Iron 24 FDD – Franchise Information, Costs and Fees
Type of Business
As a franchisee, you will operate a technology-driven fitness center that offers low-cost gym memberships, with no contracts or sales pitches, providing 24-hour access to a full array of top-quality equipment in one clean, convenient, and welcoming space, under the name “Iron 24.”
Corporate Information
Iron 24 Franchising, LLC is a Texas limited liability company. They were formed on August 19, 2021. Their principal place of business is 2880 Broadway Bend Drive, Building #1, Pearland, Texas 77584. They have offered Iron 24 Centers since April 6, 2022.
Investment
The total investment necessary to begin operation of an Iron 24 franchise is from $91,950 to $288,850. This includes $24,350 to $27,300 that must be paid to the franchisor or their affiliate. The franchisor may offer to enter into an area development agreement to establish and operate a minimum of two Iron 24 franchises at specific locations under individual franchise agreements. The area development fee will be equal to $20,000 for the first location plus $10,000 multiplied by the number of additional Iron 24 locations to be developed under the area development agreement. The area development fee will then be credited toward the franchise fee owed for each Iron 24 franchise developed. Your estimated initial investment will vary based on the number of Iron 24 franchises to be developed.