Colombian Gyms Coming to Central America

The Bodytech chain of gyms is to open branches in Panama and Costa Rica.  

Wednesday, March 5, 2014

The Colombian gym chain, Bodytech has announced that is preparing to go public and establish itself as a leader in the region. In the coming months it plans to reach Panama, Costa Rica and Ecuador.

Bodytech projected it will have 150 branches and 270,000 members in six countries in the region. Currently it has 50 stores in Colombia, 13 in Peru and 48 in Chile. "The goal this year is to make a net profit of $40 million with this expansion plan ...".

Nicolas Loaiza, Bodytech's founder, said "with 200 thousand customers currently affiliated, the dream is to surpass a quarter million customers and $150 million in revenue."

More on this topic

Fitness: Promising Business in Panama

September 2019

It is estimated that in the country about 400 thousand people regularly attend fitness centers, a trend that could go up in the coming years, so some chains project investments for 2020 and 2021.

The business has boosted in recent years, because the population in the country demands healthy and holistic lifestyles, so it seeks sports centers with a portfolio of services concerning nutrition, wellness and disease prevention.

Gym Chain Invests $8 Million in Costa Rica

June 2012

The chain Multispa is to open two new offices in the Costa Rican capital in the coming months.

The two new fitness centers will open in areas of Tibás Llorente and Guachipelín, and will replace the current ones in San Jose and Escazu-Trejos Montealegre.

David Mears, president of the company, said the group is investing about $4 million in each of the sites which measure about 2,200 square meters.

Fitness Business Grows in Costa Rica

May 2011

Four chains of gyms are planning an investment of over $8 million over the next two years.

With an investment of $3.2 million, Gold's Gym chain, will open three new stores in Curridabat, Escazú and Perez Zeledon.

According to,"Multispa is another chain that will open branches to the north and west of San José in the next two years, said David Mears, owner of the firm."

El Salvador: Curves gyms expand

December 2008

The Curves El Salvador franchise is in full expansion mode, driving by a specially designed program for working women.

Last September the company which specializes in feminine health care opened a branch in the city of San Miguel, in the east of the country, and to date has more than 200 active members.

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