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Farrell's Extreme Bodyshaping

Farrell's Extreme Bodyshaping

The total investment to open a Farrell's Extreme Bodyshaping franchise ranges from $40,000 to $40,000. The initial franchise fee is $40,000. Ongoing royalties are 7.5% plus a 1.5% advertising fee.

What is the Farrell's Extreme Bodyshaping franchise?

Farrells Extreme Bodyshaping began with a fitness program designed around measurable physical transformation and sustainable wellness. Lance Farrell, a 6th degree black belt in Taekwondo, developed the concept and launched it in Des Moines, Iowa, in 2001. The program drew from Taekwondo, bodybuilding, and the accountability culture of martial arts. Its first 10 Week Session took place in Des Moines in 2001 and included forty participants. Farrells Extreme Bodyshaping began franchising in 2007, moving from a local operation toward a scalable business model. Its 10 week program combines kickboxing, strength training, nutrition coaching, and a strong community focus. The franchise operates only in the United States and is not actively seeking international franchisees. The broader fitness and wellness market continues to attract consumers seeking structured programs with measurable results. This overview is intended as an independent evaluation for people considering the investment.

The United States fitness and wellness industry has grown alongside greater public awareness of health and preventative wellness. Consumers show interest in personalized instruction, group based training, and programs that provide visible results. Farrells addresses those preferences through its 10 week challenge, which combines kickboxing, strength training, and nutrition coaching. The format also appeals to people who want support from a fitness community rather than a traditional gym membership. Fitness businesses can generate recurring revenue through membership cycles and program renewals, although performance depends on local demand and execution. The sector includes large consolidated chains and specialized boutique studios. Farrells competes in the boutique portion through its defined program and community oriented approach. Increasing disposable income for health related purchases, greater attention to preventive healthcare, and continued interest in group fitness classes create potential demand for structured, high engagement concepts. Farrells has also served more than one type of customer, including people seeking substantial physical transformation and those who value a supportive group setting.

The initial franchise fee is listed as $40,000, while some sources report a fee as high as $59,900. The total initial investment is reported at $151,000 to $349,000. Other detailed sources state $181,900 to $376,500, and an older source lists $115,000 to $369,000 with a cash investment of $50,000. Differences can reflect local real estate, leasehold improvement needs, equipment, furnishings, and other market conditions. Reported cost categories include an Initial Franchise Fee of $40,000 or $59,900, a Training Fee of $15,000, and $27,000 for opening advertising and the first three months of local advertising. Computer Equipment is estimated at $6,000 to $7,500. Grand Opening and Initial Inventory costs are estimated at $3,728 to $4,728. Insurance is listed at $500 to $2,000, Signage at $6,000 to $18,000, and Equipment and Furnishings at $23,100 to $38,250. Prepaid Rent and Security Deposit are estimated at $4,500 to $20,000. Leasehold Improvements or Fit out range from $7,500 to $115,000, depending on the leased space. Utility Deposits are estimated at $1,000 to $2,000. Licenses and Permits, Fictitious Name Registration, Incorporation, and Legal Review are projected at $1,500 to $5,000. Initial Training travel, lodging, and meals are estimated at $200 to $5,000. Additional Funds for initial operating capital are listed at $15,000 to $45,000. The minimum cash requirement is reported as $40,000, with another source indicating $181,900. Working capital is estimated at $10,000 to $35,000. The advertising or national brand fund fee is reported at 6.50%, while another source states 3%. These figures place the concept in the mid tier boutique fitness investment category. The January 2024 merger created corporate backing through FIT Franchise Brands.

Daily operations center on leading structured workouts, checking member form during kickboxing and resistance band exercises, and maintaining the community environment. Franchisees help members stay accountable and build relationships that support retention. The typical staffing level is 2 employees. The model permits semi absentee and passive ownership, so some owners may operate the business while holding another job or meeting another obligation. The business requires a dedicated commercial location and is not home based. New owners receive FXB University, a proprietary two week program held at the corporate location. Training totals 81 hours, including 59 hours of classroom instruction and 22 hours of practical on the job training. The curriculum covers the fundamentals of opening and operating a location. Franchisees also receive operational manuals and marketing materials for ongoing business development and brand consistency. A team of industry experts provides continuing support, along with corporate access and turnkey systems. The January 2024 merger with The MAX Challenge created a combined and expanded corporate staff intended to increase resources for owners in both systems. Historically, Farrells has been concentrated in the Midwest, especially Iowa and Minnesota, with additional expansion into Nebraska and Colorado. New locations are generally considered for high traffic suburban areas, lifestyle centers, and growing residential communities with health conscious residents, active lifestyles, and interest in group fitness or kickboxing. The model favors owner operator participation while allowing semi absentee management.

A buyer may need to request information from the franchisor and speak with existing franchisees during due diligence. One explanation is the system's reported scale of 52 units compared with larger fitness chains that benefit from stronger brand recognition and economies of scale. Unit counts were 43 in 2013, 66 in 2018, 65 in 2019, 55 in 2020, 55 in 2021, and 50 in 2022.

Before the January 2024 merger, Farrells had expanded to over 50 locations across 10 states. Other reports cited 47 locations across 8 states or 52 total United States locations, consisting of 50 open franchises and 2 corporate units. FDD data from 2019 reported 55 franchised locations across 8 states, with 51 in the Midwest. The January 2024 merger with The MAX Challenge from New Jersey formed FIT Franchise Brands. The combined organization was described as serving over 30,000 members across 87 locations in 14 states. Lance Farrell remains involved as President of FIT Franchise Brands. Bryan Klein, founder of The MAX Challenge, serves as CEO of the parent company. Farrells differentiates itself through the 10 week challenge and its combination of kickboxing, strength training, nutrition coaching, and community support. FXB University is intended to create consistent training and operations across the network. The brand also awards $1,000 to the most physically transformed member at each location four times a year. Two national winners receive $10,000 each year. The company has awarded over $5 million in prize money over the past 24 years. At the first Growth Summit hosted by FIT Franchise Brands, Growth Awards went to FXB locations in Bellevue, Nebraska, Grimes, Iowa, and Columbus, Indiana. Lance Farrell received a Legacy Award. Farrell's by the Sea combines fitness with tropical vacations. The merger is intended to provide greater scale, operational efficiencies, and franchisee support.

A suitable franchisee should be comfortable engaging with a local community and interested in fitness coaching. The daily work places weight on member accountability, relationships, and a supportive environment. Specific prior experience or management background is not stated as a strict requirement. Feedback from franchisees and employees highlights the motivating atmosphere, varied workouts, and accountability provided by staff and members. Instructors value helping people reach their goals and checking form during kickboxing and resistance band workouts. The program is described as a strong fit for people who enjoy helping others and encouraging healthy habits. Farrells has its strongest geographic concentration in the Midwest, particularly Iowa and Minnesota. Other target or expansion markets include Nebraska, Illinois, Indiana, Colorado, Wisconsin, and Arizona. Preferred sites include high traffic suburban areas, lifestyle centers, and growing residential communities with health conscious populations, active lifestyle demographics, and interest in group fitness or kickboxing. The time from signing a franchise agreement to the grand opening is not stated. The two week initial training program indicates a structured onboarding process. Although semi absentee and passive ownership are available, active owner involvement may help support community engagement and the brand's operating values.

A buyer considering Farrells Extreme Bodyshaping should review the program, the January 2024 merger, and the reported financial figures through independent due diligence. The 10 week challenge combines kickboxing, strength training, nutrition coaching, and community support, placing the concept within the boutique fitness segment. The merger with The MAX Challenge formed FIT Franchise Brands and brought the two systems together under a parent company described as serving over 30,000 members across 87 locations in 14 states. The reported initial franchise fee is $40,000, and the total initial investment is $151,000 to $349,000. PeerSense provides franchise due diligence information that includes SBA lending history, a Loan Activity Score of 50, identified as Moderate, location maps with Google ratings, FDD financial data, and side by side comparison tools.

Loan Activity Score

50/100

SBA Default Rate

7.1%

Active Lenders

14

According to its Franchise Disclosure Document or public business records, Farrell's Extreme Bodyshaping has 44 locations, all owned by franchisees. Public SBA loan records show 14 lenders made 28 loans to franchisees of Farrell's Extreme Bodyshaping. PeerSense calculates Farrell's Extreme Bodyshaping's score as 50 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document. To correct a figure, email the current FDD and the differing item numbers to info@peersense.com, and this page will be updated.

44 locations

Investment

$40,000 to $40,000

Franchise Fee

$40,000

Total Units

44

44 franchised

Loan Activity Score
High
50
SBA Lending
22
Lender Quality
9
Transparency
11
Reach
5
Momentum
3

Proprietary PeerSense metric

Moderate
Capital Sources
14SBA lenders

Distinct lenders in public SBA records for Farrell's Extreme Bodyshaping

28

Total SBA loans

$200K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Farrell's Extreme Bodyshaping

Loan Activity Score Breakdown

Established (25 to 99 loans)

High Confidence
50out of 100
Moderate
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety22/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence9/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency11/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint5/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

7.1%

vs 10.8% peer avg

SBA Loans

28

Total Volume

$5.6M

Active Lenders

14

2 selective

States

7

vs. SBA Sector Average

+3.7%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (7.1%)
Item 19 financial data disclosed

Data Insights

Key performance metrics for Farrell's Extreme Bodyshaping based on SBA lending data

SBA Default Rate

7.1%

3.7% below peer avg

SBA Loan Volume

28 loans

Across 14 lenders

Lender Diversity

14 lenders

Avg 2.0 loans per lender

Investment Tier

Low cost entry

$40,000 to $40,000 total

Farrell's Extreme Bodyshaping: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2018

6 approvals. The best year on record for Farrell's Extreme Bodyshaping.

Top SBA State

Minnesota

15 SBA financed Farrell's Extreme Bodyshaping locations, the densest operator footprint.

Average Loan Size

$200K

Median $186K. Use as a sizing anchor when modeling your own Farrell's Extreme Bodyshaping unit.

Lender Concentration

42.9%

Concentrated

Share of Farrell's Extreme Bodyshaping approvals captured by the top 3 SBA lenders.

Farrell's Extreme Bodyshaping's SBA lending pipeline peaked in 2018 (6 approvals). The last five fiscal years account for 14% of cumulative volume ($693K approved). Operator density is highest in Minnesota with 15 SBA financed locations. Average funded ticket sits at $200K, with the median at $186K. Lender mix is concentrated: the top three SBA lenders account for 42.9% of approvals. Credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$32K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$414

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Farrell's Extreme Bodyshaping, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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5 FDDs Available for Farrell's Extreme Bodyshaping

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Farrell's Extreme Bodyshaping

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman

This is not a franchise offering and does not constitute financial, investment, or legal advice. Data is sourced from Franchise Disclosure Documents (FDDs), public filings, and third party sources and may contain inaccuracies. The figures reflect the FDD on file for the year shown and may have been superseded or extracted with errors. PeerSense is not a financial advisor, attorney, or accountant. Always consult the brand's current FDD and seek professional guidance from a qualified attorney, accountant, or financial advisor before making any franchise investment decision. See full Terms & Conditions.