A Minnesota investment firm is taking Anytime Fitness Inc. to Poland

Posted September 9, 2010 1:13 pm by

A Minnesota investment firm is taking Anytime Fitness Inc. to Poland

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 A Minnesota investment firm is taking Anytime Fitness Inc. to Poland, the Hasting-based fitness club chain said Wednesday. Wayzata Poland Z.O.O, a subsidiary of St. Louis Park-based Wayzata Capital Management Inc., plans to open three Anytime Fitness clubs in Warsaw in the next two years, according to a news release. The first is scheduled to open in Warsaw in November. As many as 10 clubs are planned for the nation’s capital before the firm expands to other Polish cities. Like domestic Anytime Fitness clubs, the Polish clubs’ cardio and strength-training machines will be accessible to members 24 hours a day. Monthly membership fees run between $30 and $40.

Wayzata Poland has an option for a master franchise agreement, which would allow it to sell sub-franchises in the country. “This is a great business opportunity,” said Wayzata Capital Founder Maciek Kaminski, a native of Poland. “We’ve spent our lives helping clients achieve excellent long-term rates of return through smart investments, so we know what works. We see great potential for Anytime Fitness’ 24-hour business model to thrive in Poland.” Wayzata Capital is an assets management firm that deals in Easter European securities. Anytime Fitness has recently announced similar deals in Japan and the United Kingdom and Ireland. 
jhammerand@bizjournals.com

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