Fitness chain, Fitness Ventures, purchases three Crunch gyms in Portland and aims for a $75 million expansion throughout the region.
Crunch Fitness Expands in Portland with $75 Million Investment
In a recent press release published by Cision PR Newswire, Fitness Ventures LLC announced its major expansion in Portland, Oregon. The company has acquired three existing Crunch Fitness gyms in the area and plans to invest $75 million to open 15 new Crunch Fitness 3.0 locations over the next several years.
Crunch Fitness, a diverse fitness community offering unique group fitness classes and programming, serves a wide range of fitness goals. This expansion in Portland is part of Fitness Ventures' broader nationwide growth, having rapidly expanded by opening dozens of new clubs and entering multiple states over the past two years.
The three existing Portland Crunch locations, originally built under the smaller 1.0 model, are set for an upgrade. Fitness Ventures is evaluating whether to expand and remodel them or relocate them to larger spaces. Regardless of the approach, all will be upgraded to meet current Crunch 3.0 standards, designed to offer a higher quality fitness experience.
Brian Hibbard, CEO of Fitness Ventures, shared his vision for the Portland expansion. He envisions bringing a series of brand new 40,000 to 50,000 square foot Crunch 3.0 locations to Portland, representing the latest generation of Crunch gym design with upgraded amenities and group training areas.
Fitness Ventures, founded by Brian Hibbard in 2016, operates over 70 locations across twenty-eight states, with several more in development. The company has solidified its position as one of the largest and fastest-growing Crunch Fitness franchise operators in the United States.
For more information about this expansion, please contact Hiba Abduljawad at [email protected]. The press release, including multimedia downloads, can be found at this link.
Crunch Fitness is rapidly expanding across the U.S. and globally, operating over 500 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, Spain, and India. This expansion in Portland is a testament to Crunch's commitment to providing a high-quality fitness experience to its diverse community of members.
In the expansion plans of Fitness Ventures in Portland, Oregon, $75 million is earmarked for building 15 new Crunch Fitness 3.0 locations, promoting health-and-wellness and fitness-and-exercise.The three existing Portland Crunch locations will be upgraded to meet the current Crunch 3.0 standards and may also be relocated to larger spaces to cater to a wider fitness community.As part of its vision for Portland expansion, Fitness Ventures intends to construct a series of new Crunch 3.0 locations, each spanning approximately 40,000 to 50,000 square feet, incorporating the latest Crunch gym design for upgraded amenities and group training areas.The global footprint of Crunch Fitness continues to grow, with over 500 gyms operating in 41 states, the District of Columbia, and several international locations, reflecting a commitment to providing top-notch fitness experiences to a diverse community worldwide.
