From the filings
Fyzical routes technology purchasing through the franchisor: certain Computer System components must come from suppliers the franchisor designates. The 2026 FDD covers 539 centers, 489 of them franchised, under parent Fyzical Acquisition Holdings.
For software vendors selling into US franchise brands.
Live signals
Ongoing fee load
The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.
8%of gross sales (FY2026)
15% reference
Franchisor behaviours
19 requirements the franchisor states in this filing, each in its own words; 1 explicit no; 14 questions the text does not settle, which is not a no.
Accounting
Must the franchisee use an accounting or bookkeeping system designated or approved by the franchisor?
YesItem 11
You agree to obtain and maintain, at your expense, the computer hardware and software that we designate in the Manuals (the “Computer System”).
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesItem 11
You must facilitate our independent access to certain 25 FYZICAL, LLC (Unit Program) 2026 Franchise Disclosure Document 1413.003.009/452470 data periodically designated by us that is stored on or processed via the Computer System.
How the franchisor buys
Is the franchisor or an affiliate itself a supplier of required products, services or systems?
YesItem 8
Our affiliate, The Provider Connection, LLC, received revenue in 2025 in the amount of $2,184,004 for medical billing services provided to FYZICAL® Centers operated by our franchisees.
Is there a franchisee advisory council, association or committee?
YesItem 11
We currently have a Franchisee Advisory Council (the “FAC”).
How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?
542470Item 8
In 2025, we received $542,470 as revenue from our recommended suppliers based on franchisee purchases, which represents 2.7% of our total revenue ($20,322,245) in 2025.
Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?
YesItem 8
In 2025, we received $542,470 as revenue from our recommended suppliers based on franchisee purchases, which represents 2.7% of our total revenue ($20,322,245) in 2025.
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
40Item 8
We estimate that required purchases according to our standards and specifications currently represent 40% to 50% of your total purchases in establishing your Center, and 40% to 50% of your overall purchases in operating the Center.
Can a franchisee propose a new supplier for the franchisor's approval?
YesItem 8
If you want us to approve a new supplier, product or service that you propose, you agree to submit to us sufficient written information about the proposed new supplier, product or service to enable us to approve or reject either the supplier or the particular item or service.
Franchise management
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesItem 9
s. Inspections and audits Franchise Agreement Section 16 Items 6 & 11
Can the franchisor change the operations manual and brand standards unilaterally?
YesItem 11
We may modify the Manuals at any time, but the modification(s) will not alter your status or fundamental rights under the Franchise Agreement.
Must the franchisor approve the franchisee's site or location before opening?
YesItem 12
Each Franchise Agreement grants you the right to operate a single FYZICAL® Center at a single location that will be approved by us (the “Approved Location”) within the Search Area and conform to our minimum site selection criteria
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesItem 11
At this time, for brand uniformity we do not allow our franchisees to maintain their websites, domain names, social media accounts, location-based listings, and/or other online, digital, or virtual presence (collectively, “Digital Presences”) related to their Centers.
Is a minimum grand opening advertising spend required?
YesItem 11
You will pay us an amount (to be set forth on Attachment “J” of your Franchise Agreement) to be used for the grand opening marketing and public relations programs and materials that we deem necessary
Must the franchisee participate in a regional advertising cooperative when one exists?
YesItem 11
If an association of franchise owners is established in a geographic area in which your Center is located (the “Co-op”), you must join and actively participate in it.
Operations
Must the franchisee buy products from a designated distributor?
YesItem 8
Currently, we require our franchisees to purchase the following goods from our designated suppliers and vendors: certain components of the Computer System, therapy equipment and supplies, branded merchandise and apparel, and printed marketing and promotional materials.
Must equipment be purchased from designated or approved suppliers?
YesItem 8
Currently, we require our franchisees to purchase the following goods from our designated suppliers and vendors: certain components of the Computer System, therapy equipment and supplies, branded merchandise and apparel, and printed marketing and promotional materials.
People
Does the franchisor require minimum staffing levels or specific roles?
YesItem 15
If you (or your Operating Principal) will not be actively supervising and managing your Center or if you (or your Operating Principal) do not qualify as a Licensed Professional, then you agree to recruit and hire a “Clinical Director”.
Point of sale
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 11
You must facilitate our independent access to certain 25 FYZICAL, LLC (Unit Program) 2026 Franchise Disclosure Document 1413.003.009/452470 data periodically designated by us that is stored on or processed via the Computer System.
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 6
If so, you may be required to pay a reasonable fee for each person who attends such training.
539 Fyzical centers run under the 2026 FDD — 489 franchised and 50 company-owned — inside the health services segment, under parent Fyzical Acquisition Holdings. Texas carries the largest concentration at 33 locations, followed by Florida (21) and Georgia (19), among 237 mapped operators, all single-unit. Franchised outlets fell 6.5% year over year. Item 19 sets a $522,212 average gross revenue figure for 286 franchisee-owned centers that operated throughout 2025 and reported their Gross Revenues.
Item 8 requires franchisees to purchase or lease all products, supplies, and equipment specified in the franchisor's Manuals — including computer hardware and software — and the franchisor currently designates suppliers and vendors for certain Computer System components, along with therapy equipment and supplies, branded merchandise, and printed marketing materials. That purchasing decision sits with the franchisor. CEO Wayne Cavanaugh and CFO Louis San Miguel head the Item 2 officer roster, alongside COO Mairi Trimboli, President of Clinical Operations Craig O'Neil, and Chief Clinical Officer Dr. Eric Douglass.
Item 11 sets Fyzical's technology requirements in detail, including approved scheduling, EMR, and billing software, accounting software, and Microsoft Office (including Word and Excel), and Item 6 requires participation in the FYZICAL Business Intelligence Program, which lets the franchisor's preferred EMR partners share data with it. What Item 8's own words already establish is that certain Computer System components must come from the franchisor's designated suppliers.
Beyond the Computer System components, franchisees must buy medical billing services from affiliate The Provider Connection, LLC for the longer of the first two years of operation or until Gross Revenue reaches a set threshold. The royalty is 6% of sales on a 10-year initial term. Item 17 renewal means signing the then-current Franchise Agreement — which may carry materially different terms — plus meeting other renewal conditions.
The viewer below holds the complete 2026 Fyzical FDD. Item 11 has the technology specification language, Item 8 the supplier rules, and Item 20 the 539-center count and its state breakdown. Talk to FranCloud for a ranked list of franchise systems like this one, sized and scored for software fit.
Questions vendors ask
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FDD alert
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Operator footprint
237 operators run 237 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Top states by locations
| TX | 33 |
|---|---|
| FL | 21 |
| GA | 19 |
| NJ | 15 |
| NC | 12 |
Ownership
unknown of fyzical acquisition holdings.
Related Health services brands
Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.