Xponential Fitness Makes Strong Showing on 2023 Entrepreneur Lists
Posted: May 3, 2023 in Chains
IRVINE, CA – Xponential Fitness, the largest global franchisor of boutique fitness brands, continues to lead the boutique fitness industry, announces that the majority of its brands have been ranked on Entrepreneur Magazine’s coveted New & Emerging Franchises list, the Fastest-Growing Franchises list and the Top Global Franchises List.
The Top New & Emerging Franchises ranking featured YogaSix at No. 24, AKT at No. 47, Rumble Boxing at No. 52, and STRIDE Fitness at No. 72. This year marks Rumble’s debut on the coveted list, which highlights some of the strongest companies that have begun offering franchise opportunities in the last five years (since 2018).
On the Fastest-Growing Franchises list, which was released in March, Club Pilates was No. 25, StretchLab was No. 33, YogaSix was No. 53, CycleBar was No. 98, and Pure Barre at No. 107. These rankings mark significant advancement over last year for Club Pilates, StretchLab and YogaSix, and this is the first time CycleBar has appeared on the list. The Fastest-Growing list recognizes companies that saw the greatest franchise unit growth in the U.S. and Canada from July 2021 to July 2022.
Additionally, Club Pilates and Pure Barre appeared on the Top Global Franchises list, placing at No. 161 and No. 193, respectively. The Top Global Franchises comprise of franchise brands with an international presence.
“These prestigious accolades for eight of our 10 brands is made possible through the dedication and hard work of our talented franchise partners, passionate leadership teams, and hundreds of thousands of employees and members who are the heartbeat of our brands,” said Sarah Luna, President of Xponential Fitness. “We are still in the early stages of global growth and development and are excited to see where all our brands can create and expand fitness communities.”
Entrepreneur’s Top New and Fastest-Growing Franchise lists represent the golden standard of franchise growth, creativity, and innovation. Both sets of rankings are based on information submitted to Entrepreneur for its annual Franchise 500 and are part of the brand’s continuing effort to best understand and evaluate the ever-changing franchise marketplace. To qualify for inclusion on the 2023 lists, the companies featured have been assessed across multiple data points including unit growth, start-up costs and fees, training and support, financial stability, and brand strength.
It is no surprise that Xponential Fitness had such a strong showing with a number of brands across both lists, as the company had another banner year of success. During the judging period of July 2021 to July 2022, the company awarded 1,082 new franchise territories and opened 405 locations across its brands, which also include Row House and Body Fit Training (BFT). Furthering its authority in the fitness industry and mission to make boutique fitness more accessible, Xponential has also recently announced partnerships with global brands including Princess Cruises, Aktiv Solutions, LG, and lululemon.