StretchLab Opens 150th Studio and Reaches 500 Signed Franchise Agreements
Posted: January 27, 2022 in Chains
StretchLab
IRVINE, CA – StretchLab, a leading assisted stretching studio, announced it has recently signed its 500th franchise agreement and opened its 150th studio this month. In 2021, the company opened 52 locations and secured over 270 franchise agreements, illustrating the growth and continued demand for assisted stretching, especially following the pandemic which has encouraged millions of people to better prioritize their health and wellness. The 150th studio opened in Lake Pleasant, Arizona on January 24th.
The newly signed agreements will expand StretchLab’s reach to cities all across the U.S., including Washington D.C., Fargo, Charleston, Colorado Springs and Miami, among others. A deal was also signed to develop a location in Vancouver, which will mark StretchLab’s second Canadian studio to debut in the market.
“We are so excited to see that assisted stretching is becoming a mainstream part of the boutique wellness space, as evidenced by our many openings in 2021 and hundreds of studios in development,” said Lou DeFrancisco, President of StretchLab. “It is so wonderful that people are prioritizing their wellness and recognizing that assisted stretching is truly beneficial for all ages, body types and fitness levels. We are honored to be involved in not only their health and wellness journeys, but the entrepreneurial journeys of our more than 200 owners across the U.S. and Canada as well.”
Along with impressive growth across North America in 2021, StretchLab flexed its international reach with the signing of a Master Franchise Agreement which will bring studios to Australia and New Zealand over the next few years. Hot on the heels of all these accomplishments, StretchLab kicked off 2022 with a debut on Entrepreneur Magazine’s coveted Franchise 500 list at No. 498.
Backed by Xponential Fitness, the largest curator of boutique fitness brands in the world, StretchLab has a widespread and devoted following across the country. At StretchLab, clients work one-on-one with highly trained Flexologists™ in an open, modern and friendly environment to increase mobility and flexibility and achieve a deeper, more advanced stretch than one can get on their own. Studios utilize TRX MAPS technology, which tracks mobility, muscle activation, posture and body symmetry, to create individually tailored and more holistic stretching programs for clients to achieve their wellness goals.
