AUSTIN, Texas – (BUSINESS WIRE) – January 7, 2022–
F45 Training Holdings Inc. (“F45” or the “Company”) (NYSE: FXLV), the world’s fastest growing fitness franchisor according to Contractor, was recognized as one of the top 500 franchises in Contractor ‘s Franchise 500®, the first, best and most comprehensive franchise ranking in the world. The 43rd annual Contractor Franchise 500® is a much sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the Franchise 500® 2022 ranks the F45 formation 42nd for its outstanding performance in areas such as unit growth, financial strength and stability and brand power, and as the top ranked boutique fitness brand.
“It is an honor to be recognized in 2022 Contractor Franchise 500 ranking and an even more rewarding accomplishment to be the highest ranked boutique fitness brand on the list, ”said Adam Gilchrist, President, CEO and President of F45 Training. “I am especially proud of all of the hard work the F45 training team has provided for our business, and I am continually grateful to the staunchly loyal community of franchisees and F45 members who have helped us achieve this accomplishment.”
In Contractor Continuing efforts to better understand and assess the evolving franchise market, the company’s 43-year-old ranking formula also continues to evolve. The editorial team researches and assesses several factors that go into the assessment, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is assigned a cumulative score based on an analysis of over 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in order of ranking.
“The past year has been one of the most difficult for companies in recent memory, making building our 43rd annual Franchise 500 list more illuminating than ever,” said Contractor Editor-in-chief Jason Feifer. “The companies named to this year’s list have shown us how resilient, supportive and agile can help overcome extraordinary challenges and also underscore the courage and innovation that define entrepreneurship. “
During its 43 years of existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. F45 Training’s position in the rankings is testament to its strength as a franchise opportunity.
To see F45 Training in the full ranking, visit https://www.entrepreneur.com/franchise500. The results can also be seen in the January / February 2022 issue of Contractor, available on newsstands January 11.
F45 offers consumers 45-minute functional workouts that are effective, fun, and community-focused. F45 uses proprietary technologies: a fitness programming algorithm and a patented technology-based streaming platform that operates a rich content database of over 8,000 unique functional workout movements in all modalities to deliver new workouts every day and deliver 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/20220107005493/en/
CONTACT: F45 Media contact
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER MOBILE / WIRELESS CONSUMER FITNESS AND NUTRITION OTHER AUDIO / VIDEO TECHNOLOGY CONSUMER HEALTH GENERAL HEALTH ELECTRONIC CONSUMER
SOURCE: F45 Training Holdings Inc.
Copyright Business Wire 2022.
PUB: 07/01/2022 4:11 PM / DISC: 07/01/2022 4:12 PM