Workout Anytime Franchise Cost, Revenue & Review 2026
- Investment
- $1.1M – $1.8M
- Disclosed sales
- $519K
- gross sales, not profit
- SBA charge-off
- 9.1%
- on 35 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Workout Anytime is a 24-hour access-gym franchise offering keyfob entry to affordable neighborhood clubs with cardio, weights, and training. Franchisees operate lightly staffed fitness centers built on recurring memberships.
FranchiseVerdict summary · 2026
A Workout Anytime franchise requires a total initial investment of $1.1M – $1.8M, including a $45K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $519K[2]. SBA 7(a) loans show a 9.1% charge-off rate across 35 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 7 headline figures on this page cite a page of the filing.
Overview
- Investment
- $1.1M – $1.8M
- 94th pct Health & Fitn…
- Avg gross sales
- $519K
- 21st pct Health & Fitn…
- Royalty
- 6.0%
- 13th pct Health & Fitn…
- Units
- 190
- 88th pct Health & Fitn…
- SBA charge-off
- 9.1%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Health & Fitness · color = vs category peers
Green = favorable by >10% vs Health & Fitness median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $1.1M – $1.8M including a $45K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $519K/year.
- RISKVerdict B (Above average), verdict score 53/100 (higher is better). SBA loan charge-off rate of 9.1% across 35 loans (near or below the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +5 franchised outlets in the latest year (12 opened, 7 closed); 108 signed but not yet open (Item 20).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Workout Anytime Franchising Systems, LLC
- Parent company
- Workout Anytime Global, LLC
- FDD Item 1, page 8 of the 2025 FDD
- CEO title
- Chief Executive Officer
- Jerry Pugh
- Incorporated in
- Georgia
- HQ
- 2325 Lakeview Parkway, Suite 200, Alpharetta, Georgia 30009
- Auditor
- Bennett Thrasher LLP
- Audited financials
- Franchisor revenue
- $9.2M
- vs $8.0M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
- CEO
- Jerry Pugh
- Headquarters
- GA
- Founded
- 2004
- FDD year
- 2025
- States available
- 21
Can you afford it, and what does the money buy?
Entry cost runs 270% above the typical health & fitness franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $45K | $45K | |
| Travel and Living Expenses While Trainingnot refundable | $1K | $2K | |
| Rent and Security Depositnot refundable | $8K | $20K | |
| Real Estate Improvements / Build-outnot refundable | $460K | $780K | |
| Key Tagsnot refundable | $150 | $150 | |
| Architect Feesnot refundable | $9K | $18K | |
| Furniture / Office Equipment and Suppliesnot refundable | $9K | $18K | |
| Initial Equipment Packagenot refundable | $420K | $780K | |
| Low Voltage AV and Door Accessnot refundable | $35K | $50K | |
| Signage (Exterior Club and Interior Graphics)not refundable | $20K | $40K | |
| Advertising + Start Strongnot refundable | $16K | $24K | |
| Deposits and Permitsnot refundable | $2K | $4K | |
| Insurancenot refundable | $6K | $9K | |
| Additional Fundsnot refundable | $30K | $50K | |
| Total initial investment | $1.1M | $1.8M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.1M – $1.8M
- Bottom third — review vs category
- Liquid capital req'd
- $30K – $50K
- Middle of category vs category
- Franchise fee
- $45K – $45K
- Top 40% of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $795 |
| Transfer fee | $34K |
| Renewal fee | $34K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales run 9% above the health & fitness norm.
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Workout Anytime until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$1.5M
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Workout Anytime unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
- Avg gross sales
- $519K
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 181 outlets
- vs category median 11 · large
- Range (low → high)
- $136K→$1.4MCited, not corroborated — printed on page 50 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $288K→$803K
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 173 Health & Fitness brands
Revenue is only 0.4x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $519K/year in gross sales. Revenue-to-investment ratio: 0.4x.
Fee burden
Total ongoing fee load of 8.0% (near the Health & Fitness median).
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 13.8% CAGR over 3 years across 190 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Health & Fitness medians
How Workout Anytime Compares
Category median of published Health & Fitness brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 190
- Opened
- 12
- Last reporting year
- Closed
- 7
- Terminated
- 7
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 3.7%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +13.8%
- Net unit change over 3 years
- 3-yr CAGR
- +13.8%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 7
- Not renewed
- 0
- Transferred
- 8
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 108
- 0.57 per open outlet · Item 20 Table 5
- Projected new
- 26
- Franchisor's next-year forecast
- Termination rate
- 0.1%
- Franchisor-initiated terminations
- Ceased ops
- 0.1%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 21 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
21
states with franchisees (per FDD Item 12)
Where the owners are · Item 20 owner list
1 current owner across 1 state.
- OH 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 35
- Loan volume
- $25.7M
- Median loan
- $600K
- 50th percentile
- Charge-off rate
- 9.1%
- on 35 loans · 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)
- 90.9%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 14
- Defaults
- 1
- Typical loan rate
- 8.1%
- avg rate to borrowers
- Franchised industry avg
- 15.8%
- brand beats franchise avg ↓
- Jobs supported
- 305
- 1.2 per loan
- Lender concentration
- 37%
- top lender's share
Borrower mix: 49% went to startups / new businesses, 51% to established operators
Franchise vs independent — in fitness and recreational sports centers, franchised businesses charge off at 15.8% vs 18.2% for independents — franchising is associated with 13% lower SBA default risk in this category.
Top lenders financing Workout Anytime franchisees
Showing 3 of 14 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Workout Anytime from SBA 7(a) FOIA data.
- Principal loss rate
- 1.2%
- Avg SBA guarantee
- 77%
- Avg interest rate
- 8.07%
- Avg chargeoff amount
- $303K
- Lender concentration
- 37.1%
- Job velocity
- 1.2 per $100K
- Startup risk premium
- -14.3pp
- NAICS benchmark
- 12.5%
- NAICS 713940
- Jobs supported
- 305
Top SBA lendersTop lender holds 37% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Cadence Bank | 13 | $10.3M | 20.0% |
| 2 | Live Oak Banking Company | 5 | $3.5M | 0.0% |
| 3 | Citizens Bank | 3 | $2.0M | 0.0% |
| 4 | Brookline Bank, a Division of Beacon Bank and Trust | 2 | $3.9M | 0.0% |
| 5 | Newtek Small Business Finance, Inc. | 2 | $1.5M | N/A |
| 6 | Wells Fargo Bank National Association | 2 | $463K | 0.0% |
| 7 | First Financial Bank, National Association | 1 | $279K | N/A |
| 8 | Community Bank of Pickens County | 1 | $540K | N/A |
| 9 | First Bank of the Lake | 1 | $1.1M | N/A |
| 10 | BayFirst National Bank | 1 | $150K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| GAGeorgia | 9 | 0 | 0.0% |
| FLFlorida | 7 | 0 | 0.0% |
| TNTennessee | 7 | 1 | 50.0% |
| NCNorth Carolina | 3 | 0 | 0.0% |
| TXTexas | 3 | 0 | 0.0% |
| ALAlabama | 1 | 0 | -- |
| AZArizona | 1 | 0 | -- |
| ILIllinois | 1 | 0 | -- |
| KYKentucky | 1 | 0 | -- |
| OHOhio | 1 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 9.1% — 43% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Negative net worth of -$711,443 and financial_distress flagged, though net income is strongly positive at $2,487,057 on revenue of $9.2M across 190 franchised units. One concluded franchisee dispute. Growth healthy at 13.8%; turnover moderate 3.7%. Item 19 disclosed and audited.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
One concluded case (KBB Fitness, Inc. v. Workout Anytime Franchising Systems, LLC, Superior Court of Fulton County, GA, filed 2/10/2017): franchisee sought injunction over threatened termination and royalty calculation dispute (inclusion of personal training revenue in Gross Revenue); franchisor counterclaimed for breach, Lanham Act violation, unfair competition, trademark infringement, and Georgia Deceptive Trade Practices Act violation; case dismissed with prejudice 2/28/2018 after franchisor consented to franchisee's transfer.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Bennett Thrasher LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total revenues include Royalty and monthly fees, Commissions, Initial franchise fees, and Other revenue.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 53 / 100 verdict
- 01MINORNegative net worth -$711,443 with distress flag
- 02MINORPositive net income $2,487,057 offsetting
- 03HIGHOne concluded litigation matter
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory sizeℹ | Radius or natural boundaries |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Georgia |
| Litigation count | 1 |
View Item 3 litigation summary
One concluded case (KBB Fitness, Inc. v. Workout Anytime Franchising Systems, LLC, Superior Court of Fulton County, GA, filed 2/10/2017): franchisee sought injunction over threatened termination and royalty calculation dispute (inclusion of personal training revenue in Gross Revenue); franchisor counterclaimed for breach, Lanham Act violation, unfair competition, trademark infringement, and Georgia Deceptive Trade Practices Act violation; case dismissed with prejudice 2/28/2018 after franchisor consented to franchisee's transfer.
Items 10, 11
Training & Operations
- Classroom training
- 77 hrs
- On-the-job training
- 46 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Site selection
- franchisor-approved leasing agents / franchisor site selection guidelines and optional on-site evaluation
- Franchisor financing
- Offered
- Item 10
- POS system
- ABC Fitness Solutions / DataTrak
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: ABC Fitness Solutions / DataTrak
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Workout Anytime franchise?
The total investment to open a Workout Anytime franchise ranges from $1.1M – $1.8M, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Workout Anytime franchise owners earn?
According to Item 19 of the Workout Anytime FDD, the average gross sales per unit is $519K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Workout Anytime?
Workout Anytime is franchised by Workout Anytime Franchising Systems, LLC. Its parent company is Workout Anytime Global, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Workout Anytime FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Workout Anytime FDD and qualifies whose outlets they describe.
What is Workout Anytime's franchise failure rate?
Based on SBA 7(a) loan data, Workout Anytime has a charge-off rate of 9.1% across 35 loans, meaning 9.1% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Workout Anytime franchise locations are there?
As of their most recent FDD filing, Workout Anytime has 190 total units in the United States, including 190 franchised units and 0 company-owned units. 12 new units were opened in the latest reporting year.
Is Workout Anytime a good franchise to buy?
FranchiseVerdict rates Workout Anytime as a B-grade franchise with a verdict score of 53 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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
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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.