A look at the people behind the numbers in area business
MIKE AND ANDREA JONES ALCHEMY
Title: Mike Jones, CEO; Andrea Jones, chief marketing officer
Age: Both are 36
Mike and Andrea Jones opened a location of group fitness studio Alchemy just last week in Minneapolis' North Loop and already are planning more. Many more.
They and their ownership group envision opening 200 Alchemy studios nationally over the next 10 years.
Alchemy's northeast Minneapolis location, which opened in March, has grown rapidly to more than 200 members. The business model, Mike Jones said, "is extremely profitable and sustainable."
Plans call for opening two or three local Alchemy studios next year before possible expansion in the Washington area, where the Joneses are from, and Denver, where they have family and professional connections.
The Joneses helped launched Union Fitness, which operates CrossFit gyms with more than 600 members in St. Paul, Minneapolis and St. Louis Park, in 2009. At Union Fitness and Alchemy they offered long free-trial periods to refine programs, attract members, train employees and plan for their full-time career development.