How Much Does an F45 Training Franchise Owner Make?
F45 Training franchise owners earn approximately $61,000–$73,000 annually per location based on a 2025 FDD Item 19 median AUV of $407,220 and estimated operating margins of 15–18%. F45 is a 45-minute functional training studio concept founded in Australia — but prospective investors need to evaluate the brand with significant caution: FranchiseInvestorData rates F45 as AVOID (FutureScore 52/100), citing corporate financial distress, system contraction from 3,300+ to ~753 US locations, and fee structures that create negative cash flow risk for lower-volume studios.
Key Takeaways
- F45 Training franchise owners earn approximately $61,000–$73,000 annually based on FDD income data
- AUV of $407,220
- 7% royalty plus advertising fund fees
- Always validate income estimates with current FDD Item 19 data and franchisee contacts
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F45 Training Quick Stats
| Metric | Value |
|---|---|
| Average AUV (FDD Item 19, 2025) | $454,320 (699 units) |
| Median AUV | $407,220 |
| Item 19 Disclosure | Yes — avg, median, high, low (699 units) |
| Estimated Owner Income | $61K–$73K per studio (VettedBiz) |
| Royalty Fee | 7% of gross OR $2,500/month (whichever higher) |
| Brand Fund | 2% of gross OR $200/month |
| Marketing Fee | $2,500/month (fixed) |
| Total Monthly Fixed Fees | $5,200+ minimum |
| Break-Even AUV for % Royalty | ~$428K/year ($35,700/month) |
| Initial Investment | $349K–$786K |
| Franchise Fee | $60,000 |
| US Locations | ~753 (contraction from 3,300+ peak) |
| Independent Rating | AVOID — FutureScore 52/100 (FranchiseInvestorData) |
How Much Does an F45 Training Franchise Owner Make Per Year?
F45’s 2025 FDD Item 19 discloses gross sales data for 699 studios open for at least 12 months. The average was $454,320 and the median was $407,220. Critically, only 41.6% of studios met or exceeded the average — a highly skewed distribution driven by top performers. The minimum monthly fee structure ($5,200+) creates a revenue floor problem: studios generating under $428K/year ($35,700/month) pay MORE than 7% of gross in combined royalty+marketing fees.
| AUV Tier | Actual Fee Burden | Est. Owner Income |
|---|---|---|
| $360K (bottom quartile) | $5,200+/mo = 17%+ effective rate | Likely negative / break-even |
| $407K (median) | $5,200+/mo = ~15% effective rate | $61K–$73K |
| $454K (average) | ~13% effective rate | $68K–$82K |
| $700K+ (top performers) | ~9% effective rate | $105K–$126K |
Methodology: F45 2025 FDD Item 19 data for 699 qualifying studios. Royalty structure: greater of 7% or $2,500/month + 2% brand fund ($200/month min) + $2,500/month fixed marketing = $5,200+/month minimum regardless of revenue. Studios below $428K/year pay effective royalty+fee rates exceeding 15%. At median AUV ($407K), minimum fees represent approximately 15.3% of gross — significantly above the stated 9% royalty+brand fund rate. FranchiseVS: “The bottom third of operators may struggle to cover their fee obligations against that revenue level.” Always consult the current FDD and speak with existing franchisees.
F45 Training: The Investor Warning Signs
Prospective F45 investors need to evaluate these documented risk factors before proceeding:
- Massive system contraction: F45 peaked at 3,300+ studios globally and has contracted to ~753 US locations — an 77% reduction that reflects both international franchise failures and US market challenges
- Corporate financial distress: F45 corporate revenue fell from $104.4M (2022) to $35M (2025) — a 66% decline that affects brand investment, technology support, and marketing resources available to franchisees
- Minimum fee trap: Studios below $428K/year pay effective royalty rates of 15%+ due to the flat minimum fee structure — a mathematical challenge for new locations building membership
- Only 41.6% above average: The skewed AUV distribution means the majority of studios are below the $454K system average — median of $407K is the more relevant benchmark
- AVOID rating: FranchiseInvestorData assigns F45 a FutureScore of 52/100 with an AVOID signal based on the combined financial distress and system contraction signals
F45 Training Strengths Worth Acknowledging
Despite the warning signs, F45 has real attributes that support the business model in the right circumstances:
- Named best circuit workout by Men’s Health (2024) — genuine product quality recognition
- Ranked Entrepreneur Franchise 500 (2025)
- 45-minute format efficiency appeals to time-limited professional demographics
- Technology-delivered workouts reduce coach dependency vs. Orangetheory — screens display workouts, requiring less elite coaching talent
- Functional fitness category is growing — the underlying training methodology remains popular even as the corporate entity restructures
Frequently Asked Questions About F45 Training Franchise Owner Income
What is an F45 Training franchise owner’s average income?
Based on F45’s 2025 FDD Item 19 median AUV of $407,220 and VettedBiz estimated earnings, an F45 franchise owner earns approximately $61,000–$73,000 annually per studio. However, studios below $428K/year face effective fee rates above 15%, making profitability challenging at or below the system median.
Is F45 Training a good franchise investment right now?
No — not for most investors. The combination of system contraction (3,300+ to 753 US locations), corporate financial distress (revenue down 66% from peak), minimum fee structures that create 15%+ effective royalty rates at median AUV, and an independent AVOID rating from FranchiseInvestorData create a risk profile that most franchise investors should avoid. The functional training concept has merit, but the current F45 corporate situation creates too much uncertainty for the income generated to justify the investment.
What alternatives to F45 should fitness investors consider?
For boutique fitness investors, Club Pilates ($969K median AUV, $385K–$839K investment, ~$160K estimated income) offers better unit economics despite Xponential parent concerns. For less complex operations, Anytime Fitness has lower income but simpler operations. For premium income, Planet Fitness ($1.79M AUV, $200K–$320K income) delivers the strongest large-format gym returns.
Where can I find F45 Training FDD data?
Full FDD data and disclosure details for F45 Training are available at FranchisePayback.com.
Related Franchise Income Analyses
- → How much does a Club Pilates franchise owner make?
- → How much does a Orangetheory Fitness franchise owner make?
Bottom Line: F45 Training Requires Extreme Caution
F45 has a compelling workout concept and a loyal member base in well-run studios. But the investment case is weak: system contraction from 3,300 to 753 US locations, corporate revenue down 66%, minimum fees that create effective royalty rates of 15%+ at median AUV, and an independent AVOID rating. If you’re committed to the functional training franchise category, investigate current franchisee satisfaction extensively before proceeding. If you’re flexible on concept, Club Pilates or Orangetheory deliver significantly better risk-adjusted returns in the boutique fitness segment.
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— SharpSheets Editorial Team | sharpsheets.io | Last Updated: July 2026