- F45 is the leading boutique fitness brand in a $21 billion market, growing at a CAGR of 24.5% through 2025.
- With a franchising model, F45 is focusing on growing AUVs to maximize royalty payments, alongside growing its recurring revenue streams.
- The only real risk is that it is not yet profitable. However, with its current strategy of growing its top line and reducing its operating costs, profitability is near.
- For now, I feel more comfortable issuing a HOLD rating, until we see profitability trend positively.
For further details see:
F45 Training: Leading The Disruptive Boutique Fitness Industry But Needs Time To Improve