Franchise opportunities compared

    The Little Gym vs Water Babies

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Initial investment · Item 7

    The Little Gym

    $420,324 – $722,773

    2026 FDD · Item 7 · PDF p. 25

    Water Babies

    $102,650 – $164,217

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    The Little Gym

    $59,500

    2026 FDD · Item 5 · PDF p. 14

    Water Babies

    $55,000

    2026 FDD · Item 5 · PDF p. 9

    Royalty · Item 6

    The Little Gym

    8% or $2,500/mo min

    2026 FDD · Item 6 · PDF p. 16

    Water Babies

    10%

    2026 FDD · Item 6 · PDF p. 10

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Water Babies discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (The Little Gym: 7, Water Babies: 1). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    The Little Gym

    $420,324 – $722,773
    TOTAL — first Gym
    2026 FDD · Item 7 · PDF p. 25

    Water Babies

    $102,650 – $164,217
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    The Little Gym

    $59,500
    2026 FDD · Item 5 · PDF p. 14

    Water Babies

    $55,000
    2026 FDD · Item 5 · PDF p. 9
    Royalty (Item 6)

    The Little Gym

    8% or $2,500/mo min
    Royalty Fee
    2026 FDD · Item 6 · PDF p. 16

    Water Babies

    10%
    Royalty rate up to $400,000 gross revenue
    2026 FDD · Item 6 · PDF p. 10
    Brand / advertising fund (Item 6)

    The Little Gym

    Not available
    No reviewed brand or advertising fund fee

    Water Babies

    2%
    Brand fund contribution — 2%
    2026 FDD · Item 6 · PDF p. 10

    System scale & health

    Total outlets (Item 20)

    The Little Gym

    256
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 70

    Water Babies

    2
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 49
    Net outlet change (Item 20)

    The Little Gym

    +70
    Calculated: 186 at end of 2023 → 256 at end of 2025

    Water Babies

    +0
    Calculated: 2 at end of 2023 → 2 at end of 2025
    Outlet exits (Item 20)

    The Little Gym

    Not available
    No complete exit records for a year

    Water Babies

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    The Little Gym

    September 1992
    2026 FDD · Item 1 · PDF p. 8

    Water Babies

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    The Little Gym

    1992; originally incorporated June 16, 1992
    2026 FDD · Item 1 · PDF p. 8

    Water Babies

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    The Little Gym
    Franchised (37 locations) — revenue and EBITDA
    $310,507
    mean Gross Sales
    2026 FDD · Item 19 · PDF p. 66
    Franchised (166 outlets) — EBITDA
    $372,316
    mean EBITDA
    2026 FDD · Item 19 · PDF p. 64
    Franchised (5 locations) — EBITDA and revenue
    $842,268
    median Gross Sales
    2026 FDD · Item 19 · PDF p. 67
    +4 more groups in the full report
    Water Babies
    Locations counted not stated in the reviewed record
    $1,989,969
    other Gross revenue 2024
    2026 FDD · Item 19 · PDF p. 47

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    The Little Gym vs Water Babies: common questions

    Which costs less to open, The Little Gym or Water Babies?
    The Little Gym: $420,324 – $722,773 (2026 FDD · Item 7 · PDF p. 25); Water Babies: $102,650 – $164,217 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Water Babies. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do The Little Gym and Water Babies royalties compare?
    The Little Gym: 8% or $2,500/mo min (2026 FDD · Item 6 · PDF p. 16); Water Babies: 10% (2026 FDD · Item 6 · PDF p. 10). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, The Little Gym or Water Babies?
    The Little Gym: 256 (2026 FDD · Item 20 · PDF p. 70); Water Babies: 2 (2026 FDD · Item 20 · PDF p. 49). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do The Little Gym and Water Babies disclose financial performance (Item 19)?
    The Little Gym has reviewed Item 19 figures for 7 location groups; Water Babies has reviewed Item 19 figures for 1 location group. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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