Verified — real FDD extraction
SBA-eligible · directory code S0992 since 2017
LearningRx Training Camp
Fitness · independent · est. —
LearningRx Training Camp is a brain-training and cognitive-skills program that works with students and adults on memory, attention, and processing skills. A franchisee operates a training center where trainers deliver one-on-one exercise-based sessions to clients, most often school-age children referred by parents.
LearningRx Training Camp net unit count declined -10.1% from 2015–2017 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 disclosed record shows weakness — shrinking units, elevated exits, or churn — worth reading closely before going further.
Exit rate · latest year
8.0%
vs 3.8% across 34 fitness systems
Cost to open
$92K–$198K
Item 7 total investment range
SBA loan defaults
25.9%
27 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
2015–2017
Survival record
FDD Item 20 · outlet status by year
In fiscal 2017, 6 of 75 franchised outlets left the system — a 8.0% annualized exit rate, vs 3.8% across 34 fitness systems. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2015 | 2016 | 2017 |
|---|---|---|---|
| Outlets at start | 85 | 79 | 76 |
| Opened | 13 | 5 | 1 |
| Transfers | 5 | 9 | 8 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 2 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 18 | 5 | 6 |
| Outlets at end | 79 | 76 | 71 |
| Net change | -6 | -3 | -5 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 33 SBA-backed loans to LearningRx Training Camp franchisees since 2005. Only 27 have resolved so far — too thin for a reliable default rate, but 7 of them charged off.
—
27 resolved · too thin to rate
—
avg. charged-off $ ÷ approved $
—
default rate × loss severity
$163,600
what recent franchisees borrowed
120 mo
approval → charge-off, defaulted loans
1 vs 4
distinct banks — pulling back
Charge-off rate by loan approval year (%)
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO LEARNINGRX TRAINING CAMP BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
The owner's side of the deal
FDD × federal loan record
Who finances it
U.S. Bank, National Association
12.1% of this brand's loans
That lender charges off 12.4% of its loans to other franchise brands, vs 14.8% nationally.
Who buys it
Too few identified operators
Does experience help here?
Not enough resolved loans to split
Computed from 33 SBA 7(a)/504 loans to LearningRx Training Camp 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 $35K franchise fee (Item 5) and a total investment of $92K–$198K (Item 7). The franchisor publishes an earnings claim (Item 19) — read its methodology closely.
To open (Item 7)
$92K–$198K
all-in investment range
Franchise fee (Item 5)
$35K
upfront, one-time
Royalty (Item 6)
10%
of sales, ongoing
Your figure — cross-check against this brand's Item 19 and current-owner validation.
Royalty you'd pay / yr
$100K
10% of sales, before profit
Over a 10-yr term
$1M
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 LearningRx Training Camp with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
Modeled from the public record, this brand sits mid-pack: riskier than 71% of systems we score.
Risk percentile
71 / 100
Loan-corroborated
Modeled SBA charge-off
15.7%
Observed SBA charge-off
25.9%
Top drivers: System size (log units) (raises) · Share financed by high-loss lenders (lowers) · Investment ceiling (log) (raises) · Single-lender dependence (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
No recent closures, bankruptcies, or major lawsuits found in the news for LearningRx Training Camp. That's a good sign — but it reflects news coverage, not a guarantee.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing LearningRx Training Camp's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →LearningRx Training Camp franchise questions, answered from the filings
What percentage of LearningRx Training Camp franchises closed last year?
In LearningRx Training Camp's latest FDD Item 20 (fiscal 2017), 6 of 75 franchised outlets left the system — an annualized exit rate of 8.0% — compared with 3.8% across 34 fitness systems tracked here. 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 LearningRx Training Camp franchise cost?
Per LearningRx Training Camp's 2018 FDD, buying in requires an initial franchise fee of $35K (Item 5) and a total initial investment of $92K–$198K (Item 7).
What royalty does LearningRx Training Camp charge?
LearningRx Training Camp charges an ongoing royalty of 10.0% of gross sales, per Item 6 of its 2018 FDD.
Does LearningRx Training Camp disclose earnings (Item 19)?
Yes — LearningRx Training Camp makes a financial performance representation in Item 19 of its 2018 FDD, reporting a median unit volume of $231K. Read it closely: franchisors choose which units and which metrics to include.