The 24-hour fitness group has opened 123 clubs since 2007, attracting over 100,000 members across Australia and New Zealand.
Jetts Executive Director Adrian McFedries said the Westpac package is one of the strongest funding programs he’s seen in his nine years in the global franchise sector.
“Our goal from the outset was always to develop the right package with the right partner that suited our networks needs.”
“Westpac recognised the outstanding historical results of the group, but more importantly took the time to understand the infrastructure driving future growth, network consistency and sustainability of earnings, which was key for the partnership.”
The accreditation program offers a high level of unsecured funding for both new and existing operators, as well as a resale package to support buyers of existing clubs.
Westpac Head of Franchising Phil Smith said the high-level package was testament to the high standard of the Jetts business.
“For a Franchise system that is four years young, Jetts is in the top 10 percent of systems that we have partnered with for accreditation,” Mr Smith said.
“Its recruitment processes, operational standards and club profitability are extremely solid and we are proud to be partnering with a growth company that is focused on the key drivers of success for a franchise network.”
Jetts has another 24 clubs due to be opened by the end of the year.