From the filings

HQ-led decisions

PROFILE

Health services

PROFILE runs 98 health-services locations out of its South Dakota headquarters — 63 franchised, 35 company-owned — led by a five-person executive team including CEO Nate Malloy. Item 8 already designates all internet marketing and social media as a franchisor-controlled category. Unit count fell 38.2% year over year at a $552,692 average unit volume and 5% royalty.

For software vendors selling into US franchise brands.

Live signals

Total units
98
63 franchised
Unit growth YoY
-38.235%
vs prior filing
AUV
$553K
Item 19, 2021
Royalty
5%
of gross sales
Ad fund
2%
national + local
Initial fee
$50K
per unit
Investment range
$399K–$656K
all-in, Item 7
Procurement
Franchisor controlled
from the filing
Non-compete
2 years
from the filing
Item 19
Claims
from the filing

Ongoing fee load

What the operator pays every month

The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.

7%of gross sales (FY2022)

Ongoing fees: 7% of gross sales (FY2022)Royalty 5%, Ad fund 2%. Total 7% of gross sales. Drawn against a 15% reference scale.

15% reference

Royalty 5%Ad fund 2%

Franchisor behaviours

What the franchisor requires

25 requirements the franchisor states in this filing, each in its own words; 3 explicit no's; 6 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?

Yes

Franchise agreement

You must use our designated bookkeeping and financial software vendor, unless we approve another vendor in advance in writing.

Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?

Yes

Item 11

We may have independent access to the information required in our reports and information generated and stored in your Computer Systems, without limitation.

Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?

Yes

Franchise agreement

You must periodically deliver to us accounting, tax and other information (or copies of documents), as we request, including a monthly financial statement with profit and loss and balance sheet.

How the franchisor buys

Is the franchisor or an affiliate itself a supplier of required products, services or systems?

Yes

Item 8

We or our affiliates are currently the only approved supplier for: • Profile Start-up Kit, which is currently purchased from our affiliate, Profile Products, or its designee(s); • Certain site selection services and site development services; • All customer coaching and plans, including customized “Profile® Plans”; •…

Does the franchisor reserve the right to change designated suppliers or systems at any time?

Yes

Item 8

We may modify our standards and specifications at our discretion, to comply with changes in technology, laws and markets, and for any other reason that we deem appropriate.

How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?

0

Item 8

Based on our audited financial statements, during our last fiscal year (ended December 31,2020), we derived $0 of consideration resulting from purchases or leases of products and services by our franchisees.

Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?

Yes

Item 8

Our suppliers may make payments to us or to our affiliates based on purchases by our franchisees.

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?

70

Item 8

approximately 70-90% of your purchases and leases in operating the Franchised Business.

Does the franchisor charge a fee to evaluate a proposed supplier?

Yes

Item 8

If you want to purchase any product of an unapproved brand, you must notify us, and must pay us a supplier review and testing fee equal to our direct and indirect costs, but at least $2,000.

Can a franchisee propose a new supplier for the franchisor's approval?

Yes

Item 8

You may not purchase from alternative suppliers until the suppliers are approved by us.

Communications

Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?

Yes

Franchise agreement

All telephone, email, Internet domain name, Internet directory, and listings of all kinds for the Franchised Business are our property, and will revert to us on termination or expiration, at our option.

Franchise management

Must the franchisee participate in a customer-satisfaction or net-promoter survey program?

Yes

Franchise agreement

You must participate and cooperate with any customer comment or secret shopper feedback program that we implement in the future.

Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?

Yes

Franchise agreement

We or our agents may have remote or in person, physical or electronic, access to your business and Computer Systems to examine or audit your business, at any reasonable time without notice.

Can the franchisor change the operations manual and brand standards unilaterally?

Yes

Item 11

This manual is confidential and remains our property, and we may modify it at any time.

Must the franchisor approve the franchisee's site or location before opening?

Yes

Franchise agreement

The location must meet our site selection criteria, and we will mutually agree on the final site.

Marketing

Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?

Yes

Item 11

We control all Internet (including mobile and social media) access, marketing, and usage, and you may not advertise on the Internet without our prior consent.

Is a minimum grand opening advertising spend required?

Yes

Item 11

The minimum amount required to be spent is $45,000 for a stand-alone store and $30,000 for an in-facility store.

Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?

Yes

Item 11

You will spend a minimum of 2% of your Gross Revenue each month on marketing and promotion, in such media and such times as we approve.

Operations

Must the franchisee buy products from a designated distributor?

Yes

Item 8

You must purchase certain goods and services from approved or designated sources.

Must equipment be purchased from designated or approved suppliers?

Yes

Item 8

You must purchase certain goods and services from approved or designated sources.

Payments

Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?

Yes

Franchise agreement

You must make all payments to us by the time specified in this Agreement, or if not specified by the time we request, and by any method we specify, including check, cash, certified check, money order, credit or debit card, automatic pre-authorized payment plan, electronic funds transfer, ACH (automated clearing…

People

Must employees wear uniforms specified by the franchisor?

Yes

Franchise agreement

You will provide and will cause your employees to wear any required uniforms or attire.

Point of sale

Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?

Yes

Franchise agreement

You are required to use our point of sale system, and you are required to transact all sales in connection with the operation of the Franchised Business through our point of sale system.

Does the franchisor have independent access to the data in the franchisee's POS or computer system?

Yes

Item 11

We may have independent access to the information required in our reports and information generated and stored in your Computer Systems, without limitation.

Training

Can the franchisor charge the franchisee for additional, refresher or remedial training?

Yes

Item 6

We may charge a reasonable fee for such training (currently up to $1,000 per person) subject to reasonable increase by us, plus travel, food, and accommodations and all other necessary expenses for all your attendees.

The filing answers no to 3 questions
  • Is there a franchisee advisory council, association or committee?Item 11
  • Must the franchisee participate in a customer loyalty or rewards program?Item 8
  • Must the franchisee participate in a regional advertising cooperative when one exists?Item 11

The vendor opportunity at PROFILE PROFILE runs 98 health-services locations out of its South Dakota headquarters — 63 franchised, 35 company-owned — with a $552,692 average unit volume and a 5% royalty. The FDD makes a financial performance representation in Item 19. Unit count fell 38.2% year over year, which makes retention and re-engagement tools as relevant a pitch angle here as new-location tools.

Who controls software purchasing Item 2 names five officers: Chairman Stephen Phillips, CEO Nate Malloy, COO Kevin Betts, VP Andrew Lovrovich, and VP, General Counsel and Secretary Curtis Griner. PROFILE is part of Profile Plan. Item 8 already designates all internet marketing, including social media, and all marketing materials and programs as a franchisor-controlled category — spend that runs through this leadership team, not the shop floor.

Tech named in the FDD, and what is actually required Item 11 of the FDD sets PROFILE's technology and training requirements; read the filing below for the specifics.

Procurement, renewals, and timing Operator data maps 55 operators, 8 of them multi-unit, across roughly 94 located units, concentrated in Minnesota (14), Iowa (9), South Dakota (5), Illinois (4) and Nebraska (4). Item 8 requires the Profile Start-up Kit, site selection and development services, all customer coaching and Profile Plans, all internet marketing and social media, and the full product inventory — meals, shakes, bars, nutrition products, scales, equipment and accessories — to come from the franchisor or its affiliates. Item 17 allows two additional 10-year renewal terms, conditioned on compliance, 180 days' notice, a renewal fee, and a new agreement that may carry materially different terms, including possible non-renewal if the franchisor is withdrawing from the market area.

How to read the PROFILE FDD The 2022 FDD was filed with state franchise regulators. The embedded PDF viewer below covers Item 8's supplier terms, Item 11's technology requirements, Item 17's renewal conditions and Item 19's financial performance representation. Talk to FranCloud for a ranked list of franchise systems that fit your product before you build the pitch.

Questions vendors ask

PROFILE, answered from the filing

PROFILE names five officers in Item 2: Chairman Stephen Phillips, CEO Nate Malloy, COO Kevin Betts, VP Andrew Lovrovich, and VP, General Counsel and Secretary Curtis Griner. Item 8 already designates all internet marketing and social media as a franchisor-controlled purchase, which puts that spend at HQ.
Item 11 of the FDD sets PROFILE's technology requirements — see the filing below for its specifics.
98 locations as of the 2022 FDD — 63 franchised and 35 company-owned — though unit count fell 38.2% year over year. Operator data maps 55 operators, 8 multi-unit, across roughly 94 located units, concentrated in Minnesota (14) and Iowa (9).
Designated suppliers only under Item 8: the Profile Start-up Kit, site selection and development services, all customer coaching and Profile Plans, all internet marketing and social media, and the full product inventory must come from the franchisor or its affiliates. Franchisees may propose a supplier for approval.
The initial term runs 10 years, with two additional 10-year renewal terms if the franchisee gives 180 days' notice, pays a fee, stays free of default, and signs a new agreement with possibly different terms. Given the 38.2% unit decline, near-term vendor conversations likely center on retention over new openings.
The 2022 FDD was filed with state franchise regulators. Use the embedded PDF viewer below to read Items 8, 11, 17 and 19 directly.
Source

Read the filing itself

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PROFILE2022 FDDView only

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The brands you can actually sell into, from the filings.

Operator footprint

Who runs the locations

55 operators run 94 mapped locations. 8 of them are multi-unit. Aggregate counts from the filing; no names.

Operators by units owned

Single-unit47
2–9 units7
25+ units1

Top states by locations

MN14
IA9
SD5
IL4
NE4

Ownership

The portfolio behind PROFILE

unknown of profile plan.

Related Health services brands

Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.