Territory-Spanning Deal Will Bring
Studios to Houston, Dallas, and Central Florida with Seasoned
Owner
Club Pilates, the nation’s largest boutique Pilates brand,
announced today it has signed a large multi-unit, multi-regional
franchise agreement with entrepreneur and existing franchise owner,
David Schuck, which will expand the Pilates brand’s presence
further in Houston, Dallas, and Central Florida. Through this
agreement, Schuck has acquired 13 open Club Pilates studios, along
with licenses to open 16 additional studios, marking one of the
largest deals made by an individual franchisee in the brand’s
history. Club Pilates is the founding and largest brand by number
of studios within the portfolio of Xponential Fitness, Inc.
This deal brings Schuck’s total number of open Club Pilates
studios to 20, spanning Dallas, Houston, Central Florida, and
Greensboro, NC. Targeted areas for additional 16 studios to be
developed include Apollo Beach and Hunters Creek in Central Florida
and Pearland, Greatwood, and Jersey Village in Texas.
Schuck has a long-standing relationship with Xponential Fitness,
having first signed a franchise agreement with Club Pilates in
August 2016 followed by the opening of his first studio in March
2017. Prior to business ownership, Schuck played professional
basketball in Spain and then explored teaching, coaching, and
banking before entering the franchise space.
“We are thrilled to execute this deal with David which will
further expand the Club Pilates brand presence across multiple
markets,” said Mike Gray, President of Club Pilates. “Initially
starting with just three licenses five years ago, Club Pilates has
now developed a strong partnership with David - he has proven to be
a strong operator and representative of the Club Pilates brand, and
we look forward to partnering with him further as he continues to
leverage our model to develop and open additional studios in the
coming years.”
“Xponential’s systems, integrated platforms, and support are
seamless and have proven successful in helping me scale Club
Pilates across multiple markets, so there was no question in my
mind to keep growing with this incredible brand,” said Schuck. “The
passion from Club Pilates employees, instructors, and members has
made it easy to stay motivated in growing the business and changing
people’s lives.”
This deal with Schuck marks yet another milestone in Club
Pilates’ growth after several recent accomplishments. Despite the
pandemic, Club Pilates has opened more than 87 new studios since
the beginning of 2020 (as of June 30, 2021) and now has almost 650
open studios globally. The brand has also expanded internationally
to Australia, Saudi Arabia, Japan, South Korea, the Dominican
Republic, and Spain, and has studios currently in development in
Germany and Singapore.
Club Pilates was ranked #1 on Franchise Times’ Fast &
Serious in both 2019 and 2020, landed at #104 on Entrepreneur
Magazine’s 2021 Franchise 500, marking its fifth consecutive year
on the list, as well has appeared on Inc. Magazine’s Inc. 5000 list
three years running. For more information about owning a Club
Pilates franchise or another Xponential Fitness brand, visit
www.xponential.com/franchising.
ABOUT CLUB PILATES
Founded in 2007, Club Pilates is the largest Pilates brand by
number of studios, designed with the vision of making Pilates more
accessible, approachable and welcoming to everyone. Based in
Irvine, CA, Club Pilates has appeared in both Entrepreneur
Magazine's Franchise 500, Fastest-Growing Franchises, and Inc.
Magazine's Inc. 5000 lists five years running. Club Pilates offers
extensive training certification for its instructors. Its 500-hour
training program includes instruction on Pilates, barre,
Triggerpoint, and TRX Suspension Trainers. To learn more about Club
Pilates, visit https://www.clubpilates.com.
ABOUT XPONENTIAL FITNESS
Founded in 2017 and headquartered in Irvine, California,
Xponential Fitness, Inc., is a curator of leading boutique fitness
brands across multiple verticals. Through its mission to make
boutique fitness accessible to everyone, the Company has built and
curated a diversified platform of nine boutique fitness brands
spanning across verticals including Pilates, indoor cycling, barre,
stretching, rowing, dancing, boxing, running and yoga. In
partnership with its franchisees, Xponential Fitness offers
energetic, accessible, and personalized workout experiences led by
highly-qualified instructors in studio locations across 48 U.S.
states and 10 additional countries as of March 31, 2021. Xponential
Fitness' portfolio of brands includes Club Pilates, the nation's
largest Pilates brand; CycleBar, the nation's largest indoor
cycling brand; StretchLab, a concept offering one-on-one and group
stretching services; Row House, a high-energy, low-impact indoor
rowing workout; AKT, a dance-based cardio workout combining toning,
interval and circuit training; YogaSix, the largest franchised yoga
brand; Pure Barre, a total body workout that uses the ballet barre
to perform small isometric movements; STRIDE, a treadmill-based
cardio and strength training concept; and Rumble, a boxing-inspired
full-body workout.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on current expectations, estimates, forecasts and projections
of future performance based on management's judgment, beliefs,
current trends, and anticipated financial performance. These
forward-looking statements include, without limitation, statements
relating to the franchise agreement with David Schuck, the
development and opening of new Club Pilates studios, and the growth
of the Club Pilates brand. Forward-looking statements involve risks
and uncertainties that may cause actual results to differ
materially from those contained in the forward-looking statements.
These factors include, but are not limited to, the impact of
COVID-19 pandemic on our business and franchisees; difficulties and
challenges in opening studios by franchisees; the ability of
franchisees to generate sufficient revenues; risks relating to
expansion into international market; and loss or reputation and
brand awareness; and other risks as described in the filings of
Xponential with the Securities and Exchange Commission. Other
unknown or unpredictable factors or underlying assumptions
subsequently proving to be incorrect could cause actual results to
differ materially from those in the forward-looking statements.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee
future results, level of activity, performance, or achievements.
You should not place undue reliance on these forward-looking
statements. All information provided in this press release is as of
today's date, unless otherwise stated, and Xponential undertakes no
duty to update such information, except as required under
applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211006005377/en/
David Robertson, Fishman Public Relations,
drobertson@fishmanpr.com or 847-945-1300
Xponential Fitness (NYSE:XPOF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xponential Fitness (NYSE:XPOF)
Historical Stock Chart
From Jul 2023 to Jul 2024