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Gym Group building pipeline of new openings for 2021 – membership demand remains 'strong' despite lockdowns
11 Nov 2020 . BY Tom Walker
The number of paying members is currently up by 2.4 per cent (at 588,000) on the July re-opening level (574,000)
Photo: The Gym Group
The business has traded profitably during the period and we are confident that our strong financial position will provide the platform to resume our growth path once we reopen
– Richard Darwin
The Gym Group will look to further grow its 183-strong portfolio across England, Scotland and Wales during 2021, as the demand for gym memberships has remained strong, despite the disruption caused by COVID-19.

In a trading update, the budget operator said it "continues to see an opportunity to access attractive potential new sites" and is building a pipeline for new openings in 2021.

It has already had leases exchanged on four sites, with "several more under negotiation".

The company revealed that when it reopened its estate on 25 July 2020, it had 658,000 members. 574,000 of these were ongoing paying members – and the figure excludes members who had opted to freeze their membership without charge and students whose fixed term contracts had been extended to October/November 2020 due to the initial lockdown.

Following the reopening, the group saw membership grow up until the second half of September, when the emergence of a second wave of COVID-19 meant member levels started to decline with total membership on 31 October 2020 of 639,000.

Despite this, the number of paying members for the three-month period ongoing is up by 2.4 per cent (at 588,000), compared to the July re-opening level (574,000).

“In the three months since reopening The Gym Group has seen good levels of membership demand reinforcing the beneficial role that affordable fitness makes to physical and mental well-being," said Richard Darwin, The Gym Group CEO.

"Covid-secure measures are working very well across the sector enabling gyms to remain open even with regional Tier 3 restrictions, encouraging us that we should be able reopen quickly once the national lockdown is over.

"The business has traded profitably during the period and we are confident that our strong financial position, with very low levels of net debt and close to £70m of unused facilities, will provide the platform to resume our growth path once we reopen.”

In September, text here Darwin said the company has a cashflow break-even of 520k members on the current estate of 183 clubs.

Revealing the impact of the lockdown on its membership numbers for the first time, he said TGG went into lockdown with 891,000 members (at 29 February), and that this fell to 658,000 by 25 July, with a further 60,000 taking the option of a membership freeze.





Socially distanced equipment at a Gym Group club
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27-28 Nov 2020

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Jobs   News   Products   Magazine
PRODUCT NEWS
Gym Group building pipeline of new openings for 2021 – membership demand remains 'strong' despite lockdowns
11 Nov 2020 . BY Tom Walker
The number of paying members is currently up by 2.4 per cent (at 588,000) on the July re-opening level (574,000)
Photo: The Gym Group
The business has traded profitably during the period and we are confident that our strong financial position will provide the platform to resume our growth path once we reopen
– Richard Darwin
The Gym Group will look to further grow its 183-strong portfolio across England, Scotland and Wales during 2021, as the demand for gym memberships has remained strong, despite the disruption caused by COVID-19.

In a trading update, the budget operator said it "continues to see an opportunity to access attractive potential new sites" and is building a pipeline for new openings in 2021.

It has already had leases exchanged on four sites, with "several more under negotiation".

The company revealed that when it reopened its estate on 25 July 2020, it had 658,000 members. 574,000 of these were ongoing paying members – and the figure excludes members who had opted to freeze their membership without charge and students whose fixed term contracts had been extended to October/November 2020 due to the initial lockdown.

Following the reopening, the group saw membership grow up until the second half of September, when the emergence of a second wave of COVID-19 meant member levels started to decline with total membership on 31 October 2020 of 639,000.

Despite this, the number of paying members for the three-month period ongoing is up by 2.4 per cent (at 588,000), compared to the July re-opening level (574,000).

“In the three months since reopening The Gym Group has seen good levels of membership demand reinforcing the beneficial role that affordable fitness makes to physical and mental well-being," said Richard Darwin, The Gym Group CEO.

"Covid-secure measures are working very well across the sector enabling gyms to remain open even with regional Tier 3 restrictions, encouraging us that we should be able reopen quickly once the national lockdown is over.

"The business has traded profitably during the period and we are confident that our strong financial position, with very low levels of net debt and close to £70m of unused facilities, will provide the platform to resume our growth path once we reopen.”

In September, text here Darwin said the company has a cashflow break-even of 520k members on the current estate of 183 clubs.

Revealing the impact of the lockdown on its membership numbers for the first time, he said TGG went into lockdown with 891,000 members (at 29 February), and that this fell to 658,000 by 25 July, with a further 60,000 taking the option of a membership freeze.





Socially distanced equipment at a Gym Group club
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Playfinder launches Bookteq to increase revenue for independent facility operators
Playfinder has launched Bookteq, a booking system aimed at increasing revenue for operators of independent physical activity venues.
Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Funxtion collaborates with global experts on white paper exploring digital in the future of fitness
In collaboration with ukactive, FunXtion has driven a global discussion with some of the world’s leading fitness operators and influencers, exploring how digitalisation will influence the delivery of fitness services and products moving forwards.
Primal Strength bolsters Scottish expansion with Matrix Fitness distribution win
Matrix Fitness has announced an exclusive partnership with Primal Strength to target an increased strategic focus on the Scottish market.
Anytime Fitness partners with Gympass across UK and Ireland
Anytime Fitness, the UK’s leading 24/7 high-spec gym operator, has partnered with Gympass to give its corporate members access to over 170 clubs across UK and Ireland.
Not all fitness content is equal
With the launch of 22 SERIES, a pioneering, new cardio line powered by iFit® – the world’s leading on-demand fitness streaming platform – Freemotion Fitness aims to change the way we think about – and deliver – fitness content to truly engage members.
Active IQ launches End-point Assessor qualification
Active IQ has launched its Level 3 Award in Understanding the Development and Delivery of End-point Assessment to meet the increasing demands for skilled assessors in this emerging area.
Dr Paul Bedford announces Retention Convention will go virtual for 2020
Global retention expert, Dr Paul Bedford, will host his sixth annual Retention Convention virtually, bringing together global speakers to form a documentary-style event around turning customers into communities.
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COMPANY PROFILES
Wattbike

The versatility and reliability of the Wattbike brand has made it the go-to indoor cycling range f [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

MyZone Group Ltd - A new Zone is here
A new zone is here for your club, for your members and for you. Find out more...
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DIRECTORY
+ More directory  
DIARY

 

27-28 Nov 2020

National Fitness Awards 2020

Athena, Leicester, United Kingdom
01-02 Dec 2020

MIPIM Asia Summit

Grand Hyatt Hotel, Hong Kong SAR
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS