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    Franchise opportunities compared

    CycleBar Franchising 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.

    CycleBar Franchising SPV2025 FDDF45 Training2026 FDD

    Initial investment · Item 7

    CycleBar Franchising SPV

    $410,809 – $1,110,193

    2025 FDD · Item 7 · PDF p. 28

    F45 Training

    $362,300 – $857,700

    2026 FDD · Item 7 · PDF p. 30

    Initial franchise fee · Item 5

    CycleBar Franchising SPV

    Not available

    F45 Training

    $60,000

    2026 FDD · Item 5 · PDF p. 19

    Royalty · Item 6

    CycleBar Franchising 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

    • CycleBar Franchising SPV figures come from its 2025 FDD and F45 Training figures from its 2026 FDD, so the years differ.
    • Item 19 figures cover the location groups each FDD names (CycleBar Franchising SPV: 76, F45 Training: 6). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    CycleBar Franchising SPV

    $410,809 – $1,110,193
    Total estimated initial investment
    2025 FDD · Item 7 · PDF p. 28

    F45 Training

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

    CycleBar Franchising 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)

    CycleBar Franchising 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)

    CycleBar Franchising SPV

    2%
    Brand Development Fund initial 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)

    CycleBar Franchising SPV

    189
    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)

    CycleBar Franchising SPV

    −70
    Calculated: 259 at end of 2022 → 189 at end of 2024

    F45 Training

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

    CycleBar Franchising 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)

    CycleBar Franchising 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)

    CycleBar Franchising 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

    CycleBar Franchising SPV
    Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening…
    $32,098
    other New Studio month 7 Gross Revenue median
    2025 FDD · Item 19 · PDF p. 72
    Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening…
    $33,121
    other New Studio month 8 Gross Revenue average
    2025 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening…
    $40,089
    other New Studio month 9 Gross Revenue maximum
    2025 FDD · Item 19 · PDF p. 72
    +73 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.

    CycleBar Franchising SPV vs F45 Training: common questions

    Which costs less to open, CycleBar Franchising SPV or F45 Training?
    CycleBar Franchising SPV: $410,809 – $1,110,193 (2025 FDD · Item 7 · PDF p. 28); 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. Estimates are not quotes, and the FDD years may differ.
    How do CycleBar Franchising SPV and F45 Training royalties compare?
    CycleBar Franchising 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, CycleBar Franchising SPV or F45 Training?
    CycleBar Franchising SPV: 189 (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 CycleBar Franchising SPV and F45 Training disclose financial performance (Item 19)?
    CycleBar Franchising SPV has reviewed Item 19 figures for 76 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

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    Full CycleBar Franchising 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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