How much does a 9Round franchise cost?
A prospective U.S. franchisee should plan around an Estimated Initial Investment of $160,449 to $390,300 for a new 9ROUND Center under the 2026 Franchise Disclosure Document. That range includes the Initial Franchise Fee, premises work, required systems and equipment, launch marketing, training travel, and Additional Funds for the first three months. It is not the same as the cash qualification, net-worth requirement, or the monthly fees paid after opening.
2026 FDD Item 7 range for a new 9ROUND Center. The cover states that $44,850 to $51,400 of the investment is paid to the franchisor or an affiliate. The range includes $25,000 to $61,000 of Additional Funds for a three-month initial operating period, but excludes financing costs, debt service, living expenses, and the purchase of real property. Source: 2026 9Round Franchising, LLC FDD, cover and Item 7, pp. 15–20.
Legal franchisor: 9Round Franchising, LLC, a South Carolina limited liability company with no controlling parent company. Document: 2026 U.S. Franchise Disclosure Document, issued April 16, 2026. Cost sections reviewed: Items 5, 6, 7, 8, 10, 11, and 17. Applicable offer: one or more 9ROUND Centers; the cover-page total is specifically stated for a new unit. Information checked: July 19, 2026. A matching public copy of this 2026 FDD was not located on the franchisor-controlled website, so FDD Item and page citations are presented as unlinked text. The franchisor's current public figures can be compared on its official U.S. investment and qualification page.
Capital snapshot
The six figures below answer different questions. One is a contract payment, one is a working-capital allowance inside the total, one is a required opening package, one is a continuing charge, and two are financial-screening thresholds. None can be substituted for another when deciding whether available capital is sufficient.
New single Center; paid in full when the Franchise Agreement is signed.
Three months of working capital; already included in the Item 7 total.
Opening Equipment and Inventory Package, before opening.
Monthly; the greater of $600 or 6% of Net Sales.
Current official website requirement; not an Item 7 expenditure.
Current official website requirement; net worth is not available cash.
The screening thresholds should be viewed as entry conditions rather than a funding plan. The lower end of the opening range is more than twice the stated cash threshold, and much of the spending occurs before operations can generate receipts. A candidate who meets the public qualification can therefore still face a funding gap once deposits, construction draws, vendor orders, launch activity, and the opening reserve are placed on a calendar. The useful exercise is to map each obligation to the date it becomes payable, identify which amounts must remain available without lender proceeds, and keep personal living needs outside the business budget. That approach also prevents a common error: treating asset value on a personal balance sheet as though it were immediately spendable cash. The two public thresholds describe financial capacity; they do not reduce the contractual payments or the third-party invoices shown below.
What is included in the 2026 initial investment range?
The 2026 Item 7 total contains 23 expenditure categories. The largest swing comes from Leasehold Improvements, while required technology, security, exercise equipment, marketing, and working capital create substantial costs even before local construction variation is considered. The FDD assumes a leased Center rather than purchased real estate.
Contract, site, and premises costs
The premises portion has the broadest uncertainty because the estimate depends on the condition of the space, landlord concessions, local labor and material prices, building-code work, and the amount of construction needed. The low end is not a promise that a newly leased shell can be completed for that amount.
| Item 7 expenditure | 2026 range | When due | Payee |
|---|---|---|---|
| Initial Franchise Fee | $14,900–$19,900 | At Franchise Agreement signing | 9Round Franchising, LLC |
| Lease Deposits, Utilities, and Insurance | $2,000–$7,500 | Before opening | Landlord, utilities, insurer |
| Leasehold Improvements | $10,000–$110,200 | Before opening | Contractors |
| Leasehold Finishes and Fixtures | $6,000–$25,000 | Before opening | Contractors |
| Sound Proofing (optional) | $0–$10,000 | Before opening | Contractors |
| Exterior Signage | $2,000–$12,000 | Before opening | Approved vendors |
Source: 2026 9Round Franchising, LLC FDD, Item 7, pp. 15–19. The table's $10,000 low end for Leasehold Improvements can reflect limited work; the Item 7 note says a new location is typically $40,000 to $110,200, while an existing Center may require considerably less.
The site assumption is especially sensitive to what the landlord delivers. A space that already has suitable restrooms, electrical capacity, flooring, walls, climate control, and accessible entry can require a different scope from an empty shell. A tenant-improvement allowance can reduce the franchisee's direct construction payment, but it may also be tied to lease terms, reimbursement documentation, completion deadlines, or rent structure. Deposits and initial premiums are different again: they can be due before contractors start and may not be recoverable. The operating model also expects extended access, so the lease, local rules, security design, lighting, entry controls, and staffing plan should be checked together. A quoted rent number alone does not establish the premises budget; the complete occupancy package and the approved design determine how much cash is committed before opening.
The FDD does not publish a complete separate resale investment range. It states that an existing Center may need less buildout, uses an $11,000 new-ownership marketing minimum instead of the $20,000 new-Center launch minimum, and may qualify for a six-month reduced Royalty Fee. A resale buyer therefore should not apply the new-unit total without a line-by-line replacement budget.
Technology, security, and workout equipment
The required systems are spread across several rows rather than one all-inclusive equipment figure. A buyer must account for access control, surveillance, connectivity, workout-display hardware, heart-rate technology, exercise stations, retail inventory, and any package made mandatory by the approved floor plan.
| Item 7 expenditure | 2026 range | When due | Cost driver |
|---|---|---|---|
| Computer, Technology, and Sound System | $4,000–$5,000 | Before opening, as incurred | Computers, software, internet, phones, sound and music hardware |
| Security System | $13,000–$17,000 | Before opening | Surveillance, access system, and 50 key fobs |
| Opening Equipment and Inventory Package | $39,800–$41,700 | Before opening, as incurred | Exercise equipment, mats, interior signage, furniture, and opening retail inventory |
| Stretching Station Package | $0–$2,500 | Before opening, as incurred | Optional or required based on square footage and current programs |
| Free Weight Station Package | $0–$5,000 | Before opening, as incurred | Optional or required based on square footage and current programs |
| Cable Machine Package | $0–$3,000 | Before opening, as incurred | Optional or required based on square footage and current programs |
| Digital Advertising Screen (optional) | $0–$1,500 | Before opening, as incurred | Dynamic in-Center product and promotion display |
| Heart Rate Zone System | $1,400–$2,400 | Before opening | 9ROUND PULSE display and network hardware |
| Daily Workout Screens System | $12,000–$16,000 | Before opening | Nine station screens and implementation hardware |
| Low Voltage Data | $2,000–$10,000 | Before opening, as incurred | Cameras, door access, and electronic-system connections |
Source: 2026 FDD, Item 7, pp. 15–19; required and approved-source relationships are further described in Item 8, pp. 21–23. The franchisor's current official real-estate criteria describe an inline or shopping-center footprint of 1,500–2,500 square feet. Item 7 uses a 1,500–2,700-square-foot Greenville-area lease assumption, so the approved site and current construction plan should control the buyer's budget.
These rows should be quoted as an integrated system, not purchased as unrelated retail items. The floor plan can change the number, placement, cabling, mounting, and network requirements for displays, access controls, cameras, and workout stations. An approved package may also contain branded or proprietary components that cannot be replaced with a cheaper local substitute without written approval. Before signing vendor orders, the buyer should request a current bill of materials, installation responsibility, freight terms, taxes, warranties, subscription terms, replacement policy, and any recurring support charge that begins before the opening date. The opening package includes retail stock as well as operating assets, so it also affects storage and delivery planning. A quote that excludes mounting, electrical work, data drops, configuration, freight, or sales tax may appear to fit the disclosed range while leaving a separate invoice outside it.
Launch, professional, shipping, and working-capital costs
These amounts cover the transition from construction to operation. Some are paid before the doors open, while the campaign and working-capital allowance extend beyond opening. The timing matters because a franchisee can need cash for overlapping vendor invoices, rent, payroll, insurance, and marketing before the initial operating period is complete.
| Item 7 expenditure | 2026 range | When due | Important inclusion |
|---|---|---|---|
| Grand Opening Marketing | $20,000 | Partly before opening, then as incurred | New-Center campaign beginning about two months before opening and continuing about four months after |
| Customized Managed Network System | $2,600–$3,600 | Before opening | Approved-vendor managed network |
| Body Composition Analyzer | $349–$5,500 | Before opening | Required compliant analyzer; enhanced model may add third-party subscription cost |
| Shipping and Handling | $4,000–$6,000 | Before opening, as incurred | Launch materials, equipment package, and daily workout screens |
| Travel, Lodging and Meals for Initial Training Program | $1,000–$4,000 | As incurred | Training itself is not charged; attendee travel and living costs are |
| Business Licenses and Other Professional Fees | $400–$1,500 | Before opening | Licensing authorities and professional advisers |
| Additional Funds — three months | $25,000–$61,000 | As incurred | Working capital for the initial operating period |
Source: 2026 FDD, Item 7, pp. 15–20. Adding all 23 disclosed low values and all 23 disclosed high values reconciles exactly to the official $160,449 to $390,300 total. This is a derived arithmetic check, not a midpoint or a site-specific budget; low and high values should not be mixed to manufacture a preferred scenario.
The opening schedule can create a temporary cash concentration even when the total budget is adequate. Professional reviews, deposits, and permits may precede construction. Vendor deposits can overlap with contractor progress payments. Marketing can start while the site is still being completed, and the opening reserve must remain available after the final equipment invoice is paid. Taxes can also apply even when a line is quoted as a clean round figure. For that reason, the practical budget should show the expected payment month, deposit percentage, refundable status, responsible payee, and source of funds for every line. The reserve should not be treated as spare cash available to close a construction overrun unless the post-opening plan is revised at the same time. Otherwise, an overrun before opening simply moves the shortage into the first operating months.
Where the largest Item 7 ranges sit
These selected categories use the same dollar scale. Leasehold Improvements have the widest disclosed spread, while the Opening Equipment and Inventory Package is comparatively narrow.
Interpretation: local premises conditions can move the total much more than the disclosed equipment-package range. Source: 2026 FDD, Item 7, pp. 15–20. All plotted values are official FDD ranges; no midpoint or assumed budget is used.
The visual also shows why a single midpoint would be misleading. A narrow band can be relatively predictable once a current vendor quote is obtained, while a wide band signals that site condition and scope dominate the outcome. The low endpoint of one row does not imply that every other row will also land at its low endpoint. A small premises invoice may occur alongside a higher technology selection, extra freight, or a larger opening reserve, and the reverse can also occur. The disclosed total is therefore a boundary built from compatible endpoints, not a probability forecast. A buyer should compare actual quotes with the correct row, document the reason for every departure, and update the full cash calendar rather than merely subtracting the variance from an unallocated contingency.
When is the money paid?
The first binding payment is the Initial Franchise Fee at signing. Most site, equipment, security, signage, and technology costs are paid as arranged before opening. Marketing straddles the opening date, and Additional Funds are consumed during the first three operating months.
Sign the Franchise Agreement
Pay the nonrefundable $19,900 Initial Franchise Fee for a new single Center. The FDD states that failure to pay at execution is a non-curable default. A lower $14,900 fee applies to each additional Center under the Step Up Program.
Secure and prepare the site
Lease deposits, utilities, insurance, Leasehold Improvements, finishes, fixtures, Sound Proofing if selected, Low Voltage Data, and Exterior Signage are generally paid before opening to landlords, contractors, utilities, insurers, and approved vendors.
Order required systems and opening inventory
The Computer, Technology, and Sound System; Security System; Opening Equipment and Inventory Package; 9ROUND PULSE hardware; Daily Workout Screens System; managed network; and other required packages are paid before opening as incurred.
Fund training and the launch campaign
Initial training has no tuition charge, but the franchisee pays travel and living expenses. New-Center Grand Opening Marketing begins approximately two months before opening and continues approximately four months afterward, with a minimum disclosed spend of $20,000.
Carry the first three months
Use the included $25,000 to $61,000 Additional Funds for the initial operating period while monthly Royalty Fee, Brand Building Fund Fee, Technology Fee, insurance, and local advertising obligations begin according to the Franchise Agreement.
Sources: 2026 FDD, Item 5, pp. 8–9; Item 7, pp. 15–20; Item 11, pp. 27–33. The FTC explains the federal disclosure timing in its Consumer's Guide to Buying a Franchise.
The sequence is useful because it separates a legal commitment from later vendor commitments. Signing can occur before a final location is secured, yet the contract imposes deadlines for obtaining a site and opening. Once a lease and construction contracts are signed, the buyer may have obligations to several parties even if the opening date moves. Marketing may also begin before construction is fully complete, and travel bookings can become nonrefundable. A payment calendar should therefore include contract deadlines, lease milestones, permit dates, vendor lead times, construction draws, training dates, campaign start dates, and the first recurring billing cycle. It should also identify who controls a delay and whether a payment can be recovered. This does not change the disclosed total, but it shows how much unrestricted cash must be available at each stage and which commitments continue if the schedule slips.
Why do some 9Round fee figures look different across the FDD?
Several numbers differ because they cover different assets or development paths. The buyer should preserve those definitions instead of treating the lowest number as universally available.
Item 5 shipping is not the full Item 7 shipping line
Item 5 states that $1,750 to $3,000 is paid to the franchisor before opening for shipping and handling of Grand Opening Marketing Materials and the Opening Equipment and Inventory Package. Item 7 states $4,000 to $6,000 because that broader line also includes shipping for the Daily Workout Screens System.
Item 5 also says that at least $20,000 must be spent on Grand Opening Marketing, including $3,000 that may be paid directly to the franchisor; $25,000 of the Opening Equipment and Inventory Package is purchased from the franchisor; and the personal-training-services onboarding fee is $500 for the first Center and $200 for each additional Center.
New single Center
$19,900 Initial Franchise Fee, plus the full new-Center Item 7 development contract.
Additional Center
$14,900 Initial Franchise Fee for each additional Center under the Market Accelerator Program's Step Up Program; the FDD says the remaining Center expenses recur for each developed Center.
Existing Center acquisition
Transfer fee and resale adjustments apply; no complete separate total range is disclosed.
Box within a Box
The 2026 FDD describes this as a program the franchisor may explore. If developed, it states a $19,900 fee for a new franchisee and $14,900 for an existing franchisee, but provides no separate Item 7 range.
Source: 2026 FDD, Item 5, pp. 8–9, and Item 7, pp. 15–20.
The development path changes the contract, not merely the label attached to the location. A new site starts with the full buildout and launch assumptions. An acquisition can inherit useful assets and an operating lease, but it can also require updates, ownership-change marketing, training, transfer approval, and replacement of items that no longer meet current standards. An additional location receives a reduced signing payment, yet the other development costs repeat for that site. The exploratory in-club concept cannot be budgeted from the main range because its premises, equipment, and operating responsibilities have not been separately quantified. Before comparing alternatives, the buyer should obtain a written schedule identifying which agreement applies, which opening rows are replaced, which payments receive a credit, and which continuing charges begin on the effective date.
The 2026 FDD gives a qualifying veteran a 15% first-Center discount, reducing the $19,900 Initial Franchise Fee to $16,915. The official franchise page checked July 19, 2026 also displays a separate statement offering 20% off, while its footer carries an expired 15% offer based on a different fee. Because those website statements do not reconcile with the current FDD, a veteran should obtain written confirmation in the current disclosure package before using any discounted amount. See the official franchise requirements page.
Which fees continue after opening?
The recurring cost contract combines percentage-based charges, monthly minimums, a fixed Technology Fee, local advertising, insurance, and event costs. The Royalty Fee and Brand Building Fund Fee use Net Sales; the Local Advertising Spend uses gross revenue. Those denominators should not be interchanged.
| Ongoing obligation | 2026 amount or basis | Timing | Interpretation |
|---|---|---|---|
| Royalty Fee | $600 or 6% of Net Sales, whichever is greater | Monthly | Existing Center acquisitions receive $300 or 3% of Net Sales for the first six months, then the standard rate |
| Brand Building Fund Fee | $250 or 2% of Net Sales, whichever is greater | Monthly | Paid with the Royalty Fee |
| Local Advertising Spend, Local Marketing Fund, or Cooperative Advertising Contribution | Higher of 8% of gross revenue or $4,500 per rolling three-month period | Monthly | Spent locally or through a required fund/cooperative; not the same as the Brand Building Fund |
| Technology Fee | $499 | Monthly | Includes specified online services, app, PULSE, email, timer, and Daily Workout Screens support; each extra email address is currently $5 per month, and future member services may add fees |
| Insurance | $135–$270 | Monthly or annually | Additional state-required coverage may cost more |
| Convention Ticket | Currently $399 per franchise owner | Annual, on demand | Travel, lodging, and incidentals are additional |
| Live Training Event Ticket | Currently $99–$199 per franchise owner | Annual if substituted for convention, or as incurred | Travel and lodging are additional when in person |
Source: 2026 FDD, Item 6, pp. 10–15, and Item 11, pp. 27–33. Several fees are subject to Consumer Price Index adjustments, and specified fees may also increase up to 10% annually.
The monthly obligations are cumulative. The percentage-based payments do not replace the technology charge, insurance, or local promotion requirement, and the local requirement is measured on a different revenue definition from the two system charges. The fixed amounts should therefore be modeled as floors where the contract says “whichever is greater,” not as forecasts of the final bill. A calendar-year advertising figure can also obscure timing because the governing minimum is tested over a rolling period. In addition, convention attendance, travel, extra training, additional services, and price adjustments can create months with higher cash demand. The buyer's operating worksheet should preserve each denominator, measurement window, adjustment clause, and payee in separate rows so that one charge is not accidentally netted against another. No annual dollar estimate should be created from the percentage terms without an independently supported sales assumption.
Monthly fixed or minimum amounts before sales-based overages
The Royalty Fee and Brand Building Fund Fee can exceed their minimums because the franchisor charges the greater of the fixed amount or the disclosed Net Sales percentage. Insurance is shown as its disclosed monthly range.
or 6% of Net Sales
or 2% of Net Sales
Interpretation: the $600 and $250 figures are floors, not caps; the percentage calculation may produce a larger monthly payment. Local advertising is excluded from this chart because it uses gross revenue and a rolling three-month minimum. Source: 2026 FDD, Item 6, pp. 10–14.
The chart intentionally does not add the bars into a single monthly figure. Two bars are minimums that can rise with sales, one is a fixed current charge that can be adjusted, and one is a range that can depend on coverage and local requirements. The omitted local promotion obligation has another measurement period and another basis. Adding these visual values would therefore imply a stable monthly total that the disclosure does not provide. A better interpretation is to use the bars as separate starting lines in a cash model, then apply the correct contractual formula and billing date to each. This keeps the distinction between a floor, a fixed current amount, a range, and a percentage calculation visible throughout due diligence.
Which fees are triggered by a transfer, relocation, renewal, default, or special request?
Item 6 includes a second layer of costs that is not part of ordinary monthly operations. These charges matter when ownership changes, the Center moves or modernizes, an unapproved supplier is reviewed, training is repeated, or the Franchise Agreement is not followed.
Ownership changes
Assignment Fee: $500. Transfer Fee: $5,000 for an existing franchisee acquiring an existing Center or $10,000 for a new franchisee. Employee Transfer Fee: $7,500 for a qualifying manager or trainer.
Premises changes
Relocation Fee: $1,500 to $5,000. Modernization and Maintenance Costs: variable; the Center must be modernized every five years, and franchisor-completed work is reimbursable.
Supplier and design requests
Supplier Review Fee: expected $1,000 to $5,000 but may exceed that range. Graphic Design Fee: $100 per hour. Quality Assurance Inspections: variable out-of-pocket costs when required.
Training and events
Ongoing Training: $99 to $500 per person plus travel. If a new resale franchisee fails to attend required initial training, the FDD permits a $10,000 Training Program Visit instead of termination at the franchisor's discretion.
Renewal
Renewal Fee: 25% of the then-current Initial Franchise Fee; the FDD states a reduced $1,000 fee for calendar year 2026. Notice is due six to 12 months before term end, and modernization must be complete.
Compliance and enforcement
Audit: audit cost plus 12% interest if memberships or revenue were understated. Interest: 12% annually on late amounts. Administrative Fee: $250 per enforcement effort. Legal fees and indemnification vary.
Default management
Management Fee: 5% of Center gross revenues plus reasonable costs and expenses if the franchisor manages the Center during a default.
Termination and unauthorized sales
Liquidated Damages: for premature closure or a termination-causing default, the lesser of $20,000 or the present value of specified remaining monthly fees; unauthorized products trigger 70% of related gross revenue and unauthorized services trigger 100%.
Private securities offering
Securities Offering Costs: variable costs for the franchisor's review of offering documents.
Sources: 2026 FDD, Item 6, pp. 10–15, and Item 17, pp. 42–47. State-specific addenda can modify enforcement. The FTC Franchise Rule page explains the federal disclosure framework but does not replace the Franchise Agreement or state law.
These charges should be assigned to the event that creates them rather than averaged into ordinary overhead. A transfer may involve approval, training, modernization, legal work, and payment of outstanding balances at the same time. A relocation can combine an application payment with a second premises project and the cost of closing or restoring the former site. Renewal can require advance notice, updated standards, a new agreement, and completed upgrades before the new term begins. Default-related amounts are more severe because they can be imposed while the business is already under financial strain. A reserve for routine operations does not automatically cover these events. The relevant transaction should be modeled as its own cash scenario using the current agreement, current standards, state addendum, and written estimates for third-party work.
How much cash and net worth does 9Round require?
The official U.S. franchise website states a $75,000 cash requirement and $250,000 net worth requirement. These are screening qualifications, not additions to the Item 7 total and not proof that $75,000 alone can fund the opening. Net worth includes assets minus liabilities; it is not the same as liquid cash.
- Cash qualification
- $75,000 on the official U.S. franchise requirements page, checked July 19, 2026.
- Net worth qualification
- $250,000 on the same official page. The 2026 FDD does not state this figure in Items 5–7.
- Non-borrowed funds
- No separate minimum was disclosed in the reviewed 2026 FDD cost items or the official qualification page.
- Personal guarantees
- The FDD's special-risk disclosure states that a spouse must sign a guarantee covering Franchise Agreement financial obligations, subject to applicable state law and addenda.
- Direct franchisor financing
- None. Item 10 says the franchisor does not offer direct or indirect financing and does not guarantee a note, lease, or obligation.
The 2026 FDD says 9Round may connect franchisees with third-party financing sources, but there is no assurance that financing will be available. Item 10 identifies Guidant Financial and discloses a $4,995 fee for a described Rollover as Business Start-Up arrangement, plus a $1,000 referral fee paid to the franchisor under specified circumstances. Guidant's official ROBS FAQ explains that funding structure; it does not guarantee eligibility or approval.
Sources: 2026 FDD, Item 10, p. 26; official 9Round financial requirements, checked July 19, 2026.
Borrowed funds can change the amount of cash needed at closing, but they do not change the disclosed development cost. Lenders can require equity, collateral, guarantees, reserves, fees, appraisals, legal work, and interest before or after opening. Those amounts sit outside the opening estimate where the disclosure excludes finance charges and debt service. A referral also does not mean that a candidate will qualify, that the full project will be funded, or that proceeds will arrive when vendor deposits are due. The financing plan should therefore be tested against the payment calendar under a delayed-closing scenario and should show how construction overruns or a later opening would be covered. Retirement-based funding has separate tax, plan, and compliance considerations that require independent professional review; the named provider's material is informational and is not a substitute for advice tailored to the buyer.
What does the official range leave unresolved?
The official range is a disclosure estimate, not a site-specific construction quote or financing plan. A buyer still must verify local premises work, required package selections, staffing assumptions, insurance, and the precise treatment of owner compensation.
Item 7 Note 19 says Additional Funds include estimated employee salary or wages and rent but exclude distributions or draws to the franchisee. Item 7 Note 20 separately says the estimate is based on an owner-operated business and does not include salaries or benefits for full-time employees. Because those statements can produce different staffing budgets, obtain a written explanation of the labor assumption used for the proposed Center.
Sources: 2026 FDD, Items 7 and 8, pp. 15–23. The franchisor's official U.S. franchise information provides current public context, while the FDD and Franchise Agreement govern the disclosed cost obligations.
A final local budget should reconcile three documents: the disclosure table, the approved site-and-equipment plan, and the actual contract or vendor quote. Each difference should be classified as a changed scope, local price variation, tax, excluded amount, optional selection, timing shift, or unresolved question. That reconciliation is more useful than selecting a point inside the range because it shows why the local number differs and whether the difference affects cash before or after opening. It also exposes missing items such as owner living needs, lender charges, payroll assumptions, subscriptions, replacement equipment, or lease obligations during a delay. The result should retain the official total as the disclosure benchmark while presenting the local plan as a separate buyer-prepared analysis. This separation prevents an unofficial budget from being mistaken for a franchisor estimate. It keeps the comparison grounded without implying a forecast.
What capital figure should a prospective franchisee use?
Use $160,449 to $390,300 as the verified 2026 starting range for a new 9ROUND Center, then replace the variable site, construction, insurance, staffing, and required-package assumptions with quotes for the approved location. Keep the $75,000 cash qualification and $250,000 net worth qualification separate from that investment range, and budget the Royalty Fee, Brand Building Fund Fee, Local Advertising Spend, Technology Fee, insurance, and event-triggered charges as continuing obligations rather than one-time opening costs.