The Entrepreneur magazine recently announced their 42nd Annual Franchise 500® ranking. This ranking is one of the most recognised and valued in the franchise industry. It is quite an achievement for Crunch Fitness to be listed among the Franchise 500® ranking and thus proves its potential as an outstanding investment opportunity in the fitness franchise industry. Crunch Fitness ranks #52 among the highly competitive list of franchises.
“For us to improve our ranking so dramatically during the last year is a testament to the strength of our franchisees, our team, our members, and ultimately the Crunch brand. We are very thankful to everyone that has worked so hard at keeping Crunch thriving even during these challenging times, and we are very excited for the future,” says Ben Midgley, CEO of Crunch Franchising.
The Franchise 500® is based on multiple factors. This includes costs and fees, size and growth, support, brand strength, and financial strength and stability. The total score for each franchise from 150 data points is calculated. The Franchise 500® list of brands are then ranked based on their aggregate scores.
Crunch as a gym aims to create a fun environment for everyone towards fitness. Moreover, their “No judgment” mantra serves the fitness community or all types of people, with all kinds of goals. Besides, they are well known for creating their one-of-a-kind group fitness classes and unique programs for their wildly diverse members.
Headquartered in New York City, Crunch serves over 1,600,000 members with over 360 gyms worldwide in 32 states, the District of Columbia, Puerto Rico, Canada, Spain, Australia, and Costa Rica. Crunch is rapidly expanding across the U.S. and around the globe.
Source: PR Newswire
Get to know who are the industry key players, visit our Interview of the Week page.
To stay updated, visit our Franchise News section.
To learn more, visit our Franchising Tips section.