Goodlife Health Clubs Explained

Goodlife Health Clubs
Industry:Fitness
Founder:Leon McNiece
Area Served:Australia
Owners:-->
Parent:Fitness and Lifestyle Group

Goodlife Health Clubs is a chain of health clubs, with more than 80 locations in Australia.[1]

History

Leon McNiece founded Goodlife Health Clubs in 2002 in Queensland.[2] McNiece sold a 53 per cent stake in the business to wealth management firm Colonial First State in 2006. However, Colonial soon decided to close its private equity division and put Goodlife up for sale.[3]

In September 2007, Macquarie Leisure Trust acquired Goodlife Health Clubs for $60 million. At the time, Goodlife had 18 health clubs across Queensland, Victoria and New South Wales.[4] In March 2008, Macquarie Leisure purchased the Zest Health Clubs chain for $7.4 million, allowing it to expand Goodlife to South Australia and grow its Queensland footprint.[5] In August 2009, Macquarie Leisure Trust was renamed Ardent Leisure Group.[6] In January 2010, Ardent acquired seven of Zest's Western Australian health clubs for $4.2 million in cash and stock. The locations were rebranded to Goodlife Health Clubs.[7]

In August 2016, Ardent sold the 76-club Goodlife business to Quadrant Private Equity for $260 million, forming part of its Fitness and Lifestyle Group.[8] [9]

In 2023 members of the United Workers Union launched a campaign against underpayment, wage cuts, and poor work conditions at over 150 Fitness First and Goodlife Health Clubs. Within a few months instructors successfully pressured management to concede to their demands.[10]

See also

Notes and References

  1. Web site: Goodlife Health Clubs Review - Costs & Classes. Canstar Blue.
  2. Web site: 28 September 2009 . Annual Report 2009 . 9 July 2024 . Ardent Leisure Group . 13.
  3. Web site: 8 July 2024 . Interview - Leon & Michelle McNiece . 9 July 2024 . www.healthclubmanagement.co.uk.
  4. Web site: 31 July 2007 . Mac Leisure spends $60m on Goodlife . 9 July 2024 . The Sydney Morning Herald . en.
  5. Web site: Castellari . Kate . 19 March 2008 . Macquarie Leisure buys Zest in SA . 9 July 2024 . The Sydney Morning Herald . en.
  6. Web site: 28 September 2009 . Annual Report 2009 . 8 July 2024 . Ardent Leisure Group . 14.
  7. Web site: Burke . Louise . 20 January 2010 . Zest flags exit from WA with health club sales . 9 July 2024 . The West Australian . en.
  8. Web site: 19 August 2016 . Ardent Leisure sells Goodlife gyms for $260 million to private equity firm Quadrant . 9 July 2024 . The Sydney Morning Herald . en.
  9. News: Carter . Bridget . 10 July 2023 . Quadrant’s gyms business Fitness and Lifestyle Group seeks refinancing . subscription . 9 July 2024 . The Australian.
  10. Web site: Dowling . Grace . Jacobin . 2024-05-22 . In Australia, Fitness Workers Are Organizing . 2024-08-12 . The Commons Social Change Library . en-AU.