TL;DR
Orangetheory Fitness has opened 61 studios since the start of 2018 and is on pace to open 270 studios before the end of the year, targeting $1 billion in system-wide revenue. The fitness franchise has seen a 76 percent annualized growth rate over the past five years.
Orangetheory Fitness has open 61 studios since the start of 2018, and it's on pace to open 270 studios before the end of the year. According to a recent Club Industry article , the fitness franchise now has 1,100 studios worldwide and an anticipated $1 billion in system-wide revenue for 2018. Orangetheory has seen a 76 percent annualized growth rate over the past five years and more than 400 studios slated to open domestically.
“Orangetheory Fitness has experienced incredible and unparalleled growth in less than a decade, and the compounding success we’ve already achieved this year is indicative that the brand’s global domination is just beginning,” Mike Mettler, senior vice president of franchise development for Orangetheory Fitness, said in a release. “This relentless momentum has allowed us to accelerate our franchise development efforts in several prime expansion markets like California and Texas, and we’re thrilled to continue tapping into the wealth of potential in these regions.”
The growth comes on the heels of a successful 2017 in which the company reported $738 million in system-wide revenue.
In this story
This story was originally published in 1851 Franchise on April 26, 2018. Burnaze summarizes and links to the original reporting.
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