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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$288K - $553K
- Units as of 2021
13 44.4% over 3 years
Here’s what you need to know if you’re interested in opening a MADabolic franchise.
Created by Brandon Cullen and Kirk Dewaele, MADabolic has a presence in multiple states in the U.S., mainly on the East Coast. MADabolic is focused on providing innovative strength training to their clients, as the founders are said to be frequently developing innovative training methods to apply at MADabolic.
The main priority of MADabolic is the personal improvement of their clients. They monitor each person’s efforts and evaluate their techniques. The MADabolic team uses constructive adjustments to achieve sustainable and long-term results.
MADabolic’s training program is strength-driven, with an interval system between the workouts. In addition, the company is focused on structure, building a one-year plan for each client.
MADabolic began franchising in 2012 and is actively seeking to expand its reach.
Why You May Want To Start a MADabolic Franchise
Considered to be one of the first of its kind with an interval and strength-driven program, opening a MADabolic franchise may be a good idea for people who think outside the box, are into fitness and health, and embrace innovative ideas.
There’s no need to have previous experience in the strength training field to open a MADabolic franchise.
If awarded a franchise, franchisees receive a great deal of support from the MADabolic brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and efficient operating systems. MADabolic franchisees may also receive hands-on training and continued support after opening their franchise location.
What Might Make a MADabolic Franchise a Good Choice?
MADabolic offers an innovative fitness method, which may provide its clients with a combination of planned workouts and a proper nutrition process. MADabolic headquarters, located in Charlotte, North Carolina, may offer franchisees expertise within the fitness industry, education and training, and strong market support.
The health and fitness market has already reached more than $25 billion. Opening a MADabolic franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a MADabolic Franchise
As you decide if opening a MADabolic franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a MADabolic franchise would do well in your community.
To be part of the MADabolic team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Before making any financial commitment or signing an agreement, it is crucial that you perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the MADabolic franchising team questions.
- Franchising Since
- 2012 (10 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada, Mexico
- # of Units
- 13 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a MADabolic franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $287,850 - $553,200
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- MADabolic has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 7 hours
- Classroom Training
- 17 hours
- Ongoing Support
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Are you eager to see what else is out there? Browse more franchises that are similar to MADabolic.
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