Forging Fitness Investments - Liquidation

Forging Fitness Investments (trading as F45 Springfield), an Ipswich, Queensland-based F45 franchise, entered liquidation on 8 January. Cliff Sanderson of Dissolve was appointed liquidator and said that the company was locked into a long-term lease and the landlord wouldn’t reduce rent to accommodate the company.

F45 Springfield is the latest in a string of at least 20 F45 gyms to have reportedly shut down in the last 15 months, citing competition from rival gyms (including other F45 franchises), high rents and an unprofitable franchise model as the reasons behind their failure.