Vertical software45% entry signalMarket screen4 sourced figuresOne thing must be trueincumbent vulnerability

Fitness Studio Management

Prepared 2026-09-08

The buyer population — Fitness and recreational sports centres

Base industry report for 713940 →
Establishments · CanadaA
4,538
with employees
Under 10 employeesA
57%
most common size: 1–4
Establishments · USA
40,786
Employment · USA
649,964
16 per establishment
Payroll · USA
$12.1B
$19k per employee

Of 4,538 Canadian establishments with employees, 57% have fewer than ten — mostly small operators. Each of those is one potential account, before any filter for size or fit.

Entry signal — what decides who wins here

One thing must be true
Structure decides One thing must be true Execution decides

Entry turns on a single condition that can be named and tested before much is spent. Clear it and this becomes an execution question; fail it and no amount of operating skill helps.

What you would have to beat

Displace an incumbent the screen found well defended — payments attached to the workflow, data that does not leave, a contract that renews itself. Share here means giving a buyer a reason to break something that currently works, which is a higher bar than being better.

How it was read
Binding constraintUNVERIFIEDincumbent vulnerability — Executional — a better operator can move it.
Measured inputsUNVERIFIEDnot applied — This is a software market. The industry’s business counts describe its BUYERS, not the market being entered, so they are left out of the signal.
How many new establishments are still tradingA
Arts, Entertainment, and Recreation, US · opened 2020
81.3%
1 year
70.3%
3 years
57.1%
5 years
40.8%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.

Companies named in this market · 15

The binding constraint — incumbent vulnerability

Heavily contested with payments attach as the revenue model. Studio churn is high, which makes customer acquisition expensive and retention structurally poor. Nothing is disclosed here. Every vendor named on this record is private, or sits inside a parent that does not break the line out, so no revenue floor can be built and the market size is genuinely unknown rather than estimated.

Angel-backed companies13
in the Canadian portfolio dataset
Province mixAB 8, ON 2, NL 2, QC 1

Sectors joined: Sports Tech · Brain Fitness · Sports Performance · Beauty/Wellness · Sports Analytics · Sports Equipment

[UNVERIFIED] Sector-to-NAICS mapping is analyst judgment — see data/angel-sector-map.json. Counts are a per-record cross-reference and are not additive across records.

I

The incumbent

Who owns this market and who is coming for it. Fields a screen never reached say so rather than guessing.

Incumbent
Mindbody
Scale
Long-dominant, now part of a larger private-equity-backed group
Challengers
Xplor, Wodify, Glofox, Zen Planner, Push Press
Lock-in mechanism
Not assessed — screened before diligence
Price movement
Not assessed
Is the buyer consolidating?
Yes
F

Financials & market size — sourced

Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.

Vista Equity acquisition of Mindbody, 2018B $1.9B take-private
Mindbody–ClassPass combination, 2021B combined entity valued at about $3B, with $500M of new funding led by Sixth Street
Playlist–EGYM merger, 2026B $7.5B combined valuation with $785M of new investment, led by Affinity Partners alongside Vista, Temasek and L Catterton
TrajectoryB $1.9B in 2018, about $3B in 2021, $7.5B in 2026 — the same asset plus what has been bolted to it
V

The field

Every vendor named on this record, and what each one discloses. Most disclose nothing, which is why the market is not sized.

Competitor set · 6 named · 0 disclose revenue

NameRevenueShareNote
MindbodyB not disclosed — Now inside Playlist alongside ClassPass and Booker, which merged with EGYM in 2026 at a $7.5B combined valuation. Bought by Vista for $1.9B in 2018; the 2021 ClassPass combination valued it at about $3B. No revenue published at any point in that chain
ABC FitnessC not disclosed — Private (Thoma Bravo)
WodifyC not disclosed — Private; gym-management software built around CrossFit-style boxes
EGYM (Playlist)B not disclosed — Merged with Playlist in 2026; equipment and wellness technology rather than studio software alone
Xplor Technologies (Mariana Tek, Clubworx)C not disclosed — Private-equity roll-up of vertical software and payments; no line reported
WellnessLiving / Glofox (ABC Fitness)C not disclosed — Private; the mid-market alternatives to Mindbody

Nobody here publishes revenue. The market is not sized for that reason — an estimate built on nothing would only look like knowledge.

S

Startups & challengers

Newer and smaller vendors going at the incumbent — funded challengers first. Named, not researched to the depth of the field above; a company with a page here links to it.

CompanyStageWhat it doesRaised
Daxko Funded challenger Membership, billing and program software for YMCAs, JCCs and health clubs. —
Vagaro Funded challenger Booking, POS and marketing for salons, spas and fitness businesses —
Arketa Startup Booking, payments and on-demand video for boutique fitness and yoga studios. —
PushPress Startup Member management and billing for CrossFit and independent gyms. —
Walla Startup Booking, membership and payments for boutique fitness and yoga studios —
EZFacility Scrappy competitor Scheduling, membership and billing for gyms, sports facilities and campus recreation —
Gym Master Scrappy competitor Membership, access control and billing for gyms —
TeamUp Scrappy competitor Class booking and membership software for fitness studios and gyms —

Evidence

Evidence. UNVERIFIED — screened on analyst judgment against the model in _method/screening-model.md. Incumbent names and positions are from general market knowledge and were not independently researched for this record. Verify before acting. Updated 2026-09-18: the valuation chain is now on the record — $1.9B (2018), about $3B (2021), $7.5B (2026), all from trade coverage [B]. Not one of those is a revenue figure. Every vendor here is private or inside a private roll-up, so what is measurable is what investors paid — and the consumer marketplace bolted to the software (ClassPass) is a large part of what they were paying for.

#

Where the industry talks

The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.

AssociationCanadaA
Fitness Industry Council of Canada
fitnessindustrycanada.ca

Not-for-profit trade association of fitness facility owners and operators; ficdn.ca redirects here. Says it speaks for 7,000+ facilities (sector size, not membership).

Checked 2026-09-22
AssociationInternationalA
Health & Fitness Association
healthandfitness.org

Formerly IHRSA; global trade association of health club operators and suppliers. Member count not stated on home page.

Checked 2026-09-22
AssociationCanadaA
canfitpro
canfitpro.com

Canadian fitness certification body; home page says over 25,000 professionals hold its certifications (certified, not stated as members). Runs the Global Conference & Trade Show.

Checked 2026-09-22
EventInternationalA
The HFA Show
hub.healthandfitness.org

HFA's annual convention and trade show for club operators; next is Las Vegas, March 10-12, 2027, per healthandfitness.org.

Checked 2026-09-22
EventCanadaA
canfitpro Global Conference & Trade Show
canfitpro.com

Canada's main fitness-industry conference and trade show; 2026 is its 33rd year.

Checked 2026-09-22
PublicationUSA
Club Solutions Magazine
clubsolutionsmagazine.com

Trade magazine for health club owners and operators; articles dated Sept 21, 2026.

Checked 2026-09-22
PodcastInternationalA
The Fitness Business Podcast
fitnessbusinesspodcast.com

Weekly podcast for gym owners and managers, running since 2015; latest episode Sept 18, 2026.

Checked 2026-09-22

Club Industry (clubindustry.com) and Athletic Business block automated access and are not listed. Reddit r/gymowners is banned.

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The businesses it sells to

Operating-business records filed along the same branch of NAICS — the customers of this software, screened as businesses in their own right.