Search Weight Loss Topics:




May 26

Fitness First plans 4 more gyms, sees opportunity

Fitness Comments Off on Fitness First plans 4 more gyms, sees opportunity

HEALTH CLUBS

The UK-based Fitness First (Thailand) Co remains upbeat about its business prospects even as the number of Thais regularly exercising remains relatively low, because the number of players in the industry is still limited.

"The Thai fitness business still has room to grow, as Thais exercising regularly represents less than 1% of the total population compared with 17-18% in the US," said managing director Mark Buchanan.

The company is confident it can achieve revenue growth of 10% this year to 1.58 billion baht.

Mr Buchanan said the company will spend 380 million baht this year to open four branches and increase membership to at least 60,000 from 55,000 last year.

The local unit achieved revenue of 1.44 billion baht last year and earnings before interest, taxes, depreciation and amortisation of 576 million baht.

The company plans to open four or five branches per year, up from a previous projection of two or three a year.

Mr Buchanan said the company is also confident its transparent, clear and fair business model will be a success.

Membership fees will be collected on a monthly basis, without calls for an advanced lump-sum payment.

Fitness First allows members to decide on their own if they want to renew their membership, he said.

More:
Fitness First plans 4 more gyms, sees opportunity

Related Posts

    Your Full Name

    Your Email

    Your Phone Number

    Select your age (30+ only)

    Select Your US State

    Program Choice

    Confirm over 30 years old

    Yes

    Confirm that you resident in USA

    Yes

    This is a Serious Inquiry

    Yes

    Message:



    matomo tracker