Rev'd franchise
2024 filing · June 7, 2024Growing
Rev'd at a glance
A fitness studio offering indoor cycling and bootcamp-style classes with synchronized lighting, sound and video. At the end of 2023 there were 1 Rev'd locations in the US, all franchised.
The business
- Franchisor
- Rev'd Franchising LLC
- The company that sells the franchises
- Franchising since
- 2023
- Franchisor based in
- Dedham, Massachusetts
What you pay
- Cost to open
- $408K–$1.27M
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 7%
- The greater of 7% of the prior month's gross sales or $2,000, paid monthly, plus local advertising of up to 2%
- Brand fund
- Yes
- Up to 2% of the prior month's gross sales, if a fund is set up
- Renewal fee
- See terms
- 50% of the then-current initial franchise fee
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 1
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 0
- Change in 3 years
- +1
- Franchised locations, 2021–2023
- States
- 1
- Most in Arizona
From Rev'd Franchising LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Rev'd among all franchises with the same figure.
| Figure | Rev'd | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $839,550 | Costs more than 80% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Rev'd franchise costs
Opening one Rev'd costs an estimated $408,100 to $1,271,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($250,000 to $1,000,000) and exercise equipment ($60,000 to $125,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| To be Made Initial Franchise Fee | $40,000 | ||
| Leasehold Improvements | $250,000 | $1,000,000 | |
| Initial Rent Payments | $8,000 | $24,000 | |
| Signage | $7,000 | $13,000 | |
| Furniture and Fixtures | $2,000 | $7,000 | |
| Exercise Equipment | $60,000 | $125,000 | |
| Initial Inventory | $5,000 | $10,000 | |
| Initial Supplies | $2,500 | $5,000 | |
| Computers, Telecommunications, and Security System | $4,500 | $5,500 | |
| Initial Training Expenses | $3,000 | $5,000 | |
| Grand Opening Advertising | $5,000 | ||
| Utility Deposits | $1,500 | $2,500 | |
| To be Made Insurance Premiums | $4,500 | $6,000 | |
| Permits and Licenses | $100 | $3,000 | |
| Additional Funds | $15,000 | $20,000 | |
| Total | $408,100 | $1,271,000 | |
Source: Rev'd Franchising LLC, 2024 filing, page 14
Rev'd franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: Rev'd Franchising LLC, 2024 filing, page 8
Royalty and ongoing fees
| Royalty | The greater of 7% of the prior month's gross sales or $2,000, paid monthly, plus local advertising of up to 2%. |
|---|---|
| Brand or marketing fund | Up to 2% of the prior month's gross sales, if a fund is set up. |
| Software License Fees/Costs | Approximately $2,250 per month, currently |
| Renewal Fee | 50% of the then-current initial franchise fee |
| Training Fee | Then-current training fee; currently $300 per person per day |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Rev'd Franchising LLC, 2024 filing, page 9
Other fees as filed, from pages 9–10. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Rev'd does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Rev'd Franchising LLC, 2024 filing, page 43
How Rev'd compares
Of the 92 gym franchises on this site, Rev'd is the 66th cheapest to open and the 83rd largest by number of locations.
| Figure | Rev'd | Typical gym brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $408K | $342K | $222K |
| Cost to open, high end | $1.27M | $653K | $477K |
| Franchise fee | $40K | $50K | $40K |
| Royalty | 7% | 6.5% | 6% |
| US locations | 1 | 17 | 21 |
| Shares earnings figures | No | 53 of 92 | 2,147 of 3,352 |
Typical is the median across the 92 brands in gym franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 0 | 0 | 0 |
| 2022 | 0 (0) | 0 | 0 | 0 |
| 2023 | 1 (+1) | 0 | +1 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: fitness franchise costs and franchise failure rates.
Source: Rev'd Franchising LLC, 2024 filing, page 44
Where Rev'd locations are
At the end of 2023, Rev'd had franchised locations in 1 state. The most are in Arizona.
- Arizona1
| State | Franchised |
|---|---|
| Arizona | 1 |
Source: Rev'd Franchising LLC, 2024 filing, page 45
Who owns Rev'd?
Rev'd franchises are sold by Rev'd Franchising LLC. Its filing names no parent company.
From Rev'd Franchising LLC’s 2024 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Rev'd Franchising LLC, 2024 filing, litigation on page 7, bankruptcy on page 7
Rev'd filings
The figures on this page come from Rev'd Franchising LLC’s 2024 filing, issued June 7, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | June 7, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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