SYDNEY, AUSTRALIA: Viva Leisure Limited has completed the acquisition of eight Rebalance Pilates & Yoga studios and the Master Franchisor of the business.
Rebalance Pilates & Yoga started as one studio in 2013 and quickly grew to 11 locations under a franchise arrangement. Viva Leisure has acquired eight of the locations with the remaining three locations in the process of de-franchising.
This will allow Viva Leisure to re-establish the franchising systems and grow the brand as it will own all the locations. One of the founders of the business has agreed to continue with Viva Leisure to manage the studios.
With the Rebalance acquisition now complete, 130 corporate owned locations are operated by Viva Leisure, an increase of 101 locations since listing on the ASX in June 2019.
Viva Leisure has opened or acquired a new location every 9 days since listing, including the periods during COVID lockdowns making the business one of the most unique and fastest growing health club groups in the world.
Commenting on the acquisition, Viva Leisure’s CEO and Managing Director, Harry Konstantinou said: “The acquisition of the Rebalance Pilates & Yoga studios as well as the Master Franchisor represents an exciting opportunity for Viva Leisure to continue expanding into the wellness health market.
The Rebalance brand is a well-respected offering throughout its target markets in Queensland and with Viva’s backing will continue its expansion and presence in other States and Territories.
The expansion of Viva’s wellness and boutique portfolio of offerings and the increase in locations creates a great spring-board into 2022.”
Leisure:
Founded in 2004, Viva Leisure operates health clubs (gymnasiums) within the health and leisure industry. Viva Leisure’s mission is to connect health and fitness to as many people as possible and aims to provide its members with affordable, accessible and awesome facilities.
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