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Flynn Group acquires 98 Planet Fitness locations across 5 states
Deal includes 14 Planet Fitness gyms in New Jersey
Acquisition expands Flynn’s portfolio to 141 Planet Fitness clubs in 7 states
Purchase strengthens Flynn Fitness growth in the fast-growing fitness industry
Fourteen Planet Fitness gyms in New Jersey are under new ownership.
After acquiring a leading franchisee of the budget-friendly fitness chain, Flynn Group is taking over 98 locations across five states.
Locally, the San Francisco-based firm purchased the following sites from Grand Fitness Partners:
Morris Plains 2956 Route 10
Succasunna 275 Route 10
Pompton Lakes 59 Wanaque Ave.
Woodland Park 1743 Route 46
Clifton 600 Getty Ave.
Paterson 100 Hamilton Plaza
East Hanover 418 Route 10
Rockaway 204 Enterprise Drive
Wayne 797 Hamburg Turnpike
Clifton 1065 Bloomfield Ave.
Hackettstown 1965 Route 57
Hawthorne 202 Wagaraw Road
Cedar Knolls 235 Ridgedale Ave.
Passaic 663 Main Ave.
Financial terms were not disclosed.
The move brings Flynn’s overall Planet Fitness portfolio to 141 clubs in seven states. The group first became involved the brand three years ago when it purchased a group that operated 37 clubs across Georgia and Massachusetts. Based in New Hampshire, Planet Fitness is one of the largest and fastest-growing brands of fitness centers in the world by number of members (20.8 million) and locations (2,896). Within New Jersey, it has nearly 100 centers.
Pumped up
Flynn Group founder, Chairman and CEO Greg Flynn commented, “We’re very excited to welcome the Grand Fitness teams and clubs into the Flynn Group family.”
“Health and wellness are on the minds of consumers more than ever before, and fitness is a natural complement to our core restaurant business. When we acquired the Alder Partners franchise in 2023 and established Flynn Fitness, we did so knowing there was significant opportunity to grow with the brand. This acquisition meaningfully expands our presence in the Planet Fitness system and allows us to reach and support even more customers on their fitness journeys,” he said.
With 98 new locations and expansion into five new states, Flynn said strengthening scale will help to boost performance across its clubs.
Expansive portfolio
Flynn Group’s portfolio of brands includes Wendy’s, Applebee’s Neighborhood Grill + Bar, Arby’s, Taco Bell, Panera Bread, 7 Brew, Pizza Hut, and Planet Fitness in the U.S., Australia and New Zealand. – PROVIDED BY FLYNN GROUP
Founded in 1999, Flynn owns and operates more than 3,000 consumer-facing businesses. Its portfolio includes brands such as Applebee’s Neighborhood Grill + Bar, Arby’s, Taco Bell, Panera Bread, 7 Brew, Pizza Hut, Wendy’s and Planet Fitness in the U.S., Australia and New Zealand.
After Starbucks and Chipotle, Flynn is the world’s largest operator of restaurants. It generates $5 billion in sales and employs more than 78,000 workers.
Planet Fitness CEO Colleen Keating described Flynn as “a proven, accomplished operator and a valued franchisee.”
“We look forward to building on our relationship as they grow the Flynn Fitness portfolio and deliver strong club performance across their expanding footprint,” Keating said. “Their renewed investment reflects the strength of our brand and the long-term growth potential of the fast-growing fitness industry.
“We also thank Grand Fitness for more than 15 years as part of the Planet Fitness system and their commitment to expanding access and providing affordable fitness in the communities they served.”
