Latest news with #EntrepreneurFranchise500®
Yahoo
01-05-2025
- Business
- Yahoo
Crunch Franchise Brings State-of-the-Art Fitness Facility to Midwest City, Oklahoma
MIDWEST CITY, Okla., May 1, 2025 /PRNewswire/ -- Crunch Fitness today announces the opening of Crunch OKC Midwest City in Midwest City, Oklahoma. The $7 million, 47,000-square-foot state-of-the-art fitness facility will open its doors in Fall 2025. Operated by Crunch Fitness franchisee The Undefeated Tribe, Crunch OKC Midwest City will be located at 7515 Southeast 15th Street in the Uptown Center next to Family Dollar, creating a new fitness offering for residents of Midwest City. Fusing fitness with entertainment, Crunch OKC Midwest City will offer top-quality cardio and strength training equipment, power half-hour circuit training, personal training, a dedicated group fitness studio, Hot Yoga, Ride cycling classes, a functional HIITZONE™ training area with indoor turf, tanning, HydroMassage® beds, red light therapy, Kids Crunch babysitting, and full-service locker rooms with showers and a sauna. Founded in 2018 by Tony Hartl, The Undefeated Tribe has been recognized as a top-performing franchise for its unique accomplishments and excellence in business performance, community service, and brand involvement. The Undefeated Tribe currently has five locations in the Oklahoma City area, with plans to open 15 locations across Texas, Oklahoma, and Missouri this year. "We are so excited to bring the Crunch Fitness brand to the Midwest City community and offer outstanding and affordable fitness," said Hartl. "With world-class-equipment and amenities, round-the-clock hours, and memberships that start at $9.99 per month, we can't wait to open our doors to Midwest City residents." Crunch Fitness ranked #1 in the fitness category for the second year in a row and #32 overall in the annual Entrepreneur Franchise 500® - the world's most comprehensive franchise ranking. Crunch Fitness continues to expand nationwide and push the bar with innovative offerings for its members. Prospective members can visit for more information about memberships and to sign up. The first 500 members will join for only $1 and get their first month free, a complimentary one-hour personal training session, gym bag, water bottle, and t-shirt. Crunch OKC Midwest City will be inviting over 100 individuals to join the team to help their community experience fitness, wellness, relaxation, and recovery. Crunch is on the search for managers, group fitness instructors, personal trainers, customer service representatives, facility technicians, and babysitters to join a team that believes in being the best place to work and workout. Interested applicants can apply today at About Crunch: Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of 'No Judgments.' Crunch serves a fitness community for all kinds of people with all types of goals, exercising all different ways, working it out at the same place together. Today, we are renowned for creating one-of-a-kind group fitness classes and unique programming for our wildly diverse members. Headquartered in New York City, Crunch serves three million members with over 500 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, Spain, and India. Crunch is rapidly expanding across the U.S. and around the globe. View original content to download multimedia: SOURCE Crunch Fitness Sign in to access your portfolio
Associated Press
15-04-2025
- Business
- Associated Press
Crunch Fitness Announces Strategic Investment from Leonard Green & Partners
Leading Fitness Brand Welcomes New Investment Partner to Accelerate Growth NEW YORK, April 15, 2025 /PRNewswire/ -- Crunch Holdings, LLC ('Crunch Fitness'), a globally recognized powerhouse in the fitness industry, today announced a strategic investment from Leonard Green & Partners ('LGP'), a leading private equity investment firm. Under the terms of the agreement, LGP will acquire a majority interest in Crunch Fitness from TPG Growth, the middle market and growth equity platform of global alternative asset management firm TPG, and Crunch's minority shareholders. Founded in 1989 in New York City's Greenwich Village, Crunch has grown from a single gym with a unique 'No Judgments' philosophy into one of the fastest-growing and most respected fitness brands in the world. Ranking #1 in the fitness category for the second year in a row and #32 overall in the annual Entrepreneur Franchise 500® - the world's first and most comprehensive franchise ranking - Crunch has built a loyal and diverse membership base worldwide with its inclusive culture, innovative group fitness programming, and high-value, low-price gym model. 'This is an exciting new chapter for Crunch,' said Jim Rowley, Chief Executive Officer of Crunch Fitness. 'Leonard Green & Partners has a phenomenal track record of success and investing in consumer brands, and we're confident their strategic insight and operational expertise will only continue to accelerate our growth while staying true to our core values.' Since TPG invested in Crunch in 2019, the brand has experienced remarkable growth. During that period, Crunch added over 2.1 million members, a staggering 176% increase. The brand also significantly expanded its gym footprint, adding 275 locations, more than doubling its unit count. Today, Crunch boasts over three million members and operates more than 500 gyms worldwide. These achievements, in addition to Crunch's new gym innovations, such as the recently launched Crunch 3.0 design and its commitment to making serious fitness fun for people of all fitness levels, continue to drive strong demand across domestic and international markets. 'We're incredibly grateful to TPG for being an exceptional partner over the past five-plus years,' Rowley continued. 'Their support and commitment—especially during the challenges of the pandemic—helped drive our transformation and rapid expansion. We also want to thank our amazing franchisees whose passion and entrepreneurial spirit have been the driving force behind our success and our incredible team members who continuously strive to provide legendary experiences across every Crunch gym.' 'What Crunch has accomplished in the past five years is truly unprecedented,' said John Danhakl, Managing Partner at Leonard Green & Partners. 'We are excited to support the brand's continued evolution alongside a strong leadership team and franchise network. Crunch's powerful business fundamentals and distinctive member experience make it an ideal fit for our portfolio.' 'Jim and his team have built a superb company, serving both their members and their franchisees well,' said Jonathan Coslet, Partner at TPG. 'The Crunch team's creativity, tenacity, and customer-centric culture have been hallmarks of their very successful build to date and will continue to drive Crunch's leadership alongside their new partners at LGP.' Jefferies LLC served as the lead financial advisor to Crunch, with North Point M&A also acting as a financial advisor. Kirkland & Ellis provided legal counsel. 'I'd also like to thank our advisors for their invaluable insight and support throughout this process,' added Rowley. For more information, visit About Crunch Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of 'No Judgments.' Crunch serves a fitness community for all kinds of people with all types of goals, exercising all different ways, working it out at the same place together. Headquartered in New York City, Crunch serves over three million members with over 500 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, and Spain. Crunch is rapidly expanding across the U.S. and around the globe. About Leonard Green & Partners: LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles, California with over $70 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare and business services, as well as distribution and industrials. For more information, please visit About TPG TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $246 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. View original content to download multimedia: SOURCE Crunch Fitness
Yahoo
14-04-2025
- Business
- Yahoo
G6 Hospitality Adds Over 150 Corporate Clients in 2025
DALLAS, TX / / April 14, 2025 / G6 Hospitality, the parent company of Motel 6 and Studio 6, today shared that it has added over 150 corporate clients in 2025. With more than 500 meetings conducted with potential and existing corporate accounts across the country, the company has successfully secured several major accounts across industries, including Construction, Transportation, Agriculture, Retail and Transitional Housing. These new corporate clients are primarily from Texas, California and Florida. The company has seen significant growth in its corporate segment, with a ~26% increase in revenue in Q1 2025 vs same period last year. G6 Hospitality has been adding approximately 50 new corporate accounts every month since January 2025. The company is focusing its efforts on construction, transportation, and agriculture industries, while also pursuing small to medium-sized businesses that generate annual bookings ranging from $15,000 to over $1 million. Natson Hotel Group, one of G6 Hospitality's key franchises, saw over 2X growth in corporate revenue in Q1 2025 vs Q1 2024. "By cultivating relationships with businesses across various industries, we're not only diversifying our client base but also creating consistent occupancy that benefit our network across locations. The collaborative approach with our franchise partners has been instrumental in identifying and securing these valuable corporate relationships," said Sonal Sinha, CEO - G6 Hospitality. Corporate clients benefit from several advantages including better rates with discounts averaging 10-12%, 30-day credit facilities through corporate direct billing, dedicated customer service, and easy issue resolution. The company creates corporate profile codes that apply discounts automatically when used on My6 app and website. Corporate clients can book via the website, app, call center, or email support. The company is actively pursuing additional corporate opportunities, including winning back former clients and extending contracts with existing 2024 accounts. Corporate account inquiries can be directed to Rohit Goel at About G6 Hospitality LLC G6 Hospitality LLC is the leading economy lodging franchisor, with nearly 1,500 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada. G6 Hospitality is committed to making hospitality accessible to all through responsible business practices and unparalleled opportunity for franchisees to build a legacy through ownership. Both Motel 6 and Studio 6 were recognized in the 2024 Entrepreneur Franchise 500® report, with Motel 6 ranking in the top 50 of all franchises. The Carrollton, Texas, based company was named a 2024 Leader in Diversity by Dallas Business Journal. For more information, please visit Contact Details G6 Hospitality LLCAnupriya Malik+91 97911 63065anupriya.d@ SOURCE: G6 Hospitality LLC View the original press release on ACCESS Newswire Sign in to access your portfolio
