F45

F45

Information based on 2024 FDD

Fitness · Fitness Studios

Investment min
$294K
Total: $294K–$719K
Avg gross revenue
N/A
Unit-level, 2024
Franchise fee
$60K
Per current disclosure
Royalty
7%
of gross revenue
Locations
789
Franchising since 2013

Description

What is F45?

F45 Training has revolutionized the fitness industry with its innovative approach to group workout sessions. Founded in 2011, this dynamic fitness franchise has rapidly grown to become a global phenomenon, known for its unique 45-minute high-intensity workouts that combine elements of circuit training, HIIT, and functional movement.

The F45 concept stands out for its team-oriented atmosphere and technology-driven approach. Each day features a different workout program, ensuring members never experience the same routine twice. The 'F' stands for Functional training, while '45' represents the length of each high-energy session. This time-efficient format has proven particularly appealing to busy professionals seeking maximum results in minimal time.

What truly sets F45 apart is its exceptional coaching system. Highly trained instructors provide personalized attention, form correction, and motivation throughout each session. The studio environment fosters a strong sense of community, where members support and encourage each other toward their fitness goals. This combination of expert guidance and community spirit creates an engaging, results-driven atmosphere that keeps members coming back.

Each F45 location features state-of-the-art equipment and incorporates both strength and cardio elements into their programming. The franchise utilizes innovative technology, including multiple LCD screens throughout the studio that display exercise demonstrations, timing, and transitions. This system allows members to focus on their workout while staying perfectly in sync with the class.

For entrepreneurs passionate about fitness and community building, F45 offers a proven business model with strong brand recognition and a loyal customer base. The franchise continues to expand globally, maintaining its position as a leader in the boutique fitness industry.
  • Global brand with local community focus
  • Functional training combining HIIT, circuit, and functional training styles
  • Thousands of exercises and 80+ workout classes prevent repetition
  • Established in 2011 with proven operational track record
  • 791 units demonstrate strong scalability and system maturity
  • 45-minute functional training classes designed for every body

Location Analysis

Where F45 wins

F45's extensive footprint across numerous states demonstrates strong market penetration in key fitness-conscious regions. The franchise shows particular strength in coastal and urban markets, with notable concentrations in California and Arizona, followed by significant presence across Texas, New York, and Florida. This distribution aligns with demographics favoring boutique fitness concepts and higher disposable income areas.

The brand's exceptional customer satisfaction ratings across thousands of customer reviews indicates strong operational consistency and customer satisfaction, particularly notable in a competitive fitness studio market. This suggests successful adaptation to regional preferences while maintaining brand standards.

Market analysis reveals opportunities for expansion in the Midwest and Southeast, where boutique fitness competition is less saturated. Ideal locations typically succeed in affluent suburban areas and urban centers with high concentrations of health-conscious professionals aged 25-45, household incomes above $75,000, and strong daytime population density.

Key success factors include proximity to complementary retail (health food stores, athleisure retailers), professional offices, and residential developments within a 3-mile radius. New franchisees should prioritize locations with substantial population within trade area, visible storefront positioning, and adequate parking. The brand's strongest performance correlates with areas experiencing population growth and increasing health/wellness spending.
Total US locations
791
Franchise units
789
Corporate locations
2
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind F45

Avg gross revenueN/A
Investment range$294,200 – $719,100
Investment midpoint$506,650
Brand fund2%
Royalty7%
Franchise fee$60,000
Min. net worth
Min. liquid capital
F45's investment range of $294,200 to $719,100 positions it in the premium tier of fitness franchises, requiring above-average capital commitment compared to the fitness studio sub-sector average of $282,119-$557,302. This investment typically covers equipment, buildout, initial marketing, and working capital for the specialized HIIT training format. The higher investment reflects F45's comprehensive equipment package and sophisticated studio design requirements.

The fitness industry continues experiencing robust growth driven by increasing health consciousness and demand for boutique fitness experiences. F45's functional training model capitalizes on the shift toward group fitness and time-efficient workouts, appealing to busy professionals seeking community-based fitness solutions.

With 791 units and established in 2011, F45 demonstrates substantial system maturity and proven scalability. The brand's rapid international expansion indicates strong franchisor infrastructure and operational systems, though this growth phase may present both opportunities and execution challenges for new franchisees.

The premium investment level requires franchisees with substantial liquid capital and operational experience in service-based businesses. Territory protection and market exclusivity become critical given the significant upfront investment. The specialized nature of F45's training methodology demands committed owner-operators who can maintain brand standards and community engagement.

Ideal investors possess fitness industry experience, strong local market knowledge, and sufficient capital reserves for initial operations. The model suits markets with demographics valuing premium fitness experiences and community-based training environments.
Did you know? Did you know that launching your own F45 functional fitness studio requires a total investment between $294,200 and $719,100, which covers everything from the $60,000 franchise fee to all the high-tech equipment, studio buildout, and working capital needed to bring F45's signature 45-minute team training workouts to your community?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$294K–$719K
Most common
$294,200
Minimum
$506,650
Midpoint
$719,100
Maximum

Per FDD Item 7, total initial investment ranges from $294,200 to $719,100. The midpoint $506,650 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

Growth over time

Franchise footprint

+9% YoY
1,0008006004002000
2017
2018
2019
2020
2021
2022
2023
2024
791 units open as of 2024 FDD+63 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for F45's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a F45 franchise typically ranges between $294,200.00 and $719,100.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

F45
F45
N/A avg revenue · 789+ US franchises

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