F45 Training

F45 Training is an Australian franchisor and operator of fitness centers based in Austin, Texas. It has over 2,000 studios in over 60 countries across Australia/Oceania, North America, South America, Asia, Europe and Africa.[1] It was ranked the fastest growing fitness franchise in the US in 2021,[2] one of the fastest globally,[3] and has approximately 2,000 studios worldwide, including approximately 500 studios in Australia and around 1,000 studios in the United States as of 2023.[4] The fitness franchise was launched in 2011 by Adam Gilchrist and Rob Deutsch as part of a move to modernize gym participation. The franchise group still focuses on functional movement, but now consists of three concepts: F45 Training, FS8, and Vive Active.

F45 Training
IndustryHealth club, fitness, gym
FoundedEpping, Australia (2011 (2011))
Founders
  • Adam Gilchrist
  • Rob Deutsch
Headquarters
Number of locations
60 countries
547 (Australia)
81 (New Zealand)
740 (United States)
10 (Europe)
6 (South Africa)
200 (Canada)
22 (Middle East)
60 (United Kingdom)
105 (Asia)
Key people
Websitef45training.com

About

F45 offers thousands of exercises, customized training systems, circuit movement patterns, timing modules and workouts that change on a daily basis. Each F45 studio has access to these training systems. Integrated technology is a key aspect of the systematic aesthetic – with the same video workout demonstrations and F45 DJ playlists played across all studios.[5] Its drawing capacity is its 45-minute session that combines high-intensity interval training (HIIT), functional training and circuit training. The fusion of interval, strength and cardiovascular training is targeted at burning fat while building lean muscle.[6]

Programs

Programs are constantly being created and changing, with more than 80 different routines, including the Pipeline,[7] Moon Hopper, and Renegade workouts.

History

In 2012, the first F45 studio was launched in Paddington, Sydney.[8] It was here that Rob Deutsch took the time to work on the fitness model within the studio each day. After the success of its first studio, Deutsch enlisted the help of franchisee expert, Adam Gilchrist, who quickly became his business partner when they decided to franchise the F45 business.[9] In 2013, Gilchrist and Deutsch sold their first F45, and in 2014 they began a franchise roll-out in Sydney with 15 franchises bought by members of the original F45 studio in Paddington.[9]

Off-shore expansion

In 2015, the duo sold their first off-shore franchise in New Zealand. This marked a two-year milestone of 250 franchises in the Oceania region. In 2015, Gilchrist and Deutsch sold their first F45 studio in the United States,[9] sparking a rapid US expansion. That same year, F45 also launched in India, with the help of Australian cricketer Brett Lee and Indian cricket legend VVS Laxman.[10] The first store opened in Hyderabad — the capital and largest city of the Indian state of Telangana. This triggered an expansion with many more studios opening in major Indian cities, such as Bangalore, Chennai, Raipur and Gurgaon.[11]

In 2017, Gilchrist and Deutsch entered the United Kingdom with 50 franchises sold—35 of which opened in London, and 15 across Brighton, Bournemouth, Birmingham and Manchester.[12]

Between 2017 and 2018, F45 launched the beginning of its European growth strategy, opening studios in Finland, Switzerland, Czech Republic and Germany. F45 simultaneously increased its US presence through its Collegiate Program, which entailed a partnership between F45 and U.S. colleges in an effort to permeate the young influential group of individuals.[13]

In the first half of 2019, the fitness franchise secured a deal to open studios in Afghanistan and Iraq, as well as in Kenya and Mauritius in Africa – taking their presence to over 40 countries.[14] In 2019, Mark Wahlberg Investment Group and FOD Capital announced that they were buying a minority stake in the F45 business. It is reported that this investment will facilitate further global expansion for the company. The deal values the company at US$450 million (AU$672 million).[15]

F45 Training went public in July 2021 with the company being valued at US$1.4 billion (AU$2.1 billion).[16] F45, however, has since experienced a number of problems, with gym closures, falling stock prices, employees layoffs as part of its restructuring, and threats of lawsuits from investors.[17][18][19] It later revealed that it lost $193.5M in 2021 and $178.8M in 2022, making a total of $372M loss over the two years.[20] Gilchrist stood down as CEO in July 2022, and later replaced by Tom Dowd as CEO, while Mark Wahlberg was named as chief brand officer.[21]

On August 15, 2023, F45 Training Holdings announced they have delisted from the NYSE after its share price fell by 75% and warnings were issued over its non-compliance on listing standards.[22][23]

Products and services

There are a number of different products and services that make up the F45 brand:

Team Training

The 45-minute group workout classes are F45's main offering throughout the week with a 60-minute session on Saturdays. Each workout is led by two trainers who are there to offer correctional support or modifications.

F45 Challenge

The F45 Challenge is based upon a holistic model that encompasses fitness, nutrition and lifestyle.[24] It runs for six or eight weeks and offers its members training and nutritional coaching through a digital app that includes daily meal plans and calorie tracking. There is also an option to receive delivered meals to your doorstep. Its drawing card is its rapid physical transformation, as well as the cash prizes for male and female participants (each F45 studio conducts its own Challenge). The before and after Challenge photos have become a notable aspect of the fitness brand, showcasing images of members' physical progress from the beginning and end of the Challenge.[25] Their circulation on the web and around social media has been a key aspect of F45's marketing and engagement efforts.

Equipment

F45 uses a number of basic functional equipment within a relatively small space, with equipment varying day-to-day depending on what type of session it is. Common equipment includes: mat, resistance band, bench, bosu balance trainer, exercise ball, kettlebell, dumbbell, medicine ball, sand bag, battle ropes, weights, barbell, exercise bike, indoor rower, sled.[26] Heart rate monitoring equipment during training using the F45 LionHeart.

Awards

Since 2019, the franchise has ranked on the Entrepreneur's Franchise 500. Rankings include 29th in 2023, 42nd in 2022, 41st in 2021 and 68th in 2020,[27] and 297th in 2019. In addition, the franchise has also ranked across Entrepreneur's other franchise rankings including: 13th in 2020 and 23rd in 20203 on Entrepreneur's Fastest Growing Fitness Franchises,[28] ranked 26th in 2023 on Entrepreneur's Top Global Franchises, and 104th in 2022 for Entrepreneur's Top Franchises for Veterans.[29]

They were named one of Fast Company's 'Most Innovative Wellness Companies of 2020'.[30]

In 2022 for the fifth consecutive year, F45 Training won Canstar Blue's Best Gym in Australia. With this award, the franchise was recognized as the fitness company that consistently delivers its customers the highest level of service including ‘five star’ level for equipment, facilities, atmosphere and overall value.[31]

In 2023, F45 Training was rated the #1 Gym Chain in the United States by Men's Journal.[32]

Other Fitness Concepts

F45 Training includes three different functional training fitness concepts including: F45 Training, FS8 and Vive Active.

FS8

FS8[33] is a progressive fitness movement that REMIXES the best elements of Pilates, Tone, and Yoga to create a low-impact, high-energy workout that strengthens your body and mind without the fluff. FS8 is defined by eight elements that support functional strength, with our foundation structured on four core workouts: FS8 Original, FS8 Blast, FS8 Remix, and FS8 Restore. Every workout is formulated based on these elements, developed in consultation with leading fitness experts with the objective of unlocking the POWER of STRENGTH and CONFIDENCE in every person. With over 40 studios across five countries, FS8 is expanding rapidly and changing the fitness industry for the better.

Vive Active

Vive Active[34] is the destination for all things athletic Reformer Pilates. With state-of-the-art lighting, mirrored ceilings, award-winning design, and epic beats pumping through premium sound system, a Vive studio is where the magic happens. By combining the sweet science of reformer pilates with the best principles of strength training, they’ve designed the ultimate results-driven 50 minute workout.

Founded by entrepreneur, John Keats, and nutrition expert, Louise Keats, Vive comprises a team of individuals committed to delivering a world-leading fitness experience. Vive Active lives and breathes what they do and will never settle for second best.

Partnerships

In 2023, F45 Training shifted their focus to become the Total Wellness Solution for its members and partners. In June 2023, F45 Training partnered with Spartan Race, the world’s largest endurance racing brand that also owns Tough Mudder, DEKAFIT and SpartanTrail.[35] The newly formed partnership encourages the formation of F45 “teams” to train for, and compete in, Spartan races. In addition, F45 will curate new Spartan-themed fitness classes and programs to get racers prepared for an epic day out on the course. The benefits of team training extend beyond physical fitness. They foster a sense of community, encourage mutual support, and teach accountability. Both Spartan events and F45 workouts help to boost morale among team members.

References

  1. Sorich, Sonya (31 January 2020). "Fast-growing fitness chain says it's coming to Midtown's Press Building". Sacramento Business Journal.
  2. Kufahl, Pamela (11 March 2021). "Fastest-Growing Franchises List Includes 2 Fitness Brands in Top 10". Club Industry.
  3. Bell, Lee. "Innovation And F45: How Technology Has Fueled The World's Fastest-Growing Fitness Studio". Forbes. Retrieved 2 February 2020.
  4. "Find a studio". F45 Training. Retrieved 2 February 2020.
  5. Network, Australian Fitness. "WHAT IS…? F45 TRAINING". Australian Fitness Network. Retrieved 19 February 2020.
  6. Milligan, Carley (14 February 2020). "Mark Wahlberg-backed fitness concept coming to Baltimore". Baltimore Business Journal.
  7. Al, Eliass (7 November 2022). "F45 Pipeline Workout [Everything You Need to Know]". Ectomorphing. Retrieved 25 November 2022.
  8. "Genius way $42m Aussie CEO made his millions". News.com.au. 17 October 2018. Retrieved 3 February 2020.
  9. "About Time You Met: Rob Deutsch, Founder and CEO of F45". About Time Magazine. Retrieved 5 February 2020.
  10. "F45 expands with first Indian studio opening – Australasian Leisure Management". www.ausleisure.com.au. Retrieved 7 February 2020.
  11. ANI (16 February 2018). "F45 to open over 100 studios in India by 2020". Business Standard. Retrieved 7 February 2020.
  12. "F45 expands UK presence with 50 franchises sold – Australasian Leisure Management". www.ausleisure.com.au. Retrieved 5 February 2020.
  13. "1500 studios for F45 by the end of 2018". Inside Franchise Business. 22 August 2018. Retrieved 19 February 2020.
  14. "F45 to open studios in Afghanistan and Iraq – Australasian Leisure Management". www.ausleisure.com.au. Retrieved 10 February 2020.
  15. "Mark Wahlberg Backs Australian Fitness Franchise F45 Training". Bloomberg News. 18 March 2019. Retrieved 10 February 2020.
  16. Saharan, Shubham; Platt, Eric (15 July 2021). "Mark Wahlberg-backed fitness chain F45 goes public". Financial Times.
  17. Whitson, Rhiana (26 March 2023). "Multiple F45 gyms have collapsed around Australia as the US-listed parent faces possible legal battles with celebrities and investors". ABC News.
  18. Kufahl, Pamela (25 May 2023). "F45 Training Receives Second Notice of Non-Compliance from NYSE". Club Industry.
  19. Brazier, Tori (20 October 2022). "David Beckham and Greg Norman sue fitness chain F45 Training for $20,000,000". Metro.
  20. "F45 Files "Restated" Financials, Reports $372M Loss". Fiit Insider. 26 October 2023.
  21. Kufahl, Pamela (30 March 2023). "Mark Wahlberg Takes Larger Role in F45 Training, New CEO Named". Club Industry.
  22. "F45 Training to be delisted from the NYSE". Fitt Insider. 15 August 2023. Retrieved 15 August 2023.
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  24. Raphael, Rina (14 January 2020). "The gym of the future will be virtual, gamified, and totally immersive". Fast Company. Retrieved 10 February 2020.
  25. Rossi, Carina (23 November 2019). "The Body Transformation That Took Only 8 Weeks". POPSUGAR Fitness Australia. Retrieved 10 February 2020.
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  29. url=https://www.entrepreneur.com/franchises/directory/fastest-growing-ranking
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  31. url=https://www.canstarblue.com.au/stores-services/gyms/
  32. url=https://www.mensjournal.com/news/10-best-commercial-gyms-us-according-members
  33. url=https://fs8.com/?lang=
  34. url=https://viveactive.com.au/
  35. https://www.businesswire.com/news/home/20230621851525/en/
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