SaltvaultFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A SALTVAULT franchise requires a total initial investment of $424K – $1.2M, including a $60K franchise fee and an ongoing 7.0% royalty[2]. Per the 2025 FDD, average unit revenue was $691K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $424K – $1.2M
- 76th pct Health & Fitn…
- Avg gross sales
- $691K
- 36th pct Health & Fitn…
- Royalty
- 7.0%
- 28th pct Health & Fitn…
- Units
- 3
- 16th pct Health & Fitn…
- SBA default
- N/A
Quick verdict · Health & Fitness · color = vs category peers
Green = >15% above Health & Fitness avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
31% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $424K – $1.2M including a $60K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $691K/year, with an estimated 31% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 36/100.
- 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
- Ultimate parent
- SALT Hot Pilates LLC
- CEO title
- Founder and Chief Executive Officer
- Elizabeth “Betsy” Blumenfeld
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- CA
- 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
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
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $60K | $60K | |
| Beginning Bundle Feenot refundable | $45K | $45K | |
| Website Development Feenot refundable | $1K | $1K | |
| Travel and Living Expenses While Training | $2K | $5K | |
| Real Estate/Lease (3 months + deposit) | $25K | $80K | |
| Build-Out/Leasehold Improvements | $150K | $600K | |
| Furniture, Fixtures and Related Supplies | $50K | $150K | |
| Signage | $10K | $25K | |
| Insurance (3 months) | $5K | $20K | |
| Utility Deposits | $0 | $1K | |
| Business License and Permits | $500 | $2K | |
| Computer System, including POS and Sound Systems | $25K | $90K | |
| Technology Fees (3 months)not refundable | $5K | $5K | |
| Professional Fees/Services | $1K | $15K | |
| Grand Opening Expenses | $5K | $30K | |
| Additional Funds - 3 months | $40K | $100K | |
| Development Fee (Area Development Agreement)not refundable | $165K | $165K | |
| Total initial investment | $589K | $1.4M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$200K
29.0% margin
Unlevered ROIC
22%
EBITDA / total invested capital
Payback
4.5 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $424K – $1.2M
- Below avg, review vs category
- Liquid capital req'd
- $40K – $100K
- Below avg, review vs category
- Franchise fee
- $54K – $60K
- Below avg, review vs category
- 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 FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $2K |
| Training fee | $800 |
| Transfer fee | $10K |
| Renewal fee | $7K |
| Total fee load | 9.0% of rev |
Financial Performance
- Avg gross sales
- $691K
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $255K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 30.9%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Affiliate-Owned Studios
- Sample size
- 3 units
- vs category median 11 · small
- Range (low → high)
- $468K→$914K
- Cohort dispersion (min → max)
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 180 Health & Fitness brands
Revenue is only 0.8x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Health & Fitness averages
How Saltvault Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 3
- Opened
- 1
- 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
- 0.0%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
- Multi-unit owners
- 10.0%
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 2
- 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.
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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
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.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Lavine, Lofgren, Morris & Engelberg, 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 36 / 100 rating
- 01MINOROnly 3 units in system with unknown/stagnant growth trajectory suggests minimal proof of concept and scalability
- 02HIGHGoing Concern status is FALSE — indicates parent company financial instability or operational uncertainty
- 03MEDNo Item 19 (Financial Performance Representations) disclosed — cannot independently verify claimed $708,876 avg revenue or $254,964 net income
- 04MINORHigh investment range ($424k-$1.2M) relative to only 3 units suggests unproven unit economics and excessive capital requirements
- 05MINOR7% royalty on gross sales (not net) combined with high initial investment creates cash flow pressure in early years
- 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
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Population and Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 0.3 mi |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| 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 |
| Mandatory arbitration | Yes |
| Arbitration location | San Diego County, California |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- POS system
- Mindbody
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Mindbody
Item 20 · call current owners
Franchisee Contacts
14 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
SALTVAULT · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a SALTVAULT franchise?
The total investment to open a SALTVAULT franchise ranges from $424K – $1.2M, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do SALTVAULT franchise owners earn?
According to Item 19 of the SALTVAULT FDD, the average gross sales per unit is $691K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is SALTVAULT's franchise failure rate?
SBA 7(a) loan charge-off data is not available for SALTVAULT (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 SALTVAULT franchise locations are there?
As of their most recent FDD filing, SALTVAULT has 3 total units in the United States, including 0 franchised units and 3 company-owned units. 1 new units were opened in the latest reporting year.
Is SALTVAULT a good franchise to buy?
FranchiseVerdict rates SALTVAULT as a A-grade franchise with a risk score of 36 out of 100, 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.
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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.