark
- 12.5%
- NAICS 713940
- Jobs supported
- 140
Top SBA lendersTop lender holds 56% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 9 | $3.2M | N/A |
| 2 | First Bank of the Lake | 2 | $1.8M | N/A |
| 3 | FWBank | 2 | $1.2M | N/A |
| 4 | First Financial Bank | 1 | $683K | N/A |
| 5 | Newtek Bank, National Association | 1 | $700K | N/A |
| 6 | Cadence Bank | 1 | $950K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 5 | 0 | -- |
| AZArizona | 3 | 0 | -- |
| GAGeorgia | 2 | 0 | -- |
| ILIllinois | 2 | 0 | -- |
| CACalifornia | 1 | 0 | -- |
| RIRhode Island | 1 | 0 | -- |
| SCSouth Carolina | 1 | 0 | -- |
| TNTennessee | 1 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
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
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
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 45 / 100 verdict
- 01MINORNegative net worth -$700,772
- 02MINORNet loss -$438,296 on $760,737 revenue
- 03MINOR16 units (13 franchised)
- 04MEDNo litigation or bankruptcy; audited financials, Item 19 disclosed
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% 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 | 3 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 50,000 |
| Online sales rightsℹ | 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 |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 20 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Illinois |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 24 hrs
- On-the-job training
- 140 hrs
- Training location
- Affiliate-Owned Studios (Chicago IL, West Hollywood CA, New York NY) or at franchisee's Studio, and virtually
- Ongoing training
- Required
- Time to open
- 10 mo
- From signing to launch
- Site selection
- Franchisor-designated Real Estate & Construction Project Manager
- Franchisor financing
- Not offered
- Item 10
- POS system
- Mariana Tek and Brand Bot
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Mariana Tek and Brand Bot
Item 20 · call current owners
Franchisee Contacts
25 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Pvolve franchise?
The total investment to open a Pvolve franchise ranges from $454K – $800K, with an initial franchise fee of $53K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Pvolve franchise owners earn?
Item 19 of the Pvolve FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Pvolve?
Pvolve is franchised by PVOLVE Development, LLC. Its parent company is PVOLVE LLC (PVLLC). Source: FDD Item 1, 2025 filing.
What is Item 19 in the Pvolve 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 Pvolve FDD and qualifies whose outlets they describe.
What is Pvolve's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Pvolve (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 Pvolve franchise locations are there?
As of their most recent FDD filing, Pvolve has 16 total units in the United States, including 13 franchised units and 3 company-owned units. 10 new units were opened in the latest reporting year.
Is Pvolve a good franchise to buy?
FranchiseVerdict rates Pvolve as a C-grade franchise with a verdict score of 45 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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?
If you represent Pvolve, you can request corrections or provide updated information.
Other Health & Fitness franchises
Compare similar franchise opportunities in the Health & Fitness category
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.