Anytime Fitness Franchisee Debuts on Toyko Stock Exchange
Trading as FFJ, Fast Fitness owns 850 Anytime Fitness clubs across Japan. Anytime Fitness is the world’s largest fitness franchise with more than 5,000 franchise locations locally operated across 32 countries worldwide (including one in Antarctica, which made Anytime the first franchise chain doing business on all seven continents). Founded by Chuck Runyon and Dave Mortensen, Anytime is part of Self Esteem Brands, their privately held parent company headquartered in Woodbury, which also includes Basecamp Fitness, The Bar Method, and Waxing the City Worldwide.
“The long game for Self Esteem Brands is a bet on health and wellness, and it’s incredible to watch the growth and success of FFJ,” Runyon said in a statement. He called FFJ’s initial public offering a signal of the fitness industry’s strength and ability to successfully emerge from the Covid-19 pandemic.
FFJ opened at 3,000 yen and closed Wednesday at 3,400 with a $360 million market cap.
Runyon has spoken candidly throughout the year about the challenges of operating a fitness enterprise during global health pandemic—particularly given differing mandates and case counts around the country and world. In August, Self Esteem Brands offered $500 grants to its front-line employees to help them stay afloat after government stimulus checks dried up.
“We embraced a disruptive model when we first started Anytime Fitness and build a multi-billion dollar worldwide business that stands for health and wellness and supports small businesses,” Runyon said. “Now, the fitness industry is being disrupted again, shifting after the pandemic to a new normal as people worldwide reconsider the importance of exercise and movement to manage their health. This is a fantastic time for entrepreneurial franchise owners to join our brands, like FFJ, and help communities everywhere embrace their personal wellness in new and different ways.”