PB Franchising SPV

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources

    Pure Barre franchises operate barre fitness studios offering instructor-led classes and related fitness services. Franchisees develop and operate studio locations under the Pure Barre system.

    Headline figures

    PB Franchising SPV quick facts

    Is PB Franchising SPV a franchise?
    Yes. PB Franchising SPV offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 617 franchised and 0 company-owned outlets (2026 FDD, Item 20, PDF p. 79).
    How much does it cost to open a PB Franchising SPV franchise?
    The PB Franchising SPV Franchise Disclosure Document reports separate estimated initial investments by format: $445,299–$736,465 for total estimated initial investment (2026 FDD, Item 7, PDF p. 29); $314,411–$629,345 for total estimated initial investment low (2025 FDD, Item 7, PDF p. 28); $629,345 for total estimated initial investment high (2025 FDD, Item 7, PDF p. 28). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does PB Franchising SPV charge?
    The disclosed ongoing royalty is 7% (2026 FDD, Item 6, PDF p. 22). The brand or advertising fund contribution is 2% (2026 FDD, Item 6, PDF p. 23). Other recurring fees are listed in Item 6. Details
    Does PB Franchising SPV disclose financial performance (Item 19)?
    Yes. The PB Franchising SPV FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 78). Figures apply only to the locations and period each one covers. Details
    How many PB Franchising SPV locations are there?
    The FDD reports 617 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 79). Existing locations do not indicate territory availability. Details
    Is PB Franchising 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

    1. 1Opening costs are estimated at $445,299 – $736,465 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 33 separate groups: revenue for 606 locations; revenue for 606 locations; memberships for 152 locations; memberships for 152 locations; revenue and memberships for 2 locations; revenue and memberships for 7 locations; revenue for 151 locations; revenue for 152 locations; revenue for 152 locations; revenue for 151 locations; revenue for 151 locations; revenue for 606 locations; memberships for 151 locations; memberships for 152 locations; memberships for 151 locations; memberships for 606 locations; memberships for 151 locations; memberships for 152 locations; memberships for 151 locations; memberships for 606 locations; revenue and memberships for 1 locations; revenue and memberships for 11 locations; revenue and memberships for 11 locations; revenue and memberships for 10 locations; revenue and memberships for 9 locations; revenue and memberships for 7 locations; revenue and memberships for 5 locations; revenue and memberships for 5 locations; revenue and memberships for 3 locations; revenue and memberships for 1 locations; memberships for 606 locations; revenue for 606 locations; revenue for 606 locations. They are not combined.
    3. 3Outlets held steady in 2025, to 617 (Systemwide Pure Barre, as labeled in the FDD, Item 20).

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

    PB Franchising SPV head-to-head

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

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 29

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose; multi-unit packages are listed but not included in the headline range.

    • TOTAL ESTIMATED INITIAL INVESTMENTPDF p. 29$445,299 – $736,465
    • Multi-Unit Agreement (three Studios)Multi-unitPDF p. 32$465,299 – $806,465

    Ongoing Fees — Item 6

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

    RoyaltyMain ongoing fee

    43 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?

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

    606 locations

    Revenue · 606 locations

    Who is counted
    All Qualified Studios in Part D; category: Services.
    Period
    Services
    Excluded
    Qualified Studios exclude Studios operating at Non-Traditional Sites; 11 Studios were excluded because they did not operate for the entire Measurement Period.
    Method
    Historical franchisee-reported data from studio software and/or profit and loss reports

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Systemwide Pure Barre, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 79

    Net −625 outlets, 2022–2025

    01,24220221,84520231,85120246172025+603+6−1,234

    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 2025 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 2026 Item 7 estimate ($445,299 – $736,465) 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 617 to 617 in 2025. 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 (2026 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 29
    2. [2]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in Part D; category: Services. · PDF p. 78
    3. [3]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in Part D; category: Products. · PDF p. 78
    4. [4]Item 19 — Locations counted not stated in the reviewed record — 2nd Quartile of Qualified Studios ranked by Monthly New Memberships. · PDF p. 74
    5. [5]Item 19 — Locations counted not stated in the reviewed record — 3rd Quartile of Qualified Studios ranked by average Monthly Active Members. · PDF p. 73
    6. [6]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 11 after Soft Opening during calendar year 2025. · PDF p. 75
    7. [7]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 6 after Soft Opening during calendar year 2025. · PDF p. 75
    8. [8]Item 19 — Locations counted not stated in the reviewed record — 1st Quartile of Qualified Studios ranked by Gross Revenue during the Measuremen… · PDF p. 72
    9. [9]Item 19 — Locations counted not stated in the reviewed record — 2nd Quartile of Qualified Studios ranked by Gross Revenue during the Measuremen… · PDF p. 72
    10. [10]Item 19 — Locations counted not stated in the reviewed record — 3rd Quartile of Qualified Studios ranked by Gross Revenue during the Measuremen… · PDF p. 72
    11. [11]Item 19 — Locations counted not stated in the reviewed record — 4th Quartile of Qualified Studios ranked by Gross Revenue during the Measuremen… · PDF p. 72
    12. [12]Item 19 — Locations counted not stated in the reviewed record — 4th Quartile of Qualified Studios ranked by Gross Revenue. · PDF p. 72
    13. [13]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in Part A-1, reported as a separate complete-set group. · PDF p. 72
    14. [14]Item 19 — Locations counted not stated in the reviewed record — 1st Quartile of Qualified Studios ranked by average Monthly Active Members. · PDF p. 73
    15. [15]Item 19 — Locations counted not stated in the reviewed record — 2nd Quartile of Qualified Studios ranked by average Monthly Active Members. · PDF p. 73
    16. [16]Item 19 — Locations counted not stated in the reviewed record — 4th Quartile of Qualified Studios ranked by average Monthly Active Members. · PDF p. 73
    17. [17]Item 19 — Locations counted not stated in the reviewed record — All 606 Qualified Studios in the Part A-2 Monthly Active Members disclosure, sh… · PDF p. 73
    18. [18]Item 19 — Locations counted not stated in the reviewed record — 1st Quartile of Qualified Studios ranked by Monthly New Memberships. · PDF p. 74
    19. [19]Item 19 — Locations counted not stated in the reviewed record — 3rd Quartile of Qualified Studios ranked by Monthly New Memberships. · PDF p. 74
    20. [20]Item 19 — Locations counted not stated in the reviewed record — 4th Quartile of Qualified Studios ranked by Monthly New Memberships. · PDF p. 74
    21. [21]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in the Part A-3 Monthly New Memberships disclosure, shown… · PDF p. 74
    22. [22]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 1 after Soft Opening during calendar year 2025. · PDF p. 75
    23. [23]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 2 after Soft Opening during calendar year 2025. · PDF p. 75
    24. [24]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 3 after Soft Opening during calendar year 2025. · PDF p. 75
    25. [25]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 4 after Soft Opening during calendar year 2025. · PDF p. 75
    26. [26]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 5 after Soft Opening during calendar year 2025. · PDF p. 75
    27. [27]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 7 after Soft Opening during calendar year 2025. · PDF p. 75
    28. [28]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 8 after Soft Opening during calendar year 2025. · PDF p. 75
    29. [29]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 9 after Soft Opening during calendar year 2025. · PDF p. 75
    30. [30]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 10 after Soft Opening during calendar year 2025. · PDF p. 75
    31. [31]Item 19 — Locations counted not stated in the reviewed record — New Studios in Month 12 after Soft Opening during calendar year 2025. · PDF p. 75
    32. [32]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in Part C, reported as one 606-Studio group. · PDF p. 77
    33. [33]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in Part D; category: Memberships. · PDF p. 78
    34. [34]Item 19 — Locations counted not stated in the reviewed record — All Qualified Studios in Part D; category: Fees. · PDF p. 78
    35. [35]Outlet counts — Item 20, Table 1 · PDF p. 79

    "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.

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025net income 2025$151,663
    2025total revenue 2025$227,836
    2024total revenue 2024$204,554
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing-$563
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$8,593
    2024member distributionsMore than one value recorded for this year — open the FDD source before comparing-$8,000
    2024net cashMore than one value recorded for this year — open the FDD source before comparing-$8,000
    2024net income 2024$150,109
    2024prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing-$136
    2024deferred costsMore than one value recorded for this year — open the FDD source before comparing$10,904
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$155
    2024advances to member, netMore than one value recorded for this year — open the FDD source before comparing-$140,813

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

    What changed from 2025 to 2026

    • Franchise fee: $50,000 → $60,000
    • System size: 1,851 → 617 units

    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. 54 · 2025 FDD

      Our summary: Reserved rights: other brands, channels, non-traditional sites

      “We and our parents/affiliates reserve the exclusive right to conduct the following activities under the Franchise Agreement and/or Multi-Unit Agreement”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 53 · 2026 FDD

      Our summary: Territory definition: generally area with at least 15,000 people; boundaries may use zip codes, streets, landmarks, county lines, radius or map.

      “Your Designated Territory will generally be an area with a population of at least 15,000 people, as published by the U.S. Census Bureau or other governmental agencies and commercial sources. ... The boundaries of your Designated Territory may be described in terms of zip codes, streets, landmarks (both natural and man-made) or county lines, a radius extending from your Studio, or otherwise delineated on a map.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 54 · 2026 FDD

      Our summary: Minimum Monthly Gross Sales Quota: trailing 12-month average monthly gross sales of $10,000 by first anniversary and $15,000 by second anniversary and each successive anniversary.

      “you must achieve and maintain trailing 12-month average monthly Gross Sales of $10,000 by the 1st anniversary of your Studio’s Soft Opening; and (ii) you must achieve and maintain trailing 12-month average monthly Gross Sales of $15,000 by the 2nd anniversary of your Studio’s Soft Opening and each successive anniversary.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 54 · 2025 FDD

      Our summary: Development Area protection subject to compliance and reserved rights

      “As long as you are in compliance with your Multi-Unit Agreement, we will not operate, or grant a license to a third-party to operate, during the term of your Multi-Unit Agreement, a Studio located within the Development Area, and we will not grant anyone else the right to develop Studios within the Development Area, subject to our reservation of rights below.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 53 · 2025 FDD

      Our summary: Territory limitation: active solicitation outside Designated Territory requires consent

      “you will not be permitted to actively solicit or recruit clients outside your Designated Territory, unless we provide our prior written consent.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 52 · 2025 FDD

      Our summary: Territory protection: limits franchisor third-party Studio within Designated Territory during 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 12 · PDF p. 52 · 2025 FDD

      Our summary: Territory protection: Designated Territory restriction 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 12 · PDF p. 54 · 2025 FDD

      Our summary: Multi-unit development area: protected against other studios/developers while compliant, subject to reserved rights

      “As long as you are in compliance with your Multi-Unit Agreement, we will not operate, or grant a license to a third-party to operate, during the term of your Multi-Unit Agreement, a Studio located within the Development Area, and we will not grant anyone else the right to develop Studios within the Development Area, subject to our reservation of rights below.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 54 · 2025 FDD

      Our summary: Reserved rights

      “We and our parents/affiliates reserve the exclusive right to conduct the following activities under the Franchise Agreement and/or Multi-Unit Agreement”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 157 · 2026 FDD

      Our summary: Net income 2024

      “Net income (loss) $ 151,663 $ 150,109 $ (4,476)”

      Note: The supplied quote was not present on the cited page; left pending for review.

    • Item 21 · PDF p. 157 · 2026 FDD

      Our summary: Net income 2025

      “Net income (loss) $ 151,663 $ 150,109 $ (4,476)”

      Note: The supplied quote was not present on the cited page; left pending for review.

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

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