Risk Score
Pending analysis
Investment Range
$413,100 - $806,900
Franchise Fee
$45,000
Min Cash Required
$45,000
Total US Locations
16
Business Summary
JETSET Franchising, LLC offers franchises for JETSET studios, which specialize in a customized physical fitness Pilates training program featuring a unique reformer and class experience. These studios provide a total-body workout designed to improve strength, stability, and overall physical health in a stylish and motivational setting. All classes are taught by JETSET Pilates certified instructors, with options for both group classes and private one-on-one or dual training sessions. In addition to fitness programs, JETSET studios also sell ancillary products such as supplements, branded merchandise, and non-slip socks. The business operates under a package and membership model, allowing customers to pay monthly fees or purchase individual class packages.
Corporate History
JETSET Franchising, LLC's business concept originated with the first JETSET Pilates studio, which opened in October 2010 in Miami, Florida. This studio was initially named 'JETSET Pilates' and later rebranded as 'JETSET Miami.' The founder, Tamara Galinsky, subsequently developed three additional JETSET Miami Studios in Miami, Florida, two of which involved an investor partner. JETSET Franchising, LLC was officially organized as a Delaware limited liability company on March 15, 2022, and began offering franchises on April 30, 2022. The company is primarily engaged in offering JETSET franchises and administering its franchise system. JETSET Franchising, LLC has several affiliates, including JETSET IP Holdings, LLC, which owns the trademarks and other intellectual property licensed to the franchisor and sublicensed to franchisees.
Financial Overview
Investment Range
$413,100 - $806,900
Franchise Fee (Low)
$45,000
Franchise Fee (High)
$60,000
Minimum Cash Required
$45,000
Royalty %
7.5%
Marketing %
1.5%
Equipment Costs (Low)
$284,450
Equipment Costs (High)
$621,750
Working Capital
$52,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
JETSET Franchising's financial condition, as reflected in its financial statements, raises questions about its financial ability to provide services and support to franchisees, as highlighted in the special risks section of the FDD. The company reported a net loss of $373,319 in 2024 and $331,734 in 2023, and shows negative equity of $603,830 in 2024 and $230,511 in 2023. This indicates financial difficulties that prospective franchisees should consider.
Financing Details
JETSET Franchising does not offer any direct or indirect financing to its franchisees and does not guarantee any of their notes, leases, or other financial obligations. Franchisees are responsible for securing their own funding through third-party lenders.
Performance Metrics
Total US Locations
16
Franchised Units
12
Corporate Units
4
Avg Square Footage
1,900
Franchising Since
2022
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
JETSET Franchising has no litigation to report, as stated in Item 3 of the FDD document.
Bankruptcy History
JETSET Franchising has no bankruptcy information to report for itself or its key personnel, as stated in Item 4 of the FDD document.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise agreement, JETSET franchisees and their owners must not be in default under their current agreement or any other agreements with the franchisor or its affiliates. They must provide written notice of their intent to renew between 180 and 270 days before the current term expires. Franchisees will also need to sign the franchisor's then-current franchise agreement and all related documents, which may have materially different terms. A renewal fee of $25,000 is required, along with signing a general release of claims. Additionally, franchisees must remodel or upgrade their studio to meet the franchisor's current standards and specifications, maintain possession of their premises under their lease, and take any other actions the franchisor reasonably requires.
Training & Support Program
Franchisor Assistance
JETSET Franchising provides comprehensive support to its franchisees. Before a studio opens, the franchisor licenses the necessary intellectual property, offers access to a designated real estate company for site selection, and a preconstruction and build project management provider to assist with architectural, permitting, general contractor bids, and overall build project management. They approve the location, build-out, and design of the studio and provide access to the Brand Standards Manual. Franchisees receive written specifications for required goods and services, along with lists of approved suppliers. An initial training program is provided for the owner/operator, general manager, and the first six instructors. The franchisor also sets up a local webpage for the studio and implements a grand opening marketing program. Once the studio is operational, JETSET Franchising offers ongoing guidance and recommendations to improve marketing and operations, provides market-specific pricing, and conducts periodic training programs. They maintain a main website that lists all JETSET studios and continuously develops new exercises and fitness programs. Franchisees also receive three business email addresses. Optionally, the franchisor may develop new merchandise, negotiate discounted purchase agreements with suppliers, host national or regional conferences (with a registration fee), provide additional training upon request (for a fee), establish a franchise advisory council, and assign a business consultant for periodic reviews.
Initial Training Hours
91
Training Location
Designated JETSET Training Facility in Miami Beach, Florida, virtual training, and on-site at the franchisee's studio.
Ongoing Support
After opening, JETSET Franchising provides ongoing guidance and recommendations to improve the marketing and operation of the business. They offer periodic training programs and maintain a website listing all JETSET studios. The franchisor also develops new exercises and fitness programs, which are communicated through manual updates or training. They may, but are not obligated to, develop new merchandise, negotiate purchase agreements with suppliers for discounted prices, and hold national or regional conferences. Additional training or assistance may be provided upon request, and a business consultant may be assigned to perform periodic reviews of the franchisee's operations.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
Full-Time
Territory Type
Protected
Staff Count
10
Territory Size Requirements
JETSET Franchising defines its territories based on population. Each territory will include a minimum of 30,000 people over the age of 20, with most territories anticipated to include between 30,000 and 40,000 people over the age of 20.
Staffing Notes
JETSET studios require a specific staffing structure including a full-time Owner/Operator who must dedicate their full-time efforts to the business. Alternatively, an authorized general manager can be appointed to handle daily on-site supervision for at least 25 hours per week while classes are in session, though the Owner/Operator remains ultimately responsible. Studios must always have one Lead Instructor and at least six part-time JETSET instructors. All instructors must complete the JETSET Training Academy, pass an evaluation, and hold current Professional Liability Insurance and Adult CPR/AED & First Aid certifications. Lead Instructors have additional requirements, including teaching 12-15 classes per week, evaluating other instructors, assisting with continuing education workshops, and leading JETSET Academy as needed. The typical initial staff includes one full-time manager, three part-time desk employees, and six part-time instructors.