2/10

Franchimp Summary Rating

3 /10
Higher than 77% of peers

Franchise Summary

Description
The franchisee will operate a yoga studio under the name Modo Yoga, followed by the name of the territory in which the franchisee’s yoga studio is located. For example, a yoga studio located in Seattle will operate under the name Modo Yoga Seattle.
Corporate Structure
Modo was formed on September 25, 2012. Our principal business address is 980 Alder Street, Campbell River, British Columbia, V9W 2P9 Canada and our registered office address is 1-105 Rainbow Road, Salt Spring Island, BC V8K 2V5. We do not have any parents or affiliates that are required to be disclosed in this Item. Our agents for service of process are disclosed in Exhibit B to this disclosure document. We franchise the right to operate a yoga studio offering hot yoga classes to the public under the name Modo Yoga (a 'Studio'). We began offering franchises in 2013. Our former affiliate, Moksha Yoga Inc. ('Moksha'), offered licenses for the operation of Moksha Yoga studios in Canada from 2004 to 2018 and in the United States from 2008 to 2012. Moksha's licensed studios in the United States were previously identified by the name 'Moksha Yoga' but, beginning in September 2013, all of these studios were re-branded to Modo Yoga and converted to our Franchise Agreement. We now act as the franchisor for all of Moksha's former licensees. Moksha was an Ontario corporation that was dissolved in October 2018.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Modo Yoga Franchisees

Modo Yoga Franchise System Development in 2021

FAQ

How much investment do I need to start my own Modo Yoga business?
Franchisees typically require at least $358 to $986 investment to get their Modo Yoga business started
What are the initial franchise fees for Modo Yoga?
Franchisees typically need to pay at least $30 in fees directly to Modo Yoga in order to earn the right to launch their business
How much money can I make with a Modo Yoga franchise? What are the average revenues for a typical Modo Yoga business?
We haven’t done the math on how much revenue a typical Modo Yoga brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $2,118,998 revenue, so we would expect Modo Yoga to generate a similar amount
How long do I need to commit to running a Modo Yoga unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

3 /10
The Franchisor's investment costs ranges from $358,900 to $986,000 which is Much Higher than the $0 to $0 average in the Fitness Centers & Gyms industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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