OFFICIAL FILING · MN · 2017
Fyzical FDD (Franchise Disclosure Document) — 2017
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Fyzical's most recent FDD tracked here was filed in 2017 with the Minnesota Department of Commerce (public CARDS portal) — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2017 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $70K |
| ITEM 6 | Ongoing royalty | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $82K–$390K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $446K (2016 Gross Sales Data (unaudited): "We compiled the Gross Sales (which are unaudited figures) for the 16 affiliated/company-owned and 45 franchised, FYZICAL® Centers open the full year of 2016. … Of the 45 Franchised Centers, 45 were Conversion Centers that converted to FYZICAL® Centers after previously operating under a different trade name. … Although 139 franchised FYZICAL® Centers were open a full year in 2016, we report revenues only for the 45 Centers in which we received reports of revenues during the year." Total Number of Centers Included: 45 franchised; Number of Centers exceeding Average Revenue: 9 (20%).) |
| ITEM 20 | Outlets (fiscal 2016) | 159 franchised at year end · 9 exits (7.4% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Kerkering, Barberio & Co., Certified Public Accountants |
Citation discipline: every figure above is extracted from the 2017 Fyzical FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
Fyzical FDD questions, answered
Where can I download the Fyzical FDD for free?
Fyzical's 2017 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Fyzical's most recent FDD on file?
The most recent Fyzical FDD tracked here was filed in 2017 with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does Fyzical's FDD disclose earnings (Item 19)?
Yes — Fyzical makes a financial performance representation in Item 19 of its 2017 FDD, reporting a median unit volume of $446K. Read the basis fine print: franchisors choose which units and metrics to include.
What does Fyzical's FDD Item 20 show?
In fiscal 2016, Fyzical ended with 159 franchised outlets; 9 of 121 open at the start of the year left the system — an annualized exit rate of 7.4% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Fyzical's numbers, including talking you out of a bad deal.
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