DGAP-News: Snap Fitness 'Flexes' Muscle in the United Kingdom; Set to Open First Two Clubs in London
ID: 639776
15.05.2012 19:47
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MINNEAPOLIS, 2012-05-15 19:46 CEST (GLOBE NEWSWIRE) --
The more than 30 million UK adults who take part in sports or exercise will
soon have another option when choosing a health and fitness facility.
Snap Fitness, the franchisor of more than 1,300 24/7 fitness centers worldwide,
recently announced plans to open 75-100 clubs throughout the UK during the next
five years, including 10 in Greater London by the end of the year.
London's first two facilities will open in Kenton and Milton Keynes in June and
July respectively.
'There is real opportunity for sector growth ahead, as more people see health
and fitness as a necessity versus a luxury,' said Peter Taunton, who founded
Snap Fitness in 2003 and has since expanded the brand throughout six countries,
including the United States, Canada, Mexico, India, Australia and New Zealand.
'This is an exciting time for us as we begin to offer gym-goers and health
enthusiasts across the kingdom convenient and affordable ways to look and feel
better.'
According to the Fitness Industry Association, total market value of the UK
health and fitness industry is estimated at [Pounds]3.81 billion, sustained from 2010
and up 4% since 2008. In addition, the industry has grown its member base by 2%
whilst increasing the number of fitness facilities by a further 1.7%. In fact,
90 percent of the population live or work within two miles of one of the nearly
6,000 health and fitness facilities in the UK.
While Snap Fitness offers the same quality equipment as traditional health
clubs, the booming brand is setting industry standards by focusing on complete
member wellness and providing a host of products and services designed to give
members better results and more value for their money. By scaling down in size
and eliminating unnecessary amenities such as swimming pools and racquetball
courts, Snap Fitness offers customers a quality, affordable workout with strong
emphasis on customer service and convenience.
With a modest footprint that ranges from 232 to 325 square meters (2,500-3,500
square feet), a typical Snap Fitness installation includes treadmills,
elliptical machines, stationary bikes, weight machines and free weights.
Members pay month-to-month and can easily cancel their gym memberships or put
them on hold without penalty. There are no contracts.
'We offer a fitness product that gives members the basics and screams value,'
Taunton added. 'People are always drawn to value. It's a strong word in this
industry and it gets undermined often.'
To augment the company's growth, Snap Fitness is seeking single- and multi-unit
franchise owners to open new clubs across the UK. The average total investment
to open a Snap Fitness franchise in the UK is between [Pounds]175,000 and [Pounds]250,000.
For more information on franchise opportunities in the UK, please contact Darko
Vasic at (866) 980-2667 or dvasic@snapfitness.com.
About Snap Fitness, Inc.
With a focus on providing members with fast, convenient and affordable workouts
in clean, comfortable locations that are close to home, Snap Fitness is
experiencing phenomenal growth with approximately 2,400 locations sold
worldwide and some 15-20 new clubs added monthly. Founded in 2003 by CEO Peter
Taunton, the Chanhassen, Minn.-based franchisor is dedicated to providing
members with more value than any other health club. For more information,
please visit www.snapfitness.com.
The Snap Fitness logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12894
CONTACT: Ashley L. Moses, Fishman Public Relations,
(847) 945-1300, amoses@fishmanpr.com
News Source: NASDAQ OMX
15.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Snap Fitness
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9902037889
WKN:
End of Announcement DGAP News-Service
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Datum: 15.05.2012 - 19:47 Uhr
Sprache: Deutsch
News-ID 639776
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