ISI Elite Training logo

ISI Elite Training Franchise

Audited Financials
FitnessEst. 2018Charlotte, NC
www.ISIfranchise.com

Risk Score

Pending analysis

Investment Range

$266,000 - $645,000

Franchise Fee

$35,000

Total US Locations

45

Business Summary

ISI Elite Training operates fitness facilities that offer proprietary athletic-based conditioning fitness programs in a group setting for men and women of all ages. These facilities provide fitness instruction with a focus on strength and conditioning. The business model includes tiered membership packages, proprietary workouts, challenges, progress tracking, a video vault of exercise programs, and themed group events. ISI Elite Training also sells fitness-related apparel and nutritional supplements, all managed through a proprietary system.

Corporate History

ISI Franchise International, Inc. was established as a South Carolina corporation on June 4, 2018. The company began offering franchises in April 2019, building on its affiliates' experience operating this type of business since March 2016. ISI Franchise International, Inc. primarily focuses on administering its franchise system and acts as a designated supplier for certain items. It does not have any parent or predecessor companies. The company has several affiliates under Relentless Brands, Inc., including Relentless Retail, Relentless Marketing, Relentless Project Management, Human Nutrition, and Plunge House Franchising, LLC, which offers separate franchise opportunities.

Financial Overview

Investment Range

$266,000 - $645,000

Franchise Fee (Low)

$35,000

Franchise Fee (High)

$60,000

Royalty %

7%

Marketing %

2%

Equipment Costs (Low)

$50,000

Equipment Costs (High)

$84,000

Working Capital

$37,500

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

ISI Franchise International, Inc.'s financial statements have received an unqualified opinion from its independent auditors, indicating that the financial position, results of operations, and cash flows are presented fairly in all material respects. The company has federal net operating loss carryforwards of $345,790 and state net operating loss carryforwards of $443,325, which can be utilized to offset future taxable income. The auditor's report does not express any substantial doubt about ISI Franchise International, Inc.'s ability to continue as a going concern.

Financing Details

ISI Franchise International, Inc. does not offer direct or indirect financing, nor does it guarantee any franchisee's note, lease, or other obligations. Franchisees are responsible for securing their own financing.

Performance Metrics

Total US Locations

45

Franchised Units

44

Corporate Units

1

Avg Square Footage

2,800

Franchising Since

2019

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their ISI Elite Training franchise agreement, franchisees must meet several conditions. They must not have any uncured material defaults under their Franchise Agreement or any other agreement with ISI Franchise International, Inc. or the landlord, and must not have received more than three separate written notices of material default in the 12-month period preceding the renewal request or date. Franchisees must also complete any required renovations and modernizations to their facility to comply with current system standards, pay a renewal fee equal to 25% of the then-current initial franchise fee, and execute the franchisor's then-current franchise agreement (which may contain materially different terms). Additionally, they must complete any required refresher training and sign a general release in favor of ISI Franchise International, Inc. and its related parties. Franchisees are also expected to have consistently supported the franchisor's training, purchasing, marketing, advertising, promotional, and other operational programs.

Training & Support Program

Franchisor Assistance

ISI Elite Training provides extensive support to its franchisees. Before opening, assistance includes designating development areas (for multi-unit deals), guidance on site selection, review of proposed leases, defining the designated territory, providing a confidential Operations Manual, and lists of required items and approved suppliers. The franchisor also offers architectural and design specifications for the facility, guidance on grand opening advertising, and a self-study program to prepare for initial training. Initial training consists of an Owner/Operator Module (virtual and in-person at corporate headquarters in Charlotte, NC) for franchisees and designated managers, and a Coach Module for staff providing fitness instruction, culminating in a Coaches Certification. An On-Site Module is also provided around the time of the grand opening. After opening, ISI Elite Training may offer and require additional or refresher training annually (up to five days) through various methods like phone, webinars, or video. They provide ongoing consultation and advice on management and operations, including guidance on pricing strategies. On-site assistance may be available upon request, potentially incurring an additional fee. The franchisor reviews and approves advertising materials, administers a Brand Development Fund for system-wide marketing, and maintains a System website portal for updates, training, and communication. Regular inspections and audits of franchised businesses are conducted to ensure compliance with system standards. The franchisor also researches and develops new services, products, and equipment for the system.

Initial Training Hours

63

Training Location

Corporate headquarters in Charlotte, North Carolina and Virtual

Ongoing Support

After opening, ISI Elite Training franchisees receive continuing advisory assistance from the franchisor on the management and operation of their business, which may be provided via telephone, facsimile, intranet, or video calls, subject to personnel availability. The franchisor offers guidance on pricing for products and services through an ISI Elite Training Membership Options and Rates Policy guide. Franchisees may also request additional on-site assistance, subject to availability and potentially an additional training fee. The franchisor reviews and approves all advertising and marketing materials. ISI Elite Training maintains and administers a Brand Development Fund for system-wide advertising and marketing. Franchisees are typically required to attend an annual conference for up to five days, incurring a ticket fee (maximum $1,000) and their own travel expenses. The franchisor may also provide a System website portal for updates, webinars, training, marketing templates, and communication. Regular inspections and audits of the franchised business are conducted to ensure compliance with system standards. The franchisor reserves the right to supplement, revise, or modify the operations manuals and initial training program, and to research and develop new products, services, and equipment, providing this information to franchisees.

Franchise Requirements

Ideal Candidate Profile

ISI Elite Training seeks franchisees who will either personally manage the day-to-day operations of their franchised business on a full-time basis, or hire a Designated Manager approved by the franchisor. All individuals who plan on instructing the proprietary fitness programs, workouts, and challenges, including the franchisee or any Authorized Coach, must be certified by a personal training program accredited by the National Commission for Certifying Agencies (NCCA) and maintain current CPR and First Aid certifications. Franchisees are responsible for ensuring that all personnel, especially those providing Approved Services, have completed the necessary training modules provided by ISI Elite Training.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

Retail

Owner Participation

Supervisory

Territory Type

exclusive

Territory Size Requirements

ISI Elite Training territories are typically defined as a geographic area of up to 50,000 people, encompassing a radius of two blocks to two miles around the facility location. The precise size and shape of a Designated Territory will vary based on factors such as population density, local demographics, existing territorial rights granted to other facilities, and whether the location is within a major metropolitan or central business district. The boundaries can be delineated using zip codes, streets, natural or man-made landmarks, or county lines.

Staffing Notes

ISI Elite Training requires that at least one individual who has completed the Owner/Operator Module of their Initial Training Program be on-site at the franchised business at all times the facility is open. Additionally, whenever Approved Services (such as fitness classes or instruction) are being offered, at least one individual who has completed the Coach Module must be on-site. Any individual instructing fitness programs must hold an NCCA-accredited personal training certification, along with current CPR and First Aid certifications. Franchisees are solely responsible for adequately training all other personnel (those not serving as Authorized Coaches or Designated Managers) on various aspects of the business, including sales, advertising, premises maintenance, and proper use of the POS and computer systems, in accordance with the franchisor's standards. For multi-unit owners, each facility must have a properly trained Designated Manager. New Designated Managers must complete the Initial Training Program within 60 days of hire, and new Authorized Coaches must complete the Coach Module before performing any Approved Services.