Crunch Franchise Announces Sale Of 100th Franchise This Year
NEW YORK - Oct. 18, 2016 // PRNewswire // - Crunch, the health club chain best known for making serious fitness fun through unique programming and cutting-edge training, announces that it has hit a milestone with the recent sale of the 100th Crunch franchise of 2016. This makes the company one of the largest and fastest-growing franchisors and operators of fitness centers with well over 600 franchises sold in its first 6 years, and 13 new clubs opening this month alone.
The franchise portfolio, involving ownership by some of the best known athletes in the world, includes 150 open clubs in 20 states,Puerto Rico and 4 countries and the company continues to grow; Crunch is rapidly closing in on approximately 1,000,000 members. With an annual growth rate of 40%, Crunch is the fastest growing national chain in the high value/low price fitness space. Crunch Franchise has revolutionized the fitness industry with its combination of lower prices and cutting-edge facilities.
Crunch's clubs provide their members an exceptional experience including a full size club with: state-of-the-art fitness equipment, world renowned Crunch proprietary group fitness classes (as well as such staples as Zumba®), professional personal training, small group training in CAMP CRUNCH, a free subscription to the Crunch Live streaming exercise site, a free subscription to the online dotFIT nutritional platform and many other in-club amenities and perks such as free guest privileges, HydroMassage®, tanning and club reciprocity.
"Despite being in a very competitive industry, the last 6 years have been tremendous for our network. We have attracted a very high quality group of franchisees and we provide our members a fitness club experience that is far above anything they can get from any other national high value/low price chain. We feel very fortunate that our clubs have been so well received and we are excited for the future as the network continues to grow at an accelerated rate," says CEO Ben Midgley.
Crunch is known for its innovative group fitness programming and offers a full roster of classes including BodyWeb with TRX®, Zumba®, Cardio Tai Box, Yoga Body Sculpt, Fat Burning Pilates and more. Franchise locations also offer the exclusive CAMP CRUNCH program that gives members of all fitness levels the opportunity to work one-on-one or in small groups with an expert trainer. Trainers develop personalized plans to help members meet their individual fitness goals through signature small group training, cutting-edge personal training and unique nutrition programs.
To learn more about Crunch franchising opportunities, visit CrunchFranchise.com.
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 approximately 800,000 members with over 180 gyms worldwide, including 150 franchised clubs in 20 states, Puerto Rico and 4 countries, 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.