Fitness franchise to double the number of sites in Northern Virginia
Orangetheory Fitness, a fast-growing fitness franchise, plans to double its presence in Northern Virginia and Washington, D.C., by next spring.
The Fort Lauderdale, Fla.-based company currently operates 10 studios in the Washington region. It plans to open one new studio in the District and 11 in Northern Virginia. The 12 studios are expected to employ 220 people.
The company, which opened its first studio in Fort Lauderdale in March 2010, expects to have a total of 700 sites by the end of the year.
The Northern Virginia sites opening by early fall include Pentagon City and Clarendon in Arlington and Fairfax and McLean in Fairfax County. In upcoming months, studios are slated to open in Kingstowne, Reston, Lake Ridge, Stafford, Fredericksburg, Leesburg and Annandale. The new site in Washington will be in the Capitol Riverfront area.
The first Orangetheory studio in the region opened in Fairfax in 2013.
The company was ranked No. 415 in Inc. magazine's annual list of 5,000 fastest growing private companies. Inc. reported last year that the company had a three-year revenue growth rate of 1,147 percent and posted 2014 revenue of $10.4 million.