Gym Group on course to meet targets for 2017 | Leisure Opportunities
Leisure Opportunities

Leisure Opportunities

Job Search
see all jobs
Job opportunities
Bluecoat Sports Health & Fitness Club
£18,000 pa + membership sales commission
Horsham, United Kingdom
Raby Castle
Darlington, United Kingdom
Age UK Oxfordshire
£20,930 pa (£11.50 per hour)
Abingdon, Oxfordshire, United Kingdom
Simply Gym
£24,000 - £28,000 pa dependant upon experience
Bedford, United Kingdom
The Dungeons
San Francisco, CA, United States

Gym Group on course to meet targets for 2017

Job opportunities
Stevenage Leisure Limited
location: Oakham, United Kingdom
Sandown Sports Club
£18,785 per annum
Inspiring healthy lifestyles
£25,390 - £30,119 per annum
location: Selby, United Kingdom
more jobs

The Gym Group is on course to meet its target of new openings for 2017, with 17 sites in the pipeline.

In a pre-close trading statement, the low-cost gym announced it was on course to meet towards the top end of its guidance range of 15 to 20 openings each year.

Fifteen new gyms opened in 2016, bringing the total estate to 89.

Of the four sites acquired from Fitness First UK in September 2016, one site has opened, two sites are being fitted out and one will shortly have its lease completed.

The statement said for the year to 31 December 2016, total revenue growth was 22.6 per cent for the year versus 2015.

Year-end net debt was down to £5.2m, from £7.1m in 2015.

Membership at the end of 2016 stood at 448,000, up 19.1 per cent from 376,000 at the end of December 2015. Average members for 2016 was 429,000, up 20.8 per cent from 355,000 in 2015.

John Treharne, Gym Group chief executive officer, said: "This has been another year of rapid progress growing the number of sites in our estate by over 20 per cent and achieving our financial goals. Our 2016 openings are performing well.

"Our low-cost highly affordable model, with a known and predictable cost base, is arguably even more relevant in today's uncertain economic climate. Our pipeline for new sites in 2017 is the strongest we have ever had with strong cash generation to fund future openings.

"We remain excited about the growth opportunities that our low-cost model brings and look forward to continued profitable progress in 2017."

The company expects to announce its preliminary results in mid-March.

Sign up for FREE ezines & magazines
The Gym Group is on course to meet its target of new openings for 2017, with 17 sites in the pipeline.
John Treharne says the pipeline for new sites in 2017 is the strongest the company has ever had.


Fitness franchise énergie Group has opened thé Yard - a new signature training concept that will be rolled out at its énergie and Fit4less clubs ... Read more
Swiss artist Felice Varini and the Chilean architecture practice Pezo von Ellrichshausen have been commissioned to design an ambitious temporary outdoor structure in the historic ... Read more
Tech startup Neurable has taken virtual reality to the next level, creating computer interfaces for the brain to allow users to control the technology using ... Read more
The historic Grayshott Spa in Surrey has been acquired by Austria-based health and medical resort specialists the Lanserhof Group. The family-run Lanserhof, which owns spas ... Read more
A curatorial development fund worth £500,000 (US$645,000, €550,000) has been created to help already established curators of museums and galleries in the UK learn new ... Read more
The All England Club is pushing forward with its plans to cover the No. 1 Court at Wimbledon. The new, retractable roof will form part ... Read more
Focus Training
Focus Training
One of the biggest misconceptions made in the physical activity sector is that retired people cannot train hard. Writing in the latest issue of Health ... Read more
One of the UK's biggest destination spas, the Lifehouse Spa and Hotel in the village of Thorpe le Soken, Essex, has had expansion plans scuppered ... Read more
Table Tennis England’s public funding has been reinstated after the national governing body finally agreed to a package of reforms compliant with the government’s Code ... Read more
An increasing number of local authority-owned leisure centres are being upgraded with spa facilities, as operators embrace the emerging trend to provide members with wellness. ... Read more
Brentford Football Club has revised plans for its new stadium, with the capacity set to decrease from 20,000 seats to 17,250. The Championship team has ... Read more
The official reopening of the redeveloped Westway Sport & Fitness Centre in North Kensington has been used to help those affected by the Grenfell Tower ... Read more
Active IQ
Active IQ
Around 250,000 holidaymakers from China spent more than £1bn in the UK last year, marking the increased importance of the country to the UK’s tourism ... Read more
A new spa and hotel could be developed in the village of Chipping, in the Forest of Bowland. Kirk Mill, with its 11-acres (4.5-hectare) of ... Read more
The team behind family-run gym operator truGym has launched a 1,600sq ft (149sq m) HIIT (high-intensity interval training) boutique studio in Bromley, Kent, with plans ... Read more
1 - 15 of 36,644