Spenga franchise research

Investment by format

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

Investment sourceFDD p.24 ↗

Franchise fees and ongoing costs

Franchise fee

$49,500 · 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 monthly Net Cash In (NCI) or $1,000/month minimum; due by the 5th of each month; minimum starts at earlier of opening or 13 months after signing

Marketing contribution

0% (basis not captured; see original filing)

Technology fee

$350 to $450 per month (increase capped at 20% per year)

Other fees

SPENGA App $134/month; CRM fee $249/month; POS/payment system $228/month plus tax (also customer review software $150/mo, fitness technology $249/mo, aromatherapy $220/mo, music licensing ~$250/mo, phone integration $99/mo, SEO $169/mo)

Working capital (FDD Item 7)

Additional Funds - 3 Months: $10,000 - $25,000 (both models); covers misc. supplies/equipment, payroll (not owner draw) and other start-up costs for first three months

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.24 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

NCI (net cash in, i.e. gross revenue) by performance tier for 35 franchised studios; affiliate studio NCI with cost/expense breakdown and estimated royalty; also leads, conversion, membership pricing, package, no-show, retail and aggregator revenue

Reporting period

Calendar year 2025 (Jan 1 - Dec 31, 2025)

Sample

44 franchised studios open in 2025 and 1 affiliate studio; NCI tiers (Part IX) based on 35 franchised studios open the full year that met minimum marketing spend (9 excluded)

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.66 ↗

Unit growth: Item 20

Reporting year

2025

Scope

franchised outlets

Starting outlets

49

Year-end outlets

44

Net change

-5

Derivation

ending minus starting outlets

Openings

1

Terminations

0

Non-renewals

0

Other closures

6

Reacquisitions

0

Transfers

3

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.79 ↗

SBA loan history

Loan activity

19 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$541,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

4 loans

Historical charge-off share

13.64%

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

3 / 22

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 Spenga franchise cost?

Traditional model (approx. 3,500-4,000 sq ft): $552,267 to $789,595; Combo model (approx. 3,000-3,500 sq ft): $480,280 to $566,143 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $49,500 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.24 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Spenga owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: NCI (net cash in, i.e. gross revenue) by performance tier for 35 franchised studios; affiliate studio NCI with cost/expense breakdown and estimated royalty; also leads, conversion, membership pricing, package, no-show, retail and aggregator revenue. Sample: 44 franchised studios open in 2025 and 1 affiliate studio; NCI tiers (Part IX) based on 35 franchised studios open the full year that met minimum marketing spend (9 excluded). Period: Calendar year 2025 (Jan 1 - Dec 31, 2025).

Item 19 performance sourceFDD p.66 ↗

What's the SBA charge-off rate for Spenga?

13.64%; numerator / denominator: 3 / 22. 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: $541,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 4 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗