Xponential+Fitness%2C+Inc. (NYSE: XPOF), the biggest international franchisor of boutique health manufacturers, introduced right now it has signed a Grasp Franchise Settlement in Japan for CycleBar, the world’s largest indoor biking model. The settlement, signed with Xponential’s Grasp Franchisee for Membership Pilates in Japan, provides the Grasp Franchisee the chance to license no less than 30 CycleBar studios in Japan over the subsequent 10 years. It follows latest bulletins of recent grasp franchise agreements by Xponential Health for the UK and Mexico. The brand new studios will increase CycleBar’s worldwide footprint exterior of North America to a few international locations, following Grasp Franchise Agreements in Australia and New Zealand. The primary CycleBar studio in Japan is predicted to open in 2023.
The Grasp Franchisee for CycleBar in Japan is entrepreneur Naoki Shimabukuro, CEO of Membership Pilates Japan Co. Ltd. Along with his function as Grasp Franchisee for CycleBar and Membership Pilates, Shimabukuro is the Founding father of Idealink Company, an web media and franchise advertising company, and was the organizer of the 2016 Worldwide Franchise Expo in Tokyo. The addition of CycleBar will increase on Shimabukuro’s present footprint within the Japanese market the place Membership Pilates has eight studios open and a number of other extra slated to open by the tip of 2022.
“Japan is among the many world’s prime ten health markets, and we’re assured that CycleBar will develop into one of many nation’s prime boutique health manufacturers below Naoki’s management,” mentioned John Kersh, Chief Worldwide Improvement Officer of Xponential Health. “His early success with Membership Pilates is a testomony to the rising enthusiasm for boutique health from Japanese customers.”
“The timing is superb for us to carry the immersive expertise of CycleBar to Japan,” mentioned Shimabukuro. “Japanese prospects have an growing curiosity in health and dedication to their well being, and are searching for new and modern choices for his or her exercise routines like CycleBar. Our crew’s objective is to construct CycleBar and Membership Pilates into essentially the most acknowledged and standard boutique health manufacturers in Japan.”
In 2020, CycleBar signed a grasp franchise settlement for Australia, its first step exterior North America, the place the model now has six studios in operation. That settlement was subsequently expanded to incorporate New Zealand the place the primary studios are anticipated to open in 2023. CycleBar is backed by Xponential Health, the biggest international franchisor of boutique health manufacturers together with Pure Barre, Membership Pilates, StretchLab, Row Home, YogaSix, AKT, Rumble, BFT, and STRIDE.
For extra details about proudly owning a CycleBar franchise, go to www.cyclebar.com%2Ffranchise.
ABOUT CYCLEBAR:
Based in 2004, CycleBar is the biggest indoor biking model by variety of studios and gives a wide range of low-impact, high-intensity indoor biking exercises, that are inclusive of all health ranges. CycleBar gives an immersive, multi-sensory expertise in state-of-the-art “CycleTheaters,” led by specifically educated instructors, enhanced with high-energy “CycleBeats” playlists and tracked utilizing rider-specific “CycleStat” efficiency metrics. Ranked on Entrepreneur Journal’s Franchise 500 4 years operating, Quickest-Rising Franchises in 2021 in addition to Inc. Journal’sInc. 5000 in 2020, CycleBar is headquartered in Irvine, CA and backed by Xponential Health, the biggest franchisor of boutique health manufacturers. To be taught extra about CycleBar, go to www.cyclebar.com.
ABOUT XPONENTIAL FITNESS:
Xponential Health, Inc. (NYSE: XPOF) is the biggest international franchisor of boutique health manufacturers. Via its mission to make boutique health accessible to everybody, the Firm operates a diversified platform of ten manufacturers spanning throughout verticals together with Pilates, indoor biking, barre, stretching, rowing, dancing, boxing, operating, practical coaching and yoga. In partnership with its franchisees, Xponential Health gives energetic, accessible, and customized exercise experiences led by extremely certified instructors in studio places throughout 48 U.S. states and Canada, and thru grasp franchise or worldwide growth agreements in 12 extra international locations. Xponential Health’ portfolio of manufacturers contains Membership Pilates, the biggest Pilates model in the US; CycleBar, the biggest indoor biking model in the US; StretchLab, an idea providing one-on-one and group stretching companies; Row Home, the biggest franchised indoor rowing model in the US; AKT, a dance-based cardio exercise combining firming, interval and circuit coaching; YogaSix, the biggest franchised yoga model in the US; Pure Barre, a complete physique exercise that makes use of the ballet barre to carry out small isometric actions, and the biggest Barre model in the US; STRIDE, a treadmill-based cardio and power coaching idea; Rumble, a boxing-inspired full-body exercise; and BFT, a practical coaching and strength-based program. For extra info, please go to the Firm’s web site at https%3A%2F%2Fxponential.com.
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