BODYROK

Item 7 lays out the financial entry: total investment from $228,750 to $869,000, driven by buildout, equipment, and leases for these 2,000 sq ft studios. Upfront, expect the $40,000 franchise fee from Item 5, followed by 5% royalty on gross sales, 1% brand fund, plus hefty ongoing $1,310-$2,620 monthly for 10-20 machines and $300 POS tech fee. No Item 19 disclosure means zero official revenue or EBITDA figures—critical in fitness where top Pilates spots might hit $500K+ sales but many scrape by on thin margins amid high churn and staffing costs. This opacity forces reliance on anecdotes or proxies like the five SBA loans averaging $320,780, hinting lenders see viability but not blockbuster potential.

System metrics from Items 20-21 reveal health: franchise locations jumped 29% from 14 (2022) to 18 (2023), backed by 12 corporate units and 14 projected openings, signaling franchisor confidence since 2015. Low SBA volume suggests limited scale or selective financing, not widespread adoption. For a $300K+ play in local fitness markets battling Orangetheory or Club Pilates, BODYROK's proprietary techniques differentiate, but absent earnings data amplifies risks—expect 18-24 month breakeven if sales align with category averages around $400K-$600K. Investors must probe FDD Item 19 absence and validate growth sustainability.