Franopolis
    vsS

    Franchise opportunities compared

    ORANGETHEORY vs Studio

    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.

    ORANGETHEORY2026 FDDSStudio2025 FDD

    Initial investment · Item 7

    ORANGETHEORY

    $764,577 – $1,104,920

    2026 FDD · Item 7 · PDF p. 24

    Studio

    $287,900 – $685,900

    2025 FDD · Item 7 · PDF p. 15

    Initial franchise fee · Item 5

    ORANGETHEORY

    $59,950

    2026 FDD · Item 5 · PDF p. 16

    Studio

    $60,000

    2025 FDD · Item 5 · PDF p. 8

    Royalty · Item 6

    ORANGETHEORY

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

    2026 FDD · Item 6 · PDF p. 19

    Studio

    7%

    2025 FDD · Item 6 · PDF p. 10

    Before you compare

    • ORANGETHEORY figures come from its 2026 FDD and Studio figures from its 2025 FDD, so the years differ.
    • Item 19 figures cover the location groups each FDD names (ORANGETHEORY: 3, Studio: 7). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    ORANGETHEORY

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

    Studio

    $287,900 – $685,900
    TOTAL initial investment
    2025 FDD · Item 7 · PDF p. 15
    Standard initial franchise fee (Item 5)

    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

    Studio

    $60,000
    2025 FDD · Item 5 · PDF p. 8
    Royalty (Item 6)

    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

    Studio

    7%
    Royalty Fee percentage
    2025 FDD · Item 6 · PDF p. 10
    Brand / advertising fund (Item 6)

    ORANGETHEORY

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

    Studio

    $420
    Brand Fund Fee current monthly fee
    2025 FDD · Item 6 · PDF p. 10

    System scale & health

    Total outlets (Item 20)

    ORANGETHEORY

    1,224
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 67

    Studio

    22
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 48
    Net outlet change (Item 20)

    ORANGETHEORY

    −109
    Calculated: 1,333 at end of 2023 → 1,224 at end of 2025

    Studio

    +14
    Calculated: 8 at end of 2022 → 22 at end of 2024
    Outlet exits (Item 20)

    ORANGETHEORY

    Not available
    No complete exit records for a year

    Studio

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

    ORANGETHEORY

    March 2019 for Studio unit franchises
    2026 FDD · Item 1 · PDF p. 8

    Studio

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    ORANGETHEORY

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

    Studio

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    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
    SStudio
    Locations counted not stated in the reviewed record — Two locations owned and operated by the franchisor's Parent.
    $7,767
    other South Beach
    2025 FDD · Item 19 · PDF p. 43
    Locations counted not stated in the reviewed record — Studios open for the full 12 months ending December 31, 2024, including one Stu…
    $1,105,235
    other NYC - Chelsea
    2025 FDD · Item 19 · PDF p. 41
    Locations counted not stated in the reviewed record — The two locations owned and operated by the Parent during the 12-month period e…
    $18,250
    other Miami-Brickell
    2025 FDD · Item 19 · PDF p. 43
    +4 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.

    ORANGETHEORY vs Studio: common questions

    Which costs less to open, ORANGETHEORY or Studio?
    ORANGETHEORY: $764,577 – $1,104,920 (2026 FDD · Item 7 · PDF p. 24); Studio: $287,900 – $685,900 (2025 FDD · Item 7 · PDF p. 15). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Studio. Estimates are not quotes, and the FDD years may differ.
    How do ORANGETHEORY and Studio royalties compare?
    ORANGETHEORY: 8% · Percent of Gross Sales; weekly; subject to minimum performance standards and royalty shortfall payments. (2026 FDD · Item 6 · PDF p. 19); Studio: 7% (2025 FDD · Item 6 · PDF p. 10). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, ORANGETHEORY or Studio?
    ORANGETHEORY: 1,224 (2026 FDD · Item 20 · PDF p. 67); Studio: 22 (2025 FDD · Item 20 · PDF p. 48). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do ORANGETHEORY and Studio disclose financial performance (Item 19)?
    ORANGETHEORY has reviewed Item 19 figures for 3 location groups; Studio has reviewed Item 19 figures for 7 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 ORANGETHEORY report

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

    S

    Full Studio report

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

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    FDD glossary

    Plain-language meaning of each Item