Irvine-based Xponential Fitness Inc.’s (NYSE: XPOF) boxing concept Rumble said it inked a master franchise agreement in Australia.


The agreement is with Box X Operations Pty Ltd. Box is part of Boutique Fitness Studios Pty Ltd., an Australian master franchise partner for CycleBar and StretchLab, two other fitness brands owned by Xponential.

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The Rumble agreement is good for a minimum of 100 studios in the next five years. Four locations in Sydney and Newcastle are said to be in development.


Xponential, has a portfolio of nine fitness brands it franchises, with 1,839 studios open.


The fitness franchisor acquired Rumble in March and went public in July.


Xponential closed up 2.1% to $12.40 on Tuesday with a market cap of $588.3 million.