Burn Boot Camp Adds Financing Option for Franchisees
The group fitness franchise has partnered with ApplePie Capital as it scales nationwide
Burn Boot Camp is fueling its nationwide expansion and providing its franchisees with financial options, partnering with ApplePie Capital, a firm specializing in franchise business lending.
The fitness brand made Entrepreneur’s Franchise 500 list earlier this year and recently launched its first national brand campaign as it eyes growth.
Pat Harding, vice president of finance at Burn Boot Camp, said the franchise selected ApplePie Capital for its ability to offer a dedicated lending program that specifically addresses the financial needs of Burn Boot Camp’s franchise partners.
“ApplePie Capital is our preferred financing vendor because their focus is on the long-term success of our franchise partners and helps make access to the capital they need predictable and easy,” Harding said.
The financial firm noted the financial health of the group strength and conditioning franchise, particularly its rapid growth.
Founded in 2012, Burn Boot Camp began franchising in 2015, having grown to over 335 operating locations and 550 territories sold.
“Every year, we look at thousands of Franchise Disclosure Documents (FDDs) to find the brands that are showing the strongest growth and the best track records of unit-level economics,” said Jamie Davis, vice president of business development at ApplePie Capital. “We are very selective and are focused only on franchise brands that have a desire to grow with a strong capital markets partner behind them. Burn Boot Camp definitely fits that mold with a passion for the brand that cuts across the entire organization.”
Burn Bootcamp is projecting 10,000 global units by 2033 as it ramps up its expansion efforts.
The total estimated initial investment for prospective Burn Boot Camp franchisees is $239,225 – $562,979, with an initial franchise fee of $60,000.
