Stay in the know and receive the latest international franchising news, insight and investment opportunities
Yet another concept under the Xponential Fitness banner is expanding Down Under.
Keep up to date with the latest Global Franchise News sent straight to your inbox. Sign up here.
StretchLab, one of the nine brands under the Xponential Fitness umbrella, has signed a master franchise agreement to open at least 50 locations in the Australian market.
The deal has been signed by local operators Stretch X Operations Pty Ltd., a private company started by entrepreneurs and family Matt, Bill, and Candice Gordin. The Gordins were also the group that signed a master franchise agreement in Australia for Xponential’s other brand, CycleBar, last May.
“Xponential Fitness is excited to collaborate with the Gordins once again to bring another Xponential Fitness brand to Australia,” said John Kersh, chief international development officer for Xponential Fitness.
“The Gordins have exceeded expectations with CycleBar, and I’m confident they will continue that trend with StretchLab, which will be a great complement to the diverse fitness scene in Australia.”
New partners involved in the StretchLab deal include Tory Dickson and James Pattinson. Tory is a former Australian footballer who played for the Western Bulldogs in the Australian Football League (AFL) starting in 2012 and ended his AFL career in September of 2020. Making his debut in 2011, James is an Australian cricketer who plays for the Australian National Cricket Team as well as for the Victorian Cricket Team.
This is the second Xponential Fitness deal in Australia within just a few months, with Club Pilates signing a similar 50-unit master agreement back in February 2021.
StretchLab has continued to grow even during the pandemic, making its international debut in Toronto, Canada last year, as well as opening 35 U.S. location in 2020, and a further 10 this year so far.
An aggressive expansion strategy has seen the brand set the goal of signing 50 deals for new locations across seven states by 202521 Sep 2021 | Read Article >
India will get four new Jamie Oliver’s Pizzeria branches this year21 Sep 2021 | Read Article >
The dog care franchise has signed three agreements to expand its offering across Texas21 Sep 2021 | Read Article >
The strategic deal will further cement Scorpion’s position in the franchise marketing space17 Sep 2021 | Read Article >
The president gets candid about how to modernize established franchise brands17 Sep 2021 | Read Article >
°CRYO is accelerating this ice-cool segment16 Sep 2021 | Read Article >
For further information on the Tiger Bills franchise please submit your details below.