How many IRON 24 franchise locations are there?

As of the 2024 FDD, IRON 24 has 2 franchise locations. The company has been franchising since 2022.

Can you get an SBA loan for a IRON 24 franchise?

Yes, SBA loans are available for IRON 24 franchises. Historical data shows 8 SBA 7(a) loans have been approved for IRON 24 franchisees, with an average loan amount of $240,313. The historical default rate is 0.0%.

Is IRON 24 a good franchise to buy?

IRON 24 shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

IRON 24

Iron 24 operates technology-driven fitness centers offering low-cost gym memberships with no contracts or sales pitches, providing 24/7 access to top-quality equipment in a clean, convenient, and welcoming space. The business model emphasizes affordability, accessibility, and a no-pressure environment to attract budget-conscious fitness enthusiasts. It targets the general public seeking reliable, hassle-free gym experiences.

Locations

$201K–$481K

Investment

Since 2022

Franchising

Health & FitnessPearland, TXIron 24 Holdings, LLCwww.iron24.comDisclaimer

Franchise Costs

Franchise Fee

$39,000

Item 5 of FDD

Initial Investment Range

$201,050 – $480,750

Low: $201,050High: $480,750

Item 7 of FDD

Royalty Rate

7.00%

of gross sales

Brand Fund

0.00%

Item 6 of FDD

Fixed Monthly Fees

$600 – $800

Item 6 of FDD

7% royalty (min $500/mo) + $600-$800/mo electronic systems fee (varies by cameras/access points)

Financial Performance

Item 19 Financial Performance

Data Based On: Data for 7 outlets (2 franchised, 5 company-owned) in operation through March 31, 2024, combining gross revenue and active membership data.

* The provided gross revenue and membership subscription data (on pages 2 and 3) combines the performance of 2 franchised outlets and 5 company-owned outlets. The 'Location Count' in the tables confirms the aggregate nature of this data, showing up to 7 units contributing. As per the instructions, it is not possible to extract financial performance metrics *only* for individual franchised units from this combined data. Therefore, specific financial metrics have been set to null.

Extracted Item 19 Section

How IRON 24 Compares

Key Insights

Lower investment than 78% of Fitness Studios franchises

Franchise	Investment	Fee	Royalty	Locations
IRON 24 Current	$201K – $481K	$39K	7.0%	2
Planet Fitness	$1.5M – $5.2M	$20K	7.0%	2,298
ANYTIME FITNESS	$459K – $908K	$43K	N/A	2,290
F45 Training	$349K – $786K	$60K	7.0%	751
Pure Barre	$314K – $629K	$60K	7.0%	617
HOTWORX	$259K – $878K	$20K	N/A	578
Fitness Studios Average 55 franchises	$425K – $1.0M	$47K	6.9%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States

1TX

2FL

SBA Loan History

Historical SBA 7(a) loan data for IRON 24 franchisees (2023 – 2025)

Total Loans

Average Loan

$240,313

Total Volume

$1.9M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

8 franchisee contacts on file from official FDD filings.

Name	Address	Phone	Email	SBA Loan
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active

8 Contacts Available

Unlock all IRON 24 franchisee contacts with verified contact information

Due Diligence

Litigation (Item 3)

Franchisee Cases0

No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

Frequently Asked Questions

The total initial investment to open a IRON 24 franchise ranges from $201,050 to $480,750. This includes a franchise fee of $39,000. Ongoing royalty fees are 7.0% of gross sales.