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Franchise News - Article
25.08.2008
US franchise fitness chains looking to launch in Europe
The American fitness franchises, Anytime Fitness and Snap Fitness, are planning to launch their 24-hour franchise concept overseas. According to a report published on the Star Tribune web site, both companies believe that they can mirror the rapid growth they have enjoyed on the US market in Europe, too.
“We just think that most international countries are underserved when it comes to fitness facilities,” the Star Tribune quotes the president of Anytime Fitness, Chuck Runyon, as saying. Snap Fitness is also looking to expand rapidly overseas with the help of a private equity and venture capital firm. Apparently, the founder and company boss, Peter Taunton, is especially focusing on Europe, India, Mexico, Australia and the Middle East.
Both franchises operate 24-hour clubs that have cardio-equipment and a weights area. Anytime Fitness was founded in 2002 and is expecting to achieve earnings of 21 million dollars and open up its 1000th fitness club this year. Snap Fitness, established in 2004, currently has around 750 clubs and, according to its own figures, tripled its turnover last year to 18 million dollars. (kbp)
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