Question 1

How many Upgrade Labs franchise locations are there?

Accepted Answer

Upgrade Labs currently has 7 total units, including 5 franchised locations and 0 company-owned locations.

Question 2

Is the Upgrade Labs franchise system growing or shrinking?

Accepted Answer

Upgrade Labs has experienced positive net growth of +133.3% over the past year, with a 3-year compound annual growth rate (CAGR) of +51.8%.

Question 3

What is the franchise vs. company-owned ratio for Upgrade Labs?

Accepted Answer

Upgrade Labs has a franchise ratio of 71%, meaning 71% of all units are franchisee-owned.

Question 4

How many Upgrade Labs franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Upgrade Labs had 4 units opened and 1 units closed.