Franchises · 2026 FDD · Wisconsin DFI filing 640736
F45 Training franchise cost, unit revenue and closures
Opening a F45 Training cost $362,300 to $857,700 in the 2026 FDD; the median unit sold $429,222 in the franchisor's 2025-03-01 to 2026-02-28 figures; 29.7% of franchised units closed over three years.
Franchisor: F45 Training Incorporated. FDD issued 2026-04-01, amended 2026-10-14. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.
What a unit costs to open
What a unit pays the franchisor
| Initial franchise fee | $60,000 | Item 5, p. 19 |
|---|---|---|
| Royalty | the greater of 7% of Gross Sales or $2,500 per month | Item 6, p. 22 |
| Advertising fund | Brand Fund up to 2% of Gross Sales or $200 per month, whichever is higher | Item 6, p. 22 |
called the establishment fee; plus up to $2,500 document preparation fee; up to 25% off for approved veterans.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
| Measure | annual Gross Sales, 12 months ended 2026-02-28, franchised studios open at least 12 months | |
|---|---|---|
| Sample | 676 units: the 676 franchised studios open and operating at least 12 months as of 2026-02-28, in thirds; a monthly table follows (median $35,769 per month) | |
| Period | 2025-03-01 to 2026-02-28 | |
| High / low | $1,879,753 / $114,491 | |
Revenue to investment
Formula: Item 19 median / Item 7 total (midpoint, low, high). A ratio of 1.00 means one year of median unit revenue equals the investment; it says nothing about profit.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 728 | 789 | 751 |
| Opened | 136 | 34 | 26 |
| Terminated | 42 | 46 | 54 |
| Not renewed | 13 | 16 | 13 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased, other reasons | 20 | 10 | 2 |
| End of year | 789 | 751 | 706 |
| Company-owned, end of year | 2 | 2 | 2 |
Item 20, Table 1 p. 68; Table 3 totals p. 76.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
2024 and 2025 rows taken from the Table 3 totals; Table 1 prints 2023 as 728 to 789 (the company-owned 2023 net change is printed +1 against a fall from 3 to 2).
As filed: 2025 does not sum (751 + 26 − 54 − 13 − 2 = 708, printed 706); 2023 and 2024 sum.
Source and method
Every figure above comes from the F45 Training Franchise Disclosure Document issued 2026-04-01 and amended 2026-10-14, as filed with the Wisconsin Department of Financial Institutions (filing 640736, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.