Competitive Analysis
The health club industry has continued to see an increase in the amount of health clubs/fitness centers. Since 1992, the United States has seen the number of health clubs increased by almost 40 percent, from 12,635 to 17,531 facilities. It has also seen an increase in membership by almost 60 percent, from 20.8 million to 32.8 million. What this all means for Fun 4 Life Fitness Center, LLC is that the market is ever growing which translates to more competition. Most fitness centers offer a variety of services to address the needs and convenience of the customers. Some of these services includes personal trainers, facilities with state-of-the-art equipment, and programs that cater to mostly every demographic.
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SWOT
Here is a look at SWOT analysis for the Fun 4 Life Fitness Center, LLC:
Strengths Weaknesses
Flexible Hours New company to market
Latest and well-maintained equipment No brand image yet
Additional complementary services offered Non-existent customer base
Well-trained staff
Opportunities Threats
Increased number of Corporate Wellness Programs Lots of local competitors
Demand for more time efficient workouts for those with tight schedules Current and short-term future forecasts of economy
Increased health conscious population
Focus on youth programs
Market Share
Market Share By Annual Revenues (Sales)
Name Revenues (Sales)
Gold's Gym $66,000
Freedom Fitness of Corpus Christi $500,000 or less
Corpus Christi Athletic Club $5,000,000 - $10,000,000/year
Corpus Christi Snap Fitness Center $500,000 - $1,000,000/year
Looking at the figures by sales revenue, we can see that the Corpus Christi Athletic Club is number one as it relates to annual revenues. Gold’s Gym is fourth among key competitors with annual revenues of $66,000. Although Gold’s Gym is last in this table, looking at the top U.S. Cities and Franchises in the Health Industry Market, they are ranked number two with average revenues of $96 million.
Fun 4 Life Fitness Center has looked at key competitors as well as other direct competitors in the Corpus Christi area. The
“Center for Youth Fitness.” – Valley Health System. N.p., n.d. Web. 25 Aug. 2015. This website describes its facility as a really open and fun environment. It shows a variety of workout equipment which the youth are supervised by. All the staff must acquire a bachelor’s degree or master degree in the field of sports medicine or exercise science. Each student entering the program must complete a safety course before starting the program. Each number will be given to an individualized exercise program to meet their specific goals. Each child will have certain plan to meet healthy diets and how to also be physically active outside of the program. They also provide unique equipment that has games on it, such as virtual
Nationally, Orangetheory Fitness is the fastest growing fitness franchise, at least partially due to the innovative ideas it brings to fitness. In detail, Orangetheory Fitness locations in Ann Arbor and nationally are effective in communicating the brand to community members using social media among other tactics. The reason that this brand strategy works is because of the niche industry that Orangetheory Fitness is in: a specialized fitness development program that is beyond just a gym. While there are other fitness centers out there that follow a similar strategy, none of them have established a sense of community, that’s Orangetheory’s competitive advantage.
The rise of the U.S. health club industry can be traced back to the 1980s and 1990s when the majority of health clubs emerged. By 2004, this $14 billion industry claimed 41 million members. Although the health club industry operated in a perfectly competitive market, several prominent key players gained large market share, including Bally Total Fitness and 24 hour Fitness. This perfect competition encouraged entry of smaller emerging firms into the industry. In 2004, the health club industry consisted of 26,000 clubs in the U.S. Of this growing market,
Since corporations tend to plan in a larger way, rather than small, LA Fitness would like this group of stakeholders to believe the company is one of the best internationally to plan, organize and coordinate special fitness events and programs because of its high customer focus and numerous contacts for them and their employees.
Our company, Eli-Gar LTD. are the parent company of Gold’s Gym of South Texas and have been in the fitness industry since 2005. We have focused our growth in North Laredo and the Rio Grande Valley, however, in recent years our group have come to the realization that Laredo is a very different city from what it was 11 years ago. In the past, many businesses may not have deemed it financially responsible to invest their money in an underdeveloped area such as South Laredo, but times have changed and we feel that South Laredo deserve all the amenities and services that may currently only be offered in North Laredo.
The consumers and buyers that make up LA Fitness's demographics are the suppliers, current clients, potential clients, tourists, corporations, and the media.
The company was first established in 1984 and has since developed from a humble individual club into several fitness centers and health clubs, developing a uniformly recognized and reputable brand. Amenities include juice bars, locker rooms, group exercise rooms, courts, pools and exercise equipment rooms. The LA Fitness Company is open 24/7, making it convenient for anyone and everyone.
Pure Gym, the UK’s Budget gym giant, launched in 2009 by Peter Robert with the pioneer of an affordable, flexible and high quality fitness operator in the UK. By starting with four sites in Leeds, Manchester, Wolverhampton and Edinburgh, Pure Gym has completed the expansion of further 94 gyms from Aberdeen to Southampton. Not to mention, the acquisition of LA Fitness and its 43 fitness clubs has enhanced the opportunity of affordable fitness centres to people across Britain, particularly in London and the South East. The nature of business lies within five market characteristics involving heavy technology and web use, gym-only proposition, ability to operate club with a single person, scope to operate 24/7 and costs minimum of 50% lower than average industry price
Entry into Bell Road Branch YMCA facility in Montgomery, Alabama invites one to a world of fitness and sporting. The center offers a variety of services ranging from leisure to fitness. For the sporting personnel, the center is the best place for exercise before games and one of the places to access routine training sessions. The site has got sporting and recreation facilities like swimming pools, basketball courts, and tennis courts. On the fitness site, pulse fitness, resistance and free weight areas are also taken care of by the facilities available. Cardiovascular fitness is also provided. Health and fitness are also a focus in the facility with healthy habits services being offered for different age groups. The mission of the facility is to provide the users with the best healthy experience and to ensure that anyone that enters into it comes out
While the fitness industry might seem saturated, there are dozens of reasons to start a small gym. Many people interested in fitness struggle to find the time to make it a priority. Others simply feel uncomfortable in certain settings. Others may require more hands-on assistance. With the ever-changing market trends and development, John’s gym need to put effort on how to convert its business position out of the fierce competitive business
When I first moved to Denver, Colorado, I went on a small search to find a fitness club that would meet all of my needs. After an online search, I discovered a Lifetime Fitness that was five miles from my apartment. Growing up in an active family and being in the Marines Corps with constant moving, I have experienced a multitude of gyms: with some being good and some being bad. Luckily for me, I have been a member of Lifetime Fitness before, and I knew they set the bar high for fitness clubs that very few others met. Even though I had been to one before I still had a list of what would qualify it as a good fitness club. To be a good fitness club you need a good variety of fitness sections
Choosing a vocation can be a daunting task. With the world ever-evolving, one may come across a new attractive career every year. In order to ensure optimal job satisfaction, it is vital to educate oneself about every alluring prospect prior to committing. Simple factors like the time commitment and salary can mean the difference between a content existence and a miserable one.
AHC is a health club known for its excellent health facilities which benefit their members with a wide range of exercises as well as facilities such as their café and beauty salon. However, the owner, Andy has come to realise that if his business ever were to expand, it couldn’t satisfy everyone and cater to each individual’s needs. AHC has many opportunities for further development and becoming an even more established health club with a wider target market but its competitors (other health clubs) pose as a threat towards them in pricing and facilities.
Fit for life wellness center will implement a strategy that mainly focuses on name recognition in the community. We will mainly advertise our services and past results from our members to gain new members. We will offer a complimentary visit to our facility to gain new members. This will be an especially important strategy, because this will allow us to introduce our center to the community free of charge, and allow the community to try out the centers amenities.
Elite athletes to grandmothers can use the Crossfit method of fitness to achieve their fitness goals. It is the best and most well rounded fitness program there is in achieving general fitness. Whatever your fitness level and goals, Crossfit has something to offer everyone. Since its inception it has grown in popularity and has helped many reach maximum levels of fitness. This is why Crossfit is the best fitness program there is.