Bodybar Pilates Franchise Prices, Charges, Revenues, Income (2023 Evaluate)


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On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Bodybar Pilates franchise, based mostly on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise price, royalty price, and advertising and marketing price for a Bodybar Pilates franchise, based mostly on Objects 5 and 6 of the corporate’s 2022 FDD

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Part III – Variety of franchised and company-owned Bodybar Pilates retailers firstly of the yr and the tip of the yr for 2019, 2020, and 2021, based mostly on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Bodybar Pilates franchise alternative

Part V – Presentation and evaluation of Bodybar Pilates’ monetary efficiency representations (common revenues and/or earnings), based mostly on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

  • 2021 precise, common, excessive, and low quarterly and annual product sales and variety of members for the 5 Bodybar Pilates studios that had been open earlier than the beginning of the Measurement Interval (March 1, 2021, by means of February 28, 2022) (the “Included Studios”)
  • 2020 and 2021 systemwide quarterly product sales and memberships, and year-over-year share change, for the Included Studios
  • 2020 and 2021 precise product sales, and year-over-year share change, for 3 of the Included Studios open your entire 2020 and 2021 calendar years

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

Part I – Bodybar Pilates Franchise Prices

  • Preliminary Franchise Charge:  $49,500
  • Journey and Dwelling Bills Whereas Coaching:  $500 to $5,000
  • Bodybar Pilates Teacher Coaching Program:  $4,500
  • Actual Property/Lease:  $4,000 to $27,500
  • Leasehold Enhancements:  $76,000 to $167,000
  • Pilates Tools Bundle:  $65,500 to $95,000
  • Millwork, Audio, and Visible Objects:  $22,700 to $30,500
  • Signage:  $9,500 to $23,325
  • Pc System and Tools:  $1,000 to $5,000
  • Preliminary Stock Equipment:  $15,000
  • Promoting/Advertising (together with Grand Opening Program prices):  $15,000 to $30,000
  • Insurance coverage:  $1,200 to $4,000
  • Transport:  $5,000 to $25,000
  • Skilled Charges:  $1,000 to $35,000
  • Further Funds:  $40,000 to $60,000
  • Complete Estimated Bodybar Pilates Franchise Prices:  $310,400 to $571,325

Part II – Bodybar Pilates’ Preliminary Franchise Charge, Royalty Charge, and Advertising Charge

  • Preliminary Franchise Charge:  $49,500
  • Royalty:  7% of Gross Gross sales
  • Advertising Fund Charge:  2% of Gross Gross sales
  • Native Promoting Requirement:  a minimal of $3,000 per thirty days

Part III – Variety of Franchised and Firm-Owned Bodybar Pilates Shops

Franchised

2019

  • Shops on the Begin of the Yr:  2
  • Shops on the Finish of the Yr:  3
  • Web Change:  +1

2020

  • Shops on the Begin of the Yr:  3
  • Shops on the Finish of the Yr:  4
  • Web Change:  +1

2021

  • Shops on the Begin of the Yr:  4
  • Shops on the Finish of the Yr:  8
  • Web Change:  +4

Firm-Owned

2019

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

2020

  • Shops on the Begin of the Yr:  0
  • Shops on the Finish of the Yr:  0
  • Web Change:  0

2021

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  • Shops on the Begin of the Yr:  0
  • Shops on the Finish of the Yr:  0
  • Web Change:  0

Part IV – Information Updates on the Bodybar Pilates Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Income) for the Bodybar Pilates Franchise (Merchandise 19, 2022 FDD)

  • As of December 31, 2021, there have been eight open Bodybar Pilates Studios.
  • This Merchandise units forth historic internet income, memberships, common income per membership, systemwide gross sales, and same-store gross sales as supplied to Bodybar Pilates by 5 of the eight open Bodybar Pilates Studios (the “Included Studios”) for the interval from March 1, 2021, by means of February 28, 2022 (the “Measurement Interval”).
  • Of the 5 Included Studios, one opened for enterprise on January 25, 2021, one opened for enterprise on August 1, 2020, and one was below new possession as of December 31, 2020.
  • The Included Studios function with an energetic Studio Supervisor and/or Working Principal and have a complete of 12 or 14 Pilates Reformers and Chairs. As a brand new franchisee, your Studio shall be required to function 14 Pilates Reformers and Chairs. Aside from the above disclosure, your Studio shall be considerably just like the Included Studios.
  • Excluded from this Merchandise had been three Studios that opened after the start of the Measurement Interval.
  • Bodybar Pilates has not audited or independently verified this info.

Half 1 – Gross Gross sales per Included Pilates Studio Through the Measurement Interval

Studio A

March 2021 to Could 2021

  • Gross Gross sales:  $86,242
  • Variety of Members:  137

June 2021 to August 2021

  • Gross Gross sales:  $115,420
  • Variety of Members:  187

September 2021 to November 2021

  • Gross Gross sales:  $149,784
  • Variety of Members:  240

December 2021 to February 2022

  • Gross Gross sales:  $153,546
  • Variety of Members:  280

Complete

  • Complete Gross Gross sales Throughout 1-Yr Measurement Interval:  $504,992

Studio B

March 2021 to Could 2021

  • Gross Gross sales:  $95,213
  • Variety of Members:  187

June 2021 to August 2021

  • Gross Gross sales:  $117,965
  • Variety of Members:  217

September 2021 to November 2021

  • Gross Gross sales:  $125,296
  • Variety of Members:  229

December 2021 to February 2022

  • Gross Gross sales:  $118,517
  • Variety of Members:  195

Complete

  • Complete Gross Gross sales Throughout 1-Yr Measurement Interval:  $456,991

Studio C

March 2021 to Could 2021

  • Gross Gross sales:  $126,017
  • Variety of Members:  264

June 2021 to August 2021

  • Gross Gross sales:  $125,742
  • Variety of Members:  268

September 2021 to November 2021

  • Gross Gross sales:  $120,231
  • Variety of Members:  277

December 2021 to February 2022

  • Gross Gross sales:  $129,050
  • Variety of Members:  283

Complete

  • Complete Gross Gross sales Throughout 1-Yr Measurement Interval:  $501,040

Studio D

March 2021 to Could 2021

  • Gross Gross sales:  $89,384
  • Variety of Members:  173

June 2021 to August 2021

  • Gross Gross sales:  $104,130
  • Variety of Members:  197

September 2021 to November 2021

  • Gross Gross sales:  $112,359
  • Variety of Members:  208

December 2021 to February 2022

  • Gross Gross sales:  $134,771
  • Variety of Members:  232

Complete

  • Complete Gross Gross sales Throughout 1-Yr Measurement Interval:  $440,644

Studio E

March 2021 to Could 2021

  • Gross Gross sales:  $87,837
  • Variety of Members:  174

June 2021 to August 2021

  • Gross Gross sales:  $109,710
  • Variety of Members:  212

September 2021 to November 2021

  • Gross Gross sales:  $116,635
  • Variety of Members:  231

December 2021 to February 2022

  • Gross Gross sales:  $130,491
  • Variety of Members:  246

Complete

  • Complete Gross Gross sales Throughout 1-Yr Measurement Interval:  $444,673

Common

March 2021 to Could 2021

  • Gross Gross sales:  $96,939
  • Variety of Members:  187

June 2021 to August 2021

  • Gross Gross sales:  $114,593
  • Variety of Members:  216

September 2021 to November 2021

  • Gross Gross sales:  $124,861
  • Variety of Members:  237

December 2021 to February 2022

  • Gross Gross sales:  $133,275
  • Variety of Members:  247

Complete

  • Complete Gross Gross sales Throughout 1-Yr Measurement Interval:  $469,668

Excessive

March 2021 to Could 2021

  • Gross Gross sales:  $126,017
  • Variety of Members:  264

June 2021 to August 2021

  • Gross Gross sales:  $125,742
  • Variety of Members:  268

September 2021 to November 2021

  • Gross Gross sales:  $149,784
  • Variety of Members:  277

December 2021 to February 2022

  • Gross Gross sales:  $153,546
  • Variety of Members:  283

Low

March 2021 to Could 2021

  • Gross Gross sales:  $86,242
  • Variety of Members:  137

June 2021 to August 2021

  • Gross Gross sales:  $104,130
  • Variety of Members:  187

September 2021 to November 2021

  • Gross Gross sales:  $112,359
  • Variety of Members:  208

December 2021 to February 2022

  • Gross Gross sales:  $118,517
  • Variety of Members:  195
  • The quarterly averages famous above had been calculated by dividing the sum of the Included Studios’ Gross Gross sales and dividing by 5. One Included Studio surpassed the March to Could common and 4 didn’t. Three Included Studios surpassed the June to August common and two didn’t. Two Included Studios surpassed the September to November common and three didn’t. Two Included Studios surpassed the December to February common and three didn’t.
  • Gross Gross sales is outlined as whole income generated from the sale of all companies and merchandise and all revenue of each different sort and nature associated to the Studio whether or not for money or credit score (handled as a sale when the cost is made and no matter assortment within the case of credit score), gross sales in sort from barter and/or alternate, in addition to enterprise interruption insurance coverage proceeds.
  • Gross Gross sales doesn’t embrace:
  • (i) gross sales (or comparable) taxes that Franchisee collects out of your clients for those who transmit them to the suitable taxing authority;
  • (ii) proceeds from remoted gross sales of commerce fixtures that aren’t a part of the services Franchisee provides and that wouldn’t have any materials impact on the operation of the Franchise;
  • (iii) ideas or gratuities paid straight by Franchise members or clients to staff, lecturers or instructors or paid to Franchisee after which turned over to those staff by Franchisee in lieu of direct ideas or gratuities; or
  • (iv) returns to shippers or producers.
  • Gross Gross sales additionally doesn’t embrace proceeds from the sale of present certificates or saved worth playing cards (all proceeds from the sale of present certificates and saved worth playing cards belong to Bodybar Pilates), nevertheless it does embrace the redemption worth of present certificates and saved worth playing cards on the time purchases are made.

Half 2 – Yr-Over-Yr Systemwide Gross Gross sales and Membership Depend for Calendar Years 2021 and 2020

2020

  • This autumn Gross Gross sales:  $220,789
  • Q3 Gross Gross sales:  $255,740
  • Q2 Gross Gross sales:  $141,902
  • Q1 Gross Gross sales:  $265,137
  • Complete:  $883,568
  • This autumn Memberships:  669
  • Q3 Memberships:  525
  • Q2 Memberships:  453
  • Q1 Memberships:  460

2021

  • This autumn Gross Gross sales:  $865,231
  • Q3 Gross Gross sales:  $744,051
  • Q2 Gross Gross sales:  $593,660
  • Q1 Gross Gross sales:  $433,552
  • Complete:  $2,636,494
  • This autumn Memberships:  1,949
  • Q3 Memberships:  1,670
  • Q2 Memberships:  1,359
  • Q1 Memberships:  981

% Change

  • This autumn Gross Gross sales:  292%
  • Q3 Gross Gross sales:  191%
  • Q2 Gross Gross sales:  318%
  • Q1 Gross Gross sales:  64%
  • Complete:  198%
  • This autumn Memberships:  191%
  • Q3 Memberships:  218%
  • Q2 Memberships:  200%
  • Q1 Memberships:  113%

Half 3 – Yr-Over-Yr Gross Gross sales for Three of the Included Studios Open the Total 2020 and 2021 Calendar Years

Dallas

  • 2020:  $232,520
  • 2021:  $432,341
  • % Change:  86%

Fort Value

  • 2020:  $431,418
  • 2021:  $479,582
  • % Change:  11%

Plano

  • 2020:  $192,023
  • 2021:  $391,288
  • % Change:  104%
  • Some retailers have earned this quantity. Your particular person outcomes could fluctuate. There isn’t any assurance you’ll do as nicely.
  • The figures above don’t embrace any prices or bills that you’ll incur within the institution and operation of a Studio, together with preliminary franchise charges, build-out and gear prices, lease, expertise, and different Studio prices. The above figures additionally exclude residing bills.

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

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