9ROUND vs ANYTIME FITNESS
Compare FDD disclosures, investment range, royalty and ad fund burden, SBA lending outcomes, Item 20-style unit movement, Item 19 transparency, and data-confidence caveats with a permanent shareable URL.
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9ROUND
Fitness
Investment
$149K to $416K
Franchise fee
$24,900
Item 19 status
Limited Data
Confidence
High Confidence
Units
275
ANYTIME FITNESS
Fitness
Investment
$459K to $908K
Franchise fee
$42,500
Item 19 status
Limited Data
Confidence
High Confidence
Units
2,298
Lower entry cost
Leans left
Based on disclosed minimum initial investment only; buyer cash needs may be higher after working capital, lease, and financing assumptions.
Better disclosed economics
Even
Uses the same Item 19 transparency hierarchy shown on franchise pages and rankings.
Lower SBA default risk
Leans right
Treat low-loan brands carefully; sample size and SBA borrower mix matter.
| Metric | 9ROUND | ANYTIME FITNESS |
|---|---|---|
Franchise Fee From disclosed FDD fee data when available; excludes buyer-specific legal, diligence, and financing costs. | $24,900 | $42,500 |
Min Investment Lower bound of disclosed initial investment range, not a recommended capital budget. | $149K | $459K |
Max Investment Upper end of FDD range; still reconcile to site, lease, buildout, and working-capital assumptions. | $416K | $908K |
Royalty Rate Ongoing royalty burden before local store economics and owner salary. | 6.0% | 3.3% |
Ad Fund Rate National/brand fund rate when disclosed; local marketing may be additive. | 2.0% | 0.0% |
Total Ongoing Burden Royalty plus ad fund when available. | 8.0% | 3.3% |
Median Revenue (Item 19) Only meaningful when the franchisor provides an Item 19 financial-performance representation. | $41K | $408K |
Cash-on-Cash Return Estimated when revenue and margin assumptions are available. | 2.0% | 11.1% |
Payback Period | 49.7 yrs | 9.0 yrs |
Revenue per Dollar Invested | 0.14x | 0.60x |
Franchised Units Latest disclosed franchised-unit count in the corpus. | 275 | 2,298 |
1-Year Net Unit Change Item 20-style system movement signal; investigate transfers, closures, and refranchising before assuming organic growth. | -76 | -8 |
Net Unit Growth Rate | -20.8% | -0.3% |
Net Closure Rate Net closure proxy based on disclosed unit change. | 21.7% | 0.3% |
SBA Default Rate Historical SBA performance for matched loans, not a prediction for a new buyer or location. | 24.5% | 10.0% |
SBA Loan Count Use this to judge whether SBA default data is statistically meaningful. | 118 | 1,058 |
Average SBA Loan Size | $95K | $430K |
Item 19 Status Canonical transparency badge used across franchise, ranking, and compare surfaces. | Limited Data | Limited Data |
Has Item 19 | ✓ Yes | ✓ Yes |
Data Confidence Derived from the same data-quality thresholds used on franchise pages. | High Confidence · 100/100 | High Confidence · 100/100 |
What stands out
- • 9ROUND discloses an initial investment range of $149K to $416K, while ANYTIME FITNESS discloses $459K to $908K. Treat these as FDD ranges, not a full purchase budget.
- • 9ROUND shows an Item 19 financial-performance disclosure; ANYTIME FITNESS shows an Item 19 financial-performance disclosure. Missing Item 19 data should narrow confidence, not automatically kill a brand.
- • 9ROUND has 275 franchised units versus 2,298 for ANYTIME FITNESS; use one-year net unit movement and closure proxies as early diligence signals, not final underwriting.
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Last updated: May 2026