I'm starting to think sweaty high fives may be the answer to all life's problems.
Background: F45 is the Aussie gym that started back in 2011 in NSW. It's a pretty simple concept. Each workout is 45 minutes - mainly focusing on high-intensity interval training (HIIT) and sweaty high fives.
What happened: There are over 1,750 F45 gyms in 45 countries and they listed on the New York Stock Exchange last year. Now, F45 has reported its first earnings as a public company.
What else:
✅ Total revenue increased by 63%
✅ ✅ Adjusted EBITDA increased by 104%
✅ ✅ ✅ The plan is to open another 1,000 franchised gyms in 2022
💡 For a company that wants to grow globally… and grow fast... franchise models are often the quickest ways to get there. F45 HQ doesn’t need to worry about leasing a site, purchasing gym equipment or community management.
💡The franchise model means that F45 HQ provides standard procedures but they let the franchise owners do much of the hard work.
💡There are now over 1,000 franchisees who have bought the rights to open an F45 globally this year. So it’s no surprise that they’re now the #1 gym franchisor in the world.
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