Jetts Group takes leading position as highest-ranking health and fitness franchise in BRW Fast Franchises 2013
- Following 200th club opening, NSW is the next key growth target area
Group aims for 350 successful clubs in Australasia by end of 2015
Friday 1st March 2013: Australia's leading 24/7 health and fitness group, Jetts, is the #1 ranking fitness group in the 2013 BRW Fast Franchise list, ranking at #2 overall and taking lead position as the fastest growing franchise in Australia in the fitness industry.
Adrian McFedries, Jetts Group Managing Director attributes the franchise model's growth and success to a consistent and steady approach:
"To be recognised by BRW yet again for our solid business practices and exceptional growth is a fantastic honour. Having pioneered the 24/7, no contracts, gym concept in Australia six years ago, it is testament to our team commitment and relentless consistency that we now have 200 clubs - a milestone we celebrated earlier this month. In terms of franchise growth our focus is on quality, not quantity, and we have great franchise partners who choose Jetts as an active investment."
With their sights on expansion in NSW in 2013, Jetts will target a further 50 clubs to add to its Australasian network this year alone and 350 successful clubs in Australasia by the end of 2015.
"Growth is strong in both outlet numbers and per club membership. We have a focused strategy to go after suitable, a-grade real estate for new clubs in NSW in particular. An average Jetts gym has a start-up cost of between $500,000 to $600,000 and a time investment of 5-10 hours per week for franchisees. Ours is an accredited franchise system through Westpac so we have an avenue to assist our network with a strong financing solution," he continued.
The group is targeting a 53 per cent increase in turnover this year having reported revenue of $74 million for 2011-2012 and average annual revenue growth of 219 per cent over the past three years.
McFedries continued, "The network has been consistent in achieving strong financial results. For club owners, it's reassuring to know our business model is succeeding and the focus we place on the member is just one factor that ensures we take leading positions in rankings such as BRW Fast Franchises. We focus on providing members with the best choice to suit their lifestyle; low fees, no contracts, 24/7 access, high quality equipment and access to qualified, expert staff."
In addition to celebrating their 200th club, the group was recently named the ‘Canstar Blue #1 gym for Customer Satisfaction’ which recognised Jetts as the best in the industry affording the clubs a five star rating for overall customer satisfaction, value for money, and flexibility of membership.
"Members have the freedom to choose and we're thrilled they continue to choose Jetts; our mission is to be the consumers’ ultimate choice in health and fitness," he said.