Reimagining the box gym industry with a download-to-join membership model
Business Model:
Revenue: $264.3k
Employees: 2-10
Address:
City: New York
State: New York
Zip:
Country: United States
ABOUT US Drop Fitness is a fitness club that offers its members access to four premium NYC-based boutique studios under one roof (Fhitting Room, Humming Puppy, Physique 57, and Mile High Run Club), a private personal training floor, cardio + weights, and amenities not found at other studios such as a kids club, café (powered by The Granola Bar), and luxury locker rooms. Drop is download-to-join: it does not have salespeople, mandatory monthly fees, or a quitting process. Customers download an app to become a member and enjoy one week of unlimited classes, cardio and weights, one free personal training session and one free café item. From there, members can purchase any service either "à la carte" or “subscribe and save”. WHY DROP Boutique Fitness - access to 4 premium studios under one roof + amenities such as cardio + weights, kids club, luxury locker rooms, and café, all at a better price vs. other studios that do not have amenities. Personal Training - access to a private training floor + amenities such as cardio + weights, kids club, luxury locker rooms, and café. No more double paying for membership fees and personal training. Cardio + Weights - complementary with classes and personal training, or purchase cardio + weights à la carte if you do not value the other services. World class, curated café and retail accessible to the general public in front of house. Drop Fitness opens in Montvale, NJ in the spring of 2022.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2018 | Pre Seed Round | $1M | 2/2022 | Seed Round | $7.3M |
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