Burn Boot Camp logo

Burn Boot Camp Franchise

Audited Financials
FitnessEst. 2014Cornelius, NC
www.BurnBootCamp.com

Risk Score

Pending analysis

Investment Range

$281,899 - $645,344

Franchise Fee

$39,000

Min Cash Required

$10,000

Total US Locations

365

Business Summary

Burn Boot Camp is a fitness boot camp that offers focused fitness programs in a group setting, complemented by nutritional and goal-setting assistance. Burn Boot Camp businesses provide fast-paced sessions taught by certified personal trainers and utilize an interactive Burn App to help members manage their fitness journey, book camps, and access online workouts. The programs are designed to be individually and family-centric, supporting members in achieving their fitness, nutritional, weight loss, muscle strength, and confidence goals.

Corporate History

Kline Franchising, Inc. was incorporated in North Carolina on October 9, 2014. The Burn Boot Camp concept was originally launched in April 2012, with its principals operating outlets through various affiliated entities. Burn Boot Camp began offering franchises for the operation of its fitness boot camp facilities on February 15, 2015.

Financial Overview

Investment Range

$281,899 - $645,344

Franchise Fee (Low)

$39,000

Franchise Fee (High)

$60,000

Minimum Cash Required

$10,000

Royalty %

6%

Marketing %

2%

Equipment Costs (Low)

$117,670

Equipment Costs (High)

$299,498

Working Capital

$20,000

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The independent auditor of Burn Boot Camp has issued an unqualified opinion on its financial statements, indicating that they present fairly in all material respects. The auditor did not raise substantial doubt about Burn Boot Camp's ability to continue as a going concern. Burn Boot Camp shows a strong financial position with increasing cash balances year over year, reaching $2,004,534 in 2024. The company maintains healthy working capital, with current assets of over $7.1 million exceeding current liabilities of approximately $3.8 million as of December 31, 2024. Burn Boot Camp has also consistently reported substantial net income, ranging from $2.3 million to $4.5 million over the past three fiscal years.

Financing Details

Burn Boot Camp does not offer any direct or indirect financing options to its franchisees. Additionally, Burn Boot Camp does not guarantee any franchisee's lease, note, or other financial obligations. Franchisees are responsible for securing their own funding through third-party sources.

Performance Metrics

Total US Locations

365

Franchised Units

356

Corporate Units

9

Avg Square Footage

5,250

Franchising Since

2015

Legal & Compliance Analysis

Recent Litigation

No

Bankruptcy

No

Litigation Count

1

Litigation Summary

Burn Boot Camp has disclosed one past legal matter. In June 2016, the Virginia State Corporation Commission investigated Burn Boot Camp and its founder, Devan Kline, for selling three unregistered franchises in Virginia. Burn Boot Camp resolved this by offering rescission to the three affected entities, who accepted and received refunds of their initial fees. A settlement agreement in April 2017 dismissed the action, with Burn Boot Camp agreeing to pay $15,000 in penalties and $4,000 for costs, and to comply with the act. There is no other litigation required to be disclosed for Burn Boot Camp.

Bankruptcy History

Burn Boot Camp has no bankruptcy history to report.

Agreement Terms

Initial Term

5 years

Renewal Term

5 years

Renewal Conditions

To renew their franchise agreement, Burn Boot Camp franchisees must provide written notice to the franchisor not more than 18 months and not less than 12 months before the current term ends. They must be in full compliance with their franchise agreement and all other agreements with Burn Boot Camp, having timely met all financial obligations. Franchisees must also satisfy Burn Boot Camp's then-current qualification and education requirements. For the second renewal, a renewal fee of $10,000 is required. They must execute a general release of claims (if not conflicting with state law) and upgrade their facility, including signage, graphics, equipment, and furnishings, to meet Burn Boot Camp's current standards and specifications, at their own expense. Franchisees should be aware that they may need to sign a new franchise agreement with materially different terms.

Training & Support Program

Franchisor Assistance

Burn Boot Camp provides comprehensive assistance to its franchisees, starting with pre-opening support. This includes defining the territory, providing written specifications for all necessary equipment, software, and supplies, and delivering the Initial Inventory Package through its affiliate Burn Retail. Burn Boot Camp also provides a confidential Operations Manual, assists with lease approval, and offers an initial franchisee education program. For site selection, Burn Boot Camp reviews and approves proposed locations within 30 days and provides floor plan examples and mandatory construction specifications, requiring franchisees to hire an architect. After opening, ongoing assistance includes discretionary on-site supervision (with franchisees covering expenses), continuing education meetings, and participation in quarterly meetings or an annual convention. Burn Boot Camp provides updated lists of approved services, products, exercise equipment, and suppliers, and reviews requests for new items and advertising materials within 30 days. It also offers continuing education for new Operations Managers and Lead Trainers, establishes minimum and maximum pricing guidelines, and supports gift certificate and loyalty programs. Additionally, Burn Boot Camp provides a telephone helpline for questions during business hours and an online intranet system for communication, operational updates, and training materials. Optional virtual education opportunities are also available.

Initial Training Hours

90

Training Location

Corporate headquarters in Cornelius, North Carolina

Ongoing Support

Burn Boot Camp provides ongoing support to its franchisees through various channels after their business opens. This includes on-site supervision and assistance for membership sales, fitness programs, equipment operation, customer service, and general operational matters, with franchisees covering travel expenses. Burn Boot Camp also offers continuing education meetings and conducts quarterly meetings or an annual convention, for which franchisees pay a fee and expenses. Burn Boot Camp provides updated lists of approved services, products, exercise equipment, and suppliers, and reviews requests for new items and advertising materials within 30 days. Continuing education is provided for new Operations Managers and Lead Trainers. Additionally, Burn Boot Camp offers regular conference calls for guidance, a free telephone helpline during business hours, and an online intranet system for communication, operational updates, and training materials.

Franchise Requirements

Ideal Candidate Profile

Burn Boot Camp seeks qualified candidates with strong financial resources, experience in the fitness industry, and general business acumen, along with solid marketing and sales plans. Ideal franchisees or their designated Operations Manager and Lead Trainer must successfully complete Burn Boot Camp's education programs. The Operations Manager oversees the business operations, while the Lead Trainer is responsible for the training regimen.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

Yes

Operational Details

Location Type

Retail

Owner Participation

Supervisory

Territory Type

Protected

Territory Size Requirements

Burn Boot Camp grants a protected territory defined by a specific radius around the business location. If the population within a 3-mile radius is less than 50,000 people, the territory will encompass that 3-mile radius. If the population within a 3-mile radius exceeds 50,000 people, the territory will be defined by a smaller radius from the business location that results in a population of exactly 50,000 within that territory. Population data is based on census data used by Burn Boot Camp's territory mapping software.

Staffing Notes

Burn Boot Camp requires franchisees to employ specific staff roles. Each business must have one Lead Trainer responsible for overseeing the training regimen, who must successfully complete the designated franchisee education program for trainers. The franchisee can serve as the Lead Trainer with prior written consent. Additionally, an Operations Manager is required to personally oversee the business's operations, and this individual must complete the franchisee education program for operations managers; the franchisee can also serve in this role with prior written consent. A full-time "Burn Ambassador" must also be employed. Beyond these specific roles, franchisees must hire enough support trainers and staff to provide all approved services, including childwatch services, though the childwatch requirement may be waived at Burn Boot Camp's discretion if it's not expected by customers at a particular location.