Westpac banks on Jetts with franchise accreditation

Leading 24-hour gym group Jetts Fitness, has partnered with Westpac to provide a high level finance accreditation package for its burgeoning franchise network.

The Australian owned group has opened 123 clubs across Australia and New Zealand since its inception in 2007, attracting more than 100,000 members to its clubs.

Jetts Executive Director Adrian McFedries says the package is one of the strongest funding programs he has seen in the past nine years of extensive experience in the global franchise sector, stating "our goal from the outset was always to develop the right package with the right partner that suited our networks needs.

"Westpac recognised the outstanding historical results of the group, but more importantly took the time to understand the infrastructure driving future growth, network consistency and sustainability of earnings, which was key for the partnership."

The accreditation program offers a high level of unsecured funding for greenfield sites for both new and existing operators, as well as a resale package to support buyers of existing clubs.

Westpac Head of Franchising Phil Smith said the high-level package was testament to the high standard of the Jetts business, adding "for a Franchise system that is four years young, Jetts is in the top 10% of systems that we have partnered with for accreditation.

"Its recruitment processes, operational standards and club profitability are extremely solid and we are proud to be partnering with a growth company that is focused on the key drivers of success for a franchise network."

The 100% Australian-owned chain has 109 clubs nationally with a further 24 clubs scheduled to open this year.

Jetts Fitness currently operates clubs in Queensland, New South Wales, Victoria, South Australia, Western Australia, Tasmania and New Zealand.

For more information go to www.jetts.com.au.