Training MateFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Training Mate franchise requires a total initial investment of $320K – $605K, including a $50K franchise fee and an ongoing 5.0% royalty[2]. Per the 2026 FDD, average unit revenue was $737K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $320K – $605K
- 60th pct Health & Fitn…
- Avg gross sales
- $737K
- 39th pct Health & Fitn…
- Royalty
- 5.0%
- 1st pct Health & Fitn…
- Units
- 11
- 39th pct Health & Fitn…
- SBA default
- 0.0%
- system-wide median varies by category
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 7 to 2 over 3 years. Investigate why operators are leaving.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $320K – $605K including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $737K/year (median $771K).
- Verdict A (Top Quintile) with a risk score of 37/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Training Mate Franchising LLC
- CEO title
- Chief Executive Officer
- Luke Milton
- CEO experience
- 11 yrs
- Years in role or industry
- Incorporated in
- TX
- HQ
- 3858 Oak Lawn Ave., Ste. 430, Dallas, Texas 75219
- Auditor
- SMITH, BUZZI & ASSOCIATES, LLC
- Audited financials
- Franchisor revenue
- $132K
- vs $186K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
- ⚠ Going-concern note
- Disclosed in FDD 2026
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Training Mate franchisees operate personal training fitness facilities, likely offering one-on-one coaching, group classes, and fitness programming. Day-to-day operations involve client management, trainer scheduling, facility maintenance, marketing, and membership retention.
- CEO
- Luke Milton
- Headquarters
- TX
- Founded
- 2022
- FDD year
- 2026
- States available
- 2
FDD Item 7 · 2026 filing · 18 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $50K | |
| Travel and Living Expenses while Training | $2K | $4K | |
| Real Property Rent and Security Deposit | $32K | $65K | |
| Leasehold Improvements | $50K | $200K | |
| Site Evaluation and Space Planning | $5K | $7K | |
| Architectural Plans | $16K | $18K | |
| Project Management and General Contractor | $15K | $15K | |
| AED and First Aid Training | $0 | $2K | |
| Furniture, Fixtures, Decor, Computer Systems, Security Cameras, and TV/AV Equipment | $15K | $30K | |
| Signage | $10K | $20K | |
| Pre-Sales Marketing and Grand Opening Advertising | $10K | $20K | |
| Pre-Sale Coaching | $4K | $5K | |
| Licenses, Permits, and Certifications | $5K | $10K | |
| Insurance (3 Months) | $2K | $4K | |
| Initial Equipment and Studio Supplies Packagenot refundable | $65K | $75K | |
| Initial Inventory | $7K | $15K | |
| Professional Fees | $3K | $6K | |
| Additional Funds (3 months) | $30K | $60K | |
| Total initial investment | $320K | $605K |
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
$228K
31.0% margin
Unlevered ROIC
45%
EBITDA / total invested capital
Payback
27 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $320K – $605K
- Near category avg vs category
- Liquid capital req'd
- $30K – $60K
- Near category avg vs category
- Franchise fee
- $30K – $50K
- Near category avg vs category
- Royalty
- 5.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $150 |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $737K
- Per unit, per year
- Median gross sales
- $771K
- Item 19 type
- gross_sales
- Sample size
- 7 units
- vs category median 11
- Range (low → high)
- $447K→$1.0M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 180 Health & Fitness brands
vs Health & Fitness averages
How Training Mate Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 11
- Opened
- 4
- 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
- 4
- Corporate units in the system
- % franchised
- 64%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- +133.3%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 4
- Closed (3yr)
- 1
- Transfers (3yr)
- 1
- Projected new
- 5
- Franchisor's next-year forecast
- Transfer rate
- 9.1%
- Owners selling to other franchisees
- Ceased ops
- 9.1%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 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 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $508K
- Median loan
- $508K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
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
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Training Mate's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage fitness franchise with aggressive growth claims, non-transparent profitability, and insufficient franchisee population to validate business model sustainability.
Litigation (Item 3)
No litigation is required to be disclosed in Item 3
Largest disclosed settlement: $124,500
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · SMITH, BUZZI & ASSOCIATES, LLC⚠ Going-concern note flagged
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 37 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — unable to verify profitability claims or ROI timeline
- 02MINOROnly 11 units system-wide limits data reliability and peer support network despite 133% YoY growth
- 03MINORHigh initial investment range ($319K-$605K) with $49.5K franchise fee requires strong revenue verification
- 04MINORRoyalty structure starts at 5% year 1 then jumps to 6% — clarify if this applies to ALL franchisees or only new ones
- 05MINORExtremely small franchise system makes unit economics highly volatile and increases franchise support/viability concerns
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 |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 3 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 5 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 28 hrs
- On-the-job training
- 28 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Franchisor financing
- Offered
- Item 10
- POS system
- Mariana Tek POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Mariana Tek POS
Item 20 · call current owners
Franchisee Contacts
10 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Training Mate · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Training Mate franchise?
The total investment to open a Training Mate franchise ranges from $320K – $605K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Training Mate franchise owners earn?
According to Item 19 of the Training Mate FDD, the average gross sales per unit is $737K. The median is $771K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Training Mate's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Training Mate (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 Training Mate franchise locations are there?
As of their most recent FDD filing, Training Mate has 11 total units in the United States, including 7 franchised units and 4 company-owned units. 4 new units were opened in the latest reporting year.
Is Training Mate a good franchise to buy?
FranchiseVerdict rates Training Mate as a A-grade franchise with a risk score of 37 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.