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The brothers are looking to develop more gyms in the Kansas City market, and they also recently signed a deal to open a Onelife Fitness in St. Louis in the Ballpark Village development next to Busch Stadium where the St. Louis Cardinals play. US Best Exercise Equipment Fitness' new majority owners are HRS Management, the family office of Philly-area sports magnate and Apollo Global Management founder Josh Harris , and New York's Delos Capital, a private equity firm. US Fitness currently operates 30 locations of Onelife Fitness in Virginia, Maryland, Georgia and Kansas City, Missouri. It also owns 11 locations of Sport & Health and is a regional franchisee for Crunch Fitness, with five locations. Long-terms plans for growth include opening five to six new gyms per year during the next five years. Those will likely be a mix of ground-up developments and conversions, including reuse of vacant big box and department stores. Those types of developments are cheaper: Ground-up development costs between $125 and $150 per square foot — between $10 million and $12 million — while buildout costs for existing spaces are about half that. That growth could also be accelerated if they grow through acquisition, Kirk Galiani told the Washington Business Journal. They've done it before, acquiring the Sport & Health chain in 2014, two years after they founded US Fitness. Onelife operators believe bigger is better In a market where fitness facilities have been getting smaller and smaller — boutique fitness outlets are ubiquitous — the Galiani brothers have doubled down on larger gym facilities. Sport & Health clubs are the largest — up to 80,000 square feet — and offer the most amenities, including, often, pools, tennis courts, racket sports and other specialty facilities. Onelife clubs top out at about 65,000 square feet and offer a lower price point, and Crunch Fitness clubs range between 15,000 and 25,000 square feet and are the lowest cost option.
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