Gym chain plots expansion
LANCASTER-based gym chain 3-1-5 is looking for sites after unveiling an expansion plan.
The business, which runs a 60,000 sq ft former Total Fitness gym, wants to expand into 20 new locations over the enxt two years.
Backed by Leeds-based secured lender Reward Capital it is planning to open other sites in the North West and elsewhere in the UK.
It has also signed a deal with a Swedish manufacturer to market X-Froce training equipment.
Co-founder Sean Thornton said: “3-1-5 Health Clubs are more than a gym; we want our members to view our clubs as an extension to their lifestyle, a place where the entire family can be together, doing things they enjoy, in an environment people want to return to.
“The key to our success is hinged on the X-Force training equipment and the extraordinary results it’s able to deliver. We are targeting the opening of 20 new 3-1-5 Health Clubs across the UK over the next two years and believe our offer has the capability to quickly become a market leader.”
Reward’s Neil McGivern said: “As a start-up business 3-1-5 Health Clubs has had a tremendous start. After the company acquired its premises in Lancaster, a 63,000 sq ft former Total Fitness gym creating around 40 new jobs, it required our support to allow it to plan for further growth.
“The working capital we have provided has been instrumental in giving 3-1-5 Health Clubs the platform required to allow it to plan for an exciting future.”
