November 2026
The 12% Waterfall: What Club Pilates’ Fee Load Actually Leaves You After Revenue, and Why the Median Matters More Than the Average
Club Pilates takes ~12% of gross revenue in fees. Build the full waterfall from $969K median revenue to owner cash flow at each FDD quartile — and see where it breaks.
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The Instructor Bottleneck: Why the Reformer Boom’s Supply-Side Constraint Is Your Biggest Club Pilates Operating Risk
Labor is 35% of studio revenue, and every reformer brand is recruiting from the same certified instructor pool. The supply-side risk nobody covers.
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The Change-of-Control Question: What Xponential’s Sale Process Means for the Franchise Agreement You’re About to Sign
Xponential hired Jefferies to explore a sale. What happens to your 10-year franchise agreement if the parent changes hands — and five questions for your attorney.
Read →October 2026
The FTC Checklist: 7 Things the $17 Million Settlement Tells Every Prospective Club Pilates Buyer to Verify
The FTC's $17M settlement with Xponential tells buyers exactly what to verify. A practical checklist built from the specific allegations in the proposed order.
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The 1.9x Question: What Club Pilates’ Quartile Spread Actually Tells You About Revenue Predictability
Club Pilates' Item 19 shows a 1.9x top-to-bottom quartile spread across 849 studios — compared to 11.2x at Goddard. What this means for your investment risk.
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The Two-Picture Franchise: Why 1,029 Studios and −5% Same-Store Sales Can Both Be True at Once
1,029 studios and -5% same-store sales aren't contradictory — they're a saturation pattern. How to determine which picture applies to your specific market.
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