Crunch Franchise Announces Its Expansion In Puerto Rico
CAROLINA, Puerto Rico - April 3, 2014 // PRNewswire // - Crunch Fitness announces the arrival of their first franchise location in Puerto Rico. The famous chain of fitness clubs will open the doors of its first location on the island this summer, located just outside Plaza Escorial, Carolina. Crunch Fitness representatives recognize the need to provide an exercise space where people can work on getting a better quality of life in a fun, non-judgmental and friendly environment. The franchise aims to provide personalized support and motivation to their customers through physical and emotional improvement.
With over 20,000 square feet distributed in over three floors, the new Crunch Fitness location has over 100 parking spaces for members and employees of the club. Its facilities feature over 70 cardio machines, free weights, and innovative classes. In addition, Crunch Fitness in Carolina will have a state-of-the-art group fitness studio that will house Crunch's signature classes such as Zumba®, Cardio Tai Box, Yoga Body Sculpt, TRX®, Cycling Studio, and more. All gym members will have access to doFIT – an online nutritional program accessible from your computer or mobile phone. This nutritional program will provide members the ability to monitor their nutrition and physical progress whenever they are not training at the gym. Additional offerings includes HydroMassage and tanning services, all starting at $9.95/month without any contract to sign and without cancellation fees.
Pablo Acosta and Herminia Ortiz are excited to open their first Crunch Fitness in Puerto Rico and are exploring other locations to open on the island. The couple had a vision to bring a new fitness franchise where people feel like they're working out at home, around friends, and in a safe place.
"My wife and I decided to fulfill our dream to invest in the present and future of Puerto Rico and today and we are thrilled to call ourselves proud owners of Crunch Fitness in Puerto Rico. Our country needs more places where citizens can dissipate the everyday stress and anxiety in a safe and healthy environment - in order for them work harder, be confident, and have determination despite the complicated situations that affect us," said Pablo Acosta, owner of Crunch Fitness in Puerto Rico. "We are confident that at Crunch Fitness, each member will find the tools to achieve better physical health, increase their desire to excel, live with energy and eagerness, but above all receive a full fitness club at an affordable price. Our modern facility, with a top team of professionals are eager to make your day a better one," Pablo Acosta confirmed with enthusiasm.
"We are very excited to work with Pablo and Herminia In Puerto Rico. They are some of the nicest people one could ever meet, they have a tremendous passion for what they are doing and are wonderful partners for our expansion in Puerto Rico," said Ben Midgley, president of Crunch Franchise.
On Saturday, April 5th 2014, the Crunch Fitness team will conduct a pre-sale event never before seen in the fitness industry in Puerto Rico where creativity and fun will be integrated to officially welcome Crunch Fitness to Carolina. The event will begin at 2:00pm in Plaza Escorial, Carolina. Event attendees will have the opportunity to be the first to purchase Crunch's cost-effective memberships, starting at $9.95/month with additional promotional incentives that will be available only during the pre-sale event.
Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of No Judgments. Headquartered in New York City, and co-owned by New Evolution Ventures (NeV) and private-equity firm Angelo Gordon, Crunch serves over 300,000 members with 88 gyms worldwide, including 57 franchise locations throughout the country and Australia, and is rapidly expanding across the U.S. and around the globe. Go to www.crunch.com for more information.
About New Evolution Ventures™ (NeV)
Based in Northern California, New Evolution Ventures (NeV) is a private equity firm focused on the acquisition, development and operations management of fitness, health and wellness interests both domestically and internationally. Founded in 2008 by Mark Mastrov, Jim Rowley and Mike Feeney, the current team of NeV professionals is shaping the world of fitness, health and wellness one brand at a time. With a foundation representing over a century of business experience, NeV currently has operations and investments in more than 20 countries worldwide representing over 800+ facilities. For more information, visit www.nev.com.
About Angelo, Gordon & Co., L.P.
Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988, and currently manages approximately $23 billion. The firm's investment focus centers on core competencies of real estate, credit, and private equity. Angelo, Gordon has over 200 employees (approximately half of whom are investment professionals) and is headquartered in New York, with associated offices in Chicago, Los Angeles, Washington D.C., London, Hong Kong, Seoul, Shanghai, Tokyo, and Sydney. For more information, visit www.angelogordon.com.
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