F45 Training
F45 Training franchises the operation of fitness studios offering 45-minute high-intensity functional training (HIIT) workouts that alternate short periods of intense anaerobic exercises with recovery, using specialized equipment and standardized programs. The business model involves franchisees establishing and operating 'F45 Studios' under the franchisor's system standards, marks, and support, including training, equipment specifications, and approved services like at-home workouts. The target market includes fitness enthusiasts seeking efficient, community-oriented group training sessions.
Franchise Costs
7% royalty (greater of 7% Gross Sales or $2,500/mo) + up to 2% brand fund (or $200/mo, whichever higher) + $2,500/mo marketing fee + $500/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 699 franchised F45 Studios open and operating for at least 12 months as of February 28, 2025, for the period of March 1, 2024 through February 28, 2025.
* Average gross revenue is the total average provided in Table 1, which has been verified by calculating a weighted average of segmented data: (233 units × $684,477 + 233 units × $413,131 + 233 units × $265,351) / 699 total units = $454,319.67 ≈ $454,320. Median gross revenue, revenue for top third, and revenue for bottom third are taken directly from Table 1. No profit, net income, net profit, or EBITDA data is available as the document explicitly states that cost of sales, operating expenses, and other costs are not reflected and the franchisor does not have this data for franchisees.
Extracted Item 19 Section
How F45 Training Compares
Key Insights
- #3 largest franchise system in Fitness Studios
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
F45 Training Current | $349K – $786K | $60K | 7.0% | 751 |
| Planet Fitness | $1.5M – $5.2M | $20K | 7.0% | 2,298 |
| ANYTIME FITNESS | $459K – $908K | $43K | N/A | 2,290 |
| Pure Barre | $314K – $629K | $60K | 7.0% | 617 |
| HOTWORX | $259K – $878K | $20K | N/A | 578 |
| Snap Fitness Club | $431K – $1.1M | $40K | N/A | 484 |
Fitness Studios Average 55 franchises | $425K – $1.0M | $47K | 6.9% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+30 more states
SBA Loan History
Historical SBA 7(a) loan data for F45 Training franchisees (2017 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Due Diligence
Litigation (Item 3)
Primarily disputes involving breach of contract, fraudulent inducement, violations of state franchise investment laws, fee and payment obligations, termination threats, and non-compete enforcement.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a F45 Training franchise ranges from $349,200 to $786,100. This includes a franchise fee of $60,000. Ongoing royalty fees are 7.0% of gross sales.
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