Iron 24 franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.23 ↗

Franchise fees and ongoing costs

Franchise fee

$39,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

7% · Greater of 7% of Net Sales or $500/month minimum, remitted weekly (Monday after close of each week)

Marketing contribution

Not captured

Technology fee

$250/month plus $50/security camera and $100/controlled access point ("Electronic Systems Fee")

Other fees

Not captured

Working capital (FDD Item 7)

$17,750 to $30,000 for the initial 3 months of operations

Fees sourceFDD p.15 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.23 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Aggregate historic gross revenue and active membership subscription data (average, median, min, max, location count) for outlets in operation; no profit/EBITDA metric disclosed

Reporting period

Through March 31, 2024 (based on number of months each outlet was in operation)

Sample

5 corporate-owned outlets and 2 franchised outlets in operation as of December 31, 2023

Reported average

Not captured

Reported median

Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.65 ↗

Unit growth: Item 20

Reporting year

2023

Scope

franchised outlets

Starting outlets

0

Year-end outlets

2

Net change

+2

Derivation

ending minus starting outlets

Openings

7

Terminations

1

Non-renewals

0

Other closures

0

Reacquisitions

0

Transfers

0

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.68 ↗

SBA loan history

Loan activity

8 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$149,500

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

8 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 0

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Iron 24 franchise cost?

standard Iron 24 Center (~3,500 sq ft leased space): $201,050 to $480,750 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $39,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.23 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Iron 24 owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Aggregate historic gross revenue and active membership subscription data (average, median, min, max, location count) for outlets in operation; no profit/EBITDA metric disclosed. Sample: 5 corporate-owned outlets and 2 franchised outlets in operation as of December 31, 2023. Period: Through March 31, 2024 (based on number of months each outlet was in operation).

Item 19 performance sourceFDD p.65 ↗

What's the SBA charge-off rate for Iron 24?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 0. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $149,500; window: FY2023-FY2026 YTD through 2026-06-30; sample: 8 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗