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Revo Fitness pledges to keep gym fees below $10 a week through 2027 as Perth chain targets 100 clubs
Revo Fitness pledges to keep gym fees below $10 a week through 2027 as it targets 100 clubs
Key points
- Revo's basic membership costs $42 a month, against average monthly spending of $77 among more than 1300 gym-goers surveyed by Canstar.
- Parent Fettle Group reported annual revenue up about 62 per cent to $182 million and net profit up 33 per cent to $25.3m.
- Revo plans to open gyms in Busselton and Albany and is searching for sites in Geraldton and Karratha.
Why it matters. Revo's expansion toward 100 clubs depends on securing suitable premises, which Holder said remains difficult, while its $9.69 weekly entry price is set to stay unchanged through next year.
Perth-founded gym chain Revo Fitness has pledged to hold its basic membership under $10 a week until 2027, with its $9.69 weekly entry price unchanged, founder Andrew Holder said. Revo, which has 82 gyms across WA, South Australia, Victoria and NSW, wants 100 clubs nationally by May. Parent Fettle Group lifted annual revenue about 62 per cent to $182 million and net profit 33 per cent to $25.3m, according to accounts.
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Revo Fitness pledges to keep gym fees below $10 a week through 2027 as Perth chain targets 100 clubs
Revo Fitness has pledged to keep its basic gym membership below $10 a week through 2027 as the Perth-founded chain chases regional WA customers and 100 clubs nationally by May. Revo Fitness has pledged to keep its basic gym membership below $10 a week through 2027 as the Perth-founded chain chases regional WA customers and 100 clubs nationally by May. Andrew Holder, who started Revo in a 200sqm Shenton Park gym in 2012, said its $9.69 weekly entry price would remain unchanged through next year. The 35-year-old is preparing to open gyms in Busselton and Albany and searching for sites in Geraldton and Karratha. Parent company Fettle Group lifted annual revenue about 62 per cent to $182 million and net profit 33 per cent to $25.3m, according to accounts. Mr Holder said passing costs on to members was “the easiest lever that a retailer can pull”. “Our responsibility is to find better ways of working so we can absorb that,” he said. Revo’s basic membership costs $42 a month, against average monthly spending of $77 among more than 1300 gym-goers surveyed by Canstar across a mix of memberships and facilities. The chain has 82 gyms across WA, South Australia, Victoria and NSW. Its next stage is backed by a $300m funding facility involving Commonwealth Bank and National Australia Bank. Mr Holder identified Tasmania, the ACT and Queensland as new markets, alongside further expansion in N.