Nautilus / Core Health & Fitness
Nautilus / Core Health & Fitness
Nautilus / Core Health & Fitness
Health Club Management

Health Club Management

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Health Club Management

Health Club Management

News

Crunch Fitness franchisee secures growth funding – targets 50 clubs in the northeast of US

Fitness Holdings Northeast (FHN), one of the largest franchisees in the Crunch Fitness network, has secured growth investment from private equity group Synergy Capital.

The investment will fuel FHN's plans to launch and operate a 50-club network of Crunch gyms across the northeastern US.

It currently operates 18 locations in the region and is set to open four more locations in 2019.

According to Bob Cooke, FHN chief executive, the funding will enable the company to expand not only regionally, but also nationally through a mix of acquisitions and new developments.

"In seeking a partner, I wanted to find someone who shares FHN's ambition of becoming the largest franchise group in the country with at least 50 clubs in its name," Cooke said.

"It was apparent during talks with Synergy that they indeed share this vision. Our alignment in culture and values will make for a long-term, fruitful partnership."

Headquartered in New York City, Crunch Fitness opened its first site in 1989 and has since grown steadily and now has more than 300 gyms across five countries.

FHN's growth plans are in line with the larger plans to grow Crunch into one of the leading gym groups in the US.

Last month, Crunch CEO Keith Worts said the company expects to open "somewhere between 60 to 100 locations a year over the next five to 10 years".

Sign up for FREE ezines & magazines
Fitness Holdings Northeast (FHN), one of the largest franchisee groups in the Crunch Fitness network, has secured a "growth-oriented investment" from private equity group Synergy Capital.
HAF,FIT,IND,PTS
imagesX/THUMB341578_769098_780403.jpg
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News

Crunch Fitness franchisee secures growth funding – targets 50 clubs in the northeast of US

Fitness Holdings Northeast (FHN), one of the largest franchisees in the Crunch Fitness network, has secured growth investment from private equity group Synergy Capital.

The investment will fuel FHN's plans to launch and operate a 50-club network of Crunch gyms across the northeastern US.

It currently operates 18 locations in the region and is set to open four more locations in 2019.

According to Bob Cooke, FHN chief executive, the funding will enable the company to expand not only regionally, but also nationally through a mix of acquisitions and new developments.

"In seeking a partner, I wanted to find someone who shares FHN's ambition of becoming the largest franchise group in the country with at least 50 clubs in its name," Cooke said.

"It was apparent during talks with Synergy that they indeed share this vision. Our alignment in culture and values will make for a long-term, fruitful partnership."

Headquartered in New York City, Crunch Fitness opened its first site in 1989 and has since grown steadily and now has more than 300 gyms across five countries.

FHN's growth plans are in line with the larger plans to grow Crunch into one of the leading gym groups in the US.

Last month, Crunch CEO Keith Worts said the company expects to open "somewhere between 60 to 100 locations a year over the next five to 10 years".

Sign up for FREE ezines & magazines
Fitness Holdings Northeast (FHN), one of the largest franchisee groups in the Crunch Fitness network, has secured a "growth-oriented investment" from private equity group Synergy Capital.
HAF,FIT,IND,PTS
imagesX/THUMB341578_769098_780403.jpg

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1 - 15 of 10,997
Features
Strength training
You may be able to help your members and customers avoid or reverse osteoporosis by encouraging weight bearing activities, as Liz Terry reports
Features
Member payments
It’s essential for clubs that the payment process is as easy to use as possible. HCM caught up with some of the leading member payment services to find out how they’re helping clubs
Features
ukactive
Following the ActiveLab Live! finale at the recent Active Uprising conference, we take a look at startups that are using technology to help people become healthier and more active
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Asia
Over 300 fitness executives gathered in Singapore recently for the World Fit Summit. HCM’s Steph Eaves attended to chat with CEO and founder Ross Campbell and find out more about the industry in Asia
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Flooring
With the increase in popularity of functional training, the floor is increasingly becoming a piece of equipment in itself. Kath Hudson investigates
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Are you optimising HIIT for your members, or are they put off by the pain? Abigail Harris looks at research into ways to better support members towards a positive outcome
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There’s no one thing that will fix your member retention, but clarity of mission, a strong culture and an eye for data will drive significant change. Kate Cracknell reports from this year’s Retention Convention
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The fitness market in Europe is entering a new phase of growth according to the European Health & Fitness Market Report 2019 by EuropeActive and Deloitte. HCM reports
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Much of the fitness industry branding is based on a no pain, no gain philosophy, but we didn’t want to present Rabble like that, even though a session is ridiculously tiring!
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Promotional Feature
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EMS training is a great opportunity to differentiate your offering in a crowded fitness market. The kit requires very little space and the business model can be extremely lucrative - Phil Horton, miha bodytec
Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Collaboration, not aggregation, is the message
MoveGB is a collaboration-based platform, but being a platform, one of the common worries we hear from our partners is about loss of customer ownership.
Featured supplier news
Featured supplier: Myzone vs. wrist trackers
According to ACSM’s Health and Fitness Journal, wearables trumped the top spot for trends in 2019. However, the question between Myzone or wrist trackers still stands.
Opinion
promotion
Member retention is a growing problem for long-established gym chains, who are battling the growing budget and boutique gym market.
Opinion: Are you trying to beat budget gyms at their own game?
Video Gallery
Harlands Group Overview
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An overview of the Harlands Group, the membership management experts. Read more
More videos:
Company profiles
Company profile: MiE FitQuest
FitQuest (MiE Medical Research) are specialists in the field of human performance measurement. We have ...
Company profiles
Company profile: Ecore
Ecore transforms reclaimed materials into unique performance surfaces that make people’s lives better. Ecore has ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Fitness equipment
Dyaco International: Fitness equipment
Direct debit solutions
Harlands Group: Direct debit solutions
Trade associations
International SPA Association - iSPA: Trade associations
Member access schemes
Move GB: Member access schemes
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Management software
GymSales: Management software
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Architects/designers
Zynk Design Consultants: Architects/designers
Skincare
Comfort Zone - Davines S.p.A: Skincare
Exercise equipment
Eleiko Sport AB: Exercise equipment
Property & Tenders
Diary dates
23-25 Jul 2019
Melbourne Convention and Exhibition Centre, Melbourne, Australia
Diary dates
05-06 Sep 2019
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Diary dates
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Nautilus / Core Health & Fitness
Nautilus / Core Health & Fitness