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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

The Gym Group reports 'outstanding year' of continued growth

Image: Treharne founded The Gym Group in 2008

Low-cost fitness club group The Gym Group has reported an "outstanding year" in which it saw continued turnover and membership growth despite a "flat market place".

During the year to 31 December 2011, the chain expanded its portfolio from 10 to 16 gyms and has continued its expansion to more than 20 sites currently in operation.

Turnover increased by 88 per cent from £7.2m to £13.5m over the 12-month period, while a 67 per cent growth in membership numbers took The Gym Group to 96,000 members.

Moving forward, the operator is to accelerate its UK rollout and is expected to reach 35 sites either open or in the fit-out stage by the end of December this year.

The Gym Group's facilities contain a range of equipment - such as free weights, resistance and group cycling machines, as well as rolling out virtual classes across its estate.

John Treharne, chief executive officer of The Gym Group, said: "Our expansion plans are supported by a strong pipeline of new sites, the cash generative nature of our model and a robust capital structure.

"The current year has got off to a very strong start with strong like-for-like growth in membership of 14.1 per cent at the end of March and we expect to end the year with around 35 sites open or in fit-out and a strong pipeline for 2013."

To read more from John Treharne in a discussion about the arrival of virtual classes in the UK, see Health Club Management 2012 Issue 3, p43

To read the current issue of Health Club Management, visit: www.health-club.co.uk/magazine

Details: www.thegymgroup.com

Low-cost fitness club group The Gym Group has reported an "outstanding year" in which it saw continued turnover and membership growth despite a "flat market place".
HAF
91676_18661.gif
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News

The Gym Group reports 'outstanding year' of continued growth

Image: Treharne founded The Gym Group in 2008

Low-cost fitness club group The Gym Group has reported an "outstanding year" in which it saw continued turnover and membership growth despite a "flat market place".

During the year to 31 December 2011, the chain expanded its portfolio from 10 to 16 gyms and has continued its expansion to more than 20 sites currently in operation.

Turnover increased by 88 per cent from £7.2m to £13.5m over the 12-month period, while a 67 per cent growth in membership numbers took The Gym Group to 96,000 members.

Moving forward, the operator is to accelerate its UK rollout and is expected to reach 35 sites either open or in the fit-out stage by the end of December this year.

The Gym Group's facilities contain a range of equipment - such as free weights, resistance and group cycling machines, as well as rolling out virtual classes across its estate.

John Treharne, chief executive officer of The Gym Group, said: "Our expansion plans are supported by a strong pipeline of new sites, the cash generative nature of our model and a robust capital structure.

"The current year has got off to a very strong start with strong like-for-like growth in membership of 14.1 per cent at the end of March and we expect to end the year with around 35 sites open or in fit-out and a strong pipeline for 2013."

To read more from John Treharne in a discussion about the arrival of virtual classes in the UK, see Health Club Management 2012 Issue 3, p43

To read the current issue of Health Club Management, visit: www.health-club.co.uk/magazine

Details: www.thegymgroup.com

Low-cost fitness club group The Gym Group has reported an "outstanding year" in which it saw continued turnover and membership growth despite a "flat market place".
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91676_18661.gif

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