Which costs less to open, FS8 Studio or ORANGETHEORY?

FS8 Studio: $349,300 – $840,700 (2026 FDD · Item 7 · PDF p. 23); 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 FS8 Studio. Estimates are not quotes, and the FDD years may differ.

Which has more locations, FS8 Studio or ORANGETHEORY?

FS8 Studio: 30 (2026 FDD · Item 20 · PDF p. 63); 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 FS8 Studio and ORANGETHEORY disclose financial performance (Item 19)?

FS8 Studio has reviewed Item 19 figures for 2 location groups; ORANGETHEORY has reviewed Item 19 figures for 3 location groups. Different location groups are not directly comparable, and revenue is not profit.

Franchise opportunities compared

FS8 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.

FS8 Studio2026 FDD

ORANGETHEORY2026 FDD

Initial investment · Item 7

FS8 Studio

$349,300 – $840,700

2026 FDD · Item 7 · PDF p. 23

ORANGETHEORY

$764,577 – $1,104,920

2026 FDD · Item 7 · PDF p. 24

Initial franchise fee · Item 5

FS8 Studio

Not available

ORANGETHEORY

$59,950

2026 FDD · Item 5 · PDF p. 16

Royalty · Item 6

FS8 Studio

Not available

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

Both sets of figures come from 2026 FDDs.
Item 19 figures cover the location groups each FDD names (FS8 Studio: 2, ORANGETHEORY: 3). Different groups are not directly comparable.

Financial commitment

Disclosure

FS8 Studio

ORANGETHEORY

Estimated initial investment (Item 7)

FS8 Studio

$349,300 – $840,700

Total

2026 FDD · Item 7 · PDF p. 23

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)

FS8 Studio

Not available

No single standard fee identified

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)

FS8 Studio

Not available

No reviewed royalty record

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)

FS8 Studio

$200

Brand Fund — Up to 2% of Gross Sales, or $200 per month, whichever is higher

2026 FDD · Item 6 · PDF p. 14

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

Disclosure

FS8 Studio

ORANGETHEORY

Total outlets (Item 20)

FS8 Studio

Outlets at end of 2025

2026 FDD · Item 20 · PDF p. 63

ORANGETHEORY

1,224

Outlets at end of 2025

2026 FDD · Item 20 · PDF p. 67

Net outlet change (Item 20)

FS8 Studio

+27

Calculated: 3 at end of 2023 → 30 at end of 2025

ORANGETHEORY

−109

Calculated: 1,333 at end of 2023 → 1,224 at end of 2025

Outlet exits (Item 20)

FS8 Studio

Not available

No complete exit records for a year

ORANGETHEORY

Not available

No complete exit records for a year

Franchising since (Item 1)

FS8 Studio

2021

2026 FDD · Item 1 · PDF p. 8

ORANGETHEORY

March 2019 for Studio unit franchises

2026 FDD · Item 1 · PDF p. 8

Franchisor founded (Item 1)

FS8 Studio

2020

2026 FDD · Item 1 · PDF p. 8

ORANGETHEORY

Franchisor formed December 10, 2018

2026 FDD · Item 1 · PDF p. 8

Financial performance (Item 19), by location group

FS8 Studio

Franchised (7 locations) — revenue

$442,119

mean Annual Gross Sales

2026 FDD · Item 19 · PDF p. 60

Franchised (3 locations) — revenue

$338,167

mean Annual Gross Sales

2026 FDD · Item 19 · PDF p. 60

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.

FS8 Studio vs ORANGETHEORY: common questions

Which costs less to open, FS8 Studio or ORANGETHEORY?: FS8 Studio: $349,300 – $840,700 (2026 FDD · Item 7 · PDF p. 23); 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 FS8 Studio. Estimates are not quotes, and the FDD years may differ.
Which has more locations, FS8 Studio or ORANGETHEORY?: FS8 Studio: 30 (2026 FDD · Item 20 · PDF p. 63); 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 FS8 Studio and ORANGETHEORY disclose financial performance (Item 19)?: FS8 Studio has reviewed Item 19 figures for 2 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