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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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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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There is no escaping the fact that we are operating in extraordinary times. Our physical health clubs, gyms and studios are closed and we’re trying to keep our membership engaged, fit and healthy via online and digital training.
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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

News

Planning approval has been granted for a new David Lloyd Club in Bicester, Oxfordshire. The
Aerobic exercise boosts blood flow into two key regions of the brain associated with memory,
Gympass has launched a new digital platform as a response to the increase in demand
Austrian medical health and wellness operator, Lanserhof, has launched a programme for people who’ve had
HCM can report that Europe Active's annual thought-leader conference, the European Health and Fitness Forum
The number of people signing up for memberships at Planet Fitness has been at 2019
Focus Training
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Innovatise, the company behind myFitApp, today announced the immediate availability of its customer-branded live-streaming solution.
Gyms in England could be open in July if lobbying by the fitness industry comes
A survey by Savanta ComRes, in partnership with Sport England, has studied the impact of
Gyms and health clubs in the US have begun reopening their doors, with a number
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Independent gym owners in Ohio have filed a lawsuit against state officials, challenging the decision
OYO Fitness is looking to benefit from the rapid growth in people looking for at-home
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Glenn Earlam, CEO of David Lloyd Leisure (DLL), says the operator is reopening 26 of
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SIBEC
SIBEC
1 - 15 of 11,426
Features
Coronavirus
Shape announced a recruitment drive for 200 new rock star instructors, with the expectation their class participants would follow them across
Features
HCM research
The good news? People are changing their exercise habits in lockdown, becoming more active and spending more time exercising with their children, according to new research
Features
Coronavirus
The coronavirus pandemic has inspired a huge pivot to digital right across the industry, from sole traders to large chains and trusts. Kath Hudson looks at some of the offerings pulled together in lightning fast time to keep members active and sane
Features
Coronavirus
As the sector looks into the void of the COVID-19 lockdown and its aftermath, Duncan Wood-Allum presents a blueprint for a positive future
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feature
Matrix Connected Solutions helps Roko deliver a digital member experience beyond the four walls of the clubs
Features
Innovation
With members stuck at home, now’s the perfect time to plan some cost-effective upgrades to your clubs. Suppliers explain how a flooring refresh could help attract members back in-club as the pandemic eases
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Dr Jonathan Leary

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Remedy Place teaches people how to take care of themselves and gives them the tools they need to be holistically healthy
People
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I saw the need to create a bespoke, female-specific and results-driven boutique offering that was on-trend as well as being sexy and backed by exercise science when it came to getting results
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Job search
POST YOUR JOB
Opinion
promotion
Elon Musk has plans to conquer Mars and these days the meat on your hamburger can be grown in a lab - so why are so many fitness businesses still using papers and pens to create workouts for their members?
Opinion: How the current pandemic may be helping the fitness industry to innovate
Opinion
promotion
The activity industry finds itself in a position of considerable threat. Two-thirds of the world’s gyms are closed – that’s 230 million members unable to attend a fitness facility, according to data platform fitNdata.
Opinion: Ensuring members return after lockdown
Featured supplier news
Featured supplier: Bicester hotel opens purpose-built performance facilities to attract new target audience
The Bicester Hotel and Spa has launched purpose-built fitness and performance facilities to create a standalone, unique offering to attract a new demographic to the site.
Featured supplier news
Featured supplier: What’s your Covid-19 exit strategy? How will you use this time to relaunch your business to thrive, not just survive
There is no escaping the fact that we are operating in extraordinary times. Our physical health clubs, gyms and studios are closed and we’re trying to keep our membership engaged, fit and healthy via online and digital training.
Video Gallery
How to use the MZ-Bodyscan
MyZone
The Best Product for the Best Clubs Read more
More videos:
Company profiles
Company profile: EMD UK
EMD UK is the national governing body for group exercise. Funded by Sport England, EMD ...
Company profiles
Company profile: MiE FitQuest
FitQuest (MiE Medical Research) are specialists in the field of human performance measurement. We have ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Design consultants
Zynk Design Consultants: Design consultants
Management software
Fisikal: Management software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Skincare
Comfort Zone - Davines S.p.A: Skincare
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Locking solutions
Monster Padlocks: Locking solutions
Lockers/interior design
Fitlockers: Lockers/interior design
Wearable technology solutions
MyZone: Wearable technology solutions
Fitness Software
FunXtion International BV: Fitness Software
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Property & Tenders
Greywell, Hampshire
Barnsgrove Health and Wellness Club
Property & Tenders
Derby City Council
Property & Tenders
Diary dates
04 Jun 2020
Marriott Forest of Arden Hotel & Country Club, Birmingham, United Kingdom
Diary dates
13 Jun 2020
Worldwide, Various,
Diary dates
06-07 Jul 2020
Eastwood Hall, Nottingham, United Kingdom
Diary dates
28-31 Aug 2020
Expo Centre & Riviera di Rimini, Italy
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
11-12 Oct 2020
ExCeL London, London, United Kingdom
Diary dates
17-23 Oct 2020
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Diary dates
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Messe Stuttgart, Germany
Diary dates
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Diary dates
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