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    Franchise opportunities compared

    BFT Franchise SPV vs F45 Training

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    BFT Franchise SPV2025 FDDF45 Training2026 FDD

    Initial investment · Item 7

    BFT Franchise SPV

    $509,836 – $1,204,045

    2025 FDD · Item 7

    F45 Training

    $362,300 – $857,700

    2026 FDD · Item 7 · PDF p. 30

    Initial franchise fee · Item 5

    BFT Franchise SPV

    Not available

    F45 Training

    $60,000

    2026 FDD · Item 5 · PDF p. 19

    Royalty · Item 6

    BFT Franchise SPV

    7%

    2025 FDD · Item 6 · PDF p. 21

    F45 Training

    Greater of 7% of Gross Sales or $2,500 per month

    2026 FDD · Item 6 · PDF p. 22

    Before you compare

    • BFT Franchise SPV figures come from its 2025 FDD and F45 Training figures from its 2026 FDD, so the years differ.
    • BFT Franchise SPV discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (BFT Franchise SPV: 31, F45 Training: 6). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    BFT Franchise SPV

    $509,836 – $1,204,045
    2025 FDD · Item 7

    F45 Training

    $362,300 – $857,700
    Total
    2026 FDD · Item 7 · PDF p. 30
    Standard initial franchise fee (Item 5)

    BFT Franchise SPV

    Not available
    No single standard fee identified

    F45 Training

    $60,000
    A document preparation fee of up to $2,500 is also due at signing.
    2026 FDD · Item 5 · PDF p. 19
    Royalty (Item 6)

    BFT Franchise SPV

    7%
    Royalty
    2025 FDD · Item 6 · PDF p. 21

    F45 Training

    Greater of 7% of Gross Sales or $2,500 per month
    Royalty Fee
    2026 FDD · Item 6 · PDF p. 22
    Brand / advertising fund (Item 6)

    BFT Franchise SPV

    2%
    Brand Development Fund contribution — 2%
    2025 FDD · Item 6 · PDF p. 21

    F45 Training

    $200
    Brand Fund — Up to 2% of Gross Sales, or $200 per month, whichever is higher
    2026 FDD · Item 6 · PDF p. 22

    System scale & health

    Total outlets (Item 20)

    BFT Franchise SPV

    49
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 76

    F45 Training

    709
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 64
    Net outlet change (Item 20)

    BFT Franchise SPV

    +47
    Calculated: 2 at end of 2022 → 49 at end of 2024

    F45 Training

    −20
    Calculated: 729 at end of 2022 → 709 at end of 2025
    Outlet exits (Item 20)

    BFT Franchise SPV

    Not available
    No complete exit records for a year

    F45 Training

    72
    Closures, terminations & non-renewals in 2024 · Calculated turnover 4.6% of outlets at start of year
    2025 FDD · Item 20 · PDF p. 68
    Franchising since (Item 1)

    BFT Franchise SPV

    Not available
    Not in reviewed records

    F45 Training

    Began offering franchises in 2015
    2026 FDD · Item 1 · PDF p. 8
    Franchisor founded (Item 1)

    BFT Franchise SPV

    Not available
    Not in reviewed records

    F45 Training

    Incorporated in 2015
    2026 FDD · Item 1 · PDF p. 8

    Financial performance (Item 19), by location group

    BFT Franchise SPV
    Locations counted not stated in the reviewed record — Second quartile of 29 Qualified Studios; U.S. franchise-owned studios open and…
    $387,262
    other 2nd Quartile
    2025 FDD · Item 19 · PDF p. 68
    Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
    239 members
    other 1st Quartile
    2025 FDD · Item 19 · PDF p. 69
    Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
    12 studios
    other Total
    2025 FDD · Item 19 · PDF p. 69
    +28 more groups in the full report
    F45 Training
    Franchised (676 locations) — revenue — 676 franchised F45 Studios that were open and operating for at least 12 months…
    $40,069
    mean Monthly Gross Sales
    2026 FDD · Item 19 · PDF p. 65
    Franchised (225 locations) — revenue
    $600,373
    mean Monthly Gross Sales
    2026 FDD · Item 19 · PDF p. 65
    Franchised (676 locations) — revenue — 676 franchised F45 Studios that were open and operating for at least 12 months…
    $480,832
    mean Annual Gross Sales
    2026 FDD · Item 19 · PDF p. 65
    +3 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    BFT Franchise SPV vs F45 Training: common questions

    Which costs less to open, BFT Franchise SPV or F45 Training?
    BFT Franchise SPV: $509,836 – $1,204,045 (2025 FDD · Item 7); F45 Training: $362,300 – $857,700 (2026 FDD · Item 7 · PDF p. 30). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for F45 Training. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do BFT Franchise SPV and F45 Training royalties compare?
    BFT Franchise SPV: 7% (2025 FDD · Item 6 · PDF p. 21); F45 Training: Greater of 7% of Gross Sales or $2,500 per month (2026 FDD · Item 6 · PDF p. 22). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, BFT Franchise SPV or F45 Training?
    BFT Franchise SPV: 49 (2025 FDD · Item 20 · PDF p. 76); F45 Training: 709 (2025 FDD · Item 20 · PDF p. 64). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do BFT Franchise SPV and F45 Training disclose financial performance (Item 19)?
    BFT Franchise SPV has reviewed Item 19 figures for 31 location groups; F45 Training has reviewed Item 19 figures for 6 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full BFT Franchise SPV report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full F45 Training report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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