F45 Training

Latest FDD: 2026-04-02FitnessHealth & Personal Services
Franchisor
F45 Training Incorporated
Website
https://www.f45training.com
Investment Range
$362,300 - $857,700
F45 Training offers franchising for the establishment and operation of F45 training studios that provide exercise training involving alternating periods of short, intense anaerobic exercise, and provides opportunities for individual and multiple-unit franchises to operate studio locations.
#Exercise Training#Fitness Studios#Anaerobic Exercise
Sector comparison snapshots
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Outlet growth scatter plot
Sector growth and unit size
Outlet growth churn scoreboard
Outlet growth and churn scoreboard by sector
Outlet growth and churn bar chart
Outlet growth and churn by sector
FAQs

Many people start by asking, "Is F45 Training a good franchise?" There is no single answer because it depends on your goals, your local market, and the agreements you are signing.

Start by zooming out. Evaluate the sector and your local market context: demand drivers, customer acquisition costs, competitive intensity, pricing power, labor constraints, and how similar operators perform outside of franchising. A useful baseline question is whether you would pursue the same business without a franchise.

If the underlying business case still makes sense, then use the rest of this page as a diligence checklist. Review investment assumptions, ongoing fees, revenue disclosures (if any), outlet growth and churn trends, litigation or enforcement disclosures, and contract terms that affect transfer and exit.

Diligence should extend beyond documents. Understand the incentives of each person you speak with. Speak with multiple franchisees (including operators not selected or referred by the franchisor) and talk with other owners in the same industry to understand real-world performance, day-to-day challenges, and local market dynamics.

This page is not an exhaustive diligence review. Use sector benchmarking and additional research to test the brand narrative against market reality, and confirm details with the latest FDD and qualified advisors.

This page summarizes selected franchise disclosure data to support screening and comparison.

The estimated initial investment range is $362,300 - $857,700. It may also highlight fee structures, revenue disclosures when available, outlet growth history, litigation matters, and other diligence considerations.

Franchise Signal is a research and analysis tool. It is not legal, accounting, or financial advice, and it is not a complete representation of all franchise disclosures. Not every item is captured, some brands do not disclose certain information, and data can contain errors.

For a framework on how to read Franchise Disclosure Documents, including item-by-item explanations and diligence questions to discuss with counsel and advisors, see the Franchise Signal FDD Guide.

Before making any decision, read the full FDD, validate assumptions with franchisees and local operators, and consider independent market research.

Franchise brands operate inside broader market categories (for example: home services, maintenance, retail, QSR, fitness). Comparing a brand in isolation can be misleading because sector economics often drive outcomes.

Use the sector comparison snapshots and the Analytics Dashboard to benchmark F45 Training against similar systems: outlet growth and contraction, churn patterns, unit size and density, and growth projections. The goal is to understand whether the brand's trajectory looks typical for its sector, or whether it is diverging in a way that warrants deeper diligence.

Sector context helps prioritize what to investigate next and which follow-up questions to bring to franchisees, lenders, and advisors.

Yes. Some decisions require more than a single-year snapshot. It can be helpful to review multiple years of disclosures and surface changes that are easy to miss when documents are reviewed one at a time.

A deeper review may include multi-year trends (growth, churn, and projections), litigation or enforcement disclosures over time, investment and fee changes year-over-year, and other signals that help focus diligence.

If you are evaluating F45 Training for an acquisition, expansion, financing decision, or legal or advisory diligence, you can request a sample analysis and discuss a structured research workflow. This is designed to augment your work with attorneys and advisors, not replace it.

These are high-level research questions. Section-specific FAQs appear within each section.
Franchise Signal can make mistakes. Always verify figures against the latest FDD.
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Used by advisors, investors, and operators for screening, benchmarking, and multi-year disclosure review.
Disclosure
Franchise Signal is an independent research platform and is not affiliated with or endorsed by any franchisor or franchise system.

We do not provide lead generation and we are not brokers, agents, or investment or legal advisors.

If data looks incorrect or you have questions, please contact info@franchisesignal.com.

Investment

Estimated initial investment ranges from the Franchise Disclosure Document

Upfront Investment (Item 7)

Estimated initial investment ranges by category, shown across available years.
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Key Insights
Insights unavailable.

Fees

Fees

Royalty and ad fund contributions to the franchisor, shown across available years.
Please refer to the FDD
This brand's fee history is unavailable or could not be parsed reliably. Please consult Items 5 and 6 in the FDD for the current royalty rate, ad fund contribution, and any minimums or tier rules.
Key Insights
Insights unavailable.

Revenue and Financial Performance

Item 19 representations and disclosures (if provided) and how to interpret the sample.
Revenue (Item 19)
No Item 19 revenue figures available
  • The franchisor may not disclose Item 19 revenue tables.
  • The disclosure may be non-standard (scenarios, projections, per-customer metrics).
  • Franchise Signal may have had trouble parsing the relevant table(s).
Please verify directly in the latest FDD (Item 19), including sample size, period, and definitions.
What financial disclosures does f45-training make available?What revenues did the best and worst performing franchisees report for f45-training?How many units were included in f45-training's Item 19 and what period does it cover?
FAQs

Item 19 tables often assume a specific unit definition, such as a single outlet, a protected territory, a trade area, or a defined service region.

Before comparing numbers, confirm what a unit represents for this brand and whether results are segmented by territory size, market type, or maturity.

Also check whether the disclosure mixes franchised and company-owned units, or separates them into different tables.

Item 19 disclosures rarely include every unit. Many franchisors limit the sample to outlets open for a minimum period, units with complete reporting, or a specific subset of locations.

Units may be excluded due to being newly opened, temporarily closed, transferred mid-year, non-traditional formats, or because the franchisor does not collect uniform data from all operators.

When a sample is smaller than expected, treat the figures as directional and focus on the inclusion rules, the time period covered, and how revenue is defined.

Item 19 financial performance representations may use custom definitions or sample sets. Confirm the basis and sample size in the official FDD before drawing comparisons.
Franchise Signal can make mistakes. Always verify figures with the latest FDD.
Key Insights
  • No Item 19 revenue figures were captured for this brand.
  • This often means the franchisor did not disclose Item 19 revenue tables, or the figures are not normalizable.
  • Franchise Signal only parses for normalized revenue figures. Verify revenue tables and other performance figures directly in the FDD.

System Growth and Stability

Outlet openings, closures, and churn signals (Item 20 Table 3).
Outlet Growth (Item 20)
Outlet counts shown here reflect franchised outlets only, not affiliate or company-owned locations. Some FDDs report these categories separately; always review the Item 20 tables and footnotes to confirm how each type of outlet is classified.
Unavailable - please consult the FDD
Franchise Signal can make mistakes. Always verify presented figures with the latest FDD.
Key Insights
Insights unavailable.

Litigation Matters

Litigation disclosures, presented neutrally.
Litigation Matters (Item 3)
This section summarizes Item 3 matters disclosed in the FDD. Summaries are simplified for readability and may omit context. Always confirm details in the full Item 3 disclosure and underlying filings when possible.
Latest year
0
Matters (latest year)
0
Open vs resolved
0 open, 0 resolved
Counts are a starting point. Expand a matter to review allegations, outcomes, and parties.
No Item 3 matters are shown for this brand. This may mean none were disclosed, or the section has not been parsed yet. Please consult the latest FDD.
FAQs

Item 3 lists certain legal actions involving the franchisor and related parties, as defined by the franchise disclosure rules.

A listing can be a diligence signal about dispute types or regulatory attention, but it does not establish liability or wrongdoing by itself.

Interpret each matter by reading the allegations, outcome, parties, and the underlying definitions and footnotes in the FDD.

Litigation listings are not proof of wrongdoing. Use them to guide diligence and verify details.
Franchise Signal can make mistakes. Always verify presented figures with the latest FDD.
Key Insights
  • No Item 3 matters are shown here.
  • This may mean none were disclosed, or the section has not been parsed yet.
  • Always confirm by reading Item 3 in the latest FDD.

FAQs

Additional questions to consider in diligence.
Other Key Items

These questions highlight common diligence topics beyond financial performance. Exact terms vary by brand and can change by agreement version. Always confirm details in the latest FDD and the full franchise agreement.

FAQs

Some agreements require payments after termination, nonrenewal, or closure, such as a fixed damages amount or royalties for a future period.

Confirm what triggers the obligation, how the amount is calculated, and whether it varies by cause. Review any cure periods, offsets, or exceptions.

Always verify the exact language in the franchise agreement and related exhibits.

Territory definitions vary. They may use zip codes, a radius, population, or a list of approved sites. Some systems provide limited or no exclusivity.

Confirm whether the franchisor or other franchisees can sell into your area through alternative channels, online leads, national accounts, or new formats.

Ask what happens if the brand adds new products or services that overlap your market.

Use this page for screening, then read the full FDD and the franchise agreement end to end.

Talk to multiple current and former franchisees, including operators not selected by the franchisor, and speak with other owners in the same industry to compare unit economics and operational realities.

Bring questions to independent advisors, including a franchise attorney and an accountant, and confirm assumptions with local market research.

These are general diligence questions. Verify all terms in the latest FDD and the franchise agreement.
Franchise Signal can make mistakes. Always verify presented information with the latest FDD and franchise agreement.
Key Insights
  • Every franchise system is different. Do not assume terms are standard across brands.
  • Talk to multiple current and former franchisees, not just referrals provided by the franchisor.
  • Compare agreement terms to other operators in the same industry to calibrate what is normal.
  • Verify everything in the latest FDD and the full franchise agreement. Summaries can omit context.
  • Ask for plain language explanations of renewal, termination, transfer, and dispute resolution before signing.