HYDERABAD: Rising fitness awareness among denizens has ensured that the business of gymnasiums is in the pink of health. Gyms in the city are doing brisk business with big names from across the country and world branching out and many new local gyms coming up in every locality. With profit margins of around 45% and a consistent 10% to 30% growth in annual income and clientele, city gym officials say their business has shown consistent improvement in the last two years.
The well-known Talwalkar's Gym, which currently has six branches in the city, opened four of its branches in the last one year with the most recent one being at AS Rao Nagar in January this year. Also, the management of Powerhouse Gym, a USA-based franchise located in 15 countries which already has a branch in Mumbai announced its plans to set up a branch in Hyderabad.
Dawood Khan, manager, Talwalkar's Jubilee Hills and Banjara Hills said, "We have seen a 20% growth in the number of clients and annual turnover compared to last year. Each branch has around 500 clients and an annual income of above Rs 1 crore. We are now planning to open another branch in Gachibowli." He further added, "The growth rate in Hyderabad is better compared to other cities in the country as there is immense scope for improvement here since the growth has just begun."
Anil Kumar, marketing manager at Gold's Gym, another franchise which opened here two years ago said, "Our annual revenue has crossed the Rs 50 lakh mark and there has been a 10% rise in these figures since last one year. Once we open our new branch in Jubilee Hills, we expect it to reach 30%, which is far better than compared to other cities. So far, 800 people have joined the gym. Every year, this number increases by around 100 but this year, it has gone up by 200." He cited the improved awareness as the reason for rising number of gyms in the city.
The case is the same with other city gyms too. Snap Fitness, Madhapur has recorded a profit of 40% in the first year itself and already boasts of over 1500 clients. The management of Snap Fitness said that another branch at Kukatpally is on the cards. Meanwhile, Burn Fitness Port, which opened in Secunderabad in December 2011, already has 500 clients and a profit margin of 45% in the first three months.
The local gyms are not far behind with several new ones coming up in various areas while many existing gyms were renovated recently to compete with the better-equipped gyms. "In the past one year, I have seen at least 20 new gyms come up in various parts of the city. Around four new gyms have come up in Marredpally and five in Sainikpuri," said Apurva Malewar, a fitness enthusiast. Prabhakar Reddy, owner of Universal Gym which has three branches in the city said, "The Dilsukhnagar branch was renovated six months ago and divided into three large sections, non-AC, cardio training and aerobics only for ladies. I have noticed at least six new gyms in the Dilsukhnagar-Malakpet area recently. I am planning to set up a branch in Himayatnagar soon as the demand there is rising and competition is fierce."
TOI Complete Article: Gyms do healthy business as Hyderabad basks in fitness fad
The well-known Talwalkar's Gym, which currently has six branches in the city, opened four of its branches in the last one year with the most recent one being at AS Rao Nagar in January this year. Also, the management of Powerhouse Gym, a USA-based franchise located in 15 countries which already has a branch in Mumbai announced its plans to set up a branch in Hyderabad.
Dawood Khan, manager, Talwalkar's Jubilee Hills and Banjara Hills said, "We have seen a 20% growth in the number of clients and annual turnover compared to last year. Each branch has around 500 clients and an annual income of above Rs 1 crore. We are now planning to open another branch in Gachibowli." He further added, "The growth rate in Hyderabad is better compared to other cities in the country as there is immense scope for improvement here since the growth has just begun."
Anil Kumar, marketing manager at Gold's Gym, another franchise which opened here two years ago said, "Our annual revenue has crossed the Rs 50 lakh mark and there has been a 10% rise in these figures since last one year. Once we open our new branch in Jubilee Hills, we expect it to reach 30%, which is far better than compared to other cities. So far, 800 people have joined the gym. Every year, this number increases by around 100 but this year, it has gone up by 200." He cited the improved awareness as the reason for rising number of gyms in the city.
The case is the same with other city gyms too. Snap Fitness, Madhapur has recorded a profit of 40% in the first year itself and already boasts of over 1500 clients. The management of Snap Fitness said that another branch at Kukatpally is on the cards. Meanwhile, Burn Fitness Port, which opened in Secunderabad in December 2011, already has 500 clients and a profit margin of 45% in the first three months.
The local gyms are not far behind with several new ones coming up in various areas while many existing gyms were renovated recently to compete with the better-equipped gyms. "In the past one year, I have seen at least 20 new gyms come up in various parts of the city. Around four new gyms have come up in Marredpally and five in Sainikpuri," said Apurva Malewar, a fitness enthusiast. Prabhakar Reddy, owner of Universal Gym which has three branches in the city said, "The Dilsukhnagar branch was renovated six months ago and divided into three large sections, non-AC, cardio training and aerobics only for ladies. I have noticed at least six new gyms in the Dilsukhnagar-Malakpet area recently. I am planning to set up a branch in Himayatnagar soon as the demand there is rising and competition is fierce."
TOI Complete Article: Gyms do healthy business as Hyderabad basks in fitness fad
