F45 Named Fastest-Growing Fitness Franchise by Entrepreneur

Rhea-AI Summary

F45 Training Holdings Inc. (NYSE: FXLV) has been recognized as one of the fastest-growing franchises by Entrepreneur in 2022, ranking #10 globally and #14 in North America, making it the top fitness franchisor. This accolade reflects F45's strong unit growth from July 31, 2020, to July 31, 2021, a period marked by challenges in the fitness industry due to the pandemic. CEO Adam Gilchrist stated that this recognition validated the team's hard work and commitment to franchisees and members, indicating confidence in maintaining robust growth.

Positive

• Ranked #10 globally and #14 in North America among fastest-growing franchises.
• Highest ranked fitness franchisor in the 2022 Entrepreneur report.
• Recognition underscores strong unit growth amid industry challenges.

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- F45 Training Holdings Inc. ("F45" or the "Company") (NYSE: FXLV) has been recognized as one of 2022’s fastest-growing franchises by Entrepreneur. The March issue presents the publication’s annual ranking of the Fastest-Growing Franchises, highlighting companies that saw the most significant unit growth worldwide. F45 Training was ranked #10 globally and #14 in North America, and is the highest ranked fitness franchisor in both instances.

“It is an incredible honor and achievement for F45 Training to be recognized as one of the fastest-growing franchises by Entrepreneur,” said Adam Gilchrist, President, CEO and Chairman of F45 Training. “This is a direct testament to the hard work and commitment that our team has dedicated toward our franchisees and our members. Our team has remained resilient despite the challenges facing the fitness industry amid the pandemic, and I’m confident that we will maintain our robust growth in the years to come."

The Fastest-Growing Franchises ranking is based on information submitted to Entrepreneur for its annual Franchise 500^®. This recognition represents F45’s continued effort to thoroughly understand and evaluate the ever-changing franchise marketplace. Franchise companies are ranked based on their net unit growth—including U.S. franchises, international franchises and company-owned units—from July 31, 2020 to July 31, 2021, with ties broken based on percentage growth.

"Growth is what franchising is all about," said Entrepreneur Senior Vice President of Franchising Liane Caruso. "Our 2022 Fastest-Growing Franchises ranking identifies the franchise brands with the greatest unit growth and underscores the industry's extraordinary momentum over the past year."

To view F45 in the full ranking, visit www.entrepreneur.com/franchises/fastestgrowing. Results can also be seen in the March 2022 issue of Entrepreneur, available on newsstands now.

About F45

F45 offers consumers functional 45-minute workouts that are effective, fun and community-driven. F45 utilizes proprietary technologies: a fitness programming algorithm and a patented technology-enabled delivery platform that leverages a rich content database of over 8,000 unique functional training movements across modalities to offer new workouts each day and provide a standardized experience across the Company’s global footprint.

For more information, please visit www.f45training.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220324005936/en/

F45 Media Contact

ICR Inc.

F45PR@icrinc.com

Source: F45 Training Holdings Inc.

FAQ

What is F45 Training's ranking in the 2022 Fastest-Growing Franchises?

F45 Training is ranked #10 globally and #14 in North America.

What factors contributed to F45 Training's Fastest-Growing Franchises recognition?

The ranking is based on significant net unit growth from July 31, 2020, to July 31, 2021.

Who is the CEO of F45 Training?

Adam Gilchrist is the President, CEO, and Chairman of F45 Training.

How does F45 Training deliver its workouts?

F45 offers community-driven 45-minute workouts utilizing proprietary technologies and a rich database of over 8,000 unique training movements.

What recognition did F45 Training receive from Entrepreneur in March 2022?

Entrepreneur recognized F45 Training as one of the fastest-growing franchises.