F45 Training vs Snap Fitness
F45 Training vs Snap Fitness: F45 Training costs $349K to $786K to open; Snap Fitness costs $431K to $1.1M. F45 Training has 753 units, Snap Fitness has 228. SBA loan history: F45 Training = 270 loans (5.6% default); Snap Fitness = 323 loans (8.4% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
F45 Training vs Snap Fitness: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
F45 Training requires the lower minimum capital commitment ($349K vs $431K for Snap Fitness), a 19% spread. Initial franchise fees come in at $60K for F45 Training versus $40K for Snap Fitness, Snap Fitness has the lower entry fee. Ongoing royalty load is 7% for F45 Training and 8% for Snap Fitness, giving F45 Training the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, F45 Training operates 753 units to Snap Fitness's 228, roughly 3× the system size. Snap Fitness has been operating 23 years (founded 2003) versus 13 for F45 Training (founded 2013), a 10-year tenure gap that affects unit-economics maturity and FDD revision history.
SBA Lending Profile
Snap Fitness has the deeper SBA lending track record, with 323 7(a) approvals compared with 270 for F45 Training. F45 Training's peak SBA year was 2020 (63 loans); Snap Fitness's peak was 2015 (29 loans). F45 Training's more recent peak generally indicates fresher lender appetite. F45 Training has the most SBA funded units in TX, with 42. Snap Fitness leads in MN, with 73. Borrowers should pick the brand whose strongest SBA state matches their own state for warmer lender introductions. Average SBA loan size on funded F45 Training deals is $281K vs $189K for Snap Fitness, useful as a sizing anchor when modeling your own unit.
Risk Signal
SBA default rates are 5.6% for F45 Training and 8.4% for Snap Fitness, F45 Training has the cleaner SBA loss record by 2.8 points. PeerSense FPI scores come in at 58 (Moderate) for F45 Training and 59 (Moderate) for Snap Fitness, giving Snap Fitness the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 58/100 | 59/100 |
Health Tier | Moderate | Moderate |
Confidence | N/A | N/A |
Lending Trend | Declining | Declining |
SBA Lending
SBA Loans | 270 | 323 |
SBA Volume | – | – |
Default Rate | 5.6% | 8.4% |
Peer Tier | major | major |
Investment & Costs
Total Investment | $349K to $786K | $431K to $1.1M |
Franchise Fee | $60K | $40K |
Royalty Rate | 7% | 8% |
Ad Fund | 2% | 3% |
Liquid Capital | $100K | $100K |
Net Worth Required | N/A | $250K |
Financial Performance (Item 19)
Item 19 Status | Disclosed | Disclosed |
System Size & Operations
Total Units | 753 | 228 |
Franchised Units | 751 | 228 |
Company Owned | 2 | – |
Term Length | 10 yrs | 10 yrs |
Brand Information
Year Founded | 2013 | 2003 |
Franchising Since | 2015 | 2004 |
Years Franchising | 11 yrs | 22 yrs |
Headquarters | Austin, TX | Woodbury, MN |
Category | Fitness | Fitness |
Website | ||
FDD Year | 2025 | 2025 |
Which Is Better, F45 Training or Snap Fitness?
Lower upfront capital required
F45 Training
F45 Training: $349K starting · Snap Fitness: $431K starting
More SBA lender confidence
Snap Fitness
F45 Training: 270 SBA loans · Snap Fitness: 323 SBA loans
Lower SBA default rate
F45 Training
F45 Training: 5.6% · Snap Fitness: 8.4%
Larger system & brand presence
F45 Training
F45 Training: 753 units · Snap Fitness: 228 units
Lower ongoing royalty load
F45 Training
F45 Training: 7% · Snap Fitness: 8%
More lender financing options
Snap Fitness
F45 Training: 95 unique lenders · Snap Fitness: 148 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
F45 Training vs Snap Fitness: Franchise Funding Comparison
Comparing F45 Training and Snap Fitness is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $349K to $1.1M.
F45 Training has 270 SBA loans on record and Snap Fitness has 323. Those totals are cumulative history rather than a measure of current appetite. Recent lending activity is trending down for at least one of these brands, so current lender appetite has to be checked deal by deal rather than assumed from the totals.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
F45 Training vs Snap Fitness, Frequently Asked Questions
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
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