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Hybrid brand LIT Method targets rapid growth through franchising
POSTED 18 Jan 2022 . BY Tom Walker
LIT Method's business model combines studios with an at-home, digital fitness offer Credit: LIT Method
Wellness operator and fit tech company, LIT Method, is aiming to expand rapidly
To drive the move, the hybrid business is opening up franchising opportunities
LIT Method offers bricks and mortar studios, as well as an at-home, digital fitness offer using its proprietary LIT Strength Machine and an app
The company has set itself a development goal of 100 signed franchised sites within 12 months
Wellness operator and fit tech company, LIT Method, (low-intensity training) is ramping up expansion after launching into the franchising market.

The company's hybrid business model now combines studios with an at-home, digital fitness offering based on the proprietary LIT Strength Machine.

The low-intensity, low impact workouts are built on the promise of "no running, no jumping and no weights".

Founded by ​​husband-and-wife team, Justin and Taylor Norris, LIT Method opened its first flagship studio in West Hollywood, US in 2017.

In May 2020, the company launched the LIT Strength Machine, targeting the at-home market and billed as the "world's first all-in-one Pilates reformer, water rower, and strength trainer".

The LIT Strength Machine offers low-impact exercises, including rowing, barre, strength training, physical therapy, and Pilates.

The machine has three price points – US$1,750, US$2,240, US$2,460 and depending on the level of extras – while the LIT digital fitness app is available from US$20 per month.

The company has set a development goal of 100 signed franchised sites within 12 months.

Michael Abramson, a 20-year industry veteran – most recently chief operating officer and chief revenue officer at Xponential Fitness – is spearheading the brand's expansion into franchising.

LIT Method investors include former Los Angeles Dodger and five-time MLB All-Star Adrian Gonzalez and Marcy Venture Partners.

Abramson said: "​I'm no stranger to the fitness or franchising space, and what we're doing at LIT has never been done before.

"No other fitness brand has our hybrid studio and showroom model and our proprietary Low Impact Strength Machine.

"This isn't just Pilates 2.0 — it's the only machine in the world that's a rower and reformer in one — the only piece of equipment on the market allowing people to truly do it all. Its seamless transition from a rower and resistance strength training system to a reformer will allow franchisees to meet the growing needs of a diverse clientele."
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Jobs    News   Products   Magazine
NEWS
Hybrid brand LIT Method targets rapid growth through franchising
POSTED 18 Jan 2022 . BY Tom Walker
LIT Method's business model combines studios with an at-home, digital fitness offer Credit: LIT Method
Wellness operator and fit tech company, LIT Method, is aiming to expand rapidly
To drive the move, the hybrid business is opening up franchising opportunities
LIT Method offers bricks and mortar studios, as well as an at-home, digital fitness offer using its proprietary LIT Strength Machine and an app
The company has set itself a development goal of 100 signed franchised sites within 12 months
Wellness operator and fit tech company, LIT Method, (low-intensity training) is ramping up expansion after launching into the franchising market.

The company's hybrid business model now combines studios with an at-home, digital fitness offering based on the proprietary LIT Strength Machine.

The low-intensity, low impact workouts are built on the promise of "no running, no jumping and no weights".

Founded by ​​husband-and-wife team, Justin and Taylor Norris, LIT Method opened its first flagship studio in West Hollywood, US in 2017.

In May 2020, the company launched the LIT Strength Machine, targeting the at-home market and billed as the "world's first all-in-one Pilates reformer, water rower, and strength trainer".

The LIT Strength Machine offers low-impact exercises, including rowing, barre, strength training, physical therapy, and Pilates.

The machine has three price points – US$1,750, US$2,240, US$2,460 and depending on the level of extras – while the LIT digital fitness app is available from US$20 per month.

The company has set a development goal of 100 signed franchised sites within 12 months.

Michael Abramson, a 20-year industry veteran – most recently chief operating officer and chief revenue officer at Xponential Fitness – is spearheading the brand's expansion into franchising.

LIT Method investors include former Los Angeles Dodger and five-time MLB All-Star Adrian Gonzalez and Marcy Venture Partners.

Abramson said: "​I'm no stranger to the fitness or franchising space, and what we're doing at LIT has never been done before.

"No other fitness brand has our hybrid studio and showroom model and our proprietary Low Impact Strength Machine.

"This isn't just Pilates 2.0 — it's the only machine in the world that's a rower and reformer in one — the only piece of equipment on the market allowing people to truly do it all. Its seamless transition from a rower and resistance strength training system to a reformer will allow franchisees to meet the growing needs of a diverse clientele."
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Property deals, licencing and IP collaborations are opening up new opportunities across the sector and demanding our attention, says Liz Terry
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Xponential Fitness has acquired Body Fit Training in a deal worth US$44m.
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Providence Equity Partners takes control of VivaGym and its Fitness Hut brand
US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from Bridges Fund Management, which will exit as a shareholder. Financial terms have not been disclosed.
Bannatyne has bounced back from the pandemic
The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover and profits restored to pre-2020 levels in 2023, according to its year-end results.
Basic-Fit hints Spanish Holmes Place clubs might be sold
There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it has just acquired from RSG Group in a 47-club deal.
Nuffield Health calls for National Movement Strategy as research shows decline in fitness levels among some consumers
Nuffield Health’s fourth annual survey, the Healthier Nation Index, has found people moved slightly more in 2023 than 2022, but almost 75 per cent are still not meeting WHO guidelines.
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