 |
|
|
 |
08 Nov 2023
World’s largest franchise operator enters the health club market – plans aggressive growth
BY
Tom Walker
|
Flynn Group has acquired 37 Planet Fitness in Boston and Atlanta from Alder Partners
photo: Planet Fitness/Flynn Group
Flynn Restaurant Group, the world’s largest fast food franchise operator, with ambitions to be the largest global franchise operator across all markets, has entered the fitness market with the acquisition of a portfolio of Planet Fitness clubs. The move is part of a ‘third stage’ of growth for the business, which has a $US2.2 billion portfolio, a $US4.5 billion turnover, 2,600 properties and a 30 per cent annualised growth record. It currently employs 75,000 people.
The company said it is targeting health and fitness and also the beauty market, indicating a possible move into the wellness sector in the future.
Flynn, which owns thousands of Wendy's, Applebee's, Taco Bell, Pizza Hut and Panera Bread locations across the US and Canada, as well as 121 hotels – 109 of which are franchised – has acquired 37 Planet Fitness in Boston and Atlanta from Alder Partners.
It’s the first time the group – which launched in 1999 – has ventured outside the restaurant and hotel sector.
To reflect its diversification, the company has also rebranded itself as Flynn Group.
In the short term, it plans to expand its newly-acquired Planet Fitness portfolio by adding three new clubs, while medium-term, there are plans to become a major force in fitness by building new locations.
Its new Flynn Planet Fitness division will be led by Stanley DeMartinis Jr, with Stella Giangregorio named as vice president of operations.
DeMartinis has driven the operations of the 37 Planet Fitness sites as CEO of Alder Partners, his family business, since 2010 and will now do the same as president of Flynn Planet Fitness.
"This was our first step outside restaurants and hotels and demonstrates the potential for us to grow more broadly across consumer-facing franchise businesses," said CEO and founder of Flynn Group, Greg Flynn, who told San Francisco Business Times the deal was worth “hundreds of millions of dollars”.
“We’re eager to accelerate growth across all channels and to bring our full capabilities to bear to drive even more value for our franchise systems and customers alike,” said Flynn.
 |
|
|
|
|
|
|
|
|
|
Connect with
World Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
| News headlines |
|
|
 |
 |
|
21 May 2024
Speaking to HCM for its 2024-2025 Handbook, which will be out next month, PureGym managing director, Rebecca Passmore, says the company is on
.... more>> |
|
|
|
 |
|
20 May 2024
QC New York, a luxury Italian day spa on Governors Island, will expand its offering this July by adding an extra 15,000sq ft of space. This new area
.... more>> |
|
|
|
 |
|
20 May 2024
Leisure, lifestyle, wellness and entertainment growth investor, Imbiba, has invested in boutique gym brand, 1Rebel's holding company, One Rebel Ltd,
.... more>> |
|
|
|
 |
|
20 May 2024
Urban Gym Group will launch PILAT3S at ClubSportive in Amsterdam next month, to create a boutique-in-gym experience. PILAT3S is the newly-launched
.... more>> |
|
|
|
|
|
 |
|
| Company profile |
|
GLL
Our purpose is to improve the physical, mental and social wellbeing of local communities.
View full profile>> |
|
| Catalogue gallery |
|
|
| Featured Supplier |
|
 |
|
|
|
in this issue
• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources
|
|
|
|
|
|
|
 |
| World Leisure jobs |
 |
Fitness Instructor
Salary: £23,144 to £25,138pa
Location: Moulsecoomb, Brighton and Hove, Brighton, UK
Company: University of Brighton
|
|
Duty Manager
Salary: Competitive
Location: Clevedon
Company: Everyone Active
|
|
Swim Teacher
Salary: Competitive
Location: Bristol
Company: Everyone Active
|
|
|
|
|
|
| Diary dates |
|
| Powered
by leisurediary.com |
 |
|
|
|
|
