Bottom line
- Total investment $320K – $605K including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $737K/year (median $771K).
- Rated STRONG with a risk score of 50/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
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 Training Mate unit return on the cash you put in?
Unlevered ROIC · per unit
45%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Training Mate units return on equity?
Equity IRR · 5-yr
31.2%
3.89× MOIC
Year-1 DSCR
2.58×
EBITDA ÷ debt service
Equity required
$7.4M
on $17.7M purchase
Total debt
$10.3M
SBA $5.0M + senior + seller note
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
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 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.
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.
Score breakdown · what drove the 50 / 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
Item 11
Training & Operations
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
3 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Training Mate · FDD (2026) PDF