F45 Training vs The Swing Bays
Franchise Comparison 2026
Both F45 Training and The Swing Bays are recreation & entertainment franchises. F45 Training requires an investment of $362K – $858K while The Swing Bays requires $246K – $999K. In terms of revenue, The Swing Bays reports higher average unit revenue at $1.0M. Note: Company-owned outlets only - not franchisee performance; Based on a single reporting unit - not a system average. F45 Training has SBA lending data on file with a 6.2% charge-off rate. FranchiseVerdict rates F45 Training D (Below average) and The Swing Bays C (Average).
| Metric | F45 Training | The Swing Bays |
|---|---|---|
| Verdict Grade | DBelow averageBelow average | CAverageAverage |
| Investment Range | $362K – $858K | $246K – $999K |
| Franchise Fee | $60K | $40K |
| Royalty Rate | 7.0% | 6.0% |
| Average Revenue (Item 19) | $481K | $1.0MCompany-owned only · n=1 |
| SBA Charge-Off Rate | 6.2% (242 loans) | N/A |
| Total Units | 708 | 1 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2015 | 2024 |
| FDD Year | 2026 | 2025 |
Investment Range
$362K – $858K
$246K – $999K
Franchise Fee
$60K
$40K
Royalty Rate
7.0%
6.0%
Average Revenue (Item 19)
$481K
$1.0MCompany-owned only · n=1
SBA Charge-Off Rate
6.2% (242 loans)
N/A
Total Units
708
1
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2015
2024
FDD Year
2026
2025