Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
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

Fitness First's Mike Balfour invests in a new 'high intensity' gym chain

One of the founders of Fitness First is investing in a new chain of American-inspired “high intensity” gym studios using the “pay as you train” business model.

Mike Balfour, the man who helped grow Fitness First into a worldwide franchise, is becoming a non-executive director and investor for One Rebel gyms.

One Rebel hopes to secure £2.7m from investors, to be spent on 10 to 20 gyms and allowing investors to exit after five years.

The “pay as you train” model will be adopted by One Rebel to compete in an industry where low-cost gyms, eschewing joining fees or monthly subscriptions, are becoming the norm.

The first club is expected to open in London this September and will include two or three studios for cycling and treadmill classes, plus either “hot yoga” or a “fight club”.

One Rebel will also draw inspiration from Orangetheory Fitness, brought to Britain by David Lloyd Leisure, which claims customers can burn 500 to 1,000 calories in a 60 minute work-out.

Zillah Byng-Maddick, formerly chief executive of Trader Media Group and finance director of Fitness First, will chair One Rebel.

James Balfour, Mike Balfour's son and former investment banker, will be chief executive and Giles Dean will play the role of operations director.

James previously co-founded the Jatomi Fitness chain with his father and ran its Asian operations.

Chancery Investment Partners are running the investment process.

The initial backers are spending £400,000 on a 60 per cent stake and investors will be able to buy shares through a Chancery investment programme in units of £25,000, which will amount to £2.3m: a 35 per cent stake.

Chancery will have the option of acquiring the remaining five per cent.

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One of the founders of Fitness First is investing in a new chain of American- inspired “high intensity” gym studios using the “pay as you train” business model.
HAF,PHR
334844_176533.jpg
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In addition to being one of the UK’s largest leisure management companies, Parkwood Leisure is also a health and fitness operator at scale, with 73 gyms and over 100,000 members. MD Glen Hall tells HCM how two major reviews in recent years have put the company on a new path
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Gyrotonic has continued to grow via word of mouth. I quickly had people from all sorts of backgrounds and all kinds of disabilities coming to me who the medical community couldn’t help. As I came across different people with different problems and limitations, I started to adapt the technique
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We have 14 rockstar instructors, all freelance but all working for us on an exclusive basis, and haven’t lost a single one of them since we opened. We pay them well – they can earn €100+ for a full class. But even more important than that, they all feel involved in the business
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News

Fitness First's Mike Balfour invests in a new 'high intensity' gym chain

One of the founders of Fitness First is investing in a new chain of American-inspired “high intensity” gym studios using the “pay as you train” business model.

Mike Balfour, the man who helped grow Fitness First into a worldwide franchise, is becoming a non-executive director and investor for One Rebel gyms.

One Rebel hopes to secure £2.7m from investors, to be spent on 10 to 20 gyms and allowing investors to exit after five years.

The “pay as you train” model will be adopted by One Rebel to compete in an industry where low-cost gyms, eschewing joining fees or monthly subscriptions, are becoming the norm.

The first club is expected to open in London this September and will include two or three studios for cycling and treadmill classes, plus either “hot yoga” or a “fight club”.

One Rebel will also draw inspiration from Orangetheory Fitness, brought to Britain by David Lloyd Leisure, which claims customers can burn 500 to 1,000 calories in a 60 minute work-out.

Zillah Byng-Maddick, formerly chief executive of Trader Media Group and finance director of Fitness First, will chair One Rebel.

James Balfour, Mike Balfour's son and former investment banker, will be chief executive and Giles Dean will play the role of operations director.

James previously co-founded the Jatomi Fitness chain with his father and ran its Asian operations.

Chancery Investment Partners are running the investment process.

The initial backers are spending £400,000 on a 60 per cent stake and investors will be able to buy shares through a Chancery investment programme in units of £25,000, which will amount to £2.3m: a 35 per cent stake.

Chancery will have the option of acquiring the remaining five per cent.

Sign up for FREE ezines & magazines
One of the founders of Fitness First is investing in a new chain of American- inspired “high intensity” gym studios using the “pay as you train” business model.
HAF,PHR
334844_176533.jpg

News

Rising workplace stress among employees has led companies to increase their investment in incentives as
David Lloyd Leisure is facing prosecution by Leeds Council over alleged health and safety breaches,
Taking part in regular aerobic exercise could decrease the likelihood of developing Alzheimer's disease in
A self-help studio marketing itself as a "first-of-its-kind self-development wellness space" will open in the
A report outlining membership habits and retention in the fitness sector will be released at
Xponential Fitness has signed a master franchise deal for its Club Pilates brand in Singapore,
MyZone
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HIIT specialist, Speedflex, is set to launch a new studio at Gateshead International Stadium in
The Bee Network initiative – a joined-up cycling and walking network in Greater Manchester –
Multi-brand wellness operator Evolution Wellness plans to launch new concepts and brands into the Asian
Four in five (81 per cent) disabled people want to be more physically active –
Women-only kickboxing franchise 30 Minute Hit plans to open 50 new sites internationally during 2020.
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A study has suggested that listening to high-tempo music could increase the benefits of exercise
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Features
IHRSA Update
Kristen Walsh takes a look inside IHRSA’s latest Profiles of Success report
Features
Design
Third Space sold its boutique brand, Another Space, and launched its sixth full-service club in the space of a few weeks, signalling its intention to consoldidate its position at the top end of the market
Features
feature
HCM talks to Fraser Smith about founding his studio and why he picked miha bodytec as his supplier and EMS training for his USP
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Abbeycroft Leisure - Inspiring better health and wellbeing for Suffolk communities
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feature
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Duncan Jefford

Regional Director, Everyone Active
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Years of studying the greats – Michael Jordan, Kobe Bryant, Albert Einstein, Steve Jobs – combined with my own life lessons – led to the Awakn 7 pillars process and my goal to Awakn London
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Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Speedflex enters new partnership with Gateshead Council
HIIT specialist, Speedflex, is set to launch a new studio at Gateshead International Stadium in partnership with Gateshead Council.
Featured supplier news
Featured supplier: FORA works with Power Plate to raise awareness of sitting disease through movement and vibration
With office workers spending over eight hours per day sitting at their desks, and one in six affected by mental health issues every year, it is no surprise that businesses are looking to introduce ‘wellness’ to the workplace
Opinion
promotion
Gyms need to look at ways to deploy technology that helps them engage with customers on a human level. This can be done by encouraging customers to leave as much real-time feedback as possible
Opinion: Customer Feedback: the Good, the Bad and the ‘Could be Improved’ Why health clubs need to take action in 2020 to retain their New Year customers
Video Gallery
How to use the MZ-Bodyscan
MyZone
The Best Product for the Best Clubs Read more
More videos:
Company profiles
Company profile: Premier Software Solutions Ltd
Premier Software was founded in 1994 and has proven experience developing business management solutions specifically ...
Company profiles
Company profile: MoveGB
Move is the fitness marketplace connecting our partners with customers through the largest variety of ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Management software
Fisikal: Management software
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Audio visual
Hutchison Technologies: Audio visual
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Locking solutions
Monster Padlocks: Locking solutions
Fitness software
Go Do.Fitness: Fitness software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Property & Tenders
Derby City Council
Property & Tenders
Diary dates
20 Feb 2020
The Old Truman Brewery, London, United Kingdom
Diary dates
06-07 Mar 2020
Palazzo del Ghiaccio, Milan, Italy
Diary dates
23-25 Mar 2020
Hilton, Barcelona, Spain
Diary dates
25 Mar 2020
Executive Boardroom, Middlesex University, London, United Kingdom
Diary dates
25-26 Mar 2020
Eastwood Hall, Nottingham, United Kingdom
Diary dates
26-29 Mar 2020
The Winter Gardens Blackpool, Blackpool , United Kingdom
Diary dates
27-29 Mar 2020
TeatroGoya Multiespacio, Madrid, Spain
Diary dates
19-24 Apr 2020
tbc, Beijing, China
Diary dates
04 Jun 2020
Marriott Forest of Arden Hotel & Country Club, Birmingham, United Kingdom
Diary dates
13 Jun 2020
Worldwide, Various,
Diary dates
17-18 Jun 2020
ExCeL London, London, United Kingdom
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
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Diary dates
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Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab