ISI Elite Training Franchise Cost, Revenue & Profit 2024

Nowadays, the boutique fitness industry is experiencing a boom, and one such fine opportunity for you is to own the ISI Elite Training franchise.

ISI Elite Training Franchise

According to RunRepeat, the value of the boutique industry in the year 2022 was valued at $22+ billion. By 2025 the industry is projected to reach $25+ billion.

Let’s first understand what are the requirements of the ISI Elite training franchise.


About ISI Elite Training

ISI Elite Training is a boutique fitness that was founded in the year 2013. The sessions of the ISI are led by energetic and certified coaches.

These sessions are fast-paced and allow for burning up to 1000 calories in 50 minutes of athletic-based training (ABT).

ISI Elite Training is founded by Adam Rice( Founder & CEO). It all started when Adam was rejected from playing for NCAA Division 1 baseball due to being overweight. But he wanted to prove his coach wrong, and in just 1 night, he loosed 70 pounds.

And then, years passed by, and Adam decided to help others to become their best and not give up. This resulted in the birth of ISI Elite training.

Adam says,

“ISI stands for Iron Sharpens Iron and is the core of who we are as a brand. Success and progress are typically rooted in being around like-minded people who will hold us accountable and make us better. Additionally, there is no progress without friction, and you can not sharpen iron without friction.”

The Entrepreneur magazine recently named ISI® Elite Training to their prestigious annual “Franchise 500” list of the Top New & Emerging Franchise opportunities.

The ISI Elite training provides:

  • Training sessions for men & women for 50 minutes.
  • Athletic-based training for all fitness levels.

ISI Elite Training Franchise Model

The franchise model of ISI Elite training is as follows:

Cost Or FeesAmount
Franchise OptionYes
Financing Since2019
Total Investment $327,400-$687,000
Franchise Fee$60,000
Royalty7%
Brand Marketing Fees2% of gross sales
Liquidity $200,000
Credit Score680+
Net Worth$300,000

ISI Elite Training Franchise Requirements

To own an ISI Elite training franchise, you’ll need to have a total investment of $327,400-$687,000. ISI Elite Training franchise is based on a fixed-cost model.

The facility also requires a small footprint, typically between 2,400-3,200sq. ft. providing ease in finding real estate.

Amanda Hall, the COO of the company, says-

“The business model benefits from fixed ongoing costs. As you grow, the model remains very simple, and it’s very easy to create layers of leadership within your business to help you scale effectively. The more facilities you open, the more lives you get to impact, and that’s the core of what this business is all about.”

To dive deeper into understanding the cost and other expenses of the franchise, here is a table stating every cost associated with the franchise:

Equipment, Furniture, and Fixtures$60,000$60,000Lump sumAt the signing of the Franchise Agreement.Franchisor See Item 5
A/V Equipment$20,200$30,000As incurredAt Franchisor Training.Approved Supplier(s)
Facility Personnel Compensation: Pre-Opening$55,700$81,000As incurredBefore Opening.Approved Supplier(s)
Real Estate$6,800$20,500As incurredBefore Opening.Third-Party Landlord
Real Estate and Construction Management$15,000$15,000Lump sumAt signing of the Franchise AgreementAffiliate
Leasehold Improvements$68,500$256,500As incurredBefore Opening.Third-Party Providers
Utilities$1,000$3,000As incurredBefore Opening.Third-Party Utility Providers
Signage$13,000$22,500Lump sumBefore Opening.Approved Suppliers
Start-Up Inventory and Uniforms$2,200$4,000Lump sumBefore Opening.Affiliate and Approved Supplier(s)
Grand Opening Marketing$5,000$20,000Upon securing your locationOne month
prior to the Business being open for operation and one month after the Business is open for operation.
Approved Supplier(s) or other Third-Party Suppliers
Travel, Lodging, and Meals for Initial Training Program$20,000$20,000As incurredAs incurredPersonnel of your franchised Facility.
Insurance$2,750$4,500Lump sumAs arrangedThird-Party Provider
At the signing of the Franchise Agreement.$0$3,000As incurredAs arrangedVarious Third-Party Providers of Travel, Lodging and Meals
Training Fee$3,000$3,000Lump sumPrior to attending our Initial Training ProgramUs
Technology Fee (From signing the Franchise Agreement through the third month of operation)$6,750$9,000As incurredAt signing of the Franchise Agreement.Us
Business Licenses, Permits, Certifications, Soft Construction Costs, and other Professional Fees$12,500$20,000As incurredPrior to opening and/or Development (as appropriate)Appropriate Government and/or Comparable Authorities
Additional Funds (3 months)$40,000$50,000As incurredAs arrangedVarious parties, including us (Tech Fees), other Approved Suppliers, LL, Facility personnel, other suppliers, etc.


ISI Elite Training Franchise Profit & Revenue

ISI Elite Training Franchise Profit & Revenue

The company disclosed its franchisee’s profit and revenue for the years 2021 and 2022.

  • 2020 Annual Gross Revenue:  $357,025
  • 2021 Annual Gross Revenue:  $495,876

The major advantage of owning the ISI Elite training franchise is its membership model, which helps you to earn recurring revenue.

The more members you have, the high will the profit earned. ISI Elite training has a proprietor pre-sale process, which helps you to spread awareness about your business in the community and acquire your first members.

Under this program, 12 weeks prior to opening your franchise, you’ll host free workout programs in gathering spots like parks. This will help you build awareness, and you are also allowed to offer discounts to your customers.

“There’s not a lot of businesses out there that can offer a recurring revenue stream on day one,” says Amanda Hall, COO. “The pre-sale process is a 12-week program that we’ve built for you to execute, and it not only helps you recruit members, but it also allows you to open with recurring revenue.”

If we assume a profit margin of 17.5% as per the industry standard, then we can find out that on average, an ISI Elite Training franchise makes estimated $86,778 in profits per year.

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%495876.00
Rent10.31%(51137.21)
Insurance5.16%(25568.61)
Salaries20.63%(102274.42)
Franchise Royalty Fees5.16%(25568.61)
Utilities2.06%(10227.44)
Cost of Goods Sold (COGS)25.78%(127843.03)
Labor (Variable)13.41%(66478.38)
Total (Expenses)82.50%(409097.70)
Net Profit17.50%86778.30

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.


Failure Rate Of ISI Elite Training

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
202014+3
2021413+9
20221321+8

For the Franchised outlets:

  • In 2020, the growth rate was (3)/1×100≈300%
  • In 2021, the growth rate was (9)/4×100≈225%
  • In 2022, the growth rate was (8)/13×100≈61.5%

According to the above-mentioned data, there is no failure rate for franchised outlets as the outlets at the end of the year increased during the span of 3 years.

We can see that the franchised outlets for ISI Elite Training grew from 2020 to 2022, showing a growth rate between 300% and 61.5%.


Payback Period Of ISI Elite Training Franchise

The midpoint investment of ISI Elite Training is $507,200, and the annual profit is $86,778. So, to find out how long it will take to earn back the initial investment:

Payback Period = Midpoint Investment / Yearly Profit = $507,200 / $86,778 = 5.8 years

Based on these figures, it will take approximately 6 years to pay back the initial investment for ISI Elite Training. This time period could be longer or shorter depending on your sales, revenue, and profit figures.


ISI Elite Training Franchise- Financial Assistance

The franchisor brand doesn’t provide any financial assistance to the franchisee.

However, they do have relationships with 3rd party lenders who can help you secure the necessary funds to open the franchise.


ISI Elite Training Franchise- Training & Support

One of the main reasons to own an ISI Elite training franchise is because of their training and support.

Following are the support and training that will be provided by the ISI Elite training:

  1. Real Estate- Sight Selection & Buildout
  2. In-Person Training
  3. How to market
  4. Operation Support
  5. Branding & Advertising
  6. Social Media Management
  7. Project Management and
  8. Technological Support

ISI Elite Training Franchise- Terms & Agreements

The company has a certain eligibility for the franchise opportunity.

Franchisee owners are not required to have prior experience in the fitness industry, as each owner will get extensive training. However, the individual must be a person who wants to make an impact on people and actively manage the business.


ISI Elite Training Franchise- Obligations & Restrictions

To get the training from the franchisor, you’ll have to visit the headquarters in Charlotte, North Carolina, where the training will be provided regarding the business model, including how to hire the right people, how to grow a membership base, how to retain members and other essential things.

Entrepreneurs considering a venture into the fitness center franchise sector might explore options such as F45 Franchise, Orangetheory, Jazzercise Franchise, Workout Anytime Franchise and Elixir Muscle Recovery Franchise.


Conclusion

ISI Elite training franchise is the best option if you are looking for a franchise that has a membership-based business model.

However, before investing in the franchise, you must review all the requirements of the franchise, including initial investment, franchise fee, and royalty.


FAQs

Who Is The Owner Of ISI Elite training?

The founder of the ISI Elite training is Adam Rice. He opened his first facility in 2011 in Myrtle Beach, South Carolina.

What Is The Franchise Fees?

Franchise fees for the ISI Elite training franchise are $60,000 for 1 territory, for 2 territories, it is $100,000, and for 3 territories, it is $135,000.

Why To Choose ISI Elite Training Franchise?

Franchising since 2019 after proving the concept for several years, ISI® has grown swiftly to 70 territories open or in development – and there are no signs of slowing down.

Where is the headquarteres of ISI Elite Training?

The headquarters of ISI Elite Training is located in 725 S Main St, Aynor, South Carolina, 29511, United States.

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