9Round Set to Open New Studios in Vietnam and Indonesia
Posted: February 23, 2022 in Chains
9Round: 30 Min Kickbox Fitness
GREENVILLE, S.C. – 9Round Franchising, LLC, has finalized plans for continued development across Asia with two master franchise agreements: one in Indonesia and one in Vietnam. Idham Switriadji, Indonesia’s master franchisee, opened the country’s first 9Round location in Jakarta in January 2022. Hyun Soo Lee, Vietnam’s master franchisee, is set to open the first Vietnamese location in Thao Dien, Ho Chi Minh City in February 2022.
“We are excited to continue expanding our business around the world, with state-of-the-art facilities opening in Indonesia and Vietnam in 2022,” said Shannon Hudson, founder and CEO of 9Round. “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.”
According to Indonesia’s master franchise agreement, 9Round intends to open 25 locations across the country over the course of the next seven years. Since opening the Jakarta facility last month, the master franchisee has already received two development inquiries from other regions of the country – Bali and Balikpapan.
“I was looking for a mixed martial arts gym to round out our portfolio and tried several of them,” said Idham Switriadji, Indonesia Master Franchisee. “9Round really stood out because of its timing, short workout time and all of the great benefits. Jakarta is home to a variety of commercial ventures and lifestyle businesses, making it an ideal location to introduce such a unique fitness outlet to the community.”
As for Vietnam, the last five years have shown an increase in the number of new foreign and Vietnamese franchises entering the Vietnamese market, making it an ideal location for 9Round expansion.
In addition to the 18 countries where 9Round is currently open and operating, the brand has secured agreements for future expansion in four additional countries: Oman, Egypt, South Korea and Panama.
“As we continue to grow the brand’s presence, it’s only a matter of time before people in all corners of the world can access 9Round to become stronger, both mentally and physically, in just 30 minutes,” added Hudson.
