Verified — real FDD extraction
SBA-eligible · directory code S2361 since 2018
GYMGUYZ
Other · independent · est. —
GYMGUYZ is a mobile personal training company that brings trainers and equipment directly to clients' homes, offices, or other locations. Workouts are customized one-on-one or in small groups. A franchisee runs a fleet of branded vans and trainers, scheduling in-home and on-site fitness sessions.
GYMGUYZ net unit count grew +55.6% from 2022–2025 per its FDD Item 20.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).
The verdict
Showing strain
Distress
The franchisor's own audited financials carry going-concern language — its auditor has doubts about its survival. Fundamentals cannot out-rank that.
Exit rate · latest year
8.6%
fiscal 2025, per Item 20
Cost to open
$112K–$194K
Item 7 total investment range
SBA loan defaults
59.1%
22 loans resolved — directional only
Behind the verdict
the record, factor by factor · Item 20
3-yr trend · Item 20 Table 1
terminations + ceased-ops vs. all exits · Table 3
transfers vs. base · Table 3
actual vs. projected openings · Table 5
Item 19 disclosure + completeness
Systemwide units
2022–2025
Survival record
FDD Item 20 · outlet status by year
In fiscal 2025, 10 of 116 franchised outlets left the system — a 8.6% annualized exit rate. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Outlets at start | 97 | 99 | 121 | 132 |
| Opened | 15 | 26 | 30 | 35 |
| Transfers | 3 | 6 | 3 | 3 |
| Terminations | 0 | 0 | 13 | 9 |
| Non-renewals | 0 | 0 | 0 | 1 |
| Reacquired by franchisor | 0 | 0 | 14 | 10 |
| Ceased — other reasons | 13 | 4 | 6 | 0 |
| Outlets at end | 99 | 121 | 132 | 154 |
| Net change | +2 | +22 | +11 | +22 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 39 SBA-backed loans to GYMGUYZ franchisees since 2011. Only 22 have resolved so far — too thin for a reliable default rate, but 13 of them charged off.
—
22 resolved · too thin to rate
—
avg. charged-off $ ÷ approved $
—
default rate × loss severity
$204,861
what recent franchisees borrowed
39 mo
approval → charge-off, defaulted loans
7 vs 5
distinct banks still lending
Charge-off rate by loan approval year (%)
Loan performance by state
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO GYMGUYZ BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
The owner's side of the deal
FDD × federal loan record
A typical GYMGUYZ buyer since 2020 borrowed $205K through SBA — about $33K a year in debt service. Against the brand's own disclosed median unit revenue of $90K, that is 36.3% of every dollar the store takes in — before rent, payroll, food, or royalty.
Who finances it
United Midwest Savings Bank National Association
34.2% of this brand's loans
That lender charges off 34.8% of its loans to other franchise brands, vs 14.8% nationally.
Who buys it
80.6%
first-time franchise owners
The rest already owned at least one other franchise. Across the corpus, brands bought mostly by repeat operators charge off at roughly 10% versus 17% for brands sold mostly to newcomers.
Does experience help here?
Not enough resolved loans to split
Computed from 39 SBA 7(a)/504 loans to GYMGUYZ franchisees joined to the brand's own FDD. Debt service assumes level amortization at the average disclosed term and rate. A lender's rate excludes its loans to this brand, so it reads the lender, not the brand.
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
Buying in means a $70K franchise fee (Item 5) and a total investment of $112K–$194K (Item 7). The franchisor publishes an earnings claim (Item 19) — read its methodology closely.
To open (Item 7)
$112K–$194K
all-in investment range
Franchise fee (Item 5)
$70K
upfront, one-time
Royalty (Item 6)
7%
of sales, ongoing
Your figure — cross-check against this brand's Item 19 and current-owner validation.
Royalty you'd pay / yr
$70K
7% of sales, before profit
Over a 10-yr term
$700K
royalties alone, excl. ad fund
This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.
Build a real pro-forma for GYMGUYZ with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
Modeled from the public record, this brand looks riskier than 99% of systems we score.
Risk percentile
99 / 100
Loan-corroborated
Modeled SBA charge-off
34.7%
Observed SBA charge-off
59.1%
Top drivers: Non-clean audit opinion (raises) · Share financed by high-loss lenders (raises) · Investment ceiling (log) (raises) · Item 3 litigation (log) (raises). 15+ resolved loans stand behind this estimate. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.
Distress signals
news-sourced · bankruptcies, closures, lawsuits
GYMGUYZ Expands Into 10 New U.S. Markets, Closing Q1 With Strong Momentum
news:citybiz · 4mo ago
10 questions to ask a GYMGUYZ franchisee
Built from this brand's own disclosures · take it to your validation calls
The franchisor will give you a list of owners to call. Most buyers ask whether they like it. These are the questions built from what GYMGUYZ has actually disclosed — each one carries the number it came from, so you can tell whether the answer squares with the record.
- 01
GYMGUYZ’s own Item 20 shows 10 of 116 franchised outlets left the system in fiscal 2025 — about 8.6%. Do you know any of those owners, and do you know why they left?
A franchisor will call these “transitions.” An owner three doors down usually knows whether they sold at a profit or handed the keys back.
FDD Item 20 · FY2025
- 02
3 units transferred to new owners in fiscal 2025. When you look at those, were they people cashing out a good business — or getting out of a bad one?
Transfers count as neutral in every ranking. They are the single easiest place to hide distress.
FDD Item 20 · FY2025
- 03
Item 7 says the low end to open is $112K, but the average recent SBA loan to a GYMGUYZ franchisee was $205K. What did you actually spend to open, all in?
Lenders size loans to real project costs. A large gap between the disclosed floor and what banks actually fund is the most common way buyers get underfunded.
FDD Item 7 vs SBA approvals FY2020+
- 04
You pay 7.0% royalty on gross sales, plus the ad fund, before any of your own costs. On your actual revenue last year, what did you take home as the owner — not revenue, take-home?
Royalty is charged on sales, not profit. This is the number the brochure never shows and the one your life actually runs on.
FDD Item 6
- 05
GYMGUYZ makes an earnings claim in Item 19. Does your unit look like that number — and do you know which units they included to build it?
Item 19 is legal to build from a flattering subset. Ask whether they excluded new units, closed units, or company stores.
FDD Item 19 · 2026
- 06
How many months did it take to cover your own costs, and how much cash did you burn getting there?
Ramp-to-breakeven working capital is the most underestimated line in any franchise purchase, and the most common reason otherwise-good units fail.
Not disclosed in any FDD — ask an owner
- 07
The franchisor's own audited financials carry going-concern language — their auditor has flagged doubt about the company surviving. Has support or supply changed for you in the last year?
If the franchisor fails, your agreement, your supply chain and your brand can be sold to someone whose plans you never agreed to.
FDD Item 21 · audited financials
- 08
What does the franchisor charge for that you didn't expect — required tech fees, mandatory remodels, approved-supplier pricing?
Required spending appears across Items 6, 8 and 11 rather than in one place, so buyers routinely miss the total.
FDD Items 6, 8, 11
- 09
If your agreement came up for renewal tomorrow at current terms, would you sign again?
The single most predictive question you can ask. A hesitation is the answer.
Ask every owner you speak to
- 10
Who else should I call — including someone who left?
The franchisor's list is curated by definition. Former franchisees are where the unflattering truth lives, and current owners usually know how to reach them.
Ask every owner you speak to
Want this as a checklist you can take to the calls?
I'll email you the printable version, and tell you if GYMGUYZ’s numbers move — a new filing, a rising exit rate, a distress signal. Unsubscribe in one click.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing GYMGUYZ's numbers, including talking you out of a bad deal.
This page is what buyers see before they call you for validation. If the record above is wrong — or right in a way the numbers can't show — say so. Corrections are checked against the filings; nothing you write is published with your name unless you agree to it.
GYMGUYZ franchise questions, answered from the filings
What percentage of GYMGUYZ franchises closed last year?
In GYMGUYZ's latest FDD Item 20 (fiscal 2025), 10 of 116 franchised outlets left the system — an annualized exit rate of 8.6%. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.
How much does a GYMGUYZ franchise cost?
Per GYMGUYZ's 2026 FDD, buying in requires an initial franchise fee of $70K (Item 5) and a total initial investment of $112K–$194K (Item 7).
What royalty does GYMGUYZ charge?
GYMGUYZ charges an ongoing royalty of 7.0% of gross sales, per Item 6 of its 2026 FDD.
Does GYMGUYZ disclose earnings (Item 19)?
Yes — GYMGUYZ makes a financial performance representation in Item 19 of its 2026 FDD, reporting a median unit volume of $90K. Read it closely: franchisors choose which units and which metrics to include.