Orangetheory Fitness Signs 400th Franchise Agreement
High-intensity Interval Fitness Franchise Celebrates Explosive Growth and is Named to Inc. 500 List
August 21, 2014 // Franchising.com // Fort Lauderdale, Fla. – Orangetheory® Fitness, the energizing and fast-growing fitness franchise, today announced the company has signed its 400th franchise agreement. Additionally, Orangetheory Fitness was ranked #399 on Inc. magazine’s annual Inc. 500, an exclusive ranking of the nation’s fastest growing private companies.
Orangetheory Fitness launched its first studio in Fort Lauderdale, Fla. in March 2010 and has transformed into one of the world’s top fitness franchises. The 60-minute 5 zone heart-rate based interval training concept has helped tens of thousands of members lose weight, get toned and meet their overall fitness goals in a short amount of time
"Since beginning Orangetheory Fitness four years ago, we have experienced a serious surge in franchise interest, and we are thrilled our growth has propelled us onto the Inc. 500 list," said Dave Long, chief executive officer of Orangetheory Fitness. "We look forward to continued expansion both nationally and internationally, and we are excited to bring our unique fitness model to members and guests across the world!"
Orangetheory Fitness has seen incredible growth since its 2010 inception and opened a record 79 locations within the past year alone. The fitness franchise has a presence in 28 states and is on track to open 500 studios by 2017. Additionally, Orangetheory’s results-focused concept – for members and owners alike – has generated rapid, international growth. With more than 116 locations currently in the United States, Orangetheory Fitness also has studios in Canada and the U.K. and recently signed a master agreement to bring the concept into Australia.
Orangetheory Fitness is seeking single and multi-unit operators to join the growing fitness franchise network. Franchisee candidates should have a minimum net worth of $500,000 and liquid assets of at least $150,000. Franchisees can expect the total investment for one studio to be approximately $327,600 - $634,100, including the initial franchise fee of $39,500.
More information on Orangetheory Fitness is available on Orangetheory’s website. Follow Orangetheory Fitness on Facebook, Twitter and Instagram for the latest news and trends.
About Orangetheory® Fitness
Orangetheory® Fitness (www.orangetheoryfitness.com) is a one-of-a-kind, group personal training workout broken into intervals of cardiovascular and strength training. Backed by the science of excess post-exercise oxygen consumption (EPOC), Orangetheory’s heart-rate-monitored training is designed to maintain a target zone that stimulates metabolism and increases energy. Led by skilled personal trainers, participants use a variety of equipment including treadmills, rowing machines, TRX® suspension training and free weights, burning an average of 900 calories including after-burn. The result is the Orange Effect – more energy, visible toning and extra calorie burn for up to 36 hours post-workout. Orangetheory Fitness was recently ranked #399 in Inc. magazine’s Fastest Growing Private Companies List and #403 in Entrepreneur’s 2014 Franchise 500® list of the top franchises in the world. Visit www.otffranchise.com for area developer and franchise opportunities.
SOURCE Orangetheory® Fitness
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