Is BFT Franchise SPV a franchise?

Yes. BFT Franchise SPV offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 98 franchised and 0 company-owned outlets (2025 FDD, Item 20, PDF p. 76).

How much does it cost to open a BFT Franchise SPV franchise?

The BFT Franchise SPV Franchise Disclosure Document reports separate estimated initial investments by format: $509,836–$1,204,045 for total estimated initial investment low (2025 FDD, Item 7, PDF p. 29); $1,204,045 for total estimated initial investment high (2025 FDD, Item 7, PDF p. 29). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote.

What ongoing fees does BFT Franchise SPV charge?

The disclosed ongoing royalty is 7% (2025 FDD, Item 6, PDF p. 21). The brand or advertising fund contribution is 2% (2025 FDD, Item 6, PDF p. 21). Other recurring fees are listed in Item 6.

Does BFT Franchise SPV disclose financial performance (Item 19)?

Yes. The BFT Franchise SPV FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 68). Figures apply only to the locations and period each one covers.

How many BFT Franchise SPV locations are there?

The FDD reports 49 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 76). Existing locations do not indicate territory availability.

Is BFT Franchise SPV a good franchise to buy?

Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

BFT Franchise SPV

Franchise research report · reviewed 2025 disclosure data

Researching BFT Franchise SPV franchise opportunities? Every figure below is cited to the FDD.

Reviewed sources

Body Fit Training franchises operate fitness studios offering group strength and conditioning workouts. Franchisees develop and operate studio locations under the BFT system.

Save Territory check Compare Website

BFT Franchise SPV quick facts

Is BFT Franchise SPV a franchise?: Yes. BFT Franchise SPV offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 98 franchised and 0 company-owned outlets (2025 FDD, Item 20, PDF p. 76).
How much does it cost to open a BFT Franchise SPV franchise?: The BFT Franchise SPV Franchise Disclosure Document reports separate estimated initial investments by format: $509,836–$1,204,045 for total estimated initial investment low (2025 FDD, Item 7, PDF p. 29); $1,204,045 for total estimated initial investment high (2025 FDD, Item 7, PDF p. 29). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
What ongoing fees does BFT Franchise SPV charge?: The disclosed ongoing royalty is 7% (2025 FDD, Item 6, PDF p. 21). The brand or advertising fund contribution is 2% (2025 FDD, Item 6, PDF p. 21). Other recurring fees are listed in Item 6. Details
Does BFT Franchise SPV disclose financial performance (Item 19)?: Yes. The BFT Franchise SPV FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 68). Figures apply only to the locations and period each one covers. Details
How many BFT Franchise SPV locations are there?: The FDD reports 49 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 76). Existing locations do not indicate territory availability. Details
Is BFT Franchise SPV a good franchise to buy?: Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

From reviewed FDD figures only. Not a recommendation or projection.

What the disclosures show

1The 2025 FDD (Item 7) estimates opening costs separately by format: $509,836 – $1,204,045 (Total estimated initial investment low); $1,204,045 (Total estimated initial investment high); several initial fee options apply.
2Item 19 covers 31 separate groups: other measures for 7 locations; other measures for 7 locations; other measures for 29 locations; other measures for 7 studios; other measures for 7 studios; memberships and revenue for 29 locations; memberships for 21 locations; revenue and other measures and memberships for 20 locations; revenue and other measures and memberships for 19 locations; other measures and revenue and memberships for 13 locations; revenue and memberships and other measures for 9 locations; revenue and memberships and other measures for 7 locations; revenue and memberships for 6 locations; memberships for 3 locations; revenue and memberships for 3 locations; other measures for 8 locations; other measures and revenue for 21 locations; other measures for 8 locations; other measures for 7 locations; other measures for 7 locations; other measures for 8 locations; other measures for 29 locations; other measures for 8 locations; other measures for 29 locations; revenue and memberships for 21 locations; memberships for 20 locations; other measures and revenue and memberships for 12 locations; memberships for 7 locations; other measures and revenue for 6 locations; other measures and revenue and memberships for 3 locations; revenue and other measures for 3 locations. They are not combined.
3Outlets grew by 34 in 2024, to 98 (United States, systemwide, as labeled in the FDD, Item 20).

From reviewed FDD figures only. Not a recommendation or projection.

Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

BFT Franchise SPV head-to-head

Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

BFT Franchise SPVVS

Anytime Fitness

Compare head-to-head

BFT Franchise SPVVSPFplanet fitness

Costs · Items 5–7

What does it cost to open?

Estimated opening costs and the fees payable to the franchisor.

Startup Investment — Item 7

Range across 2 single-unit formats

2025 FDD · Item 7

Formats disclosed in Item 7 (2)

Each format has its own total. The total depends on the format you choose.

Total estimated initial investment lowPDF p. 29$509,836 – $1,204,045
Total estimated initial investment highPDF p. 29$1,204,045

Ongoing Fees — Item 6

Selected recurring charges; payment bases and conditions remain attached to each fee.

RoyaltyMain ongoing fee

80 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

Financial Performance — Item 19

What results are disclosed—and for which locations?

31 separate populations, shown apart. Revenue is not owner income.

7 locations

Other measures · 7 locations

Who is counted: Second quartile of 29 Qualified Studios; U.S. franchise-owned studios open and operated for the full Measurement Period, excluding Non-Traditional Sites.
Period: Average Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

7 locations

Other measures · 7 locations

Who is counted: 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
Period: Average Monthly Active Members (Part A-2)
Excluded: Studios operating at Non-Traditional Sites excluded

29 locations

Other measures · 29 locations

Who is counted: 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
Period: number meeting/exceeding average Monthly Active Members (Part A-2)
Excluded: Studios operating at Non-Traditional Sites excluded

7 locations

Other measures · 7 locations

Who is counted: 3rd Quartile of Qualified Studios (7 Studios); franchise-owned U.S. studios
Period: Average Monthly New Memberships (Part A-3)
Excluded: Qualified Studios exclude Studios that operated at Non-Traditional Sites.

7 locations

Other measures · 7 locations

Who is counted: 3rd Quartile of 29 Qualified Studios (7 Studios), U.S. franchise-owned
Period: Median Monthly New Memberships (Part A-3)
Excluded: Qualified Studios do not include Studios that operated at Non-Traditional Sites.

29 locations

Memberships and revenue · 29 locations

Who is counted: 29 Qualified Studios (U.S. franchise-owned; excludes Non-Traditional Sites)
Excluded: Qualified Studios do not include Studios that operated at Non-Traditional Sites.

21 locations

Memberships · 21 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 1 after Soft Opening in calendar 2024
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

20 locations

Revenue, memberships and other measures · 20 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 2 after Soft Opening in calendar 2024
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

19 locations

Revenue, memberships and other measures · 19 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 3
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

13 locations

Revenue, memberships and other measures · 13 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 4
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

9 locations

Revenue, memberships and other measures · 9 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 6
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

7 locations

Revenue, memberships and other measures · 7 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 7
Period: percentage of New Studios meeting/exceeding average, Month 7 (Part B)
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

6 locations

Revenue and memberships · 6 locations

Who is counted: New Studios owned and operated by franchisees that conducted a Soft Opening in calendar year 2024; Month 8 after Soft Opening.
Period: percentage of New Studios meeting/exceeding average, Month 8 (Part B)
Excluded: Studios at Non-Traditional Sites are excluded; Month 11 and Month 12 have no new studios reported in the chart.

3 locations

Memberships · 3 locations

Who is counted: New Studios owned and operated by franchisees that conducted their Soft Opening in calendar year 2024, Month 9; Non-Traditional Sites excluded
Period: number of New Studios meeting/exceeding average, Month 9 (Part B)
Excluded: New Studios at Non-Traditional Sites are excluded.

3 locations

Revenue and memberships · 3 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024, Month 10; Non-Traditional Sites excluded
Period: percentage of New Studios meeting/exceeding average, Month 10 (Part B)
Excluded: New Studios at Non-Traditional Sites are excluded.

8 locations

Other measures · 8 locations

Who is counted: 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
Period: Median Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

21 locations

Revenue and other measures · 21 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar 2024; Month 1
Excluded: Non-Traditional Sites excluded

8 locations

Other measures · 8 locations

Who is counted: 4th Quartile of 29 qualified U.S. franchise-owned Studios that were owned and operated for the full Measurement Period (Jan. 1–Dec. 31, 2024)
Period: Minimum Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

7 locations

Other measures · 7 locations

Who is counted: 1st Quartile of 29 qualified U.S. franchise-owned Studios that were owned and operated for the full Measurement Period (Jan. 1–Dec. 31, 2024)
Period: Median Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

7 locations

Other measures · 7 locations

Who is counted: 3rd quartile of 29 Qualified U.S. franchise-owned Studios open and operated for the full Measurement Period (Jan. 1–Dec. 31, 2024), excluding Non-Traditional Sites.
Period: Average Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

8 locations

Other measures · 8 locations

Who is counted: 4th quartile of 29 Qualified U.S. franchise-owned Studios open and operated for the full Measurement Period (Jan. 1–Dec. 31, 2024), excluding Non-Traditional Sites.
Period: Average Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

29 locations

Other measures · 29 locations

Who is counted: All 29 Qualified U.S. franchise-owned Studios open and operated for the full Measurement Period (Jan. 1–Dec. 31, 2024), excluding Non-Traditional Sites.
Period: Average Gross Revenue (Part A-1)
Excluded: Studios operating at Non-Traditional Sites excluded

8 locations

Other measures · 8 locations

Who is counted: 4th Quartile of Qualified Studios (8 of 29 Studios), U.S. franchise-owned
Period: Average Monthly New Memberships (Part A-3)
Excluded: Qualified Studios do not include Studios that operated at Non-Traditional Sites.

29 locations

Other measures · 29 locations

Who is counted: All 29 Qualified Studios, U.S. franchise-owned
Period: Average Monthly New Memberships (Part A-3)
Excluded: Qualified Studios do not include Studios that operated at Non-Traditional Sites.

21 locations

Revenue and memberships · 21 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 1
Period: percentage of New Studios meeting/exceeding average, Month 1 (Part B)
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

20 locations

Memberships · 20 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 2
Period: number of New Studios meeting/exceeding average, Month 2 (Part B)
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

12 locations

Revenue, memberships and other measures · 12 locations

Who is counted: New Studios owned and operated by franchisees that conducted Soft Opening in calendar year 2024; Month 5
Excluded: New Studios do not include Studios that operated at Non-Traditional Sites.

7 locations

Memberships · 7 locations

Who is counted: New Studios owned and operated by franchisees that conducted a Soft Opening in calendar year 2024; Month 7 after Soft Opening. Non-Traditional Sites are excluded.
Excluded: Studios at Non-Traditional Sites are excluded; Month 11 and Month 12 have no new studios reported in the chart.

6 locations

Revenue and other measures · 6 locations

Who is counted: New Studios owned and operated by franchisees that conducted a Soft Opening in calendar year 2024; Month 8 after Soft Opening. Non-Traditional Sites are excluded.
Excluded: Studios at Non-Traditional Sites are excluded; Month 11 and Month 12 have no new studios reported in the chart.

3 locations

Revenue, memberships and other measures · 3 locations

Who is counted: New Studios owned and operated by franchisees that conducted a Soft Opening in calendar year 2024; Month 9 after Soft Opening.
Excluded: Studios at Non-Traditional Sites are excluded.

3 locations

Revenue and other measures · 3 locations

Who is counted: New Studios owned and operated by franchisees that conducted their Soft Opening in calendar year 2024, Month 10; Non-Traditional Sites excluded
Excluded: New Studios at Non-Traditional Sites are excluded.

These groups are never combined.

Outlet Changes — Item 20

How has the outlet count changed?

United States, systemwide, as labeled in the FDD · counts as of December 31, 2024 of each year.

2025 FDD · Item 20 · PDF p. 76

Net +94 outlets, 2022–2024

Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

Questions to investigate

Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

For the franchisor

Which line items in the 2025 Item 7 estimate ($509,836 – $1,204,045) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 64 to 98 in 2024. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?

For current and former owners

How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?

For your advisors

Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

Sources & vintage history

Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

Citations (2025 FDD)

[1]Item 19 — Locations counted not stated in the reviewed record — Second quartile of 29 Qualified Studios; U.S. franchise-owned studios open and… · PDF p. 68
[2]Item 19 — Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites · PDF p. 69; PDF p. 70
[3]Item 19 — Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites · PDF p. 69
[4]Item 19 — Locations counted not stated in the reviewed record — 3rd Quartile of Qualified Studios (7 Studios); franchise-owned U.S. studios · PDF p. 70
[5]Item 19 — Locations counted not stated in the reviewed record — 3rd Quartile of 29 Qualified Studios (7 Studios), U.S. franchise-owned · PDF p. 70
[6]Item 19 — Locations counted not stated in the reviewed record — 29 Qualified Studios (U.S. franchise-owned; excludes Non-Traditional Sites) · PDF p. 73; PDF p. 74
[7]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[8]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[9]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[10]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[11]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[12]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[13]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted a Soft Opening in… · PDF p. 71
[14]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71
[15]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[16]Item 19 — Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites · PDF p. 68; PDF p. 69
[17]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[18]Item 19 — Locations counted not stated in the reviewed record — 4th Quartile of 29 qualified U.S. franchise-owned Studios that were owned and o… · PDF p. 68
[19]Item 19 — Locations counted not stated in the reviewed record — 1st Quartile of 29 qualified U.S. franchise-owned Studios that were owned and o… · PDF p. 68
[20]Item 19 — Locations counted not stated in the reviewed record — 3rd quartile of 29 Qualified U.S. franchise-owned Studios open and operated for… · PDF p. 68
[21]Item 19 — Locations counted not stated in the reviewed record — 4th quartile of 29 Qualified U.S. franchise-owned Studios open and operated for… · PDF p. 68
[22]Item 19 — Locations counted not stated in the reviewed record — All 29 Qualified U.S. franchise-owned Studios open and operated for the full Me… · PDF p. 68
[23]Item 19 — Locations counted not stated in the reviewed record — 4th Quartile of Qualified Studios (8 of 29 Studios), U.S. franchise-owned · PDF p. 70
[24]Item 19 — Locations counted not stated in the reviewed record — All 29 Qualified Studios, U.S. franchise-owned · PDF p. 70
[25]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[26]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[27]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted Soft Opening in ca… · PDF p. 71
[28]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted a Soft Opening in… · PDF p. 71
[29]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted a Soft Opening in… · PDF p. 71
[30]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted a Soft Opening in… · PDF p. 71
[31]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71
[32]Outlet counts — Item 20, Table 1 · PDF p. 76

"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

Territory & operations

These are contract disclosures, not confirmation that any territory is currently available.

Legal & agreement

Franchisor financial statements

Fiscal year	Measure	Reported value
2024	member contributions 2024	$4,930
2024	increase in cash 2024	$593
2024	impairment 2024More than one value recorded for this year — open the FDD source before comparing	$2,485
2024	depreciation/amortization 2024	$6,605
2024	marketing fund expense 2024	$25,714
2024	impairment 2024More than one value recorded for this year — open the FDD source before comparing	$2,485
2024	accounts receivable change 2024	-$5,895
2024	prepaid expenses change 2024	-$136
2024	deferred costs change 2024	$10,904
2024	advances to member net	-$155,034
2024	retained earningsMore than one value recorded for this year — open the FDD source before comparing	$145,633
2024	total member equityMore than one value recorded for this year — open the FDD source before comparing	$39,141

These figures describe the franchisor company, not individual franchise locations.

SBA-backed loans to franchisees

Loading…

Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

At a glance

Business history

Not reviewed

Owner participation

Not reviewed

Territory language

Litigation disclosure

Not reviewed

Bankruptcy disclosure

Not reviewed

Agreement term

Not reviewed

Reader notes on wording

Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

Item 12 · PDF p. 51 · 2025 FDD
Our summary: Territory protection: While compliant, franchisor will not operate or license BFT Studio within the Designated Territory during agreement term, subject to reserved rights.
“As long as you are in compliance with your Franchise Agreement, we will not operate, or grant a license to a third-party to operate, during the term of your Franchise Agreement, a Studio located within the Designated Territory, subject to our reservation of rights below.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Net cash used in/provided by financing activities 2023
“Net cash (used in) provided by financing activities (8,000) 8,000”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Selling, general and administrative expenses — 2024
“Selling, general and administrative expenses 45 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Marketing fund expense — 2024
“Marketing fund expense 25,714 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Selling, general and administrative expenses — 2023
“Selling, general and administrative expenses 45 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Advances to Member, net at December 31, 2023
“Balance at December 31, 2023 51,612 (11,690) (4,476) 35,446”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Total member equity at December 31, 2023
“Balance at December 31, 2023 51,612 (11,690) (4,476) 35,446”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Distribution to Member during 2024
“Distribution to Member (8,000) — — (8,000)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Retained deficit at December 31, 2023
“Balance at December 31, 2023 51,612 (11,690) (4,476) 35,446”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Advances to Member, net during 2024
“Advances to Member, net (Note 7) — (143,344) — (143,344)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Deferred revenue cash flow change, 2023
“Deferred revenue (14,519) (521)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Prepaid expenses cash flow change, 2024
“Prepaid expenses and other current assets (136) —”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Advances to Member cash flow change, 2024
“Advances to Member, net (140,813) —”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Advances to Member, net at December 31, 2024
“Balance at December 31, 2024 $ 48,542 $ (155,034) $ 145,633 $ 39,141”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Franchise revenue — 2024
“Franchise revenue 160,877 521”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Franchise marketing fund revenue — 2024
“Franchise marketing fund revenue 31,888 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Other service revenue — 2023
“Other service revenue 11,789 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Franchise marketing fund revenue — 2023
“Franchise marketing fund revenue 31,888 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Franchise revenue — 2023
“Franchise revenue 160,877 521”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Net income (loss) — 2023
“Net income (loss) 150,109 (4,476 )”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Member contribution at December 31, 2024
“Balance at December 31, 2024 $ 48,542 $ (155,034) $ 145,633 $ 39,141”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Net cash used in/provided by financing activities 2024
“Net cash (used in) provided by financing activities (8,000) 8,000”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Deferred revenue cash flow change, 2024
“Deferred revenue (14,519) (521)”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Other service revenue — 2024
“Other service revenue 11,789 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Retained earnings at December 31, 2024
“Balance at December 31, 2024 $ 48,542 $ (155,034) $ 145,633 $ 39,141”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Member distributions, financing 2024
“Member distributions (8,000) —”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Member contributions at December 31, 2023
“Balance at December 31, 2023 51,612 (11,690) (4,476) 35,446”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Accounts receivable cash flow change, 2024
“Accounts receivable (5,895) —”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Marketing fund expense — 2023
“Marketing fund expense 25,714 0”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 146 · 2025 FDD
Our summary: Net income (loss) — 2024
“Net income (loss) 150,109 (4,476 )”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 146.
Item 21 · PDF p. 147 · 2025 FDD
Our summary: Total member equity at December 31, 2024
“Balance at December 31, 2024 $ 48,542 $ (155,034) $ 145,633 $ 39,141”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 147.
Item 21 · PDF p. 148 · 2025 FDD
Our summary: Other assets cash flow change, 2024
“Other assets (563) —”
Note: The supplied quote could not be matched to a clear year-aligned row on cited PDF page 148.

Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

Compare BFT Franchise SPV with…

BFT Franchise SPV

Headline figures

BFT Franchise SPV quick facts

What the disclosures show

BFT Franchise SPV head-to-head

What does it cost to open?

Startup Investment — Item 7

Formats disclosed in Item 7 (2)

Ongoing Fees — Item 6

What results are disclosed—and for which locations?

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How has the outlet count changed?

Questions to investigate

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Sources & vintage history

Citations (2025 FDD)

Territory & operations

Legal & agreement

Franchisor financial statements

SBA-backed loans to franchisees

Related research

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At a glance

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