Shoot 360 GymsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Shoot 360 Gyms franchise requires a total initial investment of $659K – $2.1M, including a $60K franchise fee and an ongoing 12.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $659K – $2.1M
- 89th pct Health & Fitn…
- Avg gross sales
- N/A
- 59th pct Health & Fitn…
- Royalty
- 12.0%
- 68th pct Health & Fitn…
- Units
- 42
- 68th 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
The system grew 33% year-over-year. Fast growth means demand, but can strain support.
Bottom line
- Total investment $659K – $2.1M including a $60K franchise fee, 12.0% ongoing royalty.
- Item 19 discloses "Membership and Revenue Per Member Statistics" rather than annual gross sales, so unit revenue is not directly comparable.
- Verdict A (Top Quintile) with a risk score of 12/100.
- System growing at 73.9% CAGR over 3 years with 42 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Shoot 360 Nation LLC
- Parent company
- Shoot 360 Inc.
- CEO title
- Chief Executive Officer
- Terry Michaelson
- CEO experience
- 6 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- WA
- HQ
- 12403 NE 60th Way, #D-1, Vancouver, WA 98682
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $6.5M
- vs $7.3M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Shoot 360 operates premium basketball training facilities featuring AI-powered shooting technology and personalized coaching. Franchisees manage facility operations, membership sales, court bookings, training programs, and coaching staff, targeting youth athletes and competitive players seeking advanced skill development.
- CEO
- Terry Michaelson
- Headquarters
- WA
- Founded
- 2019
- FDD year
- 2025
- States available
- 25
FDD Item 7 · 2025 filing · 18 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $60K | $60K | |
| Shoot 360 Packagenot refundable | $390K | $967K | |
| Gym Management Applications Feenot refundable | $2K | $2K | |
| Real Estate (rent and security deposits) | $20K | $280K | |
| Equipment, fixtures, other fixed assets, construction, remodeling, leasehold improvements and decorating costsnot refundable | $50K | $450K | |
| Training expensesnot refundable | $5K | $11K | |
| Employeesnot refundable | $16K | $19K | |
| Inventory to begin operatingnot refundable | $2K | $10K | |
| Security deposits (excluding real estate), utility deposits, business licenses, and other prepaid expenses | $1K | $35K | |
| Professional Feesnot refundable | $5K | $50K | |
| Insurancenot refundable | $2K | $7K | |
| Uniformsnot refundable | $2K | $5K | |
| Office supplies and equipmentnot refundable | $4K | $11K | |
| Promotional materials (including stationery & advertising materials)not refundable | $5K | $25K | |
| Local Advertisingnot refundable | $2K | $20K | |
| Security Cameras and Monitoring System (hardware and software)not refundable | $2K | $10K | |
| Additional Funds - three monthsnot refundable | $92K | $182K | |
| Development Fees (Area Developer)not refundable | $180K | $180K | |
| Total initial investment | $839K | $2.3M |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $659K – $2.1M
- Below avg, review vs category
- Liquid capital req'd
- $92K – $182K
- Below avg, review vs category
- Franchise fee
- $60K – $60K
- Below avg, review vs category
- Royalty
- 12.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- Up to 2% of Gross Revenue
- Total fee load
- 14.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 12.0% of gross sales |
| Technology fee | $6K |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 14.0% of rev |
Financial Performance
This brand's FDD disclosed "Membership and Revenue Per Member Statistics" in Item 19 rather than annual gross sales. This metric cannot be directly compared across brands, so we omit it from rankings.
vs Health & Fitness averages
How Shoot 360 Gyms Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 42
- 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
- 0.0%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 95%
- vs corporate-owned
- Net growth (yr3)
- +33.3%
- Net unit change last year
- 3-yr CAGR
- +73.9%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 3
- Transfer rate
- 7.1%
- Owners selling to other franchisees
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 30 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.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 48
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Shoot 360 presents meaningful risk due to undisclosed financials, going concern uncertainty, high royalties, and aggressive growth that may outpace sustainable franchisee profitability.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 12 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed—unable to validate ROI claims or profitability benchmarks
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability at corporate level
- 03MEDHigh royalty rate (12%) combined with undisclosed net income creates profitability opacity
- 04MINORWide investment range ($658.5K–$2.14M) suggests inconsistent unit economics or site-dependent performance
- 05MINORRapid growth (33.3% YoY) in 42-unit system may indicate oversaturation risk and franchisee cannibalization
- 06HIGHNo litigation disclosed but going concern flag suggests possible undisclosed disputes or compliance issues
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 | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 20 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Oregon |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 65 hrs
- On-the-job training
- 40 hrs
- Training location
- On-site and corporate
- POS system
- POS System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: POS System
Item 20 · call current owners
Franchisee Contacts
57 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Shoot 360 Gyms · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Shoot 360 Gyms franchise?
The total investment to open a Shoot 360 Gyms franchise ranges from $659K – $2.1M, 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 Shoot 360 Gyms franchise owners earn?
Shoot 360 Gyms 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 Shoot 360 Gyms's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Shoot 360 Gyms (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 Shoot 360 Gyms franchise locations are there?
As of their most recent FDD filing, Shoot 360 Gyms has 42 total units in the United States, including 23 franchised units and 2 company-owned units. 10 new units were opened in the latest reporting year.
Is Shoot 360 Gyms a good franchise to buy?
FranchiseVerdict rates Shoot 360 Gyms as a A-grade franchise with a risk score of 12 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.