F45's Franchisee Files for Bankruptcy: A Cautionary Tale for Brick and Mortar Businesses Mad Fitness Group LLC, a franchisee of popular fitness chain F45 Training, has filed for Chapter 11 bankruptcy.
This development is striking because it defies the prevailing narrative in the fitness sector, which had suggested a boom in gyms and spas.
Contrary to reports earlier this year, Mad Fitness's bankruptcy serves as a reminder that even those that appear to be bucking trends can ultimately fall victim to changing consumer habits and debt.