Friday, July 27, 2018

Blink Fitness pumps up expansion plans with 17-unit lease agreement

Chain Store Age
Blink Fitness – a value gym brand that will have approximately 85 locations open and operating by the end of 2018 – and Seritage Growth Properties have formed a multi-property lease agreement that will bring 17 corporate and franchisee-owned gyms to major metropolitan areas across 10 states as part of the chain’s aggressive expansion plans.

Blink Fitness plans to enter additional markets, including Georgia, Illinois, Massachusetts, Michigan and Virginia, over the next year or so, according to CEO Todd Magazine. He expects Blink to surpass the 300-unit mark over the next five years, with strategic multi-unit real estate deals helping drive this rapid growth.. . . more