Iron 24

Iron 24 Franchise FDD, Costs & Fees (2025)

Iron 24 is a 24-hour fitness center providing members with flexible access to a wide range of equipment and training options, promoting fitness on your schedule.

Iron 24 is an innovative fitness and recovery franchise founded in 2022 by a team of industry veterans. Headquartered in Houston, Texas, the brand aims to simplify gym ownership and membership through advanced technology and a flexible, low-cost model.

The franchise offers a 24/7 gym experience where membership, access, and support are managed entirely through the Iron 24 mobile app. This tech-enabled approach eliminates the need for full-time staff, reducing overhead costs and allowing franchisees to operate with greater flexibility.

Iron 24's facilities provide a comprehensive fitness experience, including traditional strength equipment, cardio machines, functional training areas, and recovery rooms featuring infrared saunas, cryotherapy, massage beds, and red light therapy. Members can join instantly, access any location 24/7, and manage their membership without long-term contracts or hidden fees.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount Low Range Amount High Range
Franchise Fee $39,000 $39,000
Business Licenses & Incorporation $400 $1,200
Build-out and Permits $60,000 $150,000
Fixtures, Furnishings & Equipment $40,500 $190,000
Computer Equipment and Technology $4,450 $8,550
Signage $12,700 $20,000
Architect / Engineering Fees $3,000 $8,000
Rent, Security Deposits and Utility Deposits $9,000 $15,500
Other Professional Fees $2,000 $3,000
Insurance Deposit $1,750 $2,000
Office Supplies $1,500 $2,000
Training Expenses $1,000 $2,500
Grand Opening Advertising $8,000 $9,000
Additional Funds (for the initial 3 months of operations) $17,750 $30,000
TOTAL ESTIMATED INITIAL INVESTMENT $201,050 $480,750
Type of Expenditure Amount Low Range Amount High Range
Franchise Fee $39,000 $39,000
Business Licenses & Incorporation $400 $1,200
Build-out and Permits $60,000 $150,000
Fixtures, Furnishings & Equipment $40,500 $190,000
Computer Equipment and Technology $4,450 $8,550
Signage $12,700 $20,000
Architect / Engineering Fees $3,000 $8,000
Rent, Security Deposits and Utility Deposits $9,000 $15,500
Other Professional Fees $2,000 $3,000
Insurance Deposit $1,750 $2,000
Office Supplies $1,500 $2,000
Training Expenses $1,000 $2,500
Grand Opening Advertising $8,000 $9,000
Additional Funds (for the initial 3 months of operations) $17,750 $30,000
TOTAL ESTIMATED INITIAL INVESTMENT $201,050 $480,750

Franchise Disclosure Document

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Competitors

Below are some of

Iron 24

key competitors in the

Gyms

sector.

Started franchising
Franchisees

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Franchise fee

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Royalty fee

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Investment

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Revenue (AUV)

?

Gross Profit

?

EBITDA

?

Home-based

?

Passive investment

?

FDD
Iron 24
2022
2
+
n.a.
n.a.
$39,000
7.00%

$201,000

-

$481,000

n.a.

$0

Upgrade

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
Upgrade
Upgrade
2020
0
+
n.a.
n.a.
$50,000
6.00%

$400,000

-

$2,974,000

Upgrade

n.a.

$1,233,000

n.a.

n.a.

Upgrade

27.8%

n.a.

Upgrade
No
Upgrade
No
Yes
Upgrade
Yes
2020
3
+
200%
200%
$50,000
6.00%

$297,000

-

$2,551,000

Upgrade

n.a.

$914,000

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
Upgrade
Upgrade
2024
0
+
n.a.
n.a.
$49,500
4.00%

$474,000

-

$2,790,000

Upgrade

n.a.

$1,303,000

97.4%

n.a.

Upgrade

19.0%

n.a.

Upgrade
Yes
Upgrade
Yes
No
Upgrade
No
2023
0
+
n.a.
n.a.
$39,000
6.00%

$358,000

-

$1,931,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
Upgrade
Upgrade
2017
3
+
200%
200%
$49,500
6.00%

$275,000

-

$798,000

Upgrade

n.a.

$528,000

98.0%

n.a.

Upgrade

n.a.

n.a.

Upgrade
No
Upgrade
No
Yes
Upgrade
Yes
1982
20
+
-39%
-39%
$25,000
$1,250 per month

$790,000

-

$2,765,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
No
Upgrade
No
Yes
Upgrade
Yes

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Priority support

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Training

Iron 24 provides a structured and detailed training program to support its franchisees in successfully operating their fitness centers. The training is composed of several key components:

  1. Initial Training Program
    Franchisees, including the Designated Principal and Manager (if applicable), must attend and complete an initial training program to Iron 24’s satisfaction. This training may be provided in-person, virtually, or in a hybrid format. The franchisor covers the cost of training for up to three individuals, but franchisees are responsible for travel, lodging, and other expenses.
  2. Replacement and Additional Manager Training
    If a Designated Principal or Manager leaves, the franchisee must promptly appoint a qualified replacement to undergo training. Iron 24 may allow franchisees to train replacements directly if they meet the franchisor’s standards; otherwise, the replacement must attend Iron 24’s formal training. The franchisee may incur per diem charges for this additional training.
  3. Supplemental and Remedial Training
    Iron 24 can require or provide additional training if it deems a franchisee needs further support. Franchisees can also request such training, which, if approved, is provided at the franchisee’s expense, including per diem and travel costs.

Territory Protection

Iron 24 grants each franchisee a defined Territory, typically ranging from a 1.5 to 3-mile radius around the franchised location, based on site-specific factors like population and demographics. Within this Territory, the franchisor agrees not to open or authorize another Iron 24 Center, provided the franchisee complies with the franchise agreement.

However, franchisees do not receive exclusive territorial rights and may still face competition from other franchisees or company-owned outlets. Although territorial boundaries are set and not altered during the agreement term, Iron 24 retains broad rights.

It can sell or distribute products through alternative channels such as e-commerce, mobile setups, or retail without using a franchised center, even within the defined Territory. Off-premises services by the franchisee are allowed only within their Territory and require prior written consent for anything beyond that area.

Number of units

2024
Franchised units

0

0

2

Company-owned units

0

0

5

Total units

0

0

7

Competitors

Pure Fitness

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$400,000 - $2,974,000

Los Campeones

Franchisees

?

3
+
200%
200%
Investment

?

$297,000 - $2,551,000

Hydrogen Fitness

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$474,000 - $2,790,000

Lyft 24

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$358,000 - $1,931,000

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