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Open for Business: SWET Hot Yoga and Fitness Studio

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SWET Hot Yoga and Fitness Studio
SWET Hot Yoga and Fitness Studio was the first tenant to open in Magers Crossing when on March 25 the studio began offering classes. At 4216 S. Cox Road, Operations Manager Shelli Luke said 130 classes are on the roster each week in heated and unheated studios, from TRX and barre classes to restorative and yen yoga. Luke said 33 contracted instructors are on board, along with six front-office staff. Monthly memberships with unlimited classes range from $89 for a single to $175 for a family, and the drop-in rate is $15 per class, Luke said. SWET – which stands for strength, wellness, energy and tone – is owned by Bethany Fite, Virginia Bailey and Kim Ramage. Fite said a small-business loan through OakStar Bank financed the startup, and they’re locked in to a five-year lease for 3,000 square feet. She declined to disclose financial terms. The property is listed at $14 per square feet.
Hours: 5 a.m.-8:45 p.m. Monday through Friday, 7 a.m.-5 p.m. Saturday and 8:30 a.m.-4:30 p.m. Sunday
Phone: (417) 881-7938

CrossFit Republic LLC
Husband-and-wife co-owners Macy and Jennifer Mitchell on Feb. 10 moved CrossFit Republic LLC to 509 W. State Highway 174, the former Gold Medal Gyms building in Republic. Macy Mitchell said the CrossFit gym started in 2013 with 4,000 square feet in two units at 1244 E. Highway 60 in Republic, before doubling through two dividing walls and maxing out that space, as well. “We couldn’t wipe out anything else except for the bathrooms and the child care room,” he said. The gym now occupies 11,000 square feet in a five-year lease with state Rep. Jeff Messenger for $4,500 a month. With 12 employees and about 500 members, the gym offers standard CrossFit classes, as well as Olympic lifting, yoga, endurance boot camps and skills training. CrossFit charges an annual affiliate fee, which he said for his gym is $3,000, a grandfathered rate. Memberships are $70 per month for an annual commitment, said Mitchell, whose family also owns and operates All-American Rental Inc.
Hours: 5 a.m.-8:30 p.m. Monday through Friday, 9-11 a.m. Saturday and 2-4 p.m. Sunday
Phone: (417) 732-5433

Guaranty Bank
Guaranty Federal Bancshares Inc. (Nasdaq: GFED) on April 2 finalized its acquisition of Carthage-based Hometown Bancshares Inc. for $4.6 million in cash. Through the merger, the Springfield-based holding company now operates two wholly owned subsidiaries – Guaranty Bank and Hometown Bank, National Association – with total assets of roughly $980 million. Each share of Hometown common stock was converted to $20 in cash. The merger is the first full-bank acquisition for the for Guaranty Bank, which as a result, expanded into Newton and McDonald counties. Hometown Bank has seven branches: two apiece in Carthage and Joplin, and one each in Neosho, Oronogo and Pineville, and Guaranty officials say they plan to keep them all open. Guaranty Bank now operates 18 full-service branches. It already had locations in Green, Christian and Jasper counties, and a loan production office in Webster County. It opened its 11th Guaranty branch in November 2017 at Farmers Park.
Hours: 8 a.m.-6 p.m. Monday through Friday and 9 a.m.-1 p.m. Saturday (customer support)
Phone: (417) 520-0260


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