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énergie fitness for women

IN BRIEF

Description: This franchise offers a proven, low cost franchise opportunity in the rapidly expanding women’s fitness and weight loss market. Comprehensive UK based support is provided by UK’s leading fitness franchisor. Opportunities: Single and Master Franchise Opportunities are available worldwide. Business Type: Franchise. Minimum Investment: £53,000. Financing Assistance: Yes, through a third party. Training Provided: Yes. Part-time: Yes. BFA Associate Member: Yes.


FRANCHISE ASSOCIATIONS

BFA Associate Member

Statement regarding énergie’s proposed IPO

énergie group, the UK’s fastest growing fitness club franchise which operates 98 clubs across 6 countries, has announced today that it has made the decision to withdraw from its planned IPO which was to take place by means of a reverse acquisition by Hubco Investments Plc.

 

énergie has confirmed that the current volatile market conditions coupled with a very attractive offer from a private equity firm has ultimately driven this decision.

 

The offer is seen to more appropriately recognise the value of the group than is likely to be the case with the current state of equity markets, against this backdrop the Board of énergie have made the decision that this is the most appropriate structure to fund the next stage of the company’s development.

 

In the financial year to September 2011 the énergie group of companies delivered profit before tax and provisions of £1.5m on a turnover of £4m and network turnover of c£23m

 

 

Commenting on the decision, Jan Spaticchia, Chief Executive of énergie said: “This has been a difficult decision to make. We were looking forward to being a Listed company and believe it would have provided significant benefits as we embark on our planned expansion of 80 additional Fit4less clubs. However the offer that we have received against the backdrop of uncertain market conditions made this the right choice.  We do not rule out a listing at some stage in the future.”

 

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