Madabolic Franchise Costs, Fees & Owner Salary (2023)

INVESTMENT

$328,000

-

$616,000

LOCATIONS

24

Tanya

Updated

May 2, 2024

Is

MADabolic

a franchise?

Yes,
MADabolic
currently
accepts
franchise
applications

Headquartered in Charlotte, North Carolina, MADabolic is a health and wellness franchise focused on providing innovative strength training to its clients. Its studios offer strength-driven training programs with an interval system between the workouts.

The franchise was created in 2011 by Brandon Cullen and Kirk Dewaele who still lead the corporate team and are constantly innovating and developing industry-leading training programs.

Through its growth, MADabolic has developed its concept in alignment with member techniques and efforts while motivating and provoking long-term, sustainable results among them.

The chain maintains the priority of fostering personal improvement for individual everyday members and elite professional athletes and has over the years strived to improve its workout facilities to stand out in the fitness market and offer a unique fitness experience to its franchisees and members.

Franchising since 2013, MADabolic had by 2022 opened over 20 franchises in the US. 

How many

MADabolic

franchises

are there?

In 2022, there were
24
outlets in
the United
States, of which
24
are franchises, and
0
are corporate-owned.

What are the

MADabolic

franchise

fees?

Advertising fee

1.5% to 3%

Initial Franchise Fee

You will pay a nonrefundable $35,000 franchise fee for your franchise. If you purchase additional franchises from Madabolic, they offer a discount on the initial franchise fee for your 2nd Madabolic business by $10,000 and discount your initial franchise fee for your 3rd and subsequent Madabolic businesses by $15,000. The entire initial franchise fee is payable in full at the time you sign the Franchise Agreement.

Royalty Fee

Unfortunately, the exact percentage and amount for the royalty fee were not provided in the extracted information. Additional details might be available in other sections of the Franchise Disclosure Document.

Marketing Fee

In addition to contributions to the brand and system development fund, you must spend at least $17,000 on your grand opening marketing activities (which begins 2 months prior to opening and ends 3 months after opening) and $1,000 per month on local advertising for the remainder of the term (your "Local Marketing Commitment").

Madabolic may also establish regional advertising cooperatives for purposes of pooling advertising funds to be used in discrete regions. The amount of the cooperative advertising fee may be adjusted (or temporarily suspended) upon the majority vote of all franchisees within the advertising cooperative.

Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.

How much does

it cost

to start a

MADabolic

franchise?

It costs between
$328,000
and
$616,000
to start a
MADabolic
franchise.
Type of Expenditure Amount
Initial Franchise Fee $45,000
Food, Lodging & Travel (5 to 7 people while training) $5,200 to $7,200
Lease Deposit & 3 Months’ Rent $28,000 to $72,000
Build Out & Improvements $20,000 to $150,000
Signage $17,500 to $28,500
Flooring and Tiling $16,000 to $18,500
Lighting and Fan $13,000 to $18,000
Furniture & Fixtures $14,800 to $24,000
Fitness Equipment Package $87,450 to $99,850
Computer and POS system $3,500 to $5,400
Security, sound and telephone system $2,000 to $4,000
Inventory and Other Furniture and Fixtures $7,000 to $11,500
Equipment Delivery & Set Up $11,000 to $15,000
Other Equipment $8,400 to $11,000
Grand Opening Advertising $17,000
Utility Deposits $250 to $1,000
Business Licenses $1,000 to $2,000
Professional Fees $10,000 to $25,000
Insurance (3 months’ premium) $600 to $900
Staffing Prior to Opening $5,000 to $18,000
Additional Funds (3 month period after opening) $15,000 to $42,000
Total Estimated Initial Investment $327,700 to $615,850

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Does

MADabolic

provide

training

to its

franchisees?

Yes,
MADabolic
provides
training

Initial Training Program

The initial training program is mandatory for franchisees and their employees. It covers a range of topics essential for operating a Madabolic franchise. Franchisees are responsible for all expenses and costs incurred by their trainees for training, including wages, travel, and living expenses. If a franchise is transferred, the new franchisee may be charged the then-current initial training fee for each of the transferee’s owners and employees that attend the initial training program

Additional Training or Assistance

Upon request, Madabolic provides additional training or assistance either at their headquarters or at the franchisee's facility. This training may address various issues, including customer service, utilization of approved training programs, workouts and exercises, safety, sanitation, cleanliness, and inventory rotation.

Mystery Shopper or Quality Assurance Program

Madabolic may implement a mystery shopper or quality assurance program to ensure the quality and standards of the franchise. Franchisees may be invoiced directly by the mystery shopper or quality assurance firm for the services rendered. Alternatively, Madabolic may be invoiced, in which case all franchisees must pay their proportional share of the total fee.

Does

MADabolic

provides

territory

protection?

The franchise does provide certain territorial protections.

Can a

MADabolic

franchise

be run as

a passive

investment?

It does not seem feasible to run the Madabolic franchise as a passive investment.

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