Iron 24 vs My Gym
Franchise Comparison 2026
Both Iron 24 and My Gym are health & fitness franchises. Iron 24 requires an investment of $201K – $481K while My Gym requires $241K – $426K. My Gym has SBA lending data on file with a 37.5% charge-off rate. FranchiseVerdict rates Iron 24 D (Below Average) and My Gym F (Bottom Quintile).
| Metric | Iron 24 | My Gym |
|---|---|---|
| Verdict Grade | CAverageAverage | FBottom QuintileBottom Quintile |
| Investment Range | $201K – $481K | $241K – $426K |
| Franchise Fee | $39K | $55K |
| Royalty Rate | The greater of (i) 7% of Net Sales or (ii) the Minimum Royalty Fee of $500 per month | 7.0% |
| Average Revenue (Item 19) | N/A | N/A |
| SBA Charge-Off Rate | Limited data | 37.5% (89 loans) |
| Total Units | 7 | 166 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2022 | 1995 |
| FDD Year | 2024 | 2025 |
Investment Range
$201K – $481K
$241K – $426K
Franchise Fee
$39K
$55K
Royalty Rate
The greater of (i) 7% of Net Sales or (ii) the Minimum Royalty Fee of $500 per month
7.0%
Average Revenue (Item 19)
N/A
N/A
SBA Charge-Off Rate
Limited data
37.5% (89 loans)
Total Units
7
166
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2022
1995
FDD Year
2024
2025