This Baltimore Fitness Group Just Closed Half Its F45 Gyms and Filed for Bankruptcy
This Baltimore Fitness Group Just Closed Half Its F45 Gyms and Filed for Bankruptcy
The bankruptcy filing details a costly error that set the company back.
BY SARAH BREGEL, FREELANCE WRITER
F45 gym in Austin, Texas. Photo: Getty Images
Mad Fitness Group, a leading franchisee of F45 Fitness studios headquartered in the Baltimore area, has filed for bankruptcy amid a flurry of closings. The Pikesville, Maryland-based franchisee, managed by David Hurwitz and Mark Neumann, owns 31 training studios that offer high-intensity 45-minute circuit classes. The fitness model, which began in Australia, first opened in the U.S. in 2015, and gained a cult-like following in the following years.
Mad Fitness has facilities in six states, including Maryland, Georgia, Kansas, Florida,........
