Project Function
Franchise research report · reviewed 2025 disclosure data
Researching Project Function franchise opportunities? Every figure below is cited to the FDD.
Project Function franchises gyms offering monthly memberships and personal training. Locations use gym facilities equipped with proprietary machines and trainers certified in the franchisor’s specialized training courses.
Headline figures
Project Function quick facts
- Is Project Function a franchise?
- Yes. Project Function offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 0 franchised and 3 company-owned outlets (2025 FDD, Item 20, PDF p. 37).
- How much does it cost to open a Project Function franchise?
- The Project Function Franchise Disclosure Document reports separate estimated initial investments by format: $256,750–$337,250 for new opening — total: $256,750–$337,250 (2025 FDD, Item 7, PDF p. 14); $185,805–$242,565 for conversion only (conversion — total: $185,805–$242,565) (2025 FDD, Item 7, PDF p. 15); $337,250 for total — new opening high: $337,250 (2025 FDD, Item 7, PDF p. 14); $256,750 for total — new opening low: $256,750 (2025 FDD, Item 7, PDF p. 14); $242,565 for conversion only (total — conversion high: $242,565) (2025 FDD, Item 7, PDF p. 14). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Project Function charge?
- The disclosed ongoing royalty is 15% (2025 FDD, Item 6, PDF p. 9). The brand or advertising fund contribution is 2% (2025 FDD, Item 6, PDF p. 9). Other recurring fees are listed in Item 6. Details
- Does Project Function disclose financial performance (Item 19)?
- No. The reviewed Project Function FDD states that it does not make a financial performance representation in Item 19. Details
- How many Project Function locations are there?
- The FDD reports 2 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 37). Existing locations do not indicate territory availability. Details
- Is Project Function a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; 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: $256,750 – $337,250 (New opening — Total: $256,750–$337,250); $185,805 – $242,565 (Conversion — Total: $185,805–$242,565); $337,250 (TOTAL — New opening high: $337,250); $256,750 (TOTAL — New opening low: $256,750); $242,565 (TOTAL — Conversion high: $242,565); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
From reviewed FDD figures only. Not a recommendation or projection.
Project Function 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
Range across 5 single-unit formats
2025 FDD · Item 7
Formats disclosed in Item 7 (5)
Each format has its own total. The total depends on the format you choose.
- Conversion — Total: $185,805–$242,565PDF p. 15$185,805 – $242,565
- Conversion high: $242,565PDF p. 14$242,565
- New opening — Total: $256,750–$337,250PDF p. 14$256,750 – $337,250
- New opening low: $256,750PDF p. 14$256,750
- New opening high: $337,250PDF p. 14$337,250
Standard single-unit franchise fee
2025 FDD · Item 5 · PDF p. 11
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty on membership feesMain ongoing fee
120 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?
No financial performance representation in Item 19
The reviewed 2025 FDD for Project Function has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, systemwide, as labeled in the FDD · counts as of 2024 of each year.
2025 FDD · Item 20 · PDF p. 37
Net +3 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 ($185,805 – $337,250) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Project Function reports no financial performance figures in Item 19. What information can you share about unit-level results?
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?
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]Standard initial franchise fee — Item 5 · PDF p. 11
- [2]Outlet counts — Item 20, Table 1 · PDF p. 37
"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 |
|---|---|---|
| 2025 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,000 |
| 2025 | cashMore than one value recorded for this year — open the FDD source before comparing | $5,000 |
| 2025 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $5,000 |
| 2025 | common stockMore than one value recorded for this year — open the FDD source before comparing | $10,000 |
| 2025 | retained earningsMore than one value recorded for this year — open the FDD source before comparing | -$5,000 |
| 2025 | total stockholder's equityMore than one value recorded for this year — open the FDD source before comparing | $5,000 |
| 2025 | total liabilities and stockholder's equityMore than one value recorded for this year — open the FDD source before comparing | $5,000 |
| 2025 | operating expensesMore than one value recorded for this year — open the FDD source before comparing | $5,000 |
| 2025 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,000 |
| 2025 | stock issuanceMore than one value recorded for this year — open the FDD source before comparing | $10,000 |
| 2025 | stockholder's equity at end of periodMore than one value recorded for this year — open the FDD source before comparing | $5,000 |
| 2025 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,000 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.
Head-to-head comparisons
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. 29 · 2025 FDD
Our summary: Territory protection: while compliant, franchisor will not establish other franchised or company-owned Project Function businesses at brick-and-mortar locations within Protected Territory
“During the term of the Franchise Agreement, if you are complying with the provisions of the Franchise Agreement, we will not establish any other franchised or company-owned Project Function ™ businesses at a brick-and-mortar location within the Protected Territory.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 29 · 2025 FDD
Our summary: Protected Territory protection: during compliance, franchisor will not establish another franchised or company-owned Project Function business at a brick-and-mortar location within the Protected Territory; competition and national accounts remain possible
“During the term of the Franchise Agreement, if you are complying with the provisions of the Franchise Agreement, we will not establish any other franchised or company-owned Project Function ™ businesses at a brick-and-mortar location within the Protected Territory. You will not receive an exclusive territory. You may face competition from businesses that we own or from other channels of distribution or competitive brands that we control. We also may provide Services and Products to national accounts located inside and outside of the Protected Territory.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 29 · 2025 FDD
Our summary: Territory protection: while compliant, franchisor will not establish another franchised or company-owned Project Function business at a brick-and-mortar location within Protected Territory
“During the term of the Franchise Agreement, if you are complying with the provisions of the Franchise Agreement, we will not establish any other franchised or company-owned Project Function ™ businesses at a brick-and-mortar location within the Protected Territory.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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