Lease deals aid energie gym expansion

May 2016

Unlike other gym operators in the market, energie is securing leases under the parent company rather than as separate franchises. The move will provide comfort for landlords and enable the group to expand Fit4less at an accelerated rate.

Energie now has 17 gyms in Greater London and over 70 across the UK and in its latest deal has signed a 10 year lease on an 8,000 sq ft unit at Pocock Street in Southwark.

“Southwark is typical of the location we are looking to expand into within London. It is close to transport hubs and has a catchment of more than 50,000 people within a 12 minute drive time. We sell 1,000 to 1,500 memberships on average pre-opening and with an average of 500 visits per day, we can significantly improve footfall within a scheme” says energie group’s Tom Burke.

Contact simon.horner@gcw.co.uk