Impact-X FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor franchises the right to operate Impact-X Performance training facilities with a focus on group personal coaching.
Corporate Information
Journey 333, LLC is a limited liability company that was formed under New York law on February 22, 2018. From February 2018 until the issuance date of this disclosure document, they offered and sold franchises utilizing their former principal trademark, “Journey 333.” As of the issuance date of this disclosure document, they conduct their business under their Company name and under the name “Impact-X Performance.”
Investment
The total investment necessary to begin operation of an Impact-X Performance franchise is $213,200 to $445,500. This includes $50,000 that must be paid to the franchisor or their affiliate.
The franchisor offers qualified individuals the right to own and operate multiple Facilities in a designated development area and pursuant to a development schedule by entering into an Area Development Agreement. The total initial investment necessary to begin operating under the ADA will vary depending on the number of Facilities to be opened in your designated development area. The total investment necessary to enter into an ADA for the right to develop three franchised Facilities is $250,700 to $483,000, which includes the development fee amounting to $87,500 that is paid to the franchisor prior to opening, and the estimated initial investment to begin operation of your initial Facility. The Development Fee due under the ADA is equal to $50,000 for the first Facility to be opened under the ADA, plus one half (50%) of the Initial Franchise Fee (discounted by 25%) for the second and each subsequent Facility to be opened under the ADA. The Development Fee is fully earned and non-refundable upon payment. As you execute Franchise Agreements for each Facility under the ADA, you will receive a credit against the then current Initial Franchisee Fee for the portion of the Development Fee attributable to that specific Facility.