Things took off when Deutsch brought Adam Gilchrist (not the cricketer) on board as a business partner.

“As a public company, I am confident that we will be able to accelerate … Mr Gilchrist bought Wategos House on Marine Parade, Byron Bay for a record-breaking $18.9 million. "In the current market circumstances, it was a very significant achievement for all concerned to get this deal away," Arnold Bloch Leibler’s lead commercial partner Jonathan Wenig said.Cara is the small business editor for The Age and The Sydney Morning Herald based in MelbourneAustralian fitness giant F45 to go public in US after mergerFounder Rob Deutsch stepped down as chief executive of F45 earlier this year. There are 50 new franchises every month and are based in 40 countries including the UK, Switzerland, India and Lebanon. The boss of fast-growing gym franchise F45 Adam Gilchrist has splashed out on a Byron Bay trophy home for $18.85 million, just weeks after Hollywood heavyweight Mark Wahlberg bought into the company.The off-market purchase has smashed the luxury holiday spot’s long-standing record high set in 2006 by the same property when it last traded for a bullish $15.68 million.The Wategos Beach property was sold by Danny Goldberg, the Vaucluse-based contemporary art collector and executive chairman of private equity firm Dakota Capital.Known as Wategos House, the colonial-style property was exchanged on a quick three-day settlement with no mortgage on title.When approached about the purchase, Gilchrist said it was set to be a holiday home for his family.

Rob Deutsch was best known as an equities trader when at the age of 27 he bought his first home, a one-bedroom apartment set a block back from the beach at Bondi for $600,000.But in the fallout from the global financial crisis he found himself redundant in 2012, so turned to setting up a gym with At the time Deutsch was yet to make any decent impression on property records, but that changed five years ago when he teamed up with his mate Adam Gilchrist (not the cricketer), rebadged the gym F45 and franchised the model.The Australian fitness franchise has grown exponentially since, with 1500 studios in 40 countries and financial buy in from Hollywood heart-throb Mark Wahlberg.Deutsch’s real estate portfolio has done well off the back of it.That one-bedder has been joined by four more luxury apartments in the same block, all bought in a company name, totalling more than $7.2 million, of which one was most recently purchased in August. In 2014, he co-founded F45 Training where he served as Co-chief executive officer. Living space looks out on the stunning Wategos BeachThe backyard has a swimming pool with shaded areas and room for sun loungers while the big kitchen has marble counter tops and wooden paneling.The Gilchrist family are no strangers to Wategos beach, as Mr Gilchrist's grandfather bought one of the first Marine Parade subdivisions 50 years ago. Adam Gilchrist bought beachfront Wategos House on 11 Marine Parade, Byron Bay, which boasts six-bedrooms, four bathrooms and a swimming pool.The colonial-style home broke Byron Bay's property sale record, which was previously held by the same home when it was sold in 2006 for $15.7 million.Mark Wahlberg recently became a stakeholder in the global gym franchise, which has 1500 training studios across 40 countries. "Last year F45 grew its revenue by 60 per cent year on year to $US93 million with an adjusted earnings before tax margin of 33 per cent.Mr Gilchrist said the average F45 member visited a studio 2.65 times per week indicating they were "incredibly loyal and extremely engaged".Franchisees were required to make an initial investment of $US315,000 fee and "modest franchise fees" of $US2500 a month, which he said enabled studios on average to break-even within six months.However, the returns for franchisees in the future may not be so lucrative, with Mr Gilchrist outlining plans for further growth that include moving to a revenue-based franchise fee model.Mr Gilchrist said F45 also planned to expand its membership through a juniors 'prodigy' program and seniors 'masters' program and develop ancillary products, including meals, supplements, clothing and heart rate monitors.Crescent raised $US250 million in an initial public offering in March 2019, which it will invest in the deal along with another $US50 million. The boss of F45 gyms has splashed out a record-breaking $18.9m beach pad after Mark Wahlberg invested in the company.

The companies were formed over a two year period with the most recent being incorporated two years ago in July of 2018. Adam Gilchrist, not to be confused with the former Australia national cricketer, is an entrepreneur with 20 years experience in franchising, marketing and product development.

The master bedroom has an ensuite bathroom with a verandah looking out at the ocean.

"He's a franchise expert and he saw what I was doing and said 'let's franchise this' and we did and it's been a pretty amazing ride," Deutsch says. Adam Gilchrist Overview Adam James Gilchrist is currently associated with two companies, according to public records. His first business was an e-payment service in Australia, which he later successfully sold to a public company. Adam J. Gilchrist’s role in F45 Training Pty Ltd is Co-Founder & Co-Chief Executive Officer What is Adam J. Gilchrist’s email address? Mr Gilchrist married his wife across the road from his new house at exclusive boutique retreat Rae’s on Wategos. 'Basically unliveable' terrace in a...Wildcat 'size of medium dog' spotted strolling through Cambridge'Inmates' heard screaming from inside Minsk 'torture house'Brazen thieves steal catalytic converter from car in 20 secondsSweat pours out from healthcare worker's hazmat suitShocking clip shows moment fight erupts on train in LondonThe adorable cat with four-inch legs who has gone viralMan is seriously injured after being shot by armed policeOmid Scobie discusses new Harry and Meghan book 'Finding Freedom'Lindsay Birbeck's teenage killer Rocky Marciano Price with bin'Disappointed' student believes she deserves three A's in resultsCCTV captures group fleeing police in Tyseley, BirminghamVladimir Putin announces Russia approved first ever Covid vaccine The beachfront property has six bedrooms, four bathrooms and a swimming poolWategos House has stunning beachfront views, wooden floors, open plan kitchen and a spacious living area that open up onto Wategos Beach.