FranchiseVerdict
Shoot 360 Gyms logo
FV-02305·STRONGExcellent81

Shoot 360 Gyms

Health & FitnessFranchising since 2019Website
Investment
$659K – $2.1M
91st pct Health & Fitn…
Avg revenue
58th pct Health & Fitn…
Royalty
12.0%
68th pct Health & Fitn…
Units
42
66th pct Health & Fitn…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $659K – $2.1M including a $60K franchise fee, 12.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 48 loans (below the industry average).
  • 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.
Incorporated in
Washington
HQ
12403 NE 60th Way, #D-1, Vancouver, WA 98682
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$6.5M
vs $7.3M prior 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 Shoot 360 Gyms unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $659K–$2.1M
Working capital
$
FDD reports $92K–$182K

Unlevered ROIC · per unit

11%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$173K
EBITDA margin
23.0%
Total invested
$1.5M
Payback
107 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.

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
Founded
2019
FDD year
2025
States available
25

Item 7 · what it costs

The Vitals

Total investment
$659K – $2.1M
All-in to open one unit
Liquid capital
$92K – $182K
Cash you must have on hand
Franchise fee
$60K
Royalty
12.0%
Percentage of Gross Revenue · typical 6–8%
Ad fund
Up to 2% of Gross Revenue
Total fee load
14.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
42
Opened
10
Last reporting year
Closed
0
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
2023
40+10
Franchised units
2024
30
Franchised units
2025
23
Franchised units

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).

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 · 30 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.

Total loans
48
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

54
Risk · 0-100
STRONG54 / 100

Shoot 360 presents meaningful risk due to undisclosed financials, going concern uncertainty, high royalties, and aggressive growth that may outpace sustainable franchisee profitability.

Score breakdown · what drove the 54 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed—unable to validate ROI claims or profitability benchmarks
  2. 02HIGHGoing Concern status is FALSE, indicating potential financial instability at corporate level
  3. 03MEDHigh royalty rate (12%) combined with undisclosed net income creates profitability opacity
  4. 04MINORWide investment range ($658.5K–$2.14M) suggests inconsistent unit economics or site-dependent performance
  5. 05MINORRapid growth (33.3% YoY) in 42-unit system may indicate oversaturation risk and franchisee cannibalization
  6. 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

Territory
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
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Oregon

Item 11

Training & Operations

Classroom training
65 hrs
On-the-job training
40 hrs
POS system
POS System
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

57 numbers

Locked
(314) 409-••••
MO
(310) 600-••••
CA
(785) 550-••••
KS

One-time purchase · CSV download · Validation questions included

FDD download

Shoot 360 Gyms · FDD (2025) PDF

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