Institutional Edition · $349
For the people who have to put a number in front of a board.
Everything in the Operator Edition, plus the live financial model, the investor deck, and a firm-wide internal use licence. If this research is going into an investment committee paper, a franchise partner pitch or a board pack, this is the version you are licensed to use.
What you get
| Asia-Pacific Fitness Market Analysis 2026 | Fourteen markets, unit economics, 18-operator competitive matrix, scenario and sensitivity modelling, the distressed-asset screening methodology. |
| APAC Fitness Market Financial Model | The live spreadsheet. Change churn, ARPU, CAC or ramp and watch payback and EBITDA move. Built for underwriting, not illustration. |
| APAC Fitness Market Investor Deck | Presentation-ready. The thesis, the numbers, the five moves. |
| The 4-Layer Performance Diagnostic | Run it on the asset you are evaluating, or on the management team you are backing. |
| Firm-wide internal use licence | Circulate to your team, your investment committee and your board. The $79 and $89.99 editions are single-reader only. |
Why the licence is the point
At $79 you are buying a document to read. At $349 you are buying the right to build a decision on it, in writing, with your firm’s name on the paper.
Most research at this price is sold on page count. This is sold on three things a PDF cannot give you: a model you can disagree with, a deck you can present unedited, and the legal right to circulate both internally.
Why the model matters
A PDF tells you what I concluded. The model lets you prove me wrong.
Every figure in the report traces to a cell you can edit. If your view on Indonesian ARPU or Vietnamese churn differs from mine, price it yourself in about ninety seconds and see what it does to payback and EBITDA margin. That is the difference between research you read and research you can underwrite with.
Who this is for
Private equity and venture teams underwriting a regional fitness asset. Franchise groups modelling Tier-2 Indonesia or Philippines entry. Operators preparing a board paper or a capital raise. Advisory firms building a client recommendation.
Report and deck as PDF, model as a live spreadsheet. Delivered instantly. Firm-wide internal use licence included.
A question the tools cannot answer
Every one of these is built to be used without me. That is deliberate.
But if you run the numbers and you are still not sure what they mean for your situation, that is what the Performance Diagnostic call is for. Thirty minutes, no obligation, no pitch theatre. You leave with your real constraint named and the first move defined, whether or not we ever work together.
Russell Dean Wantenaar · 30 years across South Africa, the Middle East and Asia · Operator first, consultant second.