Health & Fitness FDD Analyzed

Spenga

Spenga Holdings LLC

Homer Glen, IL Website FDD: May 16, 2024
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Investment Range

$499,890 - $823,615

Franchise Fee

$49,500

Royalty

7%

Marketing Fee

2%

Total Units

58

Median Revenue

Unit Growth

Last 5 years

2021

57

+17.5%

2022

67

-13.4%

2023

58

Initial Investment Breakdown

CategoryLowHigh
Initial Franchise Fee(1)$49,500$49,500
Lease – Security Deposit(2)$5,425$19,966
Lease Expenses – 3 Months(2)$0$59,898
Leasehold Improvements(2)$314,063$469,656
Fitness Equipment – Initial Payment (lease or financing agreement)(3)$17,600$36,200
+ 17 more categories (apply to see all)
TOTAL INVESTMENT$499,890$823,615

Financial Performance Data

Access detailed revenue metrics, expense breakdowns, and profitability data from the Item 19 Financial Performance Representation.

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Franchisee Contact Directory

81

Connect directly with existing franchise owners to learn about their experience, get real insights, and validate your decision.

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Is Spenga a Good Investment?

Based on the FDD data, here are key factors to consider when evaluating a Spenga franchise opportunity:

Potential Advantages

  • Financial Performance Representation (Item 19) available for review

Considerations

  • Declining unit count may indicate market challenges
  • Litigation history disclosed in FDD (review Item 3 carefully)
  • Higher initial investment requires significant capital

Disclaimer: This analysis is based on publicly available FDD data and should not be considered financial advice. Always consult with a franchise attorney and accountant before making any investment decision.

Frequently Asked Questions About Spenga

How much does a Spenga franchise cost?

The total initial investment for a Spenga franchise ranges from $499,890 to $823,615. This includes the franchise fee, equipment, inventory, real estate, and other startup costs as disclosed in the FDD.

What is the Spenga franchise fee?

The initial franchise fee for Spenga ranges from $49,500 to $49,500.

What are the ongoing fees for a Spenga franchise?

Spenga franchisees pay a 7% royalty fee and a 2% marketing/advertising fee on an ongoing basis.

How many Spenga franchise locations are there?

Spenga currently operates 58 franchise locations. This includes both franchised and company-owned units.

Quick Facts

Litigation Disclosed
Bankruptcy None
Protected Territory Yes
Item 19 (FPR) Available
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  • Download FDD documents

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