Sep 1, 2008 12:00 PM
In BRIEF
Three health club companies were named to Inc. magazine's annual list of the 5,000 fastest-growing private companies in the United States. The Inc. 5,000 list ranks businesses according to revenue growth in the previous four years. Planet Fitness, Dover, NH, was 732nd overall and had the No. 1 spot among U.S. health club companies. From 2004 to 2007, Planet Fitness' annual revenues grew from $8.4 million to $48.5 million. Fitness Together Holdings, Highlands Ranch, CO, was listed as No. 1,705 on the list with $15 million in revenue in 2007. Plus One Health Management, New York, was listed at No. 3,748 with a 2007 revenue of $33.8 million.
Chuck Leve, vice president of business development at the International Health, Racquet and Sportsclub Association, left the association at the end of last month to launch the Consumer Fitness Association, a new association that serves active, healthy lifestyle consumers.
Planet Fitness has announced several development deals that will expand the brand throughout the country. Several franchisees and investors are expected to launch 39 locations in Philadelphia County (PA) and surrounding areas, 31 clubs in the Dallas, Plano, TX, and Fort Worth, TX, markets, 26 clubs in four New Jersey counties, 13 clubs in metropolitan Detroit, 12 clubs in upstate New York, and 11 locations in North Carolina and South Carolina.
Elements, an upscale women-only franchise based in New York, hired Courtney Minor as its new business development director. Minor previously was director of franchise development at Gold's Gym International, Irving, TX, where she was responsible for recruiting franchisees, managing franchise and area development agreements, and monitoring the franchisee throughout the duration of the agreement for both domestic and international franchising.
The International Council on Active Aging (ICAA) introduced its products and services locator, a new tool that replaces the ICAA age-friendly fitness and wellness facility locator. The new service will locate age-friendly fitness centers and programs, communities, health stores and community services.
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