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FYZICAL Franchise ProfileFitness Franchises > Specialty Fitness Classes |
What Are the Initial Investment Requirements for a FYZICAL Franchise?
To open a FYZICAL franchise, you will need to prepare for a significant initial investment. The total investment ranges from $166,750 to $479,000, which includes a franchise fee of $49,000. Additionally, you should have a cash requirement between $191,750 and $479,000, and a net worth of $250,000 to $500,000. This financial commitment is crucial for securing your franchise location and ensuring you have the resources to operate effectively.
What Are the Financial Performance Metrics for FYZICAL Franchise Units?
FYZICAL franchises have shown promising financial performance, with an average annual revenue of $707,433 per unit. The median annual revenue stands at $626,410, indicating a strong potential for profitability. Units can vary widely, with the lowest annual revenue recorded at $60,641 and the highest at $2,613,982. The breakeven time for new units is approximately 12 months, and franchisees can expect to see a return on their investment within 24 months.
What Ongoing Fees Should You Expect as a FYZICAL Franchisee?
As a FYZICAL franchisee, you will be responsible for ongoing fees that can impact your overall profitability. The royalty fee is set at 6% of your gross revenue, along with a marketing fee of 2%. These fees contribute to the brand's collective marketing efforts and support, helping you attract and retain customers while driving sales in your location. It’s essential to factor these costs into your financial planning when considering this franchise opportunity.
What Support and Training Does FYZICAL Provide to Franchisees?
FYZICAL is committed to the success of its franchisees through comprehensive training and ongoing support. Franchisees can expect initial training that covers operational procedures, marketing strategies, and customer service best practices. Additionally, the franchise team provides continuous support to help you navigate challenges and optimize your business operations. This robust support system is designed to empower franchisees with the tools and knowledge necessary to thrive in the competitive health and wellness industry.
FYZICAL Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
FYZICAL Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total Units | 412 | 442 | 447 |
| Net Change YoY | 30 | 5 | |
| Franchised Units | 382 | 388 | 392 |
| Net Change YoY | 6 | 4 | |
| Corporate Units | 30 | 54 | 55 |
| Net Change YoY | 24 | 1 |
Franchise Overview
FYZICAL is a rapidly growing franchise chain specializing in physical therapy and wellness services. With a focus on providing personalized care and innovative treatment options, FYZICAL aims to enhance the health and well-being of its clients. The franchise operates under a unique model that combines traditional therapy with advanced technology, ensuring that each patient receives tailored services to meet their specific needs.
Investment Requirements
The initial investment to open a FYZICAL franchise ranges from $166,750 to $479,000, with a franchise fee of $49,000. Potential franchisees should have a net worth of $250,000 to $500,000 and be prepared to have cash reserves between $191,750 and $479,000. This investment allows franchisees to tap into a proven business model that prioritizes both profitability and community impact.
Financial Performance
On average, FYZICAL franchise units generate annual revenues of approximately $707,433, with a median revenue of $626,410. The highest-performing units have reported revenues exceeding $2.6 million, showcasing the potential for significant financial returns. With a breakeven time of just 12 months and an investment payback period of 24 months, FYZICAL offers a compelling opportunity for franchisees looking to achieve financial success.
Operational Support
Franchisees receive comprehensive support from FYZICAL, including training, marketing, and ongoing operational assistance. The franchise provides resources to help owners navigate the complexities of running a healthcare business, ensuring they have the tools necessary to thrive. This support is vital for both new and experienced franchisees, helping them optimize their operations and enhance patient care.
Marketing Contributions
FYZICAL requires a marketing fee of 2% of gross sales, allowing franchisees to participate in national and local marketing initiatives. This investment helps build brand awareness and attract new clients, ensuring that franchisees benefit from a strong marketing presence. The collaborative marketing approach fosters community engagement, driving traffic to each location while reinforcing the FYZICAL brand.
Growth Potential
With a steady increase in franchised units—growing from 382 in 2020 to 392 in 2022—FYZICAL demonstrates robust expansion potential. The brand's focus on innovative therapies and a commitment to quality service positions it well for continued growth in the healthcare sector. Franchisees can capitalize on this momentum, benefiting from a brand that is dedicated to improving community health and wellness.
Frequently Asked Questions
The initial investment for a FYZICAL franchise ranges from $166,750 to $479,000, which includes the franchise fee of $49,000 and other startup costs.