LA Fitness to open at SouthSide Works

The Soffer Organization formally announced that LA Fitness plans to open a facility at the SouthSide Works in the former 23,189 square foot location of Joseph-Beth Booksellers on the corner of 27th and Carson Streets.The two-level fitness center plans to open by the end of the year and employ 40 people. It will be the seventh location in the Pittsburgh area for LA Fitness LA Fitness Latest from The Business Journals Gym business undergoes upheavalEdwards Marq*E renovation unveiled, retail space lostNine West to close at SouthSide Works Follow this company .Damian Soffer, president and CEO of the Soffer Organization, called LA Fitness a “perfect addition” for the development and the South Side as a whole.
William Horner, senior vice president and chief real estate officer of LA Fitness International, said the new location is expected to appeal to residents of the South Side, Mount Washington and Oakland.The location will offer more than 80 pieces of the latest cardio equipment with individual viewing screens, circuit training, and free weight areas as well as group fitness classes that include indoor cycling, dance, Pilates and yoga in a facility somewhat smaller than other LA Fitness locations in the region.LA Fitness has begun distributing fliers to recruit new membership for the new South Side location, offering month-to-month no contract memberships with $99 registration and monthly dues of $29.99.
By: Tim Schooley covers retail, real estate, small business, hospitality and media for the Pittsburgh Business Times

LA Fitness to open at SouthSide Works

The Soffer Organization formally announced that LA Fitness plans to open a facility at the SouthSide Works in the former 23,189 square foot location of Joseph-Beth Booksellers on the corner of 27th and Carson Streets.The two-level fitness center plans to open by the end of the year and employ 40 people. It will be the seventh location in the Pittsburgh area for LA Fitness LA Fitness Latest from The Business Journals Gym business undergoes upheavalEdwards Marq*E renovation unveiled, retail space lostNine West to close at SouthSide Works Follow this company .Damian Soffer, president and CEO of the Soffer Organization, called LA Fitness a “perfect addition” for the development and the South Side as a whole.
William Horner, senior vice president and chief real estate officer of LA Fitness International, said the new location is expected to appeal to residents of the South Side, Mount Washington and Oakland.The location will offer more than 80 pieces of the latest cardio equipment with individual viewing screens, circuit training, and free weight areas as well as group fitness classes that include indoor cycling, dance, Pilates and yoga in a facility somewhat smaller than other LA Fitness locations in the region.LA Fitness has begun distributing fliers to recruit new membership for the new South Side location, offering month-to-month no contract memberships with $99 registration and monthly dues of $29.99.
By: Tim Schooley covers retail, real estate, small business, hospitality and media for the Pittsburgh Business Times

Health Club News…Five Gold’s Gyms converting to Fitness Connection health clubs

A Virginia company that owns five Gold’s Gyms in the Triangle is converting the health clubs to a new name and promising various improvements for members.McLean, Va.-based Titan Fitness is changing the local Gold’s locations to Fitness Connection clubs. Members will start to notice new signs as early as next week, said Titan spokesman Matt Amodeo.Health clubs changing hands often create hassles related to fees, contracts and other changes that spur complaints among members. But Amodeo said this transition should be seamless for local customers.The clubs’ staff, contracts and prices won’t change. The parent corporation is also the same and Titan plans to add new equipment, age-specific fitness programs, dietitians and other services.”We want to adopt an overall wellness approach,” Amodeo said. “We have more flexibility as an independent chain to add things members have been asking for.”Titan recently bought the Houston-based Fitness Connection chain and ended its affiliation with Gold’s. Titan owns 17 clubs in the Triangle; Greenville, N.C.; Houston, Texas; and Nevada.But one change will effect local members who travel. Previously, they could use other Gold’s Gyms across the country for free.Now members will have access to more than 9,000 clubs in other cities affiliated with the International Health, Racquet & Sportsclub Association. Many will offer free access, but some will charge a small fee, Amodeo said.The conversion of the Gold’s locations in this market will happen over the next three or four months, including various marketing and education efforts to explain the switch, Amodeo said. After that, Titan will look to add more Fitness Connection clubs in this region.The Gold’s Gyms that are converting to Fitness Connection are located in Raleigh at North Hills, on Six Forks Road and on Glenwood Avenue; in Cary on Kildaire Farm Road; and in the Durham side of Research Triangle Park on Emperor Blvd.

Health Club News…Five Gold’s Gyms converting to Fitness Connection health clubs

A Virginia company that owns five Gold’s Gyms in the Triangle is converting the health clubs to a new name and promising various improvements for members.McLean, Va.-based Titan Fitness is changing the local Gold’s locations to Fitness Connection clubs. Members will start to notice new signs as early as next week, said Titan spokesman Matt Amodeo.Health clubs changing hands often create hassles related to fees, contracts and other changes that spur complaints among members. But Amodeo said this transition should be seamless for local customers.The clubs’ staff, contracts and prices won’t change. The parent corporation is also the same and Titan plans to add new equipment, age-specific fitness programs, dietitians and other services.”We want to adopt an overall wellness approach,” Amodeo said. “We have more flexibility as an independent chain to add things members have been asking for.”Titan recently bought the Houston-based Fitness Connection chain and ended its affiliation with Gold’s. Titan owns 17 clubs in the Triangle; Greenville, N.C.; Houston, Texas; and Nevada.But one change will effect local members who travel. Previously, they could use other Gold’s Gyms across the country for free.Now members will have access to more than 9,000 clubs in other cities affiliated with the International Health, Racquet & Sportsclub Association. Many will offer free access, but some will charge a small fee, Amodeo said.The conversion of the Gold’s locations in this market will happen over the next three or four months, including various marketing and education efforts to explain the switch, Amodeo said. After that, Titan will look to add more Fitness Connection clubs in this region.The Gold’s Gyms that are converting to Fitness Connection are located in Raleigh at North Hills, on Six Forks Road and on Glenwood Avenue; in Cary on Kildaire Farm Road; and in the Durham side of Research Triangle Park on Emperor Blvd.

Health Club News…YMCA gym sold to Griffith Development LLC

Griffith Development LLC has bought the gym housing the Beaverton Family YMCA for $1.28 million, a sale that closed Monday afternoon, according to Dann Wonser, real estate broker at Macadam Forbes.

The previous property owner, Pardee Properties, managed by Tami Pardee, sold the site at 4925 S.W. Griffith Drive after settling a $1.5 million lawsuit with the YMCA of Columbia-Willamette.

In the lawsuit, Pardee alleged that the nonprofit broke its lease agreement by persuading members to join a competing gym and failing to repair or replace equipment.

As part of the settlement, the gym will close July 29 and transfer gym membership, group exercise programs and older-adult programs to the Beaverton Hoop YMCA. By the end of August, the YMCA will no longer have any financial obligations with Pardee.

Griffith Development, an investor, plans to remodel the site and reopen it fall 2012, according to Bruce Patton, YMCA vice president.

— Dominique Fong Follow @BvrtnReporter

Health Club News…YMCA gym sold to Griffith Development LLC

Griffith Development LLC has bought the gym housing the Beaverton Family YMCA for $1.28 million, a sale that closed Monday afternoon, according to Dann Wonser, real estate broker at Macadam Forbes.

The previous property owner, Pardee Properties, managed by Tami Pardee, sold the site at 4925 S.W. Griffith Drive after settling a $1.5 million lawsuit with the YMCA of Columbia-Willamette.

In the lawsuit, Pardee alleged that the nonprofit broke its lease agreement by persuading members to join a competing gym and failing to repair or replace equipment.

As part of the settlement, the gym will close July 29 and transfer gym membership, group exercise programs and older-adult programs to the Beaverton Hoop YMCA. By the end of August, the YMCA will no longer have any financial obligations with Pardee.

Griffith Development, an investor, plans to remodel the site and reopen it fall 2012, according to Bruce Patton, YMCA vice president.

— Dominique Fong Follow @BvrtnReporter

Health Club News….Former Peak Fitness Executives Charged with Fraud

Jeffrey Stec and Kenneth Handley, former executives of the bankrupt Peak Fitness club chain, have been charged with commercial loan fraud and money laundering conspiracy, the Charlotte Observer reports. Stec, who owned Peak Fitness, and Handley, who was the company’s chief financial officer, fraudulently obtained loans from Wells Fargo and Wachovia, loans that ended up costing the banking institutions almost $2 million combined, according to court documents filed in an indictment on Monday. Prosecutors say Stec and Handley wanted to purchase a condo on Isle of Palms, SC, for $915,000, and the money from a $590,000 commercial loan from Wachovia obtained in 2007 was diverted into Handley’s personal bank account, the newspaper reports. Handley later was approved for an $856,000 loan from Wells Fargo, most of which was transferred back into business accounts, the indictment says.
Stec also obtained three more loans from Wachovia in 2007 and 2008 totaling $3.8 million. The loans allegedly were intended to build or upgrade clubs in Winston-Salem, NC; Kingsport, TN; and Danville, VA, but the money was diverted to other purposes, according to the Observer. Prosecutors claim Wells Fargo lost about $230,000 and Wachovia about $1.7 million. Stec sold Fitness Management Group, the parent company of Peak Fitness, in 2007 and bought it back the following year. He also owned Peak Performance Motorsports, which he used for NASCAR competition, according to the indictment. Fitness Management Group filed for bankruptcy in 2009. Nevada-based Fuzion Investment Capital LLC bought the assets of Peak Fitness out of bankruptcy and later added Allstate Financial Group, Bothell, WA, as an investor. The former Peak Fitness clubs that remained in operation were changed to ZX Fitness. Last month, ZX Fitness closed three clubs in South Carolina.

Health Club News….Former Peak Fitness Executives Charged with Fraud

Jeffrey Stec and Kenneth Handley, former executives of the bankrupt Peak Fitness club chain, have been charged with commercial loan fraud and money laundering conspiracy, the Charlotte Observer reports. Stec, who owned Peak Fitness, and Handley, who was the company’s chief financial officer, fraudulently obtained loans from Wells Fargo and Wachovia, loans that ended up costing the banking institutions almost $2 million combined, according to court documents filed in an indictment on Monday. Prosecutors say Stec and Handley wanted to purchase a condo on Isle of Palms, SC, for $915,000, and the money from a $590,000 commercial loan from Wachovia obtained in 2007 was diverted into Handley’s personal bank account, the newspaper reports. Handley later was approved for an $856,000 loan from Wells Fargo, most of which was transferred back into business accounts, the indictment says.
Stec also obtained three more loans from Wachovia in 2007 and 2008 totaling $3.8 million. The loans allegedly were intended to build or upgrade clubs in Winston-Salem, NC; Kingsport, TN; and Danville, VA, but the money was diverted to other purposes, according to the Observer. Prosecutors claim Wells Fargo lost about $230,000 and Wachovia about $1.7 million. Stec sold Fitness Management Group, the parent company of Peak Fitness, in 2007 and bought it back the following year. He also owned Peak Performance Motorsports, which he used for NASCAR competition, according to the indictment. Fitness Management Group filed for bankruptcy in 2009. Nevada-based Fuzion Investment Capital LLC bought the assets of Peak Fitness out of bankruptcy and later added Allstate Financial Group, Bothell, WA, as an investor. The former Peak Fitness clubs that remained in operation were changed to ZX Fitness. Last month, ZX Fitness closed three clubs in South Carolina.

Health Club News……The Top 100 Health Clubs

By Stuart Goldman, managing editor
Click Here For Full Story.
Club Industry
On the surface, Club Industry’s Top 100 Clubs list for 2010 looks a lot like the Top 100 Clubs list for 2009. The top four clubs this year were the same top four clubs last year.24 Hour Fitness, San Ramon, CA, is once again at the top of the list with an estimated $1.352 billion in 2010 revenue. This marks the eighth consecutive year that 24 Hour has topped the Top 100 list. 24 Hour, a private company, did not provide a specific revenue number, instead stating that its revenue was more than $1 billion. However, based on the company’s number last year, we have estimated the $1.352 billion. Whereas 24 Hour listed more than 425 clubs in operation at the end of 2009, the company listed 420 clubs in operation at the end of 2010 after the relocation and closing of some clubs. LA Fitness, Irvine, CA, is second for the second year in a row with an estimated $1 billion in 2010 revenue. LA Fitness reported 36 more clubs in 2010 than it had in operation in 2009. (LA Fitness also would not offer a specific figure for 2010 revenue.) Earlier this year, LA Fitness was in discussions to acquire Urban Active, Lexington, KY, which is owned by parent company Global Fitness Holdings, but that deal fell through. Urban Active just missed making the top 10 on this year’s list, coming in at No. 11 with a reported $100.2 million, a 16 percent increase over its $86.7 million revenue in 2009. The proposed acquisition might have pushed LA Fitness into the No. 1 spot on next year’s Top 100 Clubs list. Life Time Fitness, Chanhassen, MN, is No. 3 on the list with a reported $912.8 million in revenue, a 9 percent increase from its 2009 revenue of a reported $837 million. Despite the recession of the previous two years, Life Time has steadily increased its revenue the past three years. It experienced a 9 percent increase in revenue in 2009 from $769.6 million in 2008. Club Corp., Dallas, holds steady at No. 4 with an estimated $812 million in 2010 revenue. Although the company did not provide specific numbers, a source confirmed that the $812 million estimate was in line with the same revenue the company reported in 2009.
The new club on this year’s list is not really a new name but perhaps the most intriguing. Bally Total Fitness, Chicago, which became a private company after two bankruptcies and did not report revenue figures a year ago, is No. 5 with a reported $550 million in 2010 revenue. That figure is a 48 percent decrease from its reported revenue of $1.059 billion in 2006. Bally’s decline includes a sharp drop from 2006 to 2007 revenue ($650 million) and a slight decrease from 2007 to 2008 revenue ($634 million). Bally reported 276 clubs in operation in 2010. That’s also a sharp decline from the 400 clubs it had in operation in 2006. Bally closed a number of clubs after its second bankruptcy in 2009. It remains to be seen whether Bally will appear on next year’s Top 100 Clubs list. As of the date this story was posted, there were indications of serious negotiations of a sale of Bally to Gold’s Gym International, Irving, TX, which would produce a seismic shift in the landscape of the industry. Gold’s, which is owned by private equity firm TRT Holdings, has not reported revenue figures for several years, although it did report 700 clubs in operation in 2010. A Bally sale has been rumored in the past, especially after its second bankruptcy. According to several sources, this time, a sale could be imminent. Town Sports International, New York, comes in at No. 6 on this year’s list with a reported $462.4 million in revenue. That’s a 5 percent decrease from 2009 ($485.4 million) and a 9 percent decrease from 2008 ($506.7 million). Planet Fitness, Newington, NH, continues its steady rise on the Top 100 Clubs list, ranking No. 7 with $157.1 million in 2010 revenue, a 21 percent increase from 2009 ($129.5 million). Planet Fitness, which was No. 8 last year and No. 10 two years ago, reported 390 clubs in operation compared to 310 in 2009. The 2010 revenue for Planet Fitness includes its 33.3 percent stake in PFNY LLC, Yonkers, NY, a Planet Fitness franchisee that operates 26 clubs in the New York City area. PFNY is No. 20 on this year’s Top 100 list with $56.3 million in 2010 revenue. Capital Fitness Inc., Big Rock, IL, which operates Xsport Fitness, is No. 8 with $142 million in revenue. Rounding out the top 10 are No. 9 Western Athletic Clubs, San Francisco ($121 million, which was a 13 percent increase in revenue), and No. 10 Lifestyle Family Fitness, St. Petersburg, FL ($102.4 million). After Urban Active at No. 11, the next four club companies on this year’s list also are familiar names in the industry: No. 12 Midtown Athletic Clubs, Chicago ($93 million); No. 13 Millennium Partners Sports Club Management, Boston ($92 million); No. 14 Sport and Health, McLean, VA ($90 million); and No. 15 Club One, San Francisco ($79.5 million). Of those four companies, Midtown Athletic Clubs experienced the greatest revenue growth—a 12 percent increase from its $83 million in revenue in 2009. Equinox, New York, which was No. 6 on last year’s Top 100 Clubs list with an estimated $344 million in revenue, did not provide numbers for this year’s list, so it has been moved to the missing club company list. For all companies on this year’s Top 100 Clubs list that did not provide specific revenue figures for 2010, their revenue was estimated flat.
After the July issue of Club Industry went to press, Spectrum Athletic Clubs, El Segundo, CA, reported it had $90 million in revenue in 2010, which would have placed the company in a tie for 14th on this year’s Top 100 Clubs list. However, because its 2009 revenue of $89.2 million was an estimate, the company does not appear on this year’s list. Also, New York Health and Racquet Club (NYHRC), New York, responded with its financial information for 2010 after the July issue deadline. NYHRC reported $41 million in revenue for 2010, which would have placed the company 27th on this year’s list. However, it is listed at No. 21 on this year’s list with a flat estimate of $55.7 million from 2009. One company that made a huge leap on the Top 100 Clubs list was American Leisure Corp., Nanuet, NY. American Leisure jumped from No. 83 on last year’s list (when it had an estimated $7.2 million) to No. 48 with a reported $20 million in 2010. Officials at the company credit the acquisition of a few big accounts—one of which is in Saudi Arabia—for the increase. PH Fitness Inc., dba Fitness First, Frederick MD, also had a dramatic increase in revenue. PH Fitness reported $36.8 million in 2010, good for 31st place on this year’s list. Last year, PH Fitness was at No. 45 after reporting $25 million in 2009. Owner Peter Harvey credits implementing personal training in his clubs for the rise in revenue.“Frankly, it’s getting more competitive than ever,” Harvey says.
Making its debut on the Top 100 Clubs list is Mountainside Fitness, Tempe, AZ, which tied for 44th with Healthworks Fitness Centers, Boston, with $23 million in 2010 revenue. Eight of the nine Mountainside clubs are in Arizona, with the other club located in Colorado. Anytime Fitness, Hastings, MN, and Snap Fitness, Chanhassen, MN—both 24-hour key-card club companies—climbed a few spots this year. Anytime Fitness reported $33.7 million in revenue in 2010, a 12 percent increase that moved it from 38th to 35th place on this year’s list. Snap Fitness reported $29 million in 2010 revenue, a 9 percent increase that moved it from 44th to 41st place. Cooper Fitness Center, Dallas, saw a decrease in revenue, caused by the fact that it no longer owns the Craig Ranch location but does have a management contract to run the facility. Cooper Fitness Center reported $8.3 million in 2010 revenue after reporting $12.4 million in 2009 revenue, resulting in a fall from 62nd to 78th place on this year’s list. Of the 100 companies on this year’s list, nearly half (47) reported increases in revenue from 2009 to 2010. Only 17 club companies reported decreases in revenue compared to 36 companies that had decreases on last year’s list. In some cases, revenue increases or decreases were influenced by the number of employees that companies reported in 2010. Of the 100 companies on this list, 28 gained employees, and 28 had fewer employees than they had in 2009. Almost one-fourth of the companies (23) had no change in their number of employees. The Top 100 Clubs list ranks club companies by revenue in the previous year. It is not intended to rank clubs based on quality or segment service.
Missing Clubs
The following clubs and franchisors are large enough to be included on the Top 100 Clubs list, but their owners did not complete a Top 100 Clubs form, and we were not able to find another way to estimate their revenue.

The Alaska Clubs, Anchorage, AK
Bailey’s Gym Inc., dba Powerhouse Gyms, Jacksonville, FL
Brick Bodies, Cockeysville, MD
California Family Fitness, Orangevale, CA
Champion Fitness Inc., dba Bally Total Fitness, Syracuse, NY
Chelsea Piers, New York, NY
Club Fit, Jefferson Valley, NY
Curves, Waco, TX
Equinox, New York, NY
Fitness USA, West Bloomfield, MI
Franco’s Athletic Clubs, Mandeville, LA
Gold’s Gym International, Irving, TX
Healthplex Sports Club, Springfield, PA
In-Shape Health Club Inc., Stockton, CA
Lady of America, Fort Lauderdale, FL
Lakeshore Athletic Clubs, Chicago
MVP Sportsclubs, Orlando, FL
PRO Sports Club, Bellevue, WA
SIM Investment Corp., dba The Right Stuff Health Club, San Jose, CA
Spectrum Athletic Clubs, El Segundo, CA
Titan Fitness Holdings, McLean, VA
Wheaton Sports Center, Wheaton, IL
Women’s Workout World, Chicago
WOW! Work Out World, Wall, NJ
WTS International, Rockville, MD

Health Club News……The Top 100 Health Clubs

By Stuart Goldman, managing editor
Click Here For Full Story.
Club Industry
On the surface, Club Industry’s Top 100 Clubs list for 2010 looks a lot like the Top 100 Clubs list for 2009. The top four clubs this year were the same top four clubs last year.24 Hour Fitness, San Ramon, CA, is once again at the top of the list with an estimated $1.352 billion in 2010 revenue. This marks the eighth consecutive year that 24 Hour has topped the Top 100 list. 24 Hour, a private company, did not provide a specific revenue number, instead stating that its revenue was more than $1 billion. However, based on the company’s number last year, we have estimated the $1.352 billion. Whereas 24 Hour listed more than 425 clubs in operation at the end of 2009, the company listed 420 clubs in operation at the end of 2010 after the relocation and closing of some clubs. LA Fitness, Irvine, CA, is second for the second year in a row with an estimated $1 billion in 2010 revenue. LA Fitness reported 36 more clubs in 2010 than it had in operation in 2009. (LA Fitness also would not offer a specific figure for 2010 revenue.) Earlier this year, LA Fitness was in discussions to acquire Urban Active, Lexington, KY, which is owned by parent company Global Fitness Holdings, but that deal fell through. Urban Active just missed making the top 10 on this year’s list, coming in at No. 11 with a reported $100.2 million, a 16 percent increase over its $86.7 million revenue in 2009. The proposed acquisition might have pushed LA Fitness into the No. 1 spot on next year’s Top 100 Clubs list. Life Time Fitness, Chanhassen, MN, is No. 3 on the list with a reported $912.8 million in revenue, a 9 percent increase from its 2009 revenue of a reported $837 million. Despite the recession of the previous two years, Life Time has steadily increased its revenue the past three years. It experienced a 9 percent increase in revenue in 2009 from $769.6 million in 2008. Club Corp., Dallas, holds steady at No. 4 with an estimated $812 million in 2010 revenue. Although the company did not provide specific numbers, a source confirmed that the $812 million estimate was in line with the same revenue the company reported in 2009.
The new club on this year’s list is not really a new name but perhaps the most intriguing. Bally Total Fitness, Chicago, which became a private company after two bankruptcies and did not report revenue figures a year ago, is No. 5 with a reported $550 million in 2010 revenue. That figure is a 48 percent decrease from its reported revenue of $1.059 billion in 2006. Bally’s decline includes a sharp drop from 2006 to 2007 revenue ($650 million) and a slight decrease from 2007 to 2008 revenue ($634 million). Bally reported 276 clubs in operation in 2010. That’s also a sharp decline from the 400 clubs it had in operation in 2006. Bally closed a number of clubs after its second bankruptcy in 2009. It remains to be seen whether Bally will appear on next year’s Top 100 Clubs list. As of the date this story was posted, there were indications of serious negotiations of a sale of Bally to Gold’s Gym International, Irving, TX, which would produce a seismic shift in the landscape of the industry. Gold’s, which is owned by private equity firm TRT Holdings, has not reported revenue figures for several years, although it did report 700 clubs in operation in 2010. A Bally sale has been rumored in the past, especially after its second bankruptcy. According to several sources, this time, a sale could be imminent. Town Sports International, New York, comes in at No. 6 on this year’s list with a reported $462.4 million in revenue. That’s a 5 percent decrease from 2009 ($485.4 million) and a 9 percent decrease from 2008 ($506.7 million). Planet Fitness, Newington, NH, continues its steady rise on the Top 100 Clubs list, ranking No. 7 with $157.1 million in 2010 revenue, a 21 percent increase from 2009 ($129.5 million). Planet Fitness, which was No. 8 last year and No. 10 two years ago, reported 390 clubs in operation compared to 310 in 2009. The 2010 revenue for Planet Fitness includes its 33.3 percent stake in PFNY LLC, Yonkers, NY, a Planet Fitness franchisee that operates 26 clubs in the New York City area. PFNY is No. 20 on this year’s Top 100 list with $56.3 million in 2010 revenue. Capital Fitness Inc., Big Rock, IL, which operates Xsport Fitness, is No. 8 with $142 million in revenue. Rounding out the top 10 are No. 9 Western Athletic Clubs, San Francisco ($121 million, which was a 13 percent increase in revenue), and No. 10 Lifestyle Family Fitness, St. Petersburg, FL ($102.4 million). After Urban Active at No. 11, the next four club companies on this year’s list also are familiar names in the industry: No. 12 Midtown Athletic Clubs, Chicago ($93 million); No. 13 Millennium Partners Sports Club Management, Boston ($92 million); No. 14 Sport and Health, McLean, VA ($90 million); and No. 15 Club One, San Francisco ($79.5 million). Of those four companies, Midtown Athletic Clubs experienced the greatest revenue growth—a 12 percent increase from its $83 million in revenue in 2009. Equinox, New York, which was No. 6 on last year’s Top 100 Clubs list with an estimated $344 million in revenue, did not provide numbers for this year’s list, so it has been moved to the missing club company list. For all companies on this year’s Top 100 Clubs list that did not provide specific revenue figures for 2010, their revenue was estimated flat.
After the July issue of Club Industry went to press, Spectrum Athletic Clubs, El Segundo, CA, reported it had $90 million in revenue in 2010, which would have placed the company in a tie for 14th on this year’s Top 100 Clubs list. However, because its 2009 revenue of $89.2 million was an estimate, the company does not appear on this year’s list. Also, New York Health and Racquet Club (NYHRC), New York, responded with its financial information for 2010 after the July issue deadline. NYHRC reported $41 million in revenue for 2010, which would have placed the company 27th on this year’s list. However, it is listed at No. 21 on this year’s list with a flat estimate of $55.7 million from 2009. One company that made a huge leap on the Top 100 Clubs list was American Leisure Corp., Nanuet, NY. American Leisure jumped from No. 83 on last year’s list (when it had an estimated $7.2 million) to No. 48 with a reported $20 million in 2010. Officials at the company credit the acquisition of a few big accounts—one of which is in Saudi Arabia—for the increase. PH Fitness Inc., dba Fitness First, Frederick MD, also had a dramatic increase in revenue. PH Fitness reported $36.8 million in 2010, good for 31st place on this year’s list. Last year, PH Fitness was at No. 45 after reporting $25 million in 2009. Owner Peter Harvey credits implementing personal training in his clubs for the rise in revenue.“Frankly, it’s getting more competitive than ever,” Harvey says.
Making its debut on the Top 100 Clubs list is Mountainside Fitness, Tempe, AZ, which tied for 44th with Healthworks Fitness Centers, Boston, with $23 million in 2010 revenue. Eight of the nine Mountainside clubs are in Arizona, with the other club located in Colorado. Anytime Fitness, Hastings, MN, and Snap Fitness, Chanhassen, MN—both 24-hour key-card club companies—climbed a few spots this year. Anytime Fitness reported $33.7 million in revenue in 2010, a 12 percent increase that moved it from 38th to 35th place on this year’s list. Snap Fitness reported $29 million in 2010 revenue, a 9 percent increase that moved it from 44th to 41st place. Cooper Fitness Center, Dallas, saw a decrease in revenue, caused by the fact that it no longer owns the Craig Ranch location but does have a management contract to run the facility. Cooper Fitness Center reported $8.3 million in 2010 revenue after reporting $12.4 million in 2009 revenue, resulting in a fall from 62nd to 78th place on this year’s list. Of the 100 companies on this year’s list, nearly half (47) reported increases in revenue from 2009 to 2010. Only 17 club companies reported decreases in revenue compared to 36 companies that had decreases on last year’s list. In some cases, revenue increases or decreases were influenced by the number of employees that companies reported in 2010. Of the 100 companies on this list, 28 gained employees, and 28 had fewer employees than they had in 2009. Almost one-fourth of the companies (23) had no change in their number of employees. The Top 100 Clubs list ranks club companies by revenue in the previous year. It is not intended to rank clubs based on quality or segment service.
Missing Clubs
The following clubs and franchisors are large enough to be included on the Top 100 Clubs list, but their owners did not complete a Top 100 Clubs form, and we were not able to find another way to estimate their revenue.

The Alaska Clubs, Anchorage, AK
Bailey’s Gym Inc., dba Powerhouse Gyms, Jacksonville, FL
Brick Bodies, Cockeysville, MD
California Family Fitness, Orangevale, CA
Champion Fitness Inc., dba Bally Total Fitness, Syracuse, NY
Chelsea Piers, New York, NY
Club Fit, Jefferson Valley, NY
Curves, Waco, TX
Equinox, New York, NY
Fitness USA, West Bloomfield, MI
Franco’s Athletic Clubs, Mandeville, LA
Gold’s Gym International, Irving, TX
Healthplex Sports Club, Springfield, PA
In-Shape Health Club Inc., Stockton, CA
Lady of America, Fort Lauderdale, FL
Lakeshore Athletic Clubs, Chicago
MVP Sportsclubs, Orlando, FL
PRO Sports Club, Bellevue, WA
SIM Investment Corp., dba The Right Stuff Health Club, San Jose, CA
Spectrum Athletic Clubs, El Segundo, CA
Titan Fitness Holdings, McLean, VA
Wheaton Sports Center, Wheaton, IL
Women’s Workout World, Chicago
WOW! Work Out World, Wall, NJ
WTS International, Rockville, MD

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