FranchiseVerdict
VOLOFIT logo
FV-02906·MODERATEStandard76

Volofit

Health & FitnessFranchising since 2020Website
Investment
$399K – $735K
74th pct Health & Fitn…
Avg revenue
58th pct Health & Fitn…
Royalty
7.0%
27th pct Health & Fitn…
Units
2
12th pct Health & Fitn…
SBA default
0.0%
vs <3% typical

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.
  • Rated MODERATE with a risk score of 66/100. SBA loan default rate of 0.0% across 10 loans (below the industry average).
  • 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
North Carolina
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

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 VOLOFIT unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: fitness
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $399K–$735K
Working capital
$
FDD reports $35K–$50K

Unlevered ROIC · per unit

36%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$218K
EBITDA margin
29.0%
Total invested
$609K
Payback
34 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

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
Founded
2020
FDD year
2023
States available
2

Item 7 · what it costs

The Vitals

Total investment
$399K – $735K
All-in to open one unit
Liquid capital
$35K – $50K
Cash you must have on hand
Franchise fee
$50K
Royalty
7.0%
Gross Receipts · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

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
2021
2+1
Franchised units
2022
1
Franchised units
2023
0
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 4 states
Not registered

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.

Total loans
10
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

66
Risk · 0-100
MODERATE66 / 100

Pre-revenue or distressed franchisor with only 2 units, zero financial transparency, going concern issues, and unprotected territories—extreme risk for $400K+ investment.

Score breakdown · what drove the 66 / 100 rating

  1. 01MINOROnly 2 franchised units in entire system with no corporate locations mentioned—indicates either pre-revenue or severely underperforming brand
  2. 02MINORNo average unit volume (AUV) or net income disclosure—inability or unwillingness to provide financial performance data is critical warning sign
  3. 03HIGHGoing Concern noted as False—suggests potential financial distress or viability questions with franchisor
  4. 04MINORUnprotected territory creates direct competition risk; franchisees could cannibalize each other's revenue in same market
  5. 05MINORHigh initial investment ($398.5K–$734.7K) combined with opaque financials creates severe ROI uncertainty
  6. 06MINOR100% unit growth (1→2 units) is statistically meaningless and masks stagnation; system is not scaling
  7. 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

Protected territory
No
Initial term
10 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
North Carolina

Item 11

Training & Operations

Classroom training
16 hrs
On-the-job training
0 hrs
POS system
MindBody/FitMetrix
Operating tech stack

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

4 numbers

Locked
(973) 699-••••
The franchisor is VOLOFIT Franchising, LLC
NC
(972) 979-••••
TX
(617) 939-••••
MA

One-time purchase · CSV download · Validation questions included

FDD download

VOLOFIT · FDD (2023) PDF

Single-page checkout · instant download · CSV export of contacts available separately above