Independent Club Pilates Franchise Analysis
$984,270 average gross revenue across 849 qualified studios (2024, per the 2025 FDD), a 1.9× top-to-bottom quartile spread (2024, per the 2025 FDD) — and a $17 million FTC settlement against the parent. Both pictures, one resource.
Two Pictures of the Same Franchise
Club Pilates’s story in 2026 is not a contradiction — it is two things happening at once. The FDD describes a healthy, fast-growing system. The parent’s reported results describe a system under pressure. Every page on this vertical holds both in view.
Picture A — 2025 FDD (2024 data)
- 1,029 franchised studios, 161 opened in 2024
- $984,270 average gross revenue (849 qualified studios)
- 1.9× top-to-bottom quartile spread (2024)
- Full quartile data — unusually transparent for a franchise FDD
Picture B — 2026 reported results
- $17M FTC settlement over Franchise Rule violations
- −5% same-store sales, Q2 2026
- −13% revenue decline, Q2 2026
- Parent hired Jefferies in April to explore a sale
Intelligence Pillars
FDD & Financials
Full Item 19 quartile breakdown, fee load analysis at ~12% of gross, and the 1.9× spread that makes Club Pilates less of a lottery than most franchises we cover.
Explore →Studio Setup
$385,048–$839,058 total investment (2025 FDD, Item 7). Reformer equipment, buildout costs, and what the FTC said about time-to-open claims.
Explore →Operations
The instructor-led model, membership economics, class capacity, and what −5% same-store sales in Q2 2026 means for a studio operator.
Explore →Financing
SBA 7(a) at the $385K–$839K level, equity injection requirements, and what an FTC action and a parent sale process mean for lending appetite.
Explore →Market
Club Pilates within the boutique fitness landscape. Head-to-head against F45, Pure Barre, Hotworx. The Xponential portfolio context.
Explore →Owner Experiences
Public reviews, common operational themes, and a due-diligence checklist drawn from the FTC’s own allegations about what went wrong.
Explore →Key Numbers
Featured Analysis
In-depth research on Club Pilates franchise economics, market position and the questions the FTC settlement raises for prospective buyers.
The 1.9x Question: What the Quartile Spread Tells You About Revenue Predictability
Club Pilates’ top-to-bottom quartile spread is 1.9x — compared to 11.2x at Goddard. That tightness is real, but the floor at $686K against a 12% fee load is where the investment thesis gets tested.
The FTC Checklist: 7 Things the $17M Settlement Tells You to Verify
The FTC’s proposed order against Xponential identifies specific categories of alleged misrepresentation. Each one translates into a concrete verification step a buyer can take before signing.
The Two-Picture Franchise: Why 1,029 Studios and −5% Comps Can Both Be True
Unit growth plus declining same-store sales is a textbook saturation pattern. The question is not which picture is right — it is which picture applies to your specific market.
Editorial Independence
Franchise Financing Guide is not affiliated with Club Pilates, Xponential Fitness, or any franchisor or franchise broker. Our analysis is based on the 2025 Franchise Disclosure Document, the FTC’s proposed stipulated order and press release, Xponential’s public SEC filings, and independent data sources. No franchisor reviewed or approved this content before publication.