Upgrade LabsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Upgrade Labs franchise requires a total initial investment of $752K – $1.5M, including a $65K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $752K – $1.5M
- 75th pct Healthcare
- Avg gross sales
- N/A
- 48th pct Healthcare
- Royalty
- N/A
- Units
- 7
- 23rd pct Healthcare
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = >15% above Healthcare 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 franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $752K – $1.5M including a $65K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 48/100.
- 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
- Upgrade Labs Franchise, Inc.
- Parent company
- Upgrade Labs Holdings, Inc.
- Incorporated in
- DE
- HQ
- 9295 Lake Park Drive, P203, Fort Myers, Florida 33919
- Auditor
- MUHAMMAD ZUBAIRY, CPA PC
- Audited financials
- Franchisor revenue
- $93K
- vs $400K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Upgrade Labs operates premium biohacking and longevity wellness facilities offering cryotherapy, hyperbaric oxygen, IV therapy, and other performance-enhancement services. Franchisees manage day-to-day operations of high-touch, membership-based wellness centers targeting affluent health-conscious consumers, handling member acquisition, retention, clinical staff oversight, and equipment maintenance.
- CEO
- David Asprey
- Headquarters
- FL
- Founded
- 2021
- FDD year
- 2025
- States available
- 4
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $65K | $65K |
| Working capital (3–6 mo) | $50K | $75K |
| Equipment, build-out, other | $637K | $1.4M |
| Total initial investment | $752K | $1.5M |
Source: Upgrade Labs 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $752K – $1.5M
- Below avg, review vs category
- Liquid capital req'd
- $50K – $75K
- Near category avg vs category
- Franchise fee
- $65K – $65K
- Below avg, review vs category
- Royalty
- Greater of $2,500 or 7.5% of Gross Sales
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $3K |
| Transfer fee | $50K |
| Renewal fee | $35K |
| Total fee load | 9.5% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Healthcare averages
How Upgrade Labs Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 7
- Opened
- 4
- Last reporting year
- Closed
- 1
- Turnover rate
- 14.3%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +150.0%
- Net unit change last year
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 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 5 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 5
- Loan volume
- $3.4M
- Median loan
- $600K
- 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)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Upgrade Labs's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 3 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 biotech/wellness franchise with minimal unit history, undisclosed financials, and high capital requirements presents elevated risk despite no litigation or going concern issues.
Audited financials (Item 21)
Yes · MUHAMMAD ZUBAIRY, CPA PC⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 48 / 100 rating
- 01MINORNo Item 19 financial performance representation — cannot verify average unit economics or validate claimed 150% YoY growth credibility
- 02MINOROnly 7 units in system creates extreme difficulty validating unit profitability, territory viability, and operational scalability
- 03MINORHigh initial investment ($751.5K–$1.5M+) paired with non-transparent revenue/profit metrics creates significant financial risk for franchisees
- 04MINORAggressive 150% YoY growth rate (7 units) is statistically unreliable — could indicate unsustainable expansion or selective reporting
- 05MINORDual royalty structure (greater of $2,500 or 7.5%) may create cash flow stress for locations struggling to reach $33,333 monthly gross sales
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 | 3 |
| Territory type | Population |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| 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
- 42 hrs
- On-the-job training
- 3 hrs
- POS system
- Zenoti
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Zenoti
Item 20 · call current owners
Franchisee Contacts
12 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Upgrade Labs · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Upgrade Labs franchise?
The total investment to open a Upgrade Labs franchise ranges from $752K – $1.5M, with an initial franchise fee of $65K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Upgrade Labs franchise owners earn?
Upgrade Labs 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 Upgrade Labs's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Upgrade Labs (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 Upgrade Labs franchise locations are there?
As of their most recent FDD filing, Upgrade Labs has 7 total units in the United States, including 0 franchised units and 0 company-owned units. 4 new units were opened in the latest reporting year.
Is Upgrade Labs a good franchise to buy?
FranchiseVerdict rates Upgrade Labs as a A-grade franchise with a risk score of 48 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.