OFFICIAL FILING · MN · 2025
HOTWORX FDD (Franchise Disclosure Document) — 2025
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). HOTWORX's most recent FDD tracked here was filed in 2025 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 2025 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $20K |
| ITEM 7 | Total initial investment | $289K–$830K |
| ITEM 3 | Disclosed litigation matters | 2 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $354K (Table 19.2 – For 2025 Fiscal Year – All Fully Operational Studios: "The 700 studios accounted for below in Table 19.2 are comprised of franchised businesses that were opened between 2017 and 2024 and were fully operational for all 12 months in 2025... The following representations do not include data relating to one studio that ceased operations during 2025 and one studio that temporarily closed and reopened in 2025." "During the 2025 fiscal year, HOTWORX had 797 open franchise outlets of which 700 studios were operational for 12 full months in fiscal year 2025." "The financials are unaudited." Outlets classified into Top/Middle/Bottom thirds; 300 of 700 outlets (42.9%) met or exceeded the All Locations revenue average. (Companion Table 19.1 covers 149 first-full-year studios: average Total Revenue $352,781, median $336,613.)) |
| ITEM 20 | Outlets (fiscal 2025) | 797 franchised at year end · 1 exits (0.1% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — KPMG LLP |
Citation discipline: every figure above is extracted from the 2025 HOTWORX 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.
HOTWORX FDD questions, answered
Where can I download the HOTWORX FDD for free?
HOTWORX's 2025 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 HOTWORX's most recent FDD on file?
The most recent HOTWORX FDD tracked here was filed in 2025 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 HOTWORX's FDD disclose earnings (Item 19)?
Yes — HOTWORX makes a financial performance representation in Item 19 of its 2025 FDD, reporting a median unit volume of $354K. Read the basis fine print: franchisors choose which units and metrics to include.
What does HOTWORX's FDD Item 20 show?
In fiscal 2025, HOTWORX ended with 797 franchised outlets; 1 of 712 open at the start of the year left the system — an annualized exit rate of 0.1% (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 HOTWORX's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →