BodyROK logo

BodyROK Franchise

Audited Financials
FitnessEst. 2011Saint Louis, MO
www.bodyrok.com

Risk Score

Pending analysis

Investment Range

$228,750 - $909,000

Franchise Fee

$17,500

Total US Locations

30

Business Summary

BODYROK operates single retail outlets that provide high-intensity Pilates and other fitness programs. BODYROK also offers related services, fitness clothing, accessories, and merchandise to customers using specific workout procedures, methods, and techniques. Each location features BODYROK Pilates machines, audio/visual equipment, accessories, and supplies.

Corporate History

The BODYROK concept was developed by Jake Irion in 2011. A predecessor company, BODYROK Franchise, Limited Partnership (BRFLP), offered BODYROK franchises from September 2015 to April 2018. The current franchisor, BODYROK Franchise USA, LP, was organized in Missouri on March 10, 2021, and began offering BODYROK franchises in May 2021.

Financial Overview

Investment Range

$228,750 - $909,000

Franchise Fee (Low)

$17,500

Franchise Fee (High)

$40,000

Royalty %

5%

Marketing %

1%

Equipment Costs (Low)

$134,500

Equipment Costs (High)

$535,000

Working Capital

$50,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Going concern qualification

Financial Health Notes

The independent auditors for BODYROK have raised concerns about the company's ability to continue as a going concern, noting that there are conditions or events that, when considered together, create substantial doubt about BODYROK Franchise USA, LP's ability to operate for a reasonable period of time. As of December 31, 2023, BODYROK Franchise USA, LP reported a partners' deficit of $185,207 and a net loss of $260,205.

Financing Details

BODYROK does not offer any direct or indirect financing to its franchisees. This means BODYROK will not finance the franchise fee, equipment, inventory, or any other startup costs, nor will it guarantee any notes, leases, or other obligations for franchisees.

Performance Metrics

Total US Locations

30

Franchised Units

18

Corporate Units

12

Avg Square Footage

1,500

Franchising Since

2021

Legal & Compliance Analysis

Recent Litigation

No

Bankruptcy

No

Litigation Summary

BODYROK has not reported any litigation cases in Item 3 of its Franchise Disclosure Document. This means BODYROK, its predecessors, or key management personnel have not been involved in any legal actions that require disclosure.

Bankruptcy History

BODYROK has no bankruptcy history to disclose in its Franchise Disclosure Document.

Agreement Terms

Initial Term

5 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise agreement, BODYROK franchisees must provide written notice 120 days to 12 months before the current term ends. They must be solvent, not have abandoned their location, and not be operating the business in a way that endangers public health or safety or harms the BODYROK brand. Franchisees cannot have submitted false reports or been convicted of relevant felonies. They must have fully complied with the existing agreement and satisfied all financial obligations to BODYROK and its affiliates. Before or within 90 days of signing a new agreement, franchisees must remodel and upgrade their outlet and equipment to meet current brand standards. They also need to meet current franchisee qualifications, complete any required training, and sign a general release of claims against BODYROK. A renewal fee of $2,500 is also required. The new renewal agreement may have significantly different terms, including different fees and territory definitions.

Training & Support Program

Franchisor Assistance

Before opening, BODYROK provides initial training and orientation on the BODYROK system and operations. It designates the franchised territory, offers a suggested layout plan, and approves the proposed site for the outlet. BODYROK also provides a copy of its Confidential Operations Manual. Once operating, BODYROK approves any proposed advertising materials, provides access to and integrates information about the franchisee's outlet into the BODYROK website. BODYROK may, at its discretion, offer further assistance in person, by phone, or email. It may also conduct periodic sales and administrative review visits, with no fee if required by BODYROK, but a fee of up to $750 per day if optional or requested by the franchisee. Additionally, BODYROK holds mandatory system-wide meetings or annual conventions once a year.

Initial Training Hours

52

Training Location

San Francisco, California, New York, New York, or other designated training center or BODYROK operating Outlet

Ongoing Support

After opening, BODYROK may, at its sole discretion, provide assistance with outlet operations, which can be in person, by telephone, or email, depending on staff availability. BODYROK may visit franchisees periodically for sales and administrative reviews. If these visits are required, no training fee is charged, but if requested by the franchisee, a fee of up to $750 per day plus expenses applies. BODYROK also conducts mandatory system-wide meetings or annual conventions (typically 3 days long) once a year, usually in California, which a principal owner must attend. BODYROK can recommend retail prices for services and products.

Franchise Requirements

Ideal Candidate Profile

BODYROK seeks franchisees whose principal owner either plans to actively participate in the direct management and operation of their initial outlet or has previous multi-unit operational experience. While a designated General Manager and Key Trainer must always be on duty, principal equity owners are not required to personally be on-premises for daily management. The principal owner is responsible for managing additional outlets opened under an Area Development Agreement but doesn't need to directly operate them.

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Retail

Owner Participation

Supervisory

Territory Type

Exclusive

Staff Count

4

Territory Size Requirements

Each BODYROK territory is exclusive and defined by population density, typically ranging from a quarter-mile radius in densely populated urban areas to two miles in rural areas.

Staffing Notes

BODYROK requires franchisees to employ at least one designated General Manager and one Key Trainer who have successfully completed the initial training program. If the franchisee is a sole proprietor, they can fulfill these roles. The General Manager and Key Trainer must work full-time during normal business hours, dedicating their efforts to the management, operation, and development of the franchised business. They cannot have business relationships with competitors. All instructors must attend BODYROK's instructor training before teaching classes. BODYROK does not provide assistance with hiring, supervising, or discharging employees, but strongly recommends engaging an attorney for employment law matters.