Goldfish Swim School vs F45 Training: Which Is the Better Investment?

Side-by-side comparison of investment costs, fees, unit economics, and franchisee satisfaction. Data from FDD disclosures and franchise database — updated 2026.

Fitness & Health Real Data Not Investment Advice
GS

Goldfish Swim School

Fitness & Health
$1.5M – $3.4M
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VS
FT

F45 Training

Fitness & Health
$300K – $700K
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At a Glance: Key Differences

Data-driven observations based on disclosed figures. Not investment advice — verify current numbers in each franchise's FDD.

Investment Cost
F45 Training wins on investment range ($2.7M less) vs Goldfish Swim School.
Fee Burden
Goldfish Swim School wins on royalty rate (1.0% lower) vs F45 Training.
Unit Count
F45 Training wins on total units (1,530 more) vs Goldfish Swim School.
Satisfaction
Goldfish Swim School wins on franchisee satisfaction vs F45 Training.

Investment & Fees

Metric Goldfish Swim School F45 Training
Min Investment $1.5M $300K
Max Investment $3.4M $700K
Franchise Fee $50K $50K
Royalty Rate 6.0% 7.0%
Ad Fund Rate 2.0% 2.0%

Unit Economics

Metric Goldfish Swim School F45 Training
Avg Unit Revenue $2.2M $550K
Avg Profit Margin N/A N/A

Scale & Growth

Metric Goldfish Swim School F45 Training
Total Units 170 1,700
Annual Growth 18.0% 3.0%
Failure Rate 1.0% 7.0%

Franchisee Performance

Metric Goldfish Swim School F45 Training
Franchisee Satisfaction 86/100 60/100

Track Record

Metric Goldfish Swim School F45 Training
Years in Business 16 11
Years Franchising 13 8

Financial Requirements

Metric Goldfish Swim School F45 Training
Min Net Worth Required $1.5M $500K
Liquid Capital Required $500K $200K

Operations

Metric Goldfish Swim School F45 Training
Avg Employees 40 8
Training Weeks 6 2

Frequently Asked Questions

Is Goldfish Swim School or F45 Training a better franchise investment?

The answer depends on your goals, budget, and market. Goldfish Swim School has 170 total units and a 86/100 franchisee satisfaction score. F45 Training has 1,700 total units and a 60/100 franchisee satisfaction score. Use our ROI Calculator to model both scenarios.

How much does it cost to open a Goldfish Swim School franchise?

Based on data in our database, opening a Goldfish Swim School franchise requires an initial investment of $1.5M – $3.4M. The franchise fee is $50K, with ongoing royalties of 6.0%. Always request the current FDD for exact figures.

How much does it cost to open a F45 Training franchise?

Based on data in our database, opening a F45 Training franchise requires an initial investment of $300K – $700K. The franchise fee is $50K, with ongoing royalties of 7.0%. Always request the current FDD for exact figures.

What is the royalty rate for Goldfish Swim School vs F45 Training?

Goldfish Swim School's royalty rate is 6.0%. F45 Training's royalty rate is 7.0%. That means Goldfish Swim School has the lower ongoing royalty burden.

Which has more locations — Goldfish Swim School or F45 Training?

Goldfish Swim School has 170 total units. F45 Training has 1,700 total units. A larger system can mean more brand recognition, but also more territorial competition.

Is Goldfish Swim School or F45 Training semi-absentee friendly?

Goldfish Swim School is typically run as a owner-operator model. F45 Training is typically run as a semi-absentee model. If passive income is your goal, semi-absentee models let you hire a manager to run day-to-day operations.

Data sourced from franchise disclosure documents and public records. Investment ranges, royalty rates, and unit counts change — always request current FDD before making investment decisions. Last updated March 2026.

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