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    Franchise opportunities compared

    F45 Studio vs ORANGETHEORY

    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.

    F45 Studio2025 FDDORANGETHEORY2026 FDD

    Initial investment · Item 7

    F45 Studio

    $349,200 – $786,100

    2025 FDD · Item 7 · PDF p. 29

    ORANGETHEORY

    $764,577 – $1,104,920

    2026 FDD · Item 7 · PDF p. 24

    Initial franchise fee · Item 5

    F45 Studio

    $60,000

    2025 FDD · Item 5 · PDF p. 19

    ORANGETHEORY

    $59,950

    2026 FDD · Item 5 · PDF p. 16

    Royalty · Item 6

    F45 Studio

    $2,500

    2025 FDD · Item 6 · PDF p. 21

    ORANGETHEORY

    8% · Percent of Gross Sales; weekly; subject to minimum performance standards and royalty shortfall payments.

    2026 FDD · Item 6 · PDF p. 19

    Before you compare

    • F45 Studio figures come from its 2025 FDD and ORANGETHEORY figures from its 2026 FDD, so the years differ.
    • Item 19 figures cover the location groups each FDD names (F45 Studio: 4, ORANGETHEORY: 3). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    F45 Studio

    $349,200 – $786,100
    Total initial investment
    2025 FDD · Item 7 · PDF p. 29

    ORANGETHEORY

    $764,577 – $1,104,920
    Single Studio — TOTAL (excluding real estate purchase costs)
    2026 FDD · Item 7 · PDF p. 24
    Standard initial franchise fee (Item 5)

    F45 Studio

    $60,000
    2025 FDD · Item 5 · PDF p. 19

    ORANGETHEORY

    $59,950
    The fee is non-refundable; the franchisor may decrease it case-by-case, for promotions, or for area development agreements.
    2026 FDD · Item 5 · PDF p. 16
    Royalty (Item 6)

    F45 Studio

    $2,500
    Royalty
    2025 FDD · Item 6 · PDF p. 21

    ORANGETHEORY

    8% · Percent of Gross Sales; weekly; subject to minimum performance standards and royalty shortfall payments.
    Royalty Fee
    2026 FDD · Item 6 · PDF p. 19
    Brand / advertising fund (Item 6)

    F45 Studio

    $200
    Brand Fund contribution
    2025 FDD · Item 6 · PDF p. 21

    ORANGETHEORY

    3% of gross sales; monthly; current rate 3%, may increase to 5%.
    Brand Fund Contributions
    2026 FDD · Item 6 · PDF p. 19

    System scale & health

    Total outlets (Item 20)

    F45 Studio

    753
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 64

    ORANGETHEORY

    1,224
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 67
    Net outlet change (Item 20)

    F45 Studio

    +24
    Calculated: 729 at end of 2022 → 753 at end of 2024

    ORANGETHEORY

    −109
    Calculated: 1,333 at end of 2023 → 1,224 at end of 2025
    Outlet exits (Item 20)

    F45 Studio

    Not available
    No complete exit records for a year

    ORANGETHEORY

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    F45 Studio

    Not available
    Not in reviewed records

    ORANGETHEORY

    March 2019 for Studio unit franchises
    2026 FDD · Item 1 · PDF p. 8
    Franchisor founded (Item 1)

    F45 Studio

    Not available
    Not in reviewed records

    ORANGETHEORY

    Franchisor formed December 10, 2018
    2026 FDD · Item 1 · PDF p. 8

    Financial performance (Item 19), by location group

    F45 Studio
    Locations counted not stated in the reviewed record — Franchised F45 Studios open and operating at least 12 months as of February 28,…
    $454,320
    other annual gross sales
    2025 FDD · Item 19 · PDF p. 61
    Locations counted not stated in the reviewed record — Franchised F45 Studios in top third ranked by annual Gross Sales
    $684,477
    other annual gross sales
    2025 FDD · Item 19 · PDF p. 61
    Locations counted not stated in the reviewed record — Franchised F45 Studios in middle third ranked by annual Gross Sales
    $413,131
    other annual gross sales
    2025 FDD · Item 19 · PDF p. 61
    +1 more groups in the full report
    ORANGETHEORY
    Franchised (1,189 locations) — memberships and revenue and other measures
    49 percent
    other Studios at or above average Monthly Member Count
    2026 FDD · Item 19 · PDF p. 66
    Franchised (95 locations) — other measures
    95 studios
    other Permanently closed franchised Studios excluded
    2026 FDD · Item 19 · PDF p. 65
    Franchised (1,189 locations) — memberships and revenue
    $855,427
    median Total Gross Sales
    2026 FDD · Item 19 · PDF p. 65

    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.

    F45 Studio vs ORANGETHEORY: common questions

    Which costs less to open, F45 Studio or ORANGETHEORY?
    F45 Studio: $349,200 – $786,100 (2025 FDD · Item 7 · PDF p. 29); ORANGETHEORY: $764,577 – $1,104,920 (2026 FDD · Item 7 · PDF p. 24). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for F45 Studio. Estimates are not quotes, and the FDD years may differ.
    How do F45 Studio and ORANGETHEORY royalties compare?
    F45 Studio: $2,500 (2025 FDD · Item 6 · PDF p. 21); ORANGETHEORY: 8% · Percent of Gross Sales; weekly; subject to minimum performance standards and royalty shortfall payments. (2026 FDD · Item 6 · PDF p. 19). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, F45 Studio or ORANGETHEORY?
    F45 Studio: 753 (2025 FDD · Item 20 · PDF p. 64); ORANGETHEORY: 1,224 (2026 FDD · Item 20 · PDF p. 67). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do F45 Studio and ORANGETHEORY disclose financial performance (Item 19)?
    F45 Studio has reviewed Item 19 figures for 4 location groups; ORANGETHEORY has reviewed Item 19 figures for 3 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 F45 Studio report

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

    Full ORANGETHEORY report

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

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    Plain-language meaning of each Item