Risk Score
Pending analysis
Investment Range
$454,250 - $799,600
Franchise Fee
$42,000
Total US Locations
16
Business Summary
Pvolve Development, LLC offers franchises for health and fitness studios that provide a unique training program. This program focuses on precise movements designed to activate hard-to-reach muscles. Pvolve studios are designed to cater to various body shapes and fitness levels, and may also be authorized to provide streaming (pre-recorded) content and live, virtual services online on third-party platforms.
Corporate History
Pvolve Development, LLC was established as a Delaware limited liability company in October 2019. The company began offering Pvolve Development, LLC franchises in December 2020. It has no predecessors and focuses solely on selling and supporting Pvolve Development, LLC franchises. Its parent company, Pvolve LLC, was organized in March 2017 and began operating affiliate-owned studios in September 2019. Pvolve Development, LLC licenses the brand's intellectual property from its parent company.
Financial Overview
Investment Range
$454,250 - $799,600
Franchise Fee (Low)
$42,000
Franchise Fee (High)
$52,500
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$309,000
Equipment Costs (High)
$508,500
Working Capital
$35,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Going concern qualification
Financial Health Notes
Pvolve Development, LLC's financial statements indicate a going concern qualification from their auditors, raising substantial doubt about the company's ability to continue operating for a reasonable period. Pvolve Development, LLC has a member's deficit of $700,772 in 2024 and has consistently reported net losses, including $438,296 in 2024. Several states, such as Illinois and Maryland, require financial assurances due to Pvolve Development, LLC's financial condition, resulting in deferral of initial fees until pre-opening obligations are met and the studio is open. The estimated initial investment for a franchisee may exceed Pvolve Development, LLC's member's equity.
Financing Details
Pvolve Development, LLC does not offer any direct or indirect financing to its franchisees. Additionally, the company does not guarantee any notes, leases, or other financial obligations for franchisees.
Performance Metrics
Total US Locations
16
Franchised Units
13
Corporate Units
3
Avg Square Footage
2,550
Franchising Since
2020
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Pvolve Development, LLC has no litigation to report in this section. There are no currently effective determinations or pending proceedings involving any of the Marks, nor any material litigation, that are required to be disclosed.
Bankruptcy History
Pvolve Development, LLC has no bankruptcy information to report for itself, its predecessors, parents, or any executive officers as required in this section.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew their Pvolve Development, LLC franchise agreement, franchisees must notify Pvolve Development, LLC between 6 and 12 months before their current term expires. They are required to sign Pvolve Development, LLC's then-current franchise agreement, which may include different terms, fees, and a modified Protected Area. Franchisees must also refurbish their studio to meet current specifications, sign a general release in favor of Pvolve Development, LLC and its affiliates, ensure their Operating Principal and Key Manager complete all updated training, and secure landlord approval to continue operating at the site. Additionally, franchisees must have substantially complied with their current franchise agreement, have no outstanding defaults, and pay a successor fee.
Training & Support Program
Franchisor Assistance
Pvolve Development, LLC provides franchisees with significant support throughout the pre-opening and ongoing operation phases. Before opening, Pvolve Development, LLC designates a site selection area and may require franchisees to use a designated real estate project manager and architect to assist with site selection, lease approval, and studio design and construction plans. Pvolve Development, LLC also approves general contractors. Franchisees receive initial training for their Operating Principal, Key Manager, and lead trainer, as well as instructor training. Pvolve Development, LLC provides electronic access to its operations manuals and specifies initial product and equipment purchases, including the Opening Package. It also offers advice on class schedules and local marketing. After opening, Pvolve Development, LLC reviews advertising materials, manages the Brand Fund, and offers additional consulting services upon request, sharing information about new developments and techniques. It also reviews proposed studio relocations and sets pricing policies when legally permissible.
Initial Training Hours
176
Training Location
Affiliate-owned studios in Chicago, Illinois, West Hollywood, California or New York, New York, or virtually, or at the franchisee's studio.
Ongoing Support
Pvolve Development, LLC provides ongoing support to franchisees including reviewing advertising materials and managing the Brand Fund. It also offers additional consulting services upon request, sharing information about new developments, techniques, and improvements in areas like merchandising, advertising, management, operations, and studio design. This assistance may be provided through various channels such as printed materials, filmed content, an intranet, meetings, seminars, teleconferences, webinars, or in-person for a fee. Pvolve Development, LLC also assists with relocation reviews and sets pricing policies where legally permissible.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Hands-On
Territory Type
Protected
Territory Size Requirements
Pvolve Development, LLC designates a Protected Area for each franchisee, typically encompassing at least 50,000 people. The exact size of this area can vary based on the specific location and local demographics. The boundaries of a Pvolve Development, LLC Protected Area may be defined using zip codes, streets, natural or man-made landmarks, or county lines, or simply outlined on a map.
Staffing Notes
Pvolve Development, LLC requires that each Pvolve studio always has an Operating Principal, a Key Manager, or a trained trainer or receptionist present during business hours. The Operating Principal and Key Manager must be available whenever the studio is open. The Operating Principal must hold at least a 10% ownership interest in the franchisee's entity and be directly involved in the studio's daily operations and management. A Key Manager is also required to oversee day-to-day business, and this role can be filled by the Operating Principal. Both the Operating Principal and Key Manager must successfully complete Pvolve Development, LLC's training programs. Additionally, all instructors must meet specific eligibility criteria outlined in the manuals.