BFT Franchise Prices, Charges, Revenues, Income (2023 Evaluate)

Part I – Estimated preliminary funding (franchise prices) for a BFT franchise, primarily based on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise price, royalty price, and advertising price for a BFT franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned BFT shops at the beginning of the yr and the top of the yr for 2020, 2021, and 2022, primarily based on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the BFT franchise alternative

Part V – Presentation and evaluation of BFT’s monetary efficiency representations (common revenues and/or earnings), primarily based on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• fiscal yr 2022 month-to-month gross income (March 2022 to February 2023) for the 2 franchised BFT studios (Santa Monica and Fort Lauderdale) that operated all through the whole measurement interval
  

Part VI – Key ratios, comparables, computations, and analyses for the BFT franchise alternative (unique content material for Platinum subscribers)

Part I – BFT Franchise Prices

• BFT franchise prices (conventional studio), primarily based on Merchandise 7 of the corporate’s 2023 FDD:

• Preliminary Franchise Payment:  $60,000
• Preliminary Coaching Program Charges:  $0
• Journey and Dwelling Bills Whereas Coaching:  $0 to $2,500
• Actual Property/Lease and Skilled Charges:  $25,000 to $67,700
• Web Leasehold Enhancements:  $125,000 to $200,000
• Signage:  $15,000 to $20,000
• Insurance coverage:  $1,400 to $2,800
• Lease Funds in Reference to Gear Bundle:  $14,000 to $29,000
• Pre-Sale and Smooth Opening Retail Stock Bundle:  $12,000
• Furnishings, Fixtures, and Associated Provides Bundle:  $25,000 to $30,000
• Laptop System and AV Bundle:  $50,000 to $60,000
• Grand Opening Promoting Spend, Together with Quantities on Opening Help Program:  $15,000
• Pre-Opening Teacher Coaching Payment:  $5,000
• Know-how Charges:  $4,500
• Further Funds for 3 Months:  $12,000 to $30,000
• Whole Estimated BFT Franchise Prices:  $363,900 to $538,500

Part II – BFT’s Preliminary Franchise Payment, Royalty Payment, and Advertising Payment

• BFT’s preliminary franchise price, royalty price, and advertising price, primarily based on Gadgets 5 and 6 of the corporate’s 2023 FDD:

• Preliminary Franchise Payment:  $60,000
• Royalty Payment:  7% of Gross Gross sales
• Model Improvement Fund Contributions:  at present, 2% of Gross Gross sales
• Regional Co-Op:  because the Co-Op determines
• Native Promoting Requirement:  at the very least $1,500 monthly

Part III – Variety of Franchised and Firm-Owned BFT Shops

Franchised

2020

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  1
• Web Change:  +1

2021

• Shops on the Begin of the 12 months:  1
• Shops on the Finish of the 12 months:  2
• Web Change:  +1

2022

• Shops on the Begin of the 12 months:  2
• Shops on the Finish of the 12 months:  2
• Web Change:  0

Firm-Owned

2020

• Shops on the Begin of the 12 months:  1
• Shops on the Finish of the 12 months:  1
• Web Change:  0

2021

• Shops on the Begin of the 12 months:  1
• Shops on the Finish of the 12 months:  0
• Web Change:  -1

2022

• Shops on the Begin of the 12 months:  0
• Shops on the Finish of the 12 months:  0
• Web Change:  0

Part IV – Information Updates on the BFT Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the BFT Franchise (Merchandise 19, 2023 FDD)

• This Merchandise 19 incorporates sure historic information associated to the operation of franchised Studios. The desk under displays the Gross Income of each franchised Studios that operated all through the whole Measurement Interval.

• The info introduced under is information BFT obtained from month-to-month revenue and loss stories offered to it by franchisees. In every case, the information used was the franchisee’s information.

• BFT doesn’t anticipate the information offered by present franchisees on this Merchandise 19 will materially differ from that of a brand new franchisee.

• “Gross Income” means the overall income generated by a given Studio throughout a specific calendar month throughout the Measurement Interval, together with all income generated from the sale and provision of any and all accredited providers at, from, or in any other case by, that Studio.

• Gross Income excludes gross sales tax (that the Studio proprietor should pay on to the suitable taxing authority). Please be aware, Gross Income is outlined otherwise than how “Gross Gross sales” is outlined beneath the Franchise Settlement, and as such, the quantity of Royalty charges you pay beneath the Franchise Settlement could also be totally different than if utilized to Gross Income information offered under.

• “Measurement Interval” means the interval starting on March 1, 2022, and ending on February 28, 2023. Every month within the Measurement Interval is a whole calendar month.

• The under gives the information related to each franchised Studios that, as of the actual calendar month, have been open and working for at the very least 12 months:

BFT Santa Monica

• March 2022:  $79,085
• April 2022:  $72,296
• Could 2022:  $76,086
• June 2022:  $75,672
• July 2022:  $73,106
• August 2022:  $75,857
• September 2022:  $78,215
• October 2022:  $75,467
• November 2022:  $75,559
• December 2022:  $72,840
• January 2023:  $87,736
• February 2023:  $77,517
• Whole:  $919,436

BFT Fort Lauderdale

• March 2022:  $28,141
• April 2022:  $29,702
• Could 2022:  $32,131
• June 2022:  $31,790
• July 2022:  $31,008
• August 2022:  $30,812
• September 2022:  $28,277
• October 2022:  $28,493
• November 2022:  $21,076
• December 2022:  $14,884
• January 2023:  $13,657
• February 2023:  $11,719
• Whole:  $301,690

• Some Studios have earned this quantity. Your particular person outcomes might differ. There is no such thing as a assurance that you simply’ll earn as a lot.

Part VI – BFT Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️