Goodlife Health Clubs

The Goodlife Health Clubs chain was established in 1998 and is the dominant branded fitness chain in Queensland. Recently Goodlife has also successfully expanded its operations into Victoria and New South Wales.

The Goodlife Health Clubs strive to create family-friendly and relaxed fitness environments with modern state-of-the-art facilities. Goodlife's success is the result of a customer-centric service model, with fitness instructors using progressive and innovative techniques designed to make fitness fun, for all ages and levels.

In April 2008, Macquarie Leisure continued its expansion into the health and fitness market with the aquistion of the Zest health clubs. This acquisition represented a strategic opportunity for Macquarie Leisure’s Goodlife Health Clubs division to enter the South Australian market with a dominant position (six clubs and one development site in Adelaide) and for Goodlife to secure an additional four clubs in Queensland.

In South Australia the new $1.2 million North Adelaide site opened in August 2008, reinforcing the Group’s position as the State’s largest health club operator. New clubs have also been opened in Caloundra, Queensland (December 2007) and in Parramatta and Menai, New South Wales (April and August 2008 respectively).

Goodlife Health Clubs features

• A unique opportunity to break into a sector with excellent growth opportunities. Growth in the health and fitness industry is fuelled by consumer interest in proactive health management and weight loss, health industry initiatives promoting healthy lifestyle, broadening target markets and rising disposable income and leisure spend;

• Operating synergies and site acquisition opportunities that could be delivered through the Macquarie Leisure portfolio;

• A business with good fundamentals, a strong membership base and modern facilities on competitve long-term leases. Goodlife's position is further strengthened by an experienced and proven management team who has retained an equity interest in the business;

• Significant opportunities to expand the portfolio in Australia's metropolitan markets over the next three years particularly as health club ownership in Australia is highly fragmented.