F45 Training franchise

Average annual revenue

$480,832 reported annual Gross Sales mean for 676 U.S. franchised F45 Studios, March 2025–February 2026. The source gives conflicting minimum-age criteria for the cohort. Reported mean of 676 U.S. franchised F45 Studios for March 1, 2025–February 28, 2026; median $429,222. This is the disclosed total sample mean, not a top-third mean or a calculation from monthly sales. Cohort age wording conflicts: the introduction and note 1 say at least 12 months as of February 28, 2026; note 11 says opened for at least 12 months prior to the reporting period. Neither cutoff is selected or normalized. Minimum studio age remains unknown. Note 1 reports 698 U.S. franchised Studios as of February 28, 2026; 676 are included. The 22 exclusions were not opened before March 1, 2025, or were not open during the full reporting period. The reported full-year sales period and explicit 676 denominator are retained despite unresolved minimum-age wording. Gross Sales includes selling prices of services/products and other Studio income, including Internet sales, cash or credit regardless of collection; designated Approved Services and certain other items are excluded. The source refers to Item 6 and Franchise Agreement section 21(I) for additional definition. Studios offered the full range of F45 classes, programs and services. POS reports are not regularly audited or verified by the franchisor. Source median definitions and reported median remain literal, without recalculation. Gross Sales excludes no operating expenses by this presentation: it is not owner income, net profit, or a new-studio forecast. Costs of sales, goods, operations, rent and other expenses must be deducted; the franchisor does not have franchisee operating-cost data. The selected April 1, 2026 v5 FDD (PX-20260910-a1-DOC-0031) directly reports this mean. The separately acquired April 1, 2026 v7 original corroborates the same selected Item 19/20 content; its version number does not establish a new reporting period or resolve the conflicts. The selected v5 original is hash-bound to the historical document registry, which records external-package Minnesota attribution without an independently authenticated full download GUID. The v7 original was acquired from a Minnesota public filing. Neither cover states government verification. Complete legal-offer/exhibit authenticity remains outside this scoped review. USD is inferred from dollar notation in the expressly U.S. franchise disclosure. No currency conversion, system-sales division, or annualization was performed.

Opening investment

Notes: (1) Currently, you must purchase the Equipment Pack, which includes F45 TV dongles, TVs, sound system, exercise equipment, rubber flooring, chin bar frames, training uniforms, astro turf, and marketing collateral from us or our affiliates. We may add items or delete items included in the Equipment Pack. The current cost of the Equipment Pack is $115,000, which excludes taxes, duties, shipping and other delivery costs (See Item 5), so long as you order the Equipment Pack and pay the Equipment Pack Price by the Final Payment Date. Following the Final Payment Date, the Equipment Pack Price may be increased to the Franchisor’s then-current price for the Equipment Pack. (2) When the order for your Equipment Pack is made, or when otherwise required, you must pay any taxes. The cost depends on the state where your Studio is located. The low end assumes your Studio is located in a state where no sales tax is imposed. The Equipment Pack is generally scheduled to be delivered approximately 45 to 90 days after the date the Equipment Pack has been ordered and paid for. If you are unable to take delivery of the Equipment Pack, you must pay a third party for the storage costs incurred to store the Equipment Pack until you take delivery of the Equipment Pack. We estimate these costs to be $600 per month. (3) The cost is $1,500 for attendance at our Induction Seminar (for two attendees). The induction seminar is discussed in Item 13. You must pay us $750 for the third and each additional person who attends induction. The cost for the induction seminar does not include the cost of the Head Trainer induction. You are responsible for paying the costs of travel, lodging, meals and compensation for you and your attendees attending the Induction Seminar. (4) You are required to employ a head trainer who must attend the Induction Seminar at the same time as you to engage in the Head Trainer induction, as discussed in Item 11. This must occur prior to opening. If your Head Trainer does not attend Induction prior to opening, does not successfully complete training at Induction, or at your request, we will provide on-site training at the Studio, and you will pay us an on-site training fee. The On-site Training Fee will range from $4,000 to $11,000 depending on the numbers of trainer being trained. This “train-the-trainer” type of program is designed to teach your trainers how to deliver the F45 exercise plan and experience to members of the Studio as part of our brand standards. This training is conducted on-site, at your Studio. We will use the On-site Training Fee to offset the costs and expenses related to providing on-site training to trainers at the Studio. (5) Training expenses include the cost of lodging, meals and travel expenses for the two individuals and the Head Trainer attending the Induction Seminar. (6) We expect that you will either purchase or lease the real estate for the Studio. This estimate assumes that you will be renting a 2,000-3,000 square foot space. We expect most Studios will be approximately this size, but we may approve smaller buildings in our sole discretion. You may choose a larger facility, but it will increase your operating costs. Your cost to lease is difficult to quantify because there are a number of market factors that will impact what you pay. Our low estimate assumes that you pay the first month’s rent without a security deposit. If you are required to pre-pay additional rent or security deposits, your investment may be higher. Your landlord may refund your security deposit, but most will not refund rental payments. We do not require you to purchase or build a facility to house the Studio. Your cost may increase over our projections should you choose to purchase or build. We do not lease or sell space to you. (7) The cost of the leasehold improvements will vary depending on various factors, including size, condition, and location of the Studio, local wage rates, and the cost of materials. The low estimates assumes that your landlord will provide a fully built out franchise business with nearly 100% of hard construction costs covered by the landlord and would likely be in a brand new development. The high estimate assumes little to no tenant improvement allowance from the landlord for total hard construction costs. Based on our experience in 2024, speaking with franchisees and in working with landlords to build out exercise studios, we anticipate that typical landlord allowance in 2025 will be approximately 30% of development costs. Therefore, the estimated costs in the table reflect this estimated landlord allowance. This may not be available in all locations, and your situation may vary. The cost of leasehold improvements includes preparation of a site verification survey, preliminary design documents, architectural costs, construction documents, and construction administration services and actual construction. This estimate does not include the costs for real estate, building permits, or financing. F45 Studios are typically located in in-line shopping centers or other types of multi-use buildings. You may purchase or lease the building for your Studio. We are unable to estimate real estate costs or lease costs because of wide variations in prices depending on factors like location, type of building on the property, size of the property, and market conditions in general. We estimate that the size of your Studio will be 1,650 to 2,400 square feet. You may be required to pay a deposit in relation to each of the utilities and these deposits may range between $1,000 to $2,000 (excluding applicable taxes). The deposits are generally refundable at the termination of the agreements with the relevant provider, subject to the terms of the agreement. (9) You must purchase and/or lease and install the additional furniture and fixtures we require, which are not included in the Equipment Pack. The cost of the furniture and fixtures will vary according to local market conditions, the size of the Studio, suppliers, and other related factors. We require certain equipment and technology to be professionally installed by suppliers approved by us. Presently, we require the exercise bikes which are supplied as a part of the Equipment Pack to be assembled (to the extent that they are not pre-assembled) and the technology and audio visual equipment and sound system to be installed by a supplier we approve. (10) You must purchase from us (or our affiliates or other suppliers designated by us) general office supplies including stationery, business cards, and typical office equipment. We may add or delete items from this list. The precise requirements and costs may vary from one franchisee to another. (11) You must purchase the computer equipment, hardware, and software necessary for operating the franchise. The required computer equipment includes an Apple MacBook Air, an Apple iPad, and a high speed Internet router. (12) State and local government agencies typically charge fees for occupancy permits, operating licenses, and construction permits. Your actual costs may vary from the estimates based on the requirements of state and local government agencies. (13) This estimate is for your engagement of an attorney, an accountant, an architect and other consultants to assist you in establishing your franchise. These fees may vary from location to location depending on the prevailing rates of local attorneys, accountants, and consultants. (14) This is the estimated cost for your initial premiums. You must obtain and maintain the types and amounts of insurance coverage we require. Insurance costs will vary depending upon the location and size of your Studio, the number of employees, the amount of your payroll, and other factors, and may change from time to time due to changes in insurance rates. (15) You must carry out a grand opening promotion for the Studio as we require. You must spend $25,000 on grand opening promotions. The grand opening promotions and marketing activities must be conducted as we require. If we direct, you must pay us, or third parties approved by us, part or all of the Grand Opening Expenditures. If we require that you pay us or third parties all or part of the Grand Opening Expenditures, then we or the required third party will conduct grand opening promotions on your behalf. If we require that you pay us the Grand Opening Expenditures, then you must make such payment the earlier of: (i) the date your Equipment Pack is ordered; or (ii) four months before the scheduled Opening Date of the Studio. (16) Promotional merchandise includes a variety of items, including tees, hats, etc. We may require you to purchase prepared meals in the future. The products/equipment in the above estimate include but are not limited to up to 2 cold plunges, up to 2 infrared saunas (2 person), massage guns, massage chairs, and compression therapy. The Item 7 chart above reflects the minimum payment for the first three months of operation. The $7,500 figure in the Item 7 chart above does not reflect any calculation of Gross Sales. (20) These additional funds provide a range of additional funds needed for the first three months of operation. The additional funds include funds for payroll expenses (the largest part of these additional funds), bank charges, cleaning charges, conference fees, courier fees, electricity, and other utility costs, motor vehicle expenses, recruiting expenses, security expenses, Studio amenities and other expenses, and telecommunication provider costs. These estimates do not include rent or mortgage payments. The total does not include costs for real estate, building permits, or financing (if you build or purchase the land and building for your Studio versus renting). We have relied on the average costs incurred by our U.S. franchisees to compile these estimates. You should review these figures carefully with a business advisor before deciding to acquire the franchise. Unless otherwise stated above, these estimates are subject to increases based on changes in market conditions, our cost of providing services, and future policy changes. At the present time, we have no plans to increase payments we control. We do not offer any financing for your establishment fee or any portion of your initial investment, but see Item 10 for a discussion of financing. Unless otherwise stated, the amounts described above are not refundable. YOUR ESTIMATED INITIAL INVESTMENT – MULTIPLE STUDIO FRANCHISE We cannot estimate your initial investment under a Franchise Agreement that in which you have the right and obligation to open multiple studios, other than the additional establishment fees, which are described in Item 5. The amount of this fee will depend on the number of Stores you agree to establish. Conditional equipment price and mixed shipping/tax amounts not normalized. Additional funds exclude rent/mortgage. Optional amenities may cost zero if omitted; source total retained without recomputation.