Viva Leisure Invest AUD $20 Million (Rs 1,068,830,640/-) In Plus Fitness
25 July 2020
Plus Fitness grows from big to bigger as Viva Leisure the only publicly listed company in the health and fitness industry (ASX) invest AUD $20 Million (Rs 106.88 Crore / Approx. 1 Arab) in Plus Fitness, displaying the strength of our brand & business model.
Gym sector is set for a shakeup with this investment. Plus Fitness has a combined membership of approximately few lakhs members with the clubs generating more than $100 million in annual revenues. Plus Fitness present on 2 major continents of the world, covering 3 countries & spread out with over 300 clubs across the world, Plus Fitness continues to open a new gym somewhere in the world every 21 days, now targets to 500 clubs in multiple countries, with 81 new clubs & 45 more planned in the next 12 months.
The Canberra-headquartered company Viva Leisure’s CEO, Harry Konstantino says, “We as a leading, technology-focused company see this investment as one of the largest health & fitness investment we had in our history, as well as opportunities to expand through Australia, New Zealand & India. Plus Fitness have done an excellent job in growing the business to where it is today. We believe that it can use many of its bespoke and in-house developed systems to help continue the growth of the entire Plus Fitness network, while at the same time ensuring there are financial and other benefits to franchisees. We know that a successful franchise network only occurs when both Franchisor and Franchisee are achieving and succeeding,”
Nigel Miller, Franchisor of Plus Fitness, says “It has been an incredible journey for John Fuller and I with John opening the first Plus Fitness back in 1996. An investment from Viva Leisure added a big value to the brands growth, John and I will continue the growth of the Plus Fitness franchise network”.
India Master Franchise Siraj Lalani added; “The Fitness Industry is growing significantly with a growth of 40% year on year as people are getting more aware of health benefits, people want to look good & like to stay fit and most important want to build strong immune system.” He went on to say; “Recent research has shown that there is believed to be six million active fitness enthusiasts in India spending around $400 annually on fitness services; thus, skyrocketing the Indian fitness industry to a whopping $2.6 billion market size. The burgeoning awareness on health & fitness, gym culture, personalized fitness training programmes, & rise in personal disposable income has been some of the market drivers in this segment. The fitness industry is growing as consumers become more aware about their health & the benefits of exercising.”.
At the end of FY2019, revenues in the Indian fitness market amounted to USD 908million. Further growth in the segment, expected at a CAGR of 9.3% between 2019 and 2023, is expected to take the total market value to a whopping USD 1,296 million in 2023. The Fitness Industry remains buoyant and we will see it bounce back stronger than ever across the country.
Area: 2500 – 4000 sq. ft
Investment: 85 lakh - 1.5 Cr.
Breakeven: 2.5 years
For Plus Fitness Franchise opportunity please visit HERE or call +91 7575067777 for more info.