Sweat440Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A SWEAT440 franchise requires a total initial investment of $285K – $668K, including a $60K franchise fee. Per the 2025 FDD, average unit revenue was $718K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $285K – $668K
- 56th pct Health & Fitn…
- Avg gross sales
- $718K
- 37th pct Health & Fitn…
- Royalty
- N/A
- Units
- 22
- 56th 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
Franchised units fell from 17 to 5 over 3 years. Investigate why operators are leaving.
116% cash-on-cash return (based on EBITDA). Above the 20% threshold most investors target.
Bottom line
- Total investment $285K – $668K including a $60K franchise fee.
- Average unit revenue of $718K/year (median $671K), with an estimated 116% cash-on-cash return (based on EBITDA).
- Verdict A (Top Quintile) with a risk score of 23/100.
- System growing at 240.0% CAGR over 3 years with 22 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Sweat440 Franchise Systems, LLC
- Parent company
- Brickhouse Athletics, LLC
- Incorporated in
- FL
- HQ
- 1919 Purdy Avenue, Miami Beach, Florida 33139
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $452K
- vs $1.0M prior year
Overview
About
SWEAT440 franchisees operate high-intensity interval training (HIIT) fitness studios offering 40-minute group workout classes. Daily operations include managing class schedules, instructor recruitment/training, member retention programs, facility maintenance, and sales/marketing to drive membership subscriptions and class attendance.
- CEO
- Cody Patrick
- Headquarters
- FL
- Founded
- 2018
- FDD year
- 2025
- States available
- 6
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $60K | $60K |
| Working capital (3–6 mo) | $20K | $50K |
| Equipment, build-out, other | $205K | $558K |
| Total initial investment | $285K | $668K |
Source: SWEAT440 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$208K
29.0% margin
Unlevered ROIC
41%
EBITDA / total invested capital
Payback
29 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $285K – $668K
- Near category avg vs category
- Liquid capital req'd
- $20K – $50K
- Better than avg vs category
- Franchise fee
- $60K – $60K
- Below avg, review vs category
- Royalty
- Greater of: (a) 7% of weekly Gross Sales; or (b) $350 per…
- Ad fund
- $420 per month
- Total fee load
- 7.0%
- vs 9–13% typical
- Payback period
- 0.9 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $695 |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $718K
- Per unit, per year
- Median gross sales
- $671K
- Avg ebitda
- $554K
- Reported as EBITDA in FDD Item 19
- Cash-on-cash
- 116.3%
- Based on EBITDA / investment midpoint
- Item 19 type
- gross_sales
- Sample size
- 17 units
- vs category median 11
- Range (low → high)
- $137K→$1.5M
- Cohort dispersion (min → max)
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 180 Health & Fitness brands
vs Health & Fitness averages
How Sweat440 Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 22
- Opened
- 5
- Last reporting year
- Closed
- 1
- Turnover rate
- 4.5%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 77%
- vs corporate-owned
- Net growth (yr3)
- +30.8%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 5 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 loan disclosures. This brand has only 9 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 9
- Loan volume
- $4.2M
- Median loan
- $465K
- 50th percentile
- 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
- 7
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Sweat440's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 7 lenders with concentration factor
- Per-state charge-off rates across 5 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage boutique fitness franchise with unsubstantiated financial claims, high capital requirements, and aggressive growth trajectory presenting moderate-to-high risk for franchisee capital recovery.
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 23 / 100 rating
- 01MEDNo Item 19 (Financial Performance Representations) disclosed - cannot independently verify claimed $718k avg revenue and $553k avg net income
- 02MINORHigh initial investment ($284.9k-$667.9k) with dual royalty structure (7% or $350/week minimum) creates significant fixed cost burden
- 03MINORRapid unit growth (30.8% YoY) from small base (22 units) suggests early-stage system vulnerability - growth sustainability unproven
- 04MINORMinimum royalty of $350/week ($18.2k annually) represents 2.5% floor even on lower-performing locations, limiting downside protection
- 05HIGHGoing Concern status is FALSE but financial stability of franchisor not independently verified
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 | Radius and Population |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 30 hrs
- On-the-job training
- 18 hrs
- POS system
- Mariana Tek
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Mariana Tek
Item 20 · call current owners
Franchisee Contacts
12 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
SWEAT440 · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a SWEAT440 franchise?
The total investment to open a SWEAT440 franchise ranges from $285K – $668K, 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 SWEAT440 franchise owners earn?
According to Item 19 of the SWEAT440 FDD, the average gross sales per unit is $718K. The median is $671K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is SWEAT440's franchise failure rate?
SBA 7(a) loan charge-off data is not available for SWEAT440 (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 SWEAT440 franchise locations are there?
As of their most recent FDD filing, SWEAT440 has 22 total units in the United States, including 17 franchised units and 5 company-owned units. 5 new units were opened in the latest reporting year.
Is SWEAT440 a good franchise to buy?
FranchiseVerdict rates SWEAT440 as a A-grade franchise with a risk score of 23 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.