F45 Training Franchise

Key Investment Facts

[LAST UPDATED: May 23, 2026]  ·  [VERIFIED · FDD]

About F45 Training

F45 Training operates within the boutique fitness sector, focusing on "functional 45-minute group training workouts" delivered through a standardized, technology-driven curriculum. The business model utilizes a recurring revenue structure based on memberships, positioning the brand between low-cost traditional gyms and high-end niche studios. Franchisees are responsible for high-level operational oversight, including staff recruitment, member retention, and local market positioning. Daily activities involve managing class schedules, ensuring equipment maintenance, and monitoring performance metrics. The brand’s competitive position relies on its ability to provide a consistent, high-intensity product across a global network of studios with minimal square footage requirements.

The total initial investment for an F45 franchise ranges from approximately $300,000 to $700,000, which includes a $50,000 initial franchise fee. Cost variance is primarily influenced by real estate factors, such as site-specific leasehold improvements, local labor rates, and regional permitting costs. Ongoing operational costs include a royalty fee of 7.00% of gross revenue and a 2.00% contribution to a national advertising fund. These recurring fees provide the franchisee with access to proprietary workout programming, brand assets, and centralized marketing support. Additionally, the investment covers the procurement of a specialized equipment package and the digital infrastructure necessary to execute the brand's synchronized daily workouts.

The F45 Training franchise presents a specific financial profile for investors interested in the boutique fitness sector. On average, a single unit generates approximately $550,000 in annual revenue. While initial investment costs depend on location and build-out requirements, the typical timeframe to reach profitability is around 18 months. This model relies on a recurring membership structure that leverages high-intensity functional group training to drive consistent income. By utilizing a compact studio footprint and standardized class schedules, the brand focuses on maximizing revenue per square foot while managing overhead costs effectively.

From an operational standpoint, F45 is structured as a semi-absentee involvement model, which allows owners to oversee the business without being present for every class. Franchisees receive two weeks of initial training covering everything from sales to studio management. A standard location typically operates with about eight employees, including a mix of trainers and administrative staff. Daily responsibilities for the owner include managing the team, executing local marketing campaigns, and ensuring high levels of member engagement. The franchise also employs a defined territory structure to protect market share and provides extensive support systems, such as daily workout programming and global branding assets. These centralized resources simplify the day-to-day workflow, allowing the franchisee to focus on growth and community relations.

F45 Training has been in operation for 11 years and has spent the last 8 years expanding through franchising. The system currently encompasses approximately 1,700 total units, though it faces some stability challenges reflected in its 3.00% net growth rate and a 7.00% failure rate. Franchisee satisfaction sits at a moderate 60 out of 100, suggesting some friction between the corporate level and local owners. In 2023, the brand underwent a significant transition when it was acquired by the private equity firm Kennedy Lewis Capital, marking a shift toward institutional ownership as the company seeks to stabilize its global footprint.

This investment is designed for individuals with a minimum net worth of $500,000 and at least $200,000 in liquid capital. The model is well-suited for semi-absentee operators who possess strong management skills and a passion for fitness, making it a viable lifestyle fit for those looking to balance a professional career with business ownership. While it can appeal to first-time franchisees due to its structured programming, experienced operators may better navigate the operational complexities. Prospective owners should be wary of the relatively high failure rate and the potential for market saturation, which remain key risks in the competitive boutique fitness landscape.

Training Program: 2 weeks of initial training included.

Tags: functional-training, group, international

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.

Key risk signals from FDD data. Higher score = lower risk. Verify in the franchise's current disclosure document.

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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