Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 20 2019

Fitness franchise UFC GYM eyes exponential growth in Indian market

UFC GYM is taking franchise route to expand its presence in the Indian market.

By News Editor
Fitness franchise UFC GYM eyes exponential growth in Indian market

Fitness franchise UFC GYM has announced its next big expansion strategy for India in order to woo body sculpting enthusiasts and fitness aficionados. The brand will open two UFC GYM Signature Clubs in Noida, and CORE UFC GYMS in Mumbai, Goa, Bareilly and Bangalore, respectively.

The gym chain is committed to focus on expansion, innovation and delivering a one-of-a-kind member experience.

Tamer El Guindy, Sr. Vice President of Global Franchising, UFC GYM, said, “The fitness market is booming in India and UFC GYM India is excited to bring the unique training experience to its residents”

“This is a great opportunity for UFC GYM to introduce its TRAIN DIFFERENT philosophy to India's fitness enthusiasts while building member communities at each gym location, who will work together as a team to achieve their individual goals. With Istayak and Farzad's business acumen, experience, leadership and enthusiasm for living a healthy lifestyle, we look forward to considerate growth and presence in the Indian peninsula,” he added.

Also Read: What Are The Key Factors To Remember Before Buying A Gym Franchise?

The Indian fitness market: Size and Scope

The Indian fitness market has garnered revenues of $908 million at the end of FY2018. Further growth in the segment, expected at a CAGR of 9.3% between 2018 and 2022, will likely take the total market value to a whopping $1,296 million in 2022.

Istayak Ansari, Managing Director and Founder, and Farzad Palia, Chairman, UFC GYM India, stated, “Revenue in the Fitness segment amounts to 1,640 million dollars in 2019. Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 6.6 per cent, resulting in a market volume of 2,118 million dollars by 2023.”

“With the kind of growth in the fitness industry, there is a considerate amount of growth opportunity for a global brand like UFC GYM. We are focused to reach out to the niche audience who are interested in the concept of UFC GYM and help them adopt a healthy lifestyle with our TRAIN DIFFERENT philosophy,” they added.

Also Read: Things To Consider Before Starting A Gym Business In Chandigarh

Expanding via Franchise Route

UFC GYM is taking the franchise route to expand its presence in the Indian market. The fitness franchise is targeting at reaching 15 clubs in number by the end of the year 2020.

Farzad Palia stated, “We are taking the franchise route to penetrate in the Indian market and plan to reach 15 clubs in number by the end of the year 2020. We want to reach to all tier-2 and tier-3 cities where people are less aware of a healthy lifestyle than in tier-1 cities because of the penetration of modernization.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
     About The London Shakes: The London Shakes are the re-inventors of..
    Locations looking for expansion Madhya pradesh
    Establishment year 2009
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Career Counselling & Brain Programming
    About Us: MindMap Consulting was founded with a value system focused..
    Locations looking for expansion Andhra pradesh
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Cosmetics & Beauty Product Stores
    About Us: Started in 2004, Everyday Herbal Beauty Care, promoted &..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Hotel Chain
    About Us: Officer' Club is new dream by CSSOS & they..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities