IRON 24

The FDD lays out a relatively accessible entry: $39,000 franchise fee within an initial investment of $201,050-$480,750, covering buildout for these efficient, clean spaces. Royalties hit 7% of gross (minimum $500 monthly), plus $600-$800 monthly for electronic systems like cameras and access points—essential for the unmanned, always-open vibe. System stats reflect youth: two franchised units alongside five corporate, one termination in 2024 FDD, but 16 projected new units underscore expansion ambition. Eight SBA loans averaging $240,313 indicate banks see viability in funding these budget fitness hubs.

Item 19 earnings data illuminates performance for comparable outlets, vital for gauging if low-fee memberships ($10-$20/month implied model) yield sufficient volume in a market flooded with Planet Fitness clones. The tech edge—app-based entry, automated cleaning—could minimize labor costs, boosting margins versus traditional gyms. Buyers eyeing this must weigh the aggressive growth trajectory against limited track record; rapid scaling risks execution hiccups, but early SBA traction and projections hint at a disruptor ready to capture value-driven gym-goers nationwide.