Averan Upgrade Labs Opening Package Offer
Averan Advisors gets the books and financial systems for a new Upgrade Labs location ready before opening day, so your first month closes on time. The setup follows Upgrade Labs’ 2026 FDD and your franchise agreement.
The Upgrade Labs opening package
Upgrade Labs’ 2026 FDD puts the cost to open one location at $880,500 to $1,560,500, so getting the finances right from the start matters.
Averan helps Upgrade Labs franchisees get their books and financial systems ready before opening, with a dedicated health and wellness specialist.
- QuickBooks set up for Upgrade Labs’ reporting requirements.
- Build-out spending tracked against Upgrade Labs’ Item 7.
- Loan draw packages prepared for your lender.
- Point of sale, payroll and other systems connected and tested before opening.
Do you have 30 minutes this week? Book a 30-minute call.
Already open with another bookkeeper? See the Upgrade Labs conversion package.
What the Upgrade Labs opening package includes
QuickBooks file
We build a QuickBooks file for your Upgrade Labs location and connect every bank account and card to it.
Reporting format
We set up the chart of accounts so the books produce the monthly report Upgrade Labs asks its owners for.
Analytics package
Each month we compare your results with the figures in Upgrade Labs’ 2026 FDD.
Budget tracker
We turn Upgrade Labs’ Item 7 estimate into your opening budget and record every opening cost against its line.
Loan draw packages
We prepare a file for each loan draw your lender asks for, including SBA loan draws.
Systems connected
We connect the point-of-sale system Upgrade Labs requires, its booking and membership system and your payroll to the books.
Tested before opening
Before your Upgrade Labs location opens, we run one test day of sales and one test payroll through the books.
Handoff to monthly
Your Upgrade Labs royalty, brand fund and report due dates go on one calendar for the monthly close.
Timeline
- 1Kickoff5 business days
We hold a kickoff call and send the list of documents we need.
- 2Setup10 business days
We build the QuickBooks file and connect your accounts.
- 3Build-outEach month
We tag every payment to a line of Upgrade Labs’ Item 7 and prepare each loan draw.
- 4Systems45 days before opening
We test the point of sale, the other systems and payroll.
- 5Opening dayYour opening date
We match each day of sales to the deposits that follow it.
Upgrade Labs figures from the FDD
Upgrade Labs’ 2026 FDD, issued 22 April 2026, makes no financial performance representation in Item 19, so it gives no sales or profit figure. An Upgrade Labs franchise costs $880,500 to $1,560,500 to open, including a $65,000 initial franchise fee. Upgrade Labs charges a royalty of 7.5% of sales and a 2% brand fund contribution.
At the end of the last year that Item 20 reports, Upgrade Labs had 5 franchise agreements signed for locations not yet open.
Send us to start
- Your signed Upgrade Labs franchise agreement.
- Upgrade Labs’ current FDD.
- The Upgrade Labs monthly report format and the software it uses.
- Your entity documents and EIN letter.
- Your lease, contractor bid and loan agreements.
Access we need
- Your payroll processor.
- The point-of-sale system Upgrade Labs requires.
- The booking and membership system.
- The Upgrade Labs reporting portal.
- Your invoice and expense software.
- View access to your bank accounts and credit cards, with no power to move money.
- How you want inventory tracked.
Questions from Upgrade Labs owners
Does Averan Advisors work with Upgrade Labs owners?
Averan Advisors sets up and keeps the books for Upgrade Labs owners, and the Averan franchise library has a breakdown of Upgrade Labs’ 2026 FDD with its fees, cost to open.
How does the Upgrade Labs royalty show up in the books?
The Upgrade Labs royalty is 7.5% of sales, according to Upgrade Labs’ 2026 FDD. We record it on its own line, so each month’s charge can be checked against your sales.
What does it cost to open an Upgrade Labs franchise?
Upgrade Labs’ 2026 FDD estimates in Item 7 that opening one Upgrade Labs location costs $880,500 to $1,560,500. We turn those Item 7 lines into your opening budget and track each payment against them.
What happens after my Upgrade Labs location opens?
Your Upgrade Labs books move to the Monthly Close, which closes each month and sends a profit and loss, a balance sheet and the royalty reconciliation. The QuickBooks file stays yours.
Where to next
Talk to us about your Upgrade Labs opening
Send the short form for the Upgrade Labs opening package, or book a 30-minute call about your Upgrade Labs location and your opening date.
Get the offer → Book a 30-minute call