Pure Barre is more than just a barre workout; it's a lifestyle. He sensed an opportunity when he realized how undervalued the brand was, and he purchased the gym with an eye towards national expansion. In partnership with its franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 12 additional countries. Housing such brand names as Pure Barre, Club Pilates, Row House and CycleBar, Xponential Fitness is worth hundreds of millions today, with international expansion planned for the UK, Japan, Australia and Mexico. Xponential has a demonstrated history of seamlessly integrating brands, and this acquisition expands our portfolio of boutique fitness offerings to include a functional strength and HIIT (high intensity interval training) based product that is complementary to our existing modalities. Health clubs, gyms and studios in all states were closed for at least one month last year. So, we try to facilitate that balance for them.. Transform your body, your mind, and your life with Body Fit Training. Our Brands View All > BY THE NUMBERS 10 Markets never sleep, and neither does Bloomberg. Xponential is betting it can have success internationally and operates outside the U.S. in a master-franchise model in markets like Japan and Australia. And it all started with one idea. Request more information on bringing the Rumble experience in your community. In Payments, Like Geopolitics, India Seeks a Third Way, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Vietnams VinFast Delivers First EVsto US Customers, Musk Tamps Down Speculation That Tesla Will Mine Lithium, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, is planning a U.S. initial public offering, according to people with knowledge of. In the video, an employee or owner of Amy's Pizzeria & Italian Restaurant is shown standing at the . Apply to Franchise > Our Brands View All > The Experiences IN-STUDIO Markets never sleep, and neither does Bloomberg. Xponential Fitness falls -12.4% February 8, 2023TipRanks. Mr. Hagopian received a B.S. They worked hard." A hundred and fifty Body Fit Training studios are slated to open within the next year. Looking ahead: . Musks TeslaMaster Plan Lacks Drive. Founded in 2017 and headquartered in Irvine, California , Xponential Fitness, Inc., is a curator of leading boutique fitness brands across multiple verticals. About Xponential Fitness, Inc. Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, is planning a U.S. initial public offering, according to people with knowledge of the matter. They must know the names of winning horses and lottery numbers, too. It's really easy to run one brand, but when you bring nine into a portfolio, its a different level of complexity, says Xponential CFO John Meloun. Markets never sleep, and neither does Bloomberg. Prior to that, Mr. Meloun served as a Senior Director of Financial Planning and Analysis at the University of Phoenix, where he provided guidance to the Chief Financial Officer and Vice President. Since then, the franchisor has expanded to nine fitness brands, including Rumble Boxing, Club Pilates, CycleBar, Pure Barre, Row House, StretchLab, YogaSix, STRIDE and AKT. Before joining Xponential, Mr. In addition to Club Pilates, he has brought 9 other brands onto the platform since, creating the largest boutique fitness franchise company in the world, with over 2,000 global locations. Junk has served as our Chief Operating Officer since May 2021, and prior to that, served as our Chief Strategy Officer and President for CycleBar since November 2017. The company will seek to raise about $300 million in the offering at a valuation of about $1 billion, said one of the people, who asked not to be identified because the information was private. According to its filings, system-wide sales in 2020 fell 21.2% to $422.1 million, from $560.4 million the year prior. var asdate=new Date();var q='&tz='+asdate.getTimezoneOffset()/60 +'&ck='+(navigator.cookieEnabled? Founded in 2017 in New York City, Rumble is boxing-inspired group fitness designed for all levels from beginner to advanced. According to the findings of an independent analysis commissioned by Frost & Sullivan outlined in the companys filings, the total market opportunity of the U.S. boutique fitness market was $21.1 billion in 2019 and is expected to recover to $22.1 billion by 2022, according to an independent industry analysis by research firm Frost & Sullivan (which was outlined in the companys filings). Xponential Fitness CEO Anthony Geisler, left, with Shaun Grove, who will lead Rumble after growing Club Pilates to nearly 600 units. We see significant opportunity to expand BFTs existing studio base both in the U.S. and internationally, as we leverage the Xponential Playbook to provide robust franchisee support, implement best practices and leverage synergies across our entire portfolio.. Their work ethic and devotion to the family was inspiring for Anthony. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. Junk studied Sports Medicine at Foothill College. It attributed the growth to equipment installations and royalties from sales in North America. and an M.B.A. from Arizona State University. It will either work out well or it will become a learning experience. "Then the economicshow much money do these boxes make and is it something we can replicate," continued Geisler of his criteria. Xponential Fitness Inc., the franchise owner of boutique fitness brands including Club Pilates and CycleBar, downsized its initial public offering and priced it below a marketed range to raise $120 million. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. This latest purchase comes after a March 2021 acquisition of Rumble, a boxing studio business that signed a franchise agreement in Australia this year, anticipating 100 studios opening in the future. Tell us About Yourself General Managers are responsible for meeting studio sales goals, membership renewals and ancillary service goals by pre-planning with strategic new customer outreach, in-club leads (first time riders) and securing member referrals. First name. On my 5-day sailing on the Discovery Princess, there were 6 Pure Barre classes offered (either 1 . Pure Barre, YogaSix and StretchLab fitness classes are now available to guests . Highly recommend!, I travel a lot for work, and this app has been great to keep up on my fitness routine while staying in hotels and being on the road. Yoga is a personal practice but at YogaSix we believe it's shared together with a community that uplifts each other and supports progression, both on and off the mat. Were kicking ass and having a good time, and were doing something nobody has ever done, he says. As a kid, I thought that was the greatest thing ever, but when my friend came to my house, he thought it was wonderful to have my mom make us burritos. Inspired by his parents work ethic and his own desire to provide for his family, Anthony embarked on a career of entrepreneurship at an early age, leading to his success today as the CEO of one of the biggest fitness brands in the US. . Why? The company served more than 850,000 customers in 2020 via in-studio and streaming workouts during the height of the pandemic. Were about to drop some truth bombshow you fight is how you live. IRVINE, Calif., February 27, 2023--Xponential Fitness, Inc. (NYSE: XPOF) (the "Company" or "Xponential Fitness"), the largest global franchisor of boutique fitness brands, today announced. What that tells us is that boutique fitness is strong, that the consumers that use it are returning back to the gym.. Having been recognized for his entrepreneurial spirit at the University of Southern California in 1999, he created and sold a web development business for US$20,000 within a year of graduating. IRVINE, Calif., September 12, 2022 -- ( BUSINESS WIRE )--Xponential Fitness, Inc. (NYSE: XPOF), the largest global franchisor of boutique fitness brands, today announced an exclusive. from University of Southern California. Meloun isn't worried about pressure from brands like Peloton and Orangetheory. Im amazed by the kind of executives who work on 10-year business plans. Updated Nov 9, 2021, 11:51am PST. BFT uses science and technology-based training techniques to drive individual member health goals in an inclusive, coach-led group environment. The company was founded by Anthony Geisler, the former CEO of LA Boxing who bought Club Pilatesa small collection of boutique Reformer Pilates studios that has since grown to 900 licensed locationsin early 2015. From boxing to barre and everything in between A healthier, better looking, and more successful you starting at $9.99 per month. With a proven concept in a number of competitive markets, Rumble has extensive market potential - be the first to bring Rumbles truly unique and highly efficient boxing-inspired group fitness concept to your local market! And it all started with one idea. I treat the brand presidents as entrepreneurs and allow them to make certain decisions that I may or may not agree with. It wasnt glamorous work, Anthony tells The CEO Magazine. 2,220+ STUDIOS OPEN 4,684+ LICENSES AWARDED 48 STATES REQUEST FORM Request more information on bringing the Rumble experience in your community. Courtney has a BA in Media & Communications studies. Xponential intends to raise a total of $120 million from the IPO. Xponential is rolling out Xponential+ (XPLUS), its improved live and on-demand fitness app. Mr. Geisler holds a B.A. Financial Performance* Collaborate with Studio Owner to set monthly, weekly, and daily targets; Xponential Fitness IPO follows the public offering last week of Mark Wahlberg-backed franchise studio operator F45 Training. The company attributes the decline to a decrease in new studio openings and a loss in merchandising revenue. Mr. Meloun has served as our Chief Financial Officer since July 2018. Leverage development costs and national vendor relationships to launch your studio successfully. Live market coverage co-anchored from Hong Kong and New York. My model suggests a price target of ~$50.44 or ~160% upside in FY25 from today's share price of $19.47. The estimated investment required to open a Xponential Fitness Franchise is between $283,300-$452,800. We all have things were fighting for in this life, and Rumble is an opportunity to battle prep. I couldnt tell you about the challenges we will face in five years because Im not psychic, he says. A fitness class held outside a CycleBar in Culver City, California. This assumes that revenue will grow in the mid-teens until 2026e, EBITDA margins will . I believe that if people dont have that time with their family, then they probably arent focused on whats going on at work. Recognizing the potential of boutique fitness clubs, Geisler founded Xponential in 2017, making Club Pilates the companys first brand. Previously, Mr. Hagopian served in several general counselor other legal executiveroles at both publicly-traded and privately-held growth companies. The classes are broken up into manageable intervals, but don't get me wrong - you WILL work. Our content creates conversations, our voice is the one that matters. XPLUS. Founded in 2017 and headquartered in Irvine, California, Xponential Fitness, Inc. is a curator of leading boutique fitness brands across multiple verticals. Earlier in his career, Mr. Meloun served as World Wide Financial Planning & Analysis Manager at Emerson Network Power, and, prior to that, Mr. Meloun held various roles at Motorola, most recently serving as Senior Marketing and Engineering Analyst. is set to give its latest quarterly earnings report on Thursday, 2023-03-02. In partnership with its franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 12 additional countries. StretchLab is an open, energetic studio designed to get your body moving the way it was intended to. Listing could value Club Pilates brand owner at $1.3 billion, California firm acquired boxing franchise Rumble in March. . ", I wasn't motivated with my workouts before now. They worked their butts off, he says. And a Car. I think what makes boutique fitness so special is exactly the in-person energy, the ability to leave your house, the ability to go and see similar people.. Mr. The company offers XPASS, a fitness pass that allows members to attend classes across the company's nine brands, and gets "consumers who like to snack around within boutique fitness" to stick around, he says. Thats what Xponential Fitness CEO Anthony Geisler says motivated him to start his own business. 'Y':'N') +'&jv='+(navigator.javaEnabled()? With our carefully curated playlists, high energy music, disco ball bumping and a supportive community, you will instantly feel welcome at AKT. Xponential Fitness is set to open boutique studios inside LA Fitness and City Sports Club locations, with a minimum commitment of 350 franchise locations over five years. Analysts . Growing up, he was acutely aware of the disadvantage some other children his age experienced in not having the influence of a solid family unit. I cant tell you who isnt coming in, or whos leaving early, or who was late today, and thats because I treat all our employees as adults. At Pure Barre, women and men share a sense of community that inspires and empowers each others' goals. Here's what investors need to know before the announcement. Overnight on Wall Street is daytime in Asia. regional and company-wide meetings and trainings as needed * Work closely with Studio Owner, District General Manager and National Sales Director to ensure health and profitability of . In Payments, Like Geopolitics, India Seeks a Third Way, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Vietnams VinFast Delivers First EVsto US Customers, Musk Tamps Down Speculation That Tesla Will Mine Lithium, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Junk co-founded R.L.J Consulting Group, LLC, a fitness consulting firm. For $19 to $249 a month, subscribers can work out at 2,000+ US locations. Later in 2017, Mr. Geisler created Xponential Fitness, with the vision of integrating leading boutique fitness brands across all fitness verticals on one platform. Anthony Geisler, CEO and Founder of Xponential Fitness His father owned a food brokerage business, and likewise spent as much time selling candy as he did arranging store displays. Cost: $30 (two complimentary fitness classes are included with Princess Plus and unlimited fitness classes are included with Princess Premier) Class Length: 30 Minutes Times Offered: Specific times will vary depending on ship and itinerary, but classes generally take place between 7-10am and 5-7pm. They worked hard.. Xponential Fitness price target raised to $31 from $29 at Citi February 15, 2023TipRanks. As with many fitness brands, the pandemic took its toll on Xponential. Immediately prior to joining Xponential, Mr. Hagopian served as General Counsel of Newlight Technologies, Inc., a biotechnology and manufacturing start-up. Founder, Director and Chief Executive Officer. It was hard, manual, laborious work. Total revenue was $106.6 million last year, down 17.4%. Musks TeslaMaster Plan Lacks Drive. He has dedicated most of his career to franchising When Anna Kaiser sold her dance-based fitness concept called AKT, which stands for Anna Kaiser Technique and is popular with celebrity clients like Shakira and Kelly Ripa, to Xponential Fitness in March 2018, both seller and buyer had glowing words for the other. Name and Address of Reporting Person* H&W Investco II LP (Last) (First) (Middle) 113 BUFFALO BAY ROAD (Street) MADISON CT 06443 (City) (State) (Zip) 1. STRIDE indoor running studios offer coached classes on state-of-the-art Woodway Treadmills and a unique program designed for both walkers and runners. Welcome to the worlds best studio workouts, on demand. With rides designed for all fitness levels, we promise to empower, inspire and elevate you throughout every day. Job posted 5 hours ago - Xponential Fitness LLC is hiring now for a Full-Time Boutique Fitness Sales Manager in Shrewsbury, NJ. About Xponential Fitness, Inc. What Could Elon Musk Possibly Be Thinking? With decades of fitness and franchising experience across our team, Xponential Fitness has the resources and network to ensure continued growth and support for our franchise owners. Elevate your corporate wellness program with a boutique benefit. Obviously, people need to do their jobs, but were not micromanaging. The longevity and team spirit Anthony has cultivated is based on the respect and independence he gives his staff. Years because im not psychic, he says to drive individual member health goals in an,., EBITDA margins will will either work out well or it will become a learning experience the to... 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