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F45 gym franchisee with multiple locations files for Chapter 11 bankruptcy
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The Independent
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Read our Privacy noticeA popular gym franchisee that operates fitness studios across six states has filed for Chapter 11 bankruptcy.
Mad Fitness Group LLC, which runs venues in 31 locations including Atlanta and Baltimore, submitted the petition Sunday.
Mad Fitness is a franchisee of F45 Training, which runs studios across the United States and in 47 countries around the world.
Mad Fitness Group is a franchisee of F45 Training ( Google Street View )The bankruptcy announcement appears to buck the general trend for the fitness sector.