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

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

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

Part III – Variety of franchised and company-owned BFT retailers initially of the yr and the top of the yr for 2020, 2021, and 2022, based mostly 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 income), based mostly 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 your entire 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), based mostly on Merchandise 7 of the corporate’s 2023 FDD:

• Preliminary Franchise Payment:  $60,000
• Preliminary Coaching Program Charges:  $0
• Journey and Residing Bills Whereas Coaching:  $0 to $2,500
• Actual Property/Lease and Skilled Charges:  $25,000 to $67,700
• Internet 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 Tools 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
• Pc 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
• Expertise Charges:  $4,500
• Extra Funds for 3 Months:  $12,000 to $30,000
• Complete 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 and marketing price, based mostly 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:  not less than $1,500 per 30 days

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

Franchised

2020

• Shops on the Begin of the Yr:  0
• Shops on the Finish of the Yr:  1
• Internet Change:  +1

2021

• Shops on the Begin of the Yr:  1
• Shops on the Finish of the Yr:  2
• Internet Change:  +1

2022

• Shops on the Begin of the Yr:  2
• Shops on the Finish of the Yr:  2
• Internet Change:  0

Firm-Owned

2020

• Shops on the Begin of the Yr:  1
• Shops on the Finish of the Yr:  1
• Internet Change:  0

2021

• Shops on the Begin of the Yr:  1
• Shops on the Finish of the Yr:  0
• Internet Change:  -1

2022

• Shops on the Begin of the Yr:  0
• Shops on the Finish of the Yr:  0
• Internet 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 comprises sure historic knowledge associated to the operation of franchised Studios. The desk under displays the Gross Income of each franchised Studios that operated all through your entire Measurement Interval.

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

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

• “Gross Income” means the full 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 way of, that Studio.

• Gross Income excludes gross sales tax (that the Studio proprietor should pay on to the suitable taxing authority). Please word, Gross Income is outlined in another way 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 completely different than if utilized to Gross Income knowledge supplied 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 complete calendar month.

• The desk under supplies the info related to each franchised Studios that, as of the actual calendar month, have been open and working for not less than 12 months:

BFT Santa Monica

• March 2022:  $79,085
• April 2022:  $72,296
• Might 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
• Complete:  $919,436

BFT Fort Lauderdale

• March 2022:  $28,141
• April 2022:  $29,702
• Might 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
• Complete:  $301,690

• Some Studios have earned this quantity. Your particular person outcomes might differ. There isn’t 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) ⬇️