FranchiseVerdict
SALTVAULT logo
FV-02219·CAUTIONExcellent91

Saltvault

Health & FitnessFranchising since 2024Website
Investment
$424K – $1.2M
76th pct Health & Fitn…
Avg revenue
$709K
37th pct Health & Fitn…
Royalty
7.0%
27th pct Health & Fitn…
Units
3
16th pct Health & Fitn…
SBA default

Bottom line

  • Total investment $424K – $1.2M including a $60K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $709K/year. Estimated payback in 3.2 years.
  • Rated CAUTION with a risk score of 72/100.
  • Emerging franchise — only 2 years of franchising with 3 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
SALTVAULT LLC
Incorporated in
California
HQ
2710 Via de la Valle, Suite B-110, Del Mar, California 92014
Auditor
Lavine, Lofgren, Morris & Engelberg, LLP
Audited financials
Franchisor revenue
$0
Most recent fiscal year

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 SALTVAULT unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $708,876
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: fitness
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $424K–$1.2M
Working capital
$
FDD reports $40K–$100K

Unlevered ROIC · per unit

23%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$206K
EBITDA margin
29.0%
Total invested
$896K
Payback
52 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 SALTVAULT units return on equity?

Edit assumptions

Equity IRR · 5-yr

33.4%

4.23× MOIC

Year-1 DSCR

2.42×

EBITDA ÷ debt service

Equity required

$5.9M

on $15.6M purchase

Total debt

$9.7M

SBA $5.0M + senior + seller note

SBA 7(a) request ($7.8M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

SALTVAULT franchisees operate cold storage or specialty vault facilities (likely cryptocurrency hardware wallet storage, precious metals vaults, or climate-controlled luxury goods storage based on branding). Day-to-day operations involve facility management, security protocols, customer acquisition, account administration, and maintenance of controlled environment systems.

CEO
Elizabeth “Betsy” Blumenfeld
Founded
2024
FDD year
2025
States available
1

Item 7 · what it costs

The Vitals

Total investment
$424K – $1.2M
All-in to open one unit
Liquid capital
$40K – $100K
Cash you must have on hand
Franchise fee
$60K
Royalty
7.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical
Payback period
3.2 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$709K
Per unit, per year
Median gross sales
Item 19 type
Affiliate-Owned Studios
Sample size
3 units
vs category median 12 · small
Range (low → high)
$468K$914K
Cohort dispersion
Transparency
9 / 5
vs category median 4 / 5 · above
Revenue rank37th
vs Health & Fitness peers
Investment cost rank76th
Lower investment ranks lower (better)
Royalty rate rank27th
Lower royalty = lower percentile (better)
Unit count rank16th
vs Health & Fitness peers
Risk score rank83th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
3
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
3
Corporate units in the system
% franchised
0%
vs corporate-owned
Multi-unit owners
10.0%
2023
0+1
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 12 states
Not registered

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

72
Risk · 0-100
CAUTION72 / 100

SALTVAULT is an unproven micro-franchise with a financially unstable parent company, undisclosed financial performance data, and only 3 operating units — presenting extreme execution and liquidity risk.

Score breakdown · what drove the 72 / 100 rating

  1. 01MINOROnly 3 units in system with unknown/stagnant growth trajectory suggests minimal proof of concept and scalability
  2. 02HIGHGoing Concern status is FALSE — indicates parent company financial instability or operational uncertainty
  3. 03MEDNo Item 19 (Financial Performance Representations) disclosed — cannot independently verify claimed $708,876 avg revenue or $254,964 net income
  4. 04MINORHigh investment range ($424k-$1.2M) relative to only 3 units suggests unproven unit economics and excessive capital requirements
  5. 05MINOR7% royalty on gross sales (not net) combined with high initial investment creates cash flow pressure in early years
  6. 06MINORMicro-franchise system (3 units) presents extreme execution risk — one failed unit = 33% system failure rate

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population and Radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
15 hrs
On-the-job training
0 hrs
POS system
Mindbody
Operating tech stack

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

14 numbers

Locked
(858) 342-••••
The franchisor is SALTVAULT LLC, located at
CA
(517) 373-••••
MI
(808) 586-••••
HI

One-time purchase · CSV download · Validation questions included

FDD download

SALTVAULT · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above