VIVA Leisure delays IPO plans
Fitness and recreation facilities group VIVA Leisure has delayed its plans for an initial public offering (IPO), what would have been an industry-first in Australia, with modest intention to raise $26 million for further investment.
Impacted by global and local volatility in the stock market, the Canberra-based business’ IPO is one of a number of IPOs that have been put on ice in recent weeks as stock exchanges around the world have experienced erratic trading, impacted by fears of trade disputes between the USA and its international trading partners.
With eight brands covering all four segments within the health and fitness industry, VIVA Leisure currently owns and operates 24 facilities with over 43,000 members clocking in excess of two million visits to-date in the 2018 calendar year.
Over the past 12 months VIVA have demonstrated significant expansion, opening it’s 22nd, 23rd and 24th facilities in the last three months alone, in addition to having secured six additional sites scheduled to commence trading in the next four months.
It has also recently successfully integrated two major acquisitions in both, Xceler8 24hr Fitness in Wagga Wagga and the Elite Physique gym in Canberra’s South.
Explaining the group’s expansion VIVA Leisure’s founder and Chief Executive Harry Konstantinou says “we are enormously proud of both our team and business’ evolution this year and excited to continue the momentum whilst we progress various stages of negotiations for an additional seven new locations throughout regional Australia.
“Further to the organic growth we are currently exploring the option of acquiring established facilities in both metro and non-metro areas to add to our group. Our primary objective is to achieve in-excess of 40 sites during 2019.”
In 2014, Club Lime was voted one of the ACT's most trusted brands.
5th September 2018 - Viva Leisure acquires South Canberra’s Elite Physique fitness club
21st September 2018 - VIVA Leisure group acquires Wagga Wagga’s Xceler8 24hr Fitness
7th August 2018 - Club Lime opens latest ACT club
2nd July 2018 - Club Lime to open new Googong facility
4th May 2018 - Club Lime opens 20th fitness club
12th March 2018 - Australian fitness industry revenues to grow to $2.4 billion by 2022/23
12th March 2018 - Club Lime to open four new facilities in 2018
19th February 2018 - Club Lime announces new Goulburn club opening
7th August 2017 - Club Lime opens 17th facility in West Belconnen
17th December 2014 - Club Lime achieves industry first with ISO 9001:2008 Quality accreditation
6th June 2014 - Club Lime fitness clubs named Canberra’s most trusted brand
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
The Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…read more
Tim Batt Water Solutions are at the very forefront of the commercial aquatic business in Australia, with over 30 years specific experience supplying and installing chemical control and dosing…read more
iEDM integrate Design, Engineering and Delivery Management services to convert existing spaces into exciting new entertainment venues. Our team consists of highly qualified professionals with diverse…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…read more
Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!