FYZICAL® offers physical rehabilitation centers providing therapy programs, balance care, wellness, and pain management. Known for licensed physical therapists and MD affiliates, it operates in the physical therapy and rehabilitation services sector.
The total initial investment to develop a new FYZICAL® center ranges from $175,392 to $481,536 if you are a licensed physical therapist and must pay an initial franchise fee of $49,000. [p.1]
The initial franchise fee varies based on whether you are opening one or multiple centers. For a single center, the fee is $49,000. If opening two centers concurrently, the fees are $49,000 for the first and $35,000 for the second. For three or more centers opened simultaneously, the fees are $49,000 for the first, $35,000 for the second, and $20,000 for each additional center [p.13, p.82]. This fee is non-refundable upon signing of the franchise agreement [p.14].
The ongoing royalty fee begins on the Royalty Commencement Date and is calculated based on monthly financial information provided by the franchisee [p.138]. There is also an obligation to pay a Minimum Guaranteed Royalty Payment if revenues do not meet certain reporting requirements, with any shortfall needing to be paid promptly [p.82]. Advertising costs are expensed as incurred, but the specific advertising fees or amounts are not detailed in these excerpts [p.137; p.34].
The initial franchise agreement term begins on the Effective Date and expires 10 years thereafter [p.71]. You may enter into a maximum of two consecutive successor franchise agreements if you meet the conditions for renewal specified in the agreement, with each subsequent agreement also lasting 10 years [p.71].
The franchisor can refuse to permit a transfer of ownership of the franchise except for good cause, which includes but is not limited to unspecified reasons. To transfer your franchise, you would need to notify the franchisor as indicated in [p.202], and they may agree to enter into a successor franchise agreement if they consent to such a transfer. [p.5]
The franchisor can terminate the agreement if there is a failure by the franchisee to comply with any lawful provision of the franchise agreement and such failure is not cured within a reasonable time frame, which cannot exceed 30 days [p.190]. This isn't specified in the excerpts for other grounds of termination by the franchisor.
This isn't specified in the excerpts. The provided FDD does not detail specific financial requirements for qualifying as a franchisee regarding net worth or liquid capital.
No, you do not receive an exclusive territory. The FDD states that you may face competition from other franchisees, outlets owned by the company, and other competitive brands [p.37]. Additionally, while there is a Protected Area around your center where the company will not operate another FYZICAL® Center, this area is not exclusive or protected against customer solicitation from other centers located outside of it [p.69]. The Search Area for identifying premises is also not an exclusive territory [p.36 and p.73].
The franchisor provides initial training for the franchisee (or its Operating Principal) and its Clinical Director, with an estimated stand-alone cost of $4,000 [p.138]. Additionally, they may offer periodic additional or refresher training programs, though the fee per person is capped at $1,500 [p.31]. The initial franchise fee includes services provided before the business opens, such as required training [p.184]. Qualified veterans can receive a 10% discount on the initial franchise fee [p.14], and the franchisor may modify this program at any time.
This isn't specified in the excerpts. The provided FDD excerpts discuss the number of qualifying company-owned centers as of December 31, 2025, but do not mention any closed or terminated franchised outlets.
The franchisor can provide actual records of an existing outlet if requested by a prospective franchisee [p.47]. However, other than this, the franchisor does not make any financial performance representations and does not authorize its employees or representatives to do so either orally or in writing [p.52].
You are not restricted to selling specific items, but you may have to buy or lease certain items from the franchisor or a limited group of suppliers they designate; these items might be more expensive than those available elsewhere [p.3]. There is no specified limitation on what you can sell beyond operating restrictions that prohibit running a similar business during the term of the franchise [p.3].