In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a StretchLab franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a StretchLab franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Section IV – News updates on the StretchLab franchise opportunity
Section V – Presentation and analysis of StretchLab’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- average gross revenue for each calendar month from February 2022 to January 2023 for the StretchLab studios that were owned and operated by a franchisee for the entire Measurement Period (except for permitted temporary closures) and were in operation for at least 12 calendar months when their results began to be included in the data set and as of the end of the calendar month for which their results were included (“Qualified Studios”)
Section VI – Key ratios, comparables, computations, and analyses for the StretchLab franchise opportunity (exclusive content for Platinum subscribers)
Section I – StretchLab Franchise Costs
- StretchLab franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $60,000
- Travel and Living Expenses While Training: $0 to $3,000
- Real Estate/Lease: $14,500 to $31,000
- Net Leasehold Improvements: $24,800 to $125,000
- Signage: $8,000 to $16,000
- Insurance: $1,100 to $2,500
- Payments in Connection with Fitness Equipment and Other Furniture, Fixtures, and Equipment Package – Deposit and First 3 Months of Operation: $4,500 to $14,000
- Pre-Sales and Soft Opening Retail Inventory Kit: $12,000
- Computer System and Related Equipment: $2,500 to $3,500
- Grand Opening Spend: $15,000
- Flexologist Training Program Fees: $6,800 to $8,500
- Technology Fee(s): $3,375
- Additional Funds – 3 Months: $10,000 to $40,000
- Total Estimated StretchLab Franchise Costs: $162,575 to $333,875
Section II – StretchLab’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- StretchLab’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $60,000
- Royalty: 8% of Gross Sales
- Brand Development Fund: 2% of Gross Sales
- Regional Co-Op: as the Co-Op determines
Section III – Number of Franchised and Company-Owned StretchLab Outlets
Franchised
2020
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- Outlets at the Start of the Year: 64
- Outlets at the End of the Year: 99
- Net Change: +35
2021
- Outlets at the Start of the Year: 99
- Outlets at the End of the Year: 148
- Net Change: +49
2022
- Outlets at the Start of the Year: 148
- Outlets at the End of the Year: 283
- Net Change: +135
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 1
- Net Change: +1
Section IV – News Updates on the StretchLab Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the StretchLab Franchise (Item 19, 2023 FDD)
- “Gross Revenue” means the total revenue generated by a given Studio during a particular calendar month within the Measurement Period, including all revenue generated from the sale and provision of any and all approved services at, from, or otherwise through, that Studio.
- Gross Revenue excludes (i) sales tax (that the Studio owner must pay directly to the appropriate taxing authority), and (ii) revenue the Studio may have generated by providing the Teacher Training Program. Please note, Gross Revenue is defined differently than how “Gross Sales” is defined in the Franchise Agreement, and as such, the amount of Royalty fees you pay under the Franchise Agreement may be different than if applied to Gross Revenue data provided below.
- “Measurement Period” means the period beginning on February 1, 2022 and ending on January 31, 2023. Each month in the Measurement Period is an entire calendar month.
- “Qualified Studio” means a Studio that was owned and operated by a franchisee for the entire Measurement Period (except for permitted temporary closures) and that was in operation for at least 12 calendar months when its results began to be included in the data set and as of the end of the calendar month for which its results were included. Qualified Studios do not include Studios that operated at Non-Traditional Sites. StretchLab includes data only for Studios that have been open for at least 12 months, because the performance of a Studio during its first 12 months is typically not representative of its long-term performance.
- “Non-Traditional Site” means any location that is situated within or as part of a larger venue or facility and, as a result, is likely to draw the predominance of its customers from those persons who are using or attending events in the larger venue or facility (for example, “big box” gyms and/or fitness facilities, cruise ships, military bases, shopping malls, airports, sports facilities and stadiums, industrial or office complexes, hotels, train stations and other transportation facilities, travel plazas, casinos, hospitals, theme parks, convention centers, colleges/universities, multi-unit residential properties, and other similar captive market locations).
Average Gross Revenue of Qualified Studios
- This Item 19 contains certain historical data related to the operation of Qualified Studios. The chart below reflects the average Gross Revenue of Qualified Studios during each calendar month in the Measurement Period.
- StretchLab calculated the average Gross Revenue for each calendar month by adding the total amount of monthly Gross Revenue generated by Qualified Studios, then dividing that number by the number of Qualified Studios for that calendar month.
- If a Qualified Studio was temporarily closed during a particular month, such Qualified Studio’s data was not used when calculating the average for that particular month.
- The data presented below is data StretchLab obtained from monthly profit and loss reports provided to it by franchisees of Qualified Studios. In each case, the data used was the franchisee’s data. StretchLab does not anticipate the data provided by current franchisees in this Item 19 will materially differ from that of a new franchisee.
- The below provides the data relevant to Qualified Studios that, as of the particular calendar month, were open and operating for at least 12 months:
- February 2022 (106 Studios): $51,468
- March 2022 (109 Studios): $55,009
- April 2022 (114 Studios): $53,721
- May 2022 (117 Studios): $53,657
- June 2022 (122 Studios): $51,350
- July 2022 (126 Studios): $50,775
- August 2022 (126 Studios): $52,796
- September 2022 (129 Studios): $52,658
- October 2022 (131 Studios): $51,954
- November 2022 (136 Studios): $56,813
- December 2022 (148 Studios): $49,190
- January 2023 (153 Studios): $49,857
- Total Annual Gross Revenue (February 2022 to January 2023): $629,248
- Average Monthly Gross Revenue (February 2022 to January 2023): $52,437
- Does not include Studios that operated at Non-Traditional Sites.
- Some Studios have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.
Section VI – StretchLab Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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