The 2026 Massage Envy FDD moves the Item 7 estimated initial investment range from $719,350–$1,081,000 to $695,870–$1,046,506, and the system contracts from 1,009 to 993 outlets year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $719,350 | $695,870 | −$23,480 (−3.3%) |
| High end of range | $1,081,000 | $1,046,506 | −$34,494 (−3.2%) |
| Full range | $719,350–$1,081,000 | $695,870–$1,046,506 |
The 2026 filing puts the Item 7 estimated initial investment at $695,870–$1,046,506, versus $719,350–$1,081,000 in the 2025 filing. The low end moves by −$23,480 (−3.3%) and the high end moves by −$34,494 (−3.2%).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 1,009 | 993 | −16 (−1.6%) |
Massage Envy reports 993 outlets in the 2026 FDD, versus 1,009 in the 2025 filing (−16 (−1.6%)).
Massage Envy included an Item 19 financial performance representation in both the 2025 and 2026 filings.