Snap Fitness Leads Private Club Companies on Inc.’s Top 500 List

NEW YORK -- Three health club companies made Inc. magazine’s Top 500 companies list, and another three made it onto the magazine’s Top 5,000 list.

Snap Fitness, Chanhassen, MN, was the highest-ranked club company on the list, coming in at No. 16. Another key-card franchise, Hastings, MN-based Anytime Fitness, came in at No. 285. Planet Fitness, Dover, NH, ranked No. 471.

Falling outside the Top 500 list, but still making the Top 5,000 list was Plus One Health Management, New York, at No. 3,412; Fitness Together Holdings, Highlands Ranch, CO, at No. 3,848; and Club One, San Francisco, at No. 4,629.

The Inc. list, which will appear in its September issue, ranks the nation’s fastest-growing private companies according to percentage of revenue growth from 2005 through 2008. This is the 28th year for the Top 500 list and the third year for the Top 5,000 list.

The health club companies are listed under the health category. Health is the top industry represented on the list by both total revenue ($22.7 billion) and total employment (156,223 jobs).

According to the list, six-year-old Snap Fitness had growth of 5,906.8 percent between 2005 and 2008. It had revenue of $527,998 in 2005, and in 2008, its revenue had grown to $31.7 million.

Anytime Fitness, which is one year older than Snap, had growth of 815.5 percent between 2005 (when its revenue was $2.9 million) and 2008 (when its revenue was $26.7 million).

Planet Fitness, which was founded in 1992, brought in $99.4 million in revenue in 2008 compared to $15.3 million in 2005, making its growth 551.4 percent between those years.

The next health club-related company on the list, Plus One—which designs, develops, and manages corporate and commercial fitness centers, luxury spas, and wellness programs—had growth of 72.6 percent, coming in at $22.9 million in 2005 and $39.6 million in 2008.

Next on the list, Fitness Together, had growth of 56.9 percent. The 10-year-old company had 2005 revenue of $8 million and 2008 revenue of $12.5 million. Fitness Together is a franchise of private personal training studios and massage studios.

Club One’s growth rate was 24.2 percent, according to the list. In 2005, it had revenue of $62 million. By 2008, its revenue grew to $77 million. Club One operates 15 Club One clubs in Northern California and five Frog’s Fitness locations in Southern California. It also manages fitness and wellness programs for corporations and communities.

“If you want to know which companies are going to change the world, look at the Inc. 500,” Inc. editor Jane Berentson said in a release from the magazine. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

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