Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Health Club Management

Health Club Management

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Health Club Management

Health Club Management

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Planet Fitness to begin operations in Australia

Franchised operator Planet Fitness has unveiled plans to expand its footprint into Australia.

The first sites will be located in Tuggerah and Gosford in the Central Coast of New South Wales, while a location in Casula is expected to open in 2020.

The openings will be part of an area development deal signed with Bravo Fit Holdings, which will see a minimum of 35 Planet Fitness locations being launched in Australia.

Bravo Fit is a joint venture set up by two existing US franchisees – Bravo Fit and PF Growth Partners – in partnership with Galactic Fitness, a company owned and operated by Dallas Rosekelly, a leading Australian fitness operator.

"We are excited to announce our plans to expand the Planet Fitness brand into Australia," said Ray Miolla, chief development officer at Planet Fitness.

"Australia represents a unique opportunity to grow in a market that combines a favourable operational environment, consumer affinity for US brands, a desirable competitive landscape and an opportunity to develop a large fleet of clubs."

The move coincided with Planet Fitness reporting its financial results for the third quarter, ending 30 September 2019.

The figures show that total revenue increased by 22.1 per cent to US$166.8m, when compared to the same period in 2018, while net income increased 45.0 per cent to US$29.7m.

Adjusted EBITDA increased 22.2 per cent to US$65.7m (up from US$53.8m in 2018).

"We delivered another quarter of very solid results," stated Chris Rondeau, CEO.

"High-single digit system-wide same store sales, combined with accelerated new store openings and our franchisees' continued commitment to re-equip their existing clubs with new equipment, fueled a 22 per cent increase in total revenue.

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People often assume that those who pay more stay longer, but we don’t see this. What we see is that if you have PT you stay longer because you use more, not because you pay more
People
We’re trying to help people understand exactly how much effort they need to apply in order to get the best outcome, so they can do it over a long period of time and not burn out. The overall training effect is then much better
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We became the first boutique fitness brand in all of Southeast Asia to ever raise venture capital backing. This was positive for the industry as it signalled that the industry had growth potential
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News

Planet Fitness to begin operations in Australia

Franchised operator Planet Fitness has unveiled plans to expand its footprint into Australia.

The first sites will be located in Tuggerah and Gosford in the Central Coast of New South Wales, while a location in Casula is expected to open in 2020.

The openings will be part of an area development deal signed with Bravo Fit Holdings, which will see a minimum of 35 Planet Fitness locations being launched in Australia.

Bravo Fit is a joint venture set up by two existing US franchisees – Bravo Fit and PF Growth Partners – in partnership with Galactic Fitness, a company owned and operated by Dallas Rosekelly, a leading Australian fitness operator.

"We are excited to announce our plans to expand the Planet Fitness brand into Australia," said Ray Miolla, chief development officer at Planet Fitness.

"Australia represents a unique opportunity to grow in a market that combines a favourable operational environment, consumer affinity for US brands, a desirable competitive landscape and an opportunity to develop a large fleet of clubs."

The move coincided with Planet Fitness reporting its financial results for the third quarter, ending 30 September 2019.

The figures show that total revenue increased by 22.1 per cent to US$166.8m, when compared to the same period in 2018, while net income increased 45.0 per cent to US$29.7m.

Adjusted EBITDA increased 22.2 per cent to US$65.7m (up from US$53.8m in 2018).

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My vision, based on my own personal experience, would be for physical activity to become the norm – not something you have to make an effort to do, but something you just go ‘yeah, that’s part of my everyday life’
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I was seeing a lot of bad pad work and poor teaching in gyms, which broke my heart but spurred me on to develop a dedicated course for boxing technique
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People know yoga, Pilates, HIIT and Barry’s Bootcamp, but many don’t know vibration training and it’s my intention, passion and purpose to make it available and bring it to the world
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Jimmy had the brilliant idea to put the logos of all of the current cycling brands in and around NYC onto a piece of paper and we handed it to the investor at the end of our presentation. Then we handed a blank piece of paper and referenced that this was the current number of cool fitness concepts in the world and how we would like the investor to help us fill that page. A day later he wrote us a cheque
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Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab