Key Investment Facts
[LAST UPDATED: May 12, 2026] · [VERIFIED · FDD]
About F45 Training
F45 Training operates within the boutique fitness segment of the health and wellness industry, focusing on a standardized model of functional 45-minute group training workouts. The business model centers on high-intensity interval training (HIIT) delivered through a circuit-based format, utilizing proprietary technology to guide participants through daily changing routines. Franchisees are responsible for site selection, staff management, and member acquisition, with daily operations revolving around class scheduling and studio maintenance. In the competitive landscape, F45 occupies a mid-to-high price point, competing primarily with other specialized studios by emphasizing efficiency and community-driven results rather than traditional solo gym access.
The total initial investment for an F45 franchise typically ranges from $300,000 to $700,000, which includes a $50,000 initial franchise fee. Ongoing financial obligations include a 7.00% royalty fee on gross revenue and a 2.00% contribution to the brand’s advertising fund. Cost variance is primarily driven by geographic location, local real estate market conditions, and the specific requirements for studio build-outs and equipment procurement. These fees grant the franchisee access to the brand’s proprietary workout database, operational software, and centralized marketing support. The capital requirements reflect the specialized nature of the equipment and the technology-heavy infrastructure necessary to deliver the standardized training programs across the network.
F45 Training presents a specific financial profile for potential investors looking to enter the boutique fitness market. On average, a single unit generates approximately $550,000 in annual revenue. While initial startup costs vary depending on the location and build-out requirements, many franchisees can expect to reach profitability within about 18 months of operation. This timeline and revenue potential make it a competitive option within the health and wellness sector, appealing to those seeking a scalable business model with a defined path toward a return on investment.
The operational structure of an F45 franchise is designed for a semi-absentee involvement model, allowing owners to manage the business effectively without being present for every workout session. New owners undergo two weeks of initial training to master the brand's systems and fitness philosophy before launching their studio. A typical location employs around eight staff members, including trainers and a studio manager who handle the day-to-day responsibilities of class instruction and member engagement. The franchise utilizes a territory structure to ensure market protection and provides robust support systems, including marketing assets and technological platforms, to assist with ongoing growth and member retention.
F45 Training has established a significant global footprint with 1,700 total units over its eleven years in business and eight years of franchising. The system's health is currently characterized by a modest 3.00% net growth rate alongside a 7.00% failure rate, suggesting a period of stabilization following its initial rapid expansion. Franchisee satisfaction currently sits at a moderate 60 out of 100, reflecting some ongoing friction within the network. Since 2023, the brand has been under the ownership of the private equity firm Kennedy Lewis Capital, which acquired the company to steer its corporate restructuring and long-term operational support.
This investment is designed for individuals with a minimum net worth of $500,000 and at least $200,000 in liquid capital. The model suits semi-absentee operators who possess strong management skills and a passion for boutique fitness, making it a viable lifestyle fit for those wanting to balance a primary career with business ownership. While it attracts both first-time and experienced franchisees, the brand requires a heavy focus on community building and local marketing. Prospective owners should be mindful of key risks, including intense competition in the functional training sector and the potential for market saturation in densely populated urban areas.
Training Program: 2 weeks of initial training included.
Tags: functional-training, group, international
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Investment Overview: Is F45 Training Worth It?
Opening a F45 Training franchise requires an initial investment in the range of $300K to $700K. The initial franchise fee is $50K, which grants you access to the brand, training, and operational systems. Ongoing royalty fees are 7.00% of gross revenue. F45 Training operates in the Fitness & Health sector and typically requires semi-absentee ownership.
As of the most recent disclosure, F45 Training has 1,700 total franchise units (1,700 franchised). Recent growth shows 3.00%, which signals steady market presence in the Fitness & Health space. The reported failure rate is 7.00%. New franchisees receive 2 weeks of initial training to prepare for operations.
Franchisee satisfaction for F45 Training is rated 60 out of 100, which is considered moderate relative to other Fitness & Health franchises. When evaluating this score, consider the specific market conditions and support structure that may influence owner experience. We recommend using our AI Financial Model tool to project personalized returns, and reviewing the full FDD analysis before making any investment decision.
Ownership & Private Equity
F45 Training went public in 2021 (NYSE: FXLV) then was taken private by Kennedy Lewis Capital in 2023 after stock decline. F45 has strong international presence in 60+ countries.
⚠️ PE ownership can affect franchise support culture and resale terms. Always review the most recent FDD for ownership disclosures.
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Frequently Asked Questions About F45 Training
How much does it cost to open a F45 Training franchise?
The total initial investment for a F45 Training franchise ranges from $300K to $700K. This includes the franchise fee of $50K, plus buildout, equipment, inventory, and working capital. Ongoing royalty fees are 7.00% of gross revenue. Always request the current Franchise Disclosure Document for exact, up-to-date figures.
Is F45 Training a good franchise to buy in 2026?
F45 Training operates in the Fitness & Health sector with 1,700 total units. Franchisee satisfaction is rated 60/100. Whether it's a good investment depends on your market, capital, and goals. We recommend using our AI Financial Model tool to project personalized returns before making a decision.
Can I run a F45 Training franchise as a semi-absentee owner?
F45 Training typically operates under a semi-absentee model. This means you can hire a general manager to handle day-to-day operations while maintaining other income sources or businesses. Semi-absentee franchises are popular with investors who want passive income.
What is the failure rate for F45 Training franchises?
The reported failure rate for F45 Training is 7.00%. Failure rates vary by market and operator experience. Always review Item 20 of the FDD, which discloses franchisee turnover, transfers, and terminations over the past three years.
How does F45 Training compare to other Fitness & Health franchises?
F45 Training competes with other brands in the Fitness & Health space. Key differentiators include investment level ($300K to $700K), franchisee satisfaction (60/100), and the semi-absentee operating model. Use our franchise comparison tool to see side-by-side data against specific competitors.
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⚠️ [SEEK EXPERT ADVICE] — Data is for educational reference only. Verify all figures with the franchisor's official FDD before making any investment decision. FranchiseStack does not provide investment, legal, or financial advice. Last reviewed 2026-05-12.