FranchiseVerdict
Yoga Six logo
FV-03020·MODERATEExcellent95

Yoga Six

Health & FitnessFranchising since 2018Website
Investment
$529K – $826K
89th pct Health & Fitn…
Avg revenue
$489K
24th pct Health & Fitn…
Royalty
7.0%
27th pct Health & Fitn…
Units
192
89th pct Health & Fitn…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $529K – $826K including a $60K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $489K/year (median $468K).
  • Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 121 loans (below the industry average).
  • 14 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Yoga Six Franchise SPV, LLC
Parent company
XPOF Assetco, LLC
Incorporated in
Delaware
HQ
17877 Von Karman Ave., Suite 100, Irvine, California 92614
Auditor
Deloitte & Touche LLP
Audited financials
Franchisor revenue
$521K
vs $204.6M 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 Yoga Six unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $488,615
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: $529K–$826K
Working capital
$
FDD reports $25K–$66K

Unlevered ROIC · per unit

20%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$142K
EBITDA margin
29.0%
Total invested
$723K
Payback
61 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Yoga Six units return on equity?

Edit assumptions

Equity IRR · 5-yr

45.5%

6.52× MOIC

Year-1 DSCR

1.97×

EBITDA ÷ debt service

Equity required

$2.5M

on $10.7M purchase

Total debt

$8.2M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.4M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate boutique yoga studios offering group fitness classes, typically managing 15-30+ instructors, handling member retention/billing systems, and overseeing facility operations including cleaning, scheduling, and community marketing. Day-to-day responsibilities include staff management, class coordination, member acquisition, and ensuring brand compliance across studio atmosphere and instruction quality.

CEO
Michael Nuzzo
Founded
2023
FDD year
2025
States available
31

Item 7 · what it costs

The Vitals

Total investment
$529K – $826K
All-in to open one unit
Liquid capital
$25K – $66K
Cash you must have on hand
Franchise fee
$60K
Royalty
7.0%
Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$489K
Per unit, per year
Median gross sales
$468K
Item 19 type
Historical Gross Revenue
Sample size
162 units
vs category median 12 · large
Range (low → high)
$76K$1.2M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank24th
vs Health & Fitness peers
Investment cost rank89th
Lower investment ranks lower (better)
Royalty rate rank27th
Lower royalty = lower percentile (better)
Unit count rank89th
vs Health & Fitness peers
Risk score rank50th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
192
Opened
30
Last reporting year
Closed
23
Turnover rate
12.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+3.8%
Net unit change last year
3-yr CAGR
+20.8%
Compounded over last 3 years
2023
192+7
Franchised units
2024
185
Franchised units
2025
159
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 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
Available · 15 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
121
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

61
Risk · 0-100
MODERATE61 / 100

Yoga Six presents HIGH RISK due to active litigation for fraud/regulatory violations, undisclosed profitability metrics, stagnant unit growth, and corporate financial instability—unsuitable for risk-averse investors.

Score breakdown · what drove the 61 / 100 rating

  1. 01HIGHActive litigation involving fraud allegations and franchise law violations with regulatory consent orders indicating disclosure compliance failures
  2. 02HIGHGoing concern status is FALSE, suggesting potential financial instability at corporate level
  3. 03MINORSlow unit growth of only 3.8% YoY with 192 units indicates stagnation or market saturation challenges
  4. 04MEDNo Item 19 (average net income) disclosed despite $488,615 average revenue—prevents ROI validation and suggests weak unit economics
  5. 05MINORHigh initial investment ($529K-$826K) combined with 7% royalty creates significant financial burden with unproven profitability
  6. 06MINORRegulatory consent orders demonstrate documented failures in franchise disclosure compliance and business practice standards

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
14
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
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
62 hrs
On-the-job training
33 hrs
POS system
ClubReady
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

94 numbers

Locked
(760) 908-••••
CA
(408) 886-••••
CA
(562) 551-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Yoga Six · FDD (2025) PDF

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