StretchLab, based in Irvine, CA, announced it has recently signed its 500th franchise agreement and opened its 150th studio this month.
In 2021, the stretching studio, owned by Xponential Fitness, opened 52 locations and secured over 270 franchise agreements. The 150th studio opened in Lake Pleasant, AZ on January 24.
The newly signed agreements will expand the company’s reach to U.S. cities, including Washington D.C., Fargo, Charleston, Colorado Springs, and Miami. A deal was also signed to develop a location in Vancouver, which will mark its second Canadian studio in that market.
“We are so excited to see that assisted stretching is becoming a mainstream part of the boutique wellness space, as evidenced by our many openings in 2021 and hundreds of studios in development,” said Lou DeFrancisco, president, StretchLab. “It is so wonderful that people are prioritizing their wellness and recognizing that assisted stretching is truly beneficial for all ages, body types and fitness levels. We are honored to be involved in not only their health and wellness journeys, but the entrepreneurial journeys of our more than 200 owners across the U.S. and Canada as well.”
StretchLab also announced it signed a Master Franchise Agreement to bring studios to Australia and New Zealand over the next few years.
Photo courtesy StretchLab
