Fitness Ventures LLC Acquires T&N Investments LLC and their Four Crunch Fitness Locations in Louisville Kentucky, Growing the Franchise to 35 Locations
Posted: October 4, 2022 in Chains
Crunch Fitness
ORLANDO, FL – Fitness Ventures LLC, one of Crunch Fitness’ fastest growing franchisees, announces the acquisition of all four of the Louisville, Kentucky Crunch Fitness locations. Crunch Dixie and Crunch Middletown are open and operating locations while Crunch Outer Loop and Crunch Fern Creek are currently under construction and set to be open by year end.
“Expanding into Louisville is particularly exciting for us”, stated Brian Hibbard, CEO of Fitness Ventures. “We own and operate locations throughout the U.S. with al lot of that concentration in the Midwest. Louisville fits extremely well into that strategy. Greg Tibbs, Mike Goodsell, and the entire Louisville team have done an amazing job building the Crunch brand in the market along with a strong culture, so we are excited to build on that momentum”.
The acquisition fast tracks Fitness Ventures already aggressive growth, with plans to open around 15 locations per year for the foreseeable future. “These 4 locations are just the start for the Kentucky market”, stated Hibbard. “We will have additional locations being announced in the coming months in Louisville as well as the surrounding markets such as Lexington, Bowling Green and Elizabethtown”.
“The Louisville market has been underserved for high value low-cost fitness options for quite some time. I believe that is why we have thrived so well here”, stated Tibbs. “We had acquisition interest from several great groups, ultimately, we chose Fitness Ventures as both our teams were very culturally aligned. After meeting with several people within their organization, it became apparent they had a team first mindset that very much mirrored ours. We were also drawn to their vision and growth strategy, and we wanted the Louisville team to be part of that.”
The Louisville clubs offer top-quality cardio equipment and strength training equipment, circuit training, a functional training area with multiple indoor turf areas, a dedicated group fitness studio, a dedicated ride studio, HydroMassage beds, saunas, and high-end tanning. Members looking for assistance reaching their goals will have access to highly experienced Personal Trainers.
