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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.
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Franchise Costs
7% of Gross Sales (or $2,500/mo minimum) royalty + up to 2% of Gross Sales (or $200/mo minimum) brand fund + $2,500/mo marketing fee + $500/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 676 franchised F45 Studios that were open and operating for at least 12 months as of February 28, 2026.
* Average gross revenue and median gross revenue were extracted directly from the 'Total' row of 'Table 1 – Annual Gross Sales of Franchised Studios for 12 Months Ended February 28, 2026'. The revenue_top_quartile was taken from the 'Average Annual Gross Sales' of the 'Top third' segment, and revenue_bottom_quartile from the 'Average Annual Gross Sales' of the 'Bottom third' segment of the same table. No profit or expense data was provided in Item 19 for calculating gross profit, net income, net profit, EBITDA, or profit ranges, as confirmed by Note 12 which states that the data does not reflect costs of sales, operating expenses, or other costs/expenses.
Extracted Item 19 Section
Avg. Revenue: $480,832
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How F45 Training Compares
Key Insights
- Top 10 largest franchise system in Fitness Studios
- Lower than average SBA loan default rate in Fitness Studios
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
F45 Training Current | $362K – $858K | $60K | 7.0% | 706 |
| Planet Fitness | $1.5M – $5.2M | $20K | 7.0% | 2,298 |
| ANYTIME FITNESS | $539K – $905K | $43K | N/A | 2,271 |
| HOTWORX | $289K – $830K | $20K | N/A | 797 |
| Pure Barre | $314K – $629K | $60K | 7.0% | 617 |
| Snap Fitness Club | $431K – $1.1M | $40K | N/A | 484 |
Fitness Studios Average 56 franchises | $424K – $1.0M | $48K | 6.9% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 56 Fitness Studios franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+31 more states
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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.
262 SBA loans on record
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Due Diligence
Litigation (Item 3)
Disputes include termination and fee collection, breach of contract, alleged violations of franchise disclosure acts and deceptive trade practices, and securities law violations.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Frequently Asked Questions
The total initial investment to open a F45 Training franchise ranges from $362,300 to $857,700. This includes a franchise fee of $60,000. Ongoing royalty fees are 7.0% of gross sales.
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