Bottom line
- Total investment $1.1M – $1.8M including a $45K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $519K/year (median $460K).
- Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 88 loans (below the industry average).
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 Workout Anytime unit return on the cash you put in?
Unlevered ROIC · per unit
10%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Workout Anytime units return on equity?
Equity IRR · 5-yr
40.8%
5.54× MOIC
Year-1 DSCR
2.09×
EBITDA ÷ debt service
Equity required
$3.3M
on $11.9M purchase
Total debt
$8.6M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate 24-hour fitness centers offering gym memberships, personal training, group classes, and ancillary services. Day-to-day operations include managing front desk staff, maintaining equipment, scheduling trainers, managing memberships via software, marketing locally, and ensuring facility cleanliness and safety compliance.
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 · 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 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
A mature fitness franchise with stagnant growth, unproven unit economics, and a history of legal disputes over royalty enforcement and termination practices.
Score breakdown · what drove the 51 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — impossible to assess actual profitability against $1.06M–$1.84M investment
- 02MINORMinimal system growth of 2.7% YoY with only 190 units suggests market saturation or franchisee struggles
- 03HIGH2017 litigation involving threatened termination, royalty disputes, and trademark violations indicates franchisor-franchisee tension
- 04MEDHigh initial investment ($1.06M–$1.84M) with undisclosed returns creates significant downside risk
- 05MINORFranchise fee ($45K) is moderate, but combined with capex and royalties limits early profitability
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
100 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Workout Anytime · FDD (2025) PDF