VolofitFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A VOLOFIT franchise requires a total initial investment of $399K – $735K, including a $50K franchise fee and an ongoing 7.0% royalty[2]. The 2023 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2023 FDD issuance
Overview
- Investment
- $399K – $735K
- 74th pct Health & Fitn…
- Avg gross sales
- N/A
- 59th pct Health & Fitn…
- Royalty
- 7.0%
- 28th pct Health & Fitn…
- Units
- 2
- 11th pct Health & Fitn…
- SBA default
- 100.0%
- 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 2 to 0 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $399K – $735K including a $50K franchise fee, 7.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 82/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- VOLOFIT Franchising, LLC
- Parent company
- Novus Fitness Brands, LLC
- Incorporated in
- NC
- HQ
- 2820 Selwyn Avenue., Suite 692, Charlotte, NC 28209
- Auditor
- Bernard Robinson & Company, L.L.P.
- Audited financials
- Franchisor revenue
- $313K
- vs $467K prior year
Overview
About
VOLOFIT appears to be a fitness franchise concept (likely boutique fitness studio based on naming convention). Franchisees would operate a gym/fitness facility, managing memberships, fitness classes, personal training services, and facility operations. Daily responsibilities likely include staff management, class scheduling, member retention, equipment maintenance, and revenue generation through dues and ancillary services.
- CEO
- Andrew (“Britt”) Canady
- Headquarters
- NC
- Founded
- 2020
- FDD year
- 2023
- States available
- 2
FDD Item 7 · 2023 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $35K | $50K |
| Equipment, build-out, other | $314K | $635K |
| Total initial investment | $399K | $735K |
Source: VOLOFIT 2023 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
- $399K – $735K
- Below avg, review vs category
- Liquid capital req'd
- $35K – $50K
- Below avg, review vs category
- Franchise fee
- $30K – $50K
- Near category avg vs category
- Royalty
- 7.0%
- Gross Receipts · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $950 |
| Transfer fee | $10K |
| Renewal fee | $2K |
| Total fee load | 9.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Health & Fitness averages
How Volofit Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- Opened
- 1
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- Outlier
- Reported value implausible. See FDD Item 20
- Net growth (yr3)
- +100.0%
- 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 · 4 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
- $1.5M
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- 100.0%
- 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)
- 0.0%
- 5-yr charge-off
- 100.0%
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Volofit'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
- 2-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Pre-revenue or distressed franchisor with only 2 units, zero financial transparency, going concern issues, and unprotected territories—extreme risk for $400K+ investment.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Bernard Robinson & Company, L.L.P.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 82 / 100 rating
- 01MINOROnly 2 franchised units in entire system with no corporate locations mentioned—indicates either pre-revenue or severely underperforming brand
- 02MINORNo average unit volume (AUV) or net income disclosure—inability or unwillingness to provide financial performance data is critical warning sign
- 03HIGHGoing Concern noted as False—suggests potential financial distress or viability questions with franchisor
- 04MINORUnprotected territory creates direct competition risk; franchisees could cannibalize each other's revenue in same market
- 05MINORHigh initial investment ($398.5K–$734.7K) combined with opaque financials creates severe ROI uncertainty
- 06MINOR100% unit growth (1→2 units) is statistically meaningless and masks stagnation; system is not scaling
- 07MED7% royalty on undisclosed revenue means franchisees cannot model cash flow or break-even scenarios
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 |
| Protected territory | No |
| Online sales rights | Granted |
| 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 | Yes |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 0 hrs
- Training location
- Off-site and on-site
- POS system
- MindBody/FitMetrix
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: MindBody/FitMetrix
Item 20 · call current owners
Franchisee Contacts
4 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
VOLOFIT · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a VOLOFIT franchise?
The total investment to open a VOLOFIT franchise ranges from $399K – $735K, 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 VOLOFIT franchise owners earn?
VOLOFIT 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 VOLOFIT's franchise failure rate?
SBA 7(a) loan charge-off data is not available for VOLOFIT (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 VOLOFIT franchise locations are there?
As of their most recent FDD filing, VOLOFIT has 2 total units in the United States, including 2 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is VOLOFIT a good franchise to buy?
FranchiseVerdict rates VOLOFIT as a F-grade franchise with a risk score of 82 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.
For franchisors
Are you the franchisor?
If you represent VOLOFIT, you can request corrections or provide updated information.
Claim this brandOther Health & Fitness franchises
Compare similar franchise opportunities in the Health & Fitness category
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.