Lifetime Fitness 2004 Annual Report Download

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Please find the complete 2004 Lifetime Fitness annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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2004 Annual Report

Table of contents

  • Page 1
    2004 Annual Report

  • Page 2
    ... foundation upon which we help our members achieve their health and fitness goals. In 2004, Life Time Fitness grew to nearly 300,000 memberships at 39 centers across eight states. Founded in 1992, the company is headquartered in Eden Prairie, Minnesota, and employed approximately 8,400 team members...

  • Page 3
    ...distinct philosophy has attracted a seasoned senior management team and like-minded team members, each of whom I personally thank for embodying the spirit and performance-based culture of Life Time Fitness. Together, we've built a solid member-service culture and infrastructure that is well equipped...

  • Page 4
    ...achieving a healthy lifestyle in our Experience Life magazine, or attend free seminars to learn even more. At most centers, they can improve their diet with nutritional Life Time Fitness makes it easier for members to live an active and healthy way of life. Our centers have evolved into four-in-one...

  • Page 5
    ... that means they return again and again, and recommend Life Time Fitness to friends and family. Continually seek the member point of view Members continue to influence Life Time Fitness Our centers also are extremely convenient. The majority are open 24 hours a day, seven days a week. Memberships...

  • Page 6
    Offer four-in-one centers that appeal to a broad market Sports and Athletics Professional Fitness Family Recreation Resort and Spa 4

  • Page 7
    ... connection that promotes loyalty and generates extensive, no-cost, word-of-mouth marketing. TYPICAL CURRENT MODEL CENTER:* Land Building Size Team Members Target Membership Average Investment 10+ acres 105,000+ square feet 270 11,500 $22.5 million The Life Time Fitness experience begins the...

  • Page 8
    ...- both in providing a consistently positive member experience and in managing the business behind the scenes. Dedicated subsidiary for standardized design and construction Life Time Fitness has a wholly owned subsidiary dedicated to designing and building our centers. This in-house capability gives...

  • Page 9
    ... as Member Relations, Information Technology, Procurement, Human Resources and Accounting. As a result, our general and administrative expenses have decreased as a percentage of revenue every year for the past three years. The result: A strong competitive advantage Our distinct business model gives...

  • Page 10
    ... and corporations, in support of a healthier, more active population. With our strong foundation in place and market dynamics in our favor, Life Time Fitness is well Texas 7 locations 2 opening 2005 Arizona 2 locations Illinois 7 locations 1 opening 2005 Indiana 1 location Maryland 1 opening 2005...

  • Page 11
    ... more information on this service, contact Wells Fargo Shareowner Services at 800 - 468-9716. Independent Registered Public Accounting Firm Deloitte & Touche LLP Legal Counsel Faegre & Benson LLP Bahram Akradi Life Time Fitness Director since 1992 Timothy C. DeVries Managing General Partner Norwest...

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    6442 City West Parkway Eden Prairie, MN 55344 952-947-0000 phone 952-947-0077 fax lifetimefitness.com ©2005 Life Time Fitness, Inc. LIFE TIME FITNESS and EXPERIENCE LIFE are registered trademarks of Life Time Fitness, Inc. All Rights Reserved. Printed in USA.