BSFFF - Basic-Fit Is Ready To Conquer The European Fitness Market
Introduction
Basic-Fit (BSFFF) is Europe's biggest fitness operator. It owns 784 clubs and has 2,221,000 paying members. In this article, I will discuss Basic-Fit's strong business model, elaborate its strong cash position, and how it can continue to expand its concept across Europe to the benefit of shareholders.
(Source: Basic-Fit IR)
Basic-Fit's strong business model
Basic-Fit operates low-cost fitness centres all around Europe. It's planning to open 150 new fitness locations every single year. However, that was a plan before COVID-19. I will elaborate later that it seems likely Basic-Fit will continue its expansion