MindbodyMindbody
Mandatorycabling, and sound and surveillance equipment we require for the operation of the Studio. All bookings and sales for your Studio must be completed online. We require that you use MindBody as your poin
From the filings
HQ-led decisions
F45 Training
FitnessSoftware purchasing at F45 Training runs through headquarters: Item 11 requires every studio to run MindBody as its point of sale, and Item 8's approved-supplier list covers the computer hardware and software behind it. The system spans 708 total studios, 707 of them franchised, at a 7% royalty on a 10-year term.
For software vendors selling into US franchise brands.
Live signals
Total units
708
706 franchised
Unit growth YoY
-5.992%
vs prior filing
AUV
$481K
Item 19, 2026
Royalty
7%
of gross sales
Ad fund
2%
national + local
Initial fee
$60K
per unit
Investment range
$362K–$858K
all-in, Item 7
Procurement
Approved supplier
from the filing
Non-compete
2 years
from the filing
Item 19
Claims
from the filing
Ongoing fee load
What the operator pays every month
The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.
9%of gross sales (FY2026)
15% reference
Mandated & recommended tech
The systems vendors compete with
1 of these are mandated in the franchise agreement. Each is named in Item 11 of the filing, the incumbents a challenger must displace or integrate with.
FacebookMeta
a Accounts we require have the number of followers, “likes,” or similar designations that we require. We may establish, on your behalf, social media accounts for the Studio (e.g., Facebook and Instagr
InstagramMeta
require have the number of followers, “likes,” or similar designations that we require. We may establish, on your behalf, social media accounts for the Studio (e.g., Facebook and Instagram) (“Social M
Franchisor behaviours
What the franchisor requires
30 requirements the franchisor states in this filing, each in its own words; 4 questions the text does not settle, which is not a no.
Accounting
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesItem 11
Among other things, we may require you to install and maintain systems that permit us to independently access and retrieve electronically any information stored in your computer systems, including, without limitation, information concerning Gross Sales, at the times and in the manner that we require.
Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?
YesFranchise agreement
Franchisee will, at Franchisee’s expense, submit to Franchisor, in the form prescribed by Franchisor, Franchisee’s monthly balance sheet and profit and loss statement (which may be unaudited) within twenty (20) days after the end of each month during the Term hereof.
How the franchisor buys
Is the franchisor or an affiliate itself a supplier of required products, services or systems?
YesItem 8
Currently, we are the only approved supplier for our proprietary Equipment Pack, and, as a result, you must purchase the Equipment Pack from us, which includes F45 TV dongles, TVs, sound system and exercise equipment.
Is there a franchisee advisory council, association or committee?
YesItem 11
As of December 31, 2024 we have a North America Franchise Advisory Committee (“FAC”).
Does the franchisor reserve the right to change designated suppliers or systems at any time?
YesItem 8
We may change the number of approved suppliers at any time and may designate ourselves, an affiliate, or a third party as the exclusive source for any particular item.
How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?
2377449.29Item 8
For our fiscal year ended December 31, 2025, we received $2,377,449.29, which was 6% of our total revenue of $41,943,017, as a result of required franchisee purchases from us.
Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?
YesItem 8
We may receive rebates from approved or designated sources based on your purchases from these sources.
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
80Item 8
We estimate that your required purchases and leases will represent 80% of all purchases and leases required for the ongoing operation of your Franchise Business.
Does the franchisor charge a fee to evaluate a proposed supplier?
YesItem 8
You must reimburse us for the costs that we incur in the supplier approval process.
Can a franchisee propose a new supplier for the franchisor's approval?
YesItem 8
If we require that an item be purchased from an approved supplier and you wish to purchase it from a supplier we have not approved, you must submit to us a written request for approval.
Communications
Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?
YesFranchise agreement
At Franchisor’s option, assign to Franchisor all rights to the telephone numbers of the Franchise Business and any related business listings and execute all forms and documents required by Franchisor and any telephone company at any time to transfer such service and numbers to Franchisor.
Data and IT
Must the franchisee comply with PCI, data-security or cybersecurity standards set by the franchisor?
YesFranchise agreement
Franchisee agrees that it will cause its Franchise Business to meet or exceed, at all times, all applicable security standards developed by the Payment Card Industry Data Security Standards council, or its successor, and other regulations and industry standards applicable to the protection of customer privacy and…
Franchise management
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesItem 11
Conduct periodic evaluations of your operations.
Can the franchisor change the operations manual and brand standards unilaterally?
YesFranchise agreement
Franchisor has the right to add to or modify the Manuals from time to time to, among other reasons, change operating procedures, maintain the goodwill associated with the Marks, and enable the System to remain competitive.
Must the franchisor approve the franchisee's site or location before opening?
YesItem 11
You cannot place a Studio at a site we have not first accepted in writing.
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesFranchise agreement
Franchisee will not seek to establish any other social media account, Website, blog, channel, or any other ecommerce site or account in connection with the Franchise Business, without Franchisor’s prior written consent.
Is a minimum grand opening advertising spend required?
YesItem 11
You must spend at least $25,000 on grand opening promotions conducted in accordance with the requirements determined by us.
Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?
YesItem 11
You must pay us at least $2,500 per month for local marketing for your Franchise Business.
Must the franchisee participate in a customer loyalty or rewards program?
YesItem 11
You must participate in, and comply with the requirements of, any gift card, gift certificate, customer loyalty or retention, or special promotional program that we implement for all or part of the F45 franchise system
Must the franchisee participate in a regional advertising cooperative when one exists?
YesItem 11
If a Co-op is established for an area that includes your Protected Area, you must become a member of the Co-op and participate in the Co-op by contributing the amounts required by the Co-op’s governing documents.
Operations
Must the franchisee buy products from a designated distributor?
YesItem 8
If we have approved suppliers (including manufacturers, distributors, and other sources) for any supplies, materials, fixtures, furnishings, equipment (including computer hardware and software), services, and other products used or offered for sale in connection with the Franchise Business, you must obtain these…
Must equipment be purchased from designated or approved suppliers?
YesItem 8
Currently, we are the only approved supplier for our proprietary Equipment Pack, and, as a result, you must purchase the Equipment Pack from us, which includes F45 TV dongles, TVs, sound system and exercise equipment.
Payments
Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?
YesFranchise agreement
At Franchisor’s request, Franchisee must execute Attachment C to this Agreement and all other documents necessary to permit Franchisor to withdraw funds from Franchisee’s designated bank account by EFT in the amount of the fees set forth in this Agreement, including the Summary Addendum, at the time such amounts…
Must the franchisee participate in a gift card program?
YesFranchise agreement
Franchisee must participate in, and comply with the requirements of, any gift card, gift certificate, customer loyalty or retention, or special promotional program that Franchisor implements for all or part of the F45 franchise system
People
Does the franchisor require minimum staffing levels or specific roles?
YesItem 15
You must designate and retain at all times during the term of the Franchise Agreement at least one Studio Manager to coordinate and manage the day-to-day operations of the Studio.
Must employees wear uniforms specified by the franchisor?
YesItem 1
color scheme, and furnishings; uniform standards, specifications, policies, and procedures for operations; quality and uniformity of the products and services offered; procedures for inventory, management, and financial control; training and assistance; advertising and promotional programs; and other standards…
Point of sale
Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?
YesItem 11
We require that you use MindBody as your point of sale, or other approved supplier that we may identify from time to time.
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 11
Among other things, we may require you to install and maintain systems that permit us to independently access and retrieve electronically any information stored in your computer systems, including, without limitation, information concerning Gross Sales, at the times and in the manner that we require.
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 11
Your Key Person, General Manager, if applicable, and Studio Manager, and any other personnel we designate, must attend and complete any additional training and meetings or conferences that we may from time to time require, and you must pay us or third parties all fees assessed in connection with such training…
Is attendance at an annual convention or conference mandatory for the franchisee?
YesItem 11
Your Key Person, General Manager, if applicable, and Studio Manager, and any other personnel we designate, must attend and complete any additional training and meetings or conferences that we may from time to time require
Who buys here
The buyer at this brand
The decision-maker a vendor sells to at this scale, and the gaps they’re paid to close, derived from our data by segment and unit count, not a guess.
HQ committee: CEO/President + VP Ops + IT/CIO + Franchise + procurement involved.
VP SalesHead of SalesCROSales Director
- 78.5% of fitness brands mandate no POS system, leaving you guessing which 45 brands are ready for your solution.Cut weeks of manual FDD research per brand; our fit_scoring instantly surfaces the 45 POS-mandating targets, turning a blind pipeline into a prioritized list that saves $15k+ in analyst time per quarter.
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The vendor opportunity at F45 Training
F45 Training runs 708 total studios — 707 franchised and 2 company-owned — headquartered in Texas as part of F45 Training Holdings, doing business as Fit House of Brands. Item 19 sets a financial performance figure of $480,832 for the cohort of 676 franchised F45 Studios open and operating at least 12 months as of February 28, 2026, out of 698 total franchised studios in the US. The royalty runs 7% of sales on a 10-year initial term, and franchised outlets fell 5.9% year over year.
Who controls software purchasing
Item 2 names Thomas Dowd as Director and CEO, Luke Armstrong as Chief Revenue Officer, Patrick Grosso as Chief Legal Officer and Chief Financial Officer, Wade Baze as Chief Accounting Officer, and Ryan Mayes as Chief Operating Officer. Below headquarters, 6 mapped operators run roughly 6 located studios, concentrated in Alabama (4) and Alaska (1) — too small a base to shift software decisions away from HQ.
Tech named in the FDD, and what is actually required
Item 11 requires franchisees to use MindBody as their point of sale, or another approved supplier the franchisor identifies, and to install, maintain, and upgrade the computer hardware, software, and telecommunications systems the franchisor requires. Required computer equipment currently includes an Apple MacBook Air, an Apple iPad, a high-speed internet router, and the components to operate F45 TV. Facebook and Instagram are named in the filing under Item 11. Franchisees may also be required to sign software license agreements for software the franchisor develops or acquires.
Procurement, renewals, and timing
Item 8 runs on an approved-supplier list: the Equipment Pack (F45 TV dongles, TVs, sound system, exercise equipment) must be purchased from the franchisor, at least $1,500 of merchandise every three months is required, and LionHeart Bands, AEDs, and F45 Body Scanners must come from the franchisor, its affiliates, or a required supplier; franchisees may propose alternate suppliers for approval. The initial term is 10 years, with renewal available to franchisees who sign the then-current agreement, pay a renewal fee, and meet compliance and training conditions.
How to read the F45 Training FDD
The embedded PDF viewer below holds F45 Training's 2026 Franchise Disclosure Document, covering the Item 8, 11, 17, and 19 language cited above. Talk to FranCloud for a ranked list of franchise systems that fit your product better than a cold guess would.
Questions vendors ask
F45 Training, answered from the filing
HQ. Director and CEO Thomas Dowd and Chief Revenue Officer Luke Armstrong, named in Item 2, sit over a system where MindBody is required as the point-of-sale platform and other computer hardware and software must come from approved suppliers.
MindBody is mandated as the point of sale under Item 11, unless the franchisor identifies another approved supplier. Required computer equipment currently includes an Apple MacBook Air, an Apple iPad, and the components to operate F45 TV. Facebook and Instagram are named in the filing under Item 11.
708 total studios — 707 franchised and 2 company-owned — in the fitness segment.
An approved-supplier list under Item 8: the Equipment Pack, System Merchandise (at least $1,500 every three months), LionHeart Bands, AEDs, and F45 Body Scanners must come from the franchisor or its designated suppliers; franchisees may propose alternate suppliers for approval.
The initial term runs 10 years, with renewal available for franchisees who sign the then-current agreement, pay a renewal fee, and meet compliance and training conditions. Franchised outlets fell 5.9% year over year, a maturing rather than expanding system.
The embedded PDF viewer below holds F45 Training's 2026 Franchise Disclosure Document, covering the Item 8, 11, 17, and 19 language cited above.
Source
Read the filing itself
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FDD alert
Tell me when this brand refiles.
We’ll email you the moment F45 Training files a new annual FDD, usually the freshest signal of a vendor change.
Operator footprint
Who runs the locations
6 operators run 6 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Single-unit6
Top states by locations
| AL | 4 |
|---|---|
| AK | 1 |
Ownership
The portfolio behind F45 Training
unknown of f45 training holdings inc dba fit house of brands.
Related Fitness brands
Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.