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Budget gym chain looking to expand

By Tom Walker    06 Sep 2010

No frills fitness operator FitSpace is looking to add to its existing eight clubs.

According to Kenny McAndrew, founder and managing director, FitSpace looks to open new sites close to retail and existing leisure facilities – but is also looking into acquiring under-performing health clubs.

He said: "The demand for budget fitness facilities has increased significantly during the recession as people have cut back on what they deem as a 'luxury’."

The company is funded by Leisure and Media VCT, a private company and a ‘high net worth individual’ who combine to create the board.

Leisure property specialist Humberts Leisure is assisting FitSpace with the search for new sites.

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