9Round Finalizes Expansion Deals for Indonesia and Vietnam
Posted: April 8, 2020 in Chains
9Round: 30 Min Kickbox Fitness
GREENVILLE, S.C. – The goal of 9Round is to bring the platform to as many countries as possible, so people can enjoy our fitness program all over the world. With this goal in mind, 9Round confirms two new master franchise agreements, one being in Indonesia and the other in Vietnam.
Founder and CEO, Shannon “The Cannon” Hudson, speaks of his excitement about the new expansions in both of these countries below, “We are thrilled to welcome Indonesia and Vietnam to our roster as we continue to expand our presence across Asia. Based on what we’ve already seen across this continent, we expect 9Round will be the perfect fit for both countries due to its appeal to customers, small real estate footprint, efficient business model, and proven international scalability.”
With the new master franchise agreement in Indonesia, 9Round plans to open 25 locations across the country over the next seven years, with the inaugural location set to open in the city of Jakarta. Vietnam’s master license outlines plans to open 24 locations in 10 years, with Ho Chi Minh City set to be the location of the country’s first 9Round studio.
As you may know, the 9Round brand is now currently open and operating in 20 countries around the world. In addition to Indonesia and Vietnam’s new agreements, 9Round also finalized deals for future development in three more countries, which are Colombia, Panama, and Qatar. Currently, 9Round is working to confirm new deals for global expansion into Brazil and South India as well.
“We kicked off 2020 with locations open and operating across a record-setting 20 countries, but even still, we are far from done when it comes to international expansion,” says our CEO, Shannon Hudson. “At the rate at which we’re currently closing international deals, it’s only a matter of time before people in all corners of the world can access 9Round to become stronger in 30 minutes!”