Information and analysis earlier than you hear about it on CNBC and others. Declare your 1 week free trial StreetInsider Premium here.
Xponential Health, Inc. (NYSE: XPOF) introduced at this time that it has signed a grasp franchise settlement in Japan for CycleBar, the world’s largest indoor biking model. The settlement, signed with Xponential’s Grasp Franchisee for Membership Pilates in Japan, offers the Grasp Franchisee the flexibility to license a minimum of 30 CycleBar studios in Japan over the subsequent 10 years. It follows Xponential Health’ current bulletins of latest grasp franchise agreements for the UK and Mexico. The brand new studios will develop CycleBar’s worldwide presence exterior of North America to a few international locations after finishing grasp franchise agreements in Australia and New Zealand. The primary CycleBar studio in Japan is predicted to open in 2023.
The grasp franchisee for CycleBar in Japan is entrepreneur Naoki Shimabukuro, CEO of Membership Pilates Japan Co. Ltd. Along with his position as a grasp franchisee for CycleBar and Membership Pilates, Shimabukuro is the founding father of Idealink Company, an web media and franchise advertising company, and was the organizer of the 2016 Worldwide Franchise Expo in Tokyo. The addition of CycleBar will develop Shimabukuro’s present presence within the Japanese market, the place Membership Pilates has opened eight studios and plans to open a number of extra by the tip of 2022.
“Japan is among the many high ten health markets on this planet and we’re assured that below Naoki’s management, CycleBar will turn into one of many high boutique health manufacturers within the nation,” mentioned John Kersh, Xponential Health’ Chief Worldwide Improvement Officer . “His early success with Membership Pilates is a testomony to the rising enthusiasm for boutique health amongst Japanese customers.”
“The timing is superb for us to convey CycleBar’s immersive expertise to Japan,” mentioned Shimabukuro. “Japanese customers have an rising curiosity in health and a dedication to their well being, and are in search of new and progressive choices for his or her train routines like CycleBar. Our group’s aim is to develop CycleBar and Membership Pilates into probably the most acknowledged and liked boutique health manufacturers in Japan.”
In 2020, CycleBar signed a grasp franchise deal for Australia, step one exterior of North America, the place the model now has six working studios. This settlement was subsequently prolonged to New Zealand, the place the primary studios are anticipated to open in 2023. CycleBar is backed by Xponential Health, the biggest world franchisor of boutique health manufacturers together with Pure Barre, Membership Pilates, StretchLab, Row Home, YogaSix, AKT, Rumble, BFT and STRIDE.
For extra info on proudly owning a CycleBar franchise, see www.cyclebar.com/franchise.
Based in 2004, CycleBar is the biggest indoor biking model by variety of studios, providing quite a lot of low-impact, high-intensity indoor biking exercises spanning all health ranges. CycleBar gives an immersive, multi-sensory expertise in state-of-the-art CycleTheaters, led by specifically skilled instructors, enriched with high-energy CycleBeats playlists, and tracked with rider-specific CycleStat efficiency metrics. rank up Entrepreneur Journal‘s Franchise 500 4 years in a row, quickest rising franchise in 2021 as properly Inc Journal‘s Inc. 5000 in 2020, CycleBar is headquartered in Irvine, CA and is backed by Xponential Health, the biggest franchisor of boutique health manufacturers. To be taught extra about CycleBar, go to www.cyclebar.com.
ABOUT XPONENTIAL FITNESS:
Xponential Health, Inc. (NYSE: XPOF) is the world’s largest franchisor of boutique health manufacturers. By way of its mission of constructing boutique health accessible to everybody, the corporate operates a diversified platform of ten manufacturers spanning a number of industries together with Pilates, Indoor Biking, Barre, Stretching, Rowing, Dance, Boxing, Operating, Practical Coaching and yoga. In partnership with its franchisees, Xponential Health gives energetic, accessible and customized exercise experiences led by extremely certified trainers in studio areas in 48 states and Canada, and thru grasp franchise or worldwide enlargement agreements in 12 further international locations. Xponential Health’ portfolio of manufacturers contains Membership Pilates, the biggest Pilates model in the USA; CycleBar, the biggest indoor biking model in the USA; StretchLab, an idea providing particular person and group stretching companies; Row Home, the biggest franchised indoor rowing model in the USA; AKT, a dance-based cardio exercise that mixes firming, interval and circuit coaching; YogaSix, the biggest franchised yoga model in the USA; Pure Barre, a complete physique exercise that makes use of the ballet barre to carry out small isometric actions and the biggest barre model in the USA; STRIDE, a treadmill-based cardio and power coaching idea; Rumble, a boxing-inspired full-body exercise; and BFT, a purposeful coaching and strength-based program. For extra info, go to the corporate’s web site at https://xponential.com.
Media contact: David Robertson, Fishman Public Relations, [email protected] or 847-945-1300
Supply: Xponential Health, Inc.