NEW YORK, United States — Budget fitness chain Blink Fitness has been recognised as one of the fastest growing private companies in the US, in Inc. magazine’s annual report highlighting inspiring companies.
Based on a three-year growth rate of 208 percent, the New York-based fitness franchise ranked in the top half (#2138) of the exclusive list which spotlights companies within the American economy’s most dynamic segment — its independent small businesses.
“We are incredibly proud of Blink’s inclusion on this esteemed list for the second year in a row,” commented Todd Magazine, CEO of Blink Fitness. “Many of the nation’s most influential and successful businesses have been included on the Inc. 5000 and it’s an honour to be in such company.”
Founded in 2011, Blink Fitness is a premium quality, value-based fitness brand with more than 90 locations open or in development throughout New York, New Jersey, Pennsylvania and California. Recently the company, which is known for challenging industry norms, announced a multi-property lease agreement with real-estate developer Seritage to continue its aggressive strategic growth strategy. The partnership will bring 17 corporate and franchisee-owned gyms to major metropolitan areas across ten states in the US.
“At a time when many retailers are shutting their doors, Blink is thriving,” said Magazine of the news. “Our partnership with Seritage Growth Properties is one of the many exciting real estate initiatives driving our rapid national expansion,” he added.
According to Magazine, Blink’s explosive growth can be credited to its member experience and revolutionary marketing campaigns, which he says have “separated the brand from the pack within the value fitness segment.”
With plans to enter additional markets, including Georgia, Illinois, Massachusetts, Michigan and Virginia, over the next year or so, the fast-growing fitness brand is on course to surpass the 300-unit mark over the next five years.