Project Function
Fitness · Gyms
- Active units
- 0
- Royalty
- 15.0%
Franchised, year-end 2024
of weekly Net Sales
About Project Function
Brand Function is a dynamic online store that provides an engaging shopping experience for its customers. Focused on delivering a variety of high-quality products, the brand specializes in unique items that cater to a diverse audience. From fashion and lifestyle goods to cutting-edge gadgets and accessories, Function ensures that each product meets the highest standards of quality and style. The brand embraces a modern approach to retail, utilizing social media platforms such as Facebook, Instagram, and YouTube to connect with customers and showcase their latest offerings. Function is dedicated to making the online shopping process seamless, allowing customers to easily navigate through the store. With a commitment to customer satisfaction and innovative shopping solutions, Function stands as an ideal choice for individuals looking for distinctive products that enhance their everyday lives. Whether you are a trendsetter or a tech enthusiast, Brand Function has something special for everyone.
Key terms
- Franchise fee
$40k
- Conversion Franchise (existing Functional Patterns Licensee)
Initial Franchise Fee $25,000
- Brand fund
2.0% of Net Sales
- Local advertising
2.0% of Net Sales
- Footprint
1,750 – 2,500 sq ft
- Veteran discount
18.8% off franchise fee — Honorably discharged veteran Initial Franchise Fee is $32,500
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2025 filing).
Growth
- Total locations0
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate—
Net unit growth versus prior year
- 3-year unit CAGR—
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$297k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate15.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 1 of 1 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.