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24 Hour Fitness weighs bankruptcy

W

Wiseguy

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Get Shredded!
Just read.

Gym chain 24 Hour Fitness is working with advisors to weigh options including bankruptcy that could come as soon as the next few months. First Gold's now this. I wonder if anyone will survive.
 
Luckily I live in a pretty big city and there are many gyms all over, so when the quarantine is lifted even if my current gym stays closed, I can transfer to many others that remain. But I feel for some of you that live out in small towns with limited gyms. Damn virus!

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Seems now gyms are starting to drop like flies from this virus :(
 
Funny thing is I am a member at both gyms and they haven't stopped charging their monthly fees, so why are they filing bankruptcy while closed and still charging?
 
Wiseguy said:
Funny thing is I am a member at both gyms and they haven't stopped charging their monthly fees, so why are they filing bankruptcy while closed and still charging?
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I received an email from 24 hour fitness informing me that they are not charging dues last month. You might want to contact them. I don’t know anyone paying gym dues to 24 hour fitness. My other gym I pay $300 up front and don’t have to worry about monthly dues.
 
Sherk said:
I received an email from 24 hour fitness informing me that they are not charging dues last month. You might want to contact them. I don’t know anyone paying gym dues to 24 hour fitness. My other gym I pay $300 up front and don’t have to worry about monthly dues.
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My gym also offered a free month, or a free guest pass for a friend for a month. Pretty cool for them to do this. LA fitness, sent emails about 3 weeks ago.

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Sherk said:
I received an email from 24 hour fitness informing me that they are not charging dues last month. You might want to contact them. I don’t know anyone paying gym dues to 24 hour fitness. My other gym I pay $300 up front and don’t have to worry about monthly dues.
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I should say they sent me an email last month saying that they won’t be charging monthly dues until they reopen. But I would have no problem paying monthly dues if it would keep them from going under
 
zionoir626 said:
Gold's is a scam.......get the stimulas and shut down 30 gyms.......sweet,,,and guess who pays that back...US
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As I take it they are only shutting down the company owned gyms not the franchised ones.
 
I hope they don't. I bought a lifetime membership way back in the day. Only pay 45$ a yr to go. Also comes in handy when working out of town.
 
Well if I'm wrong........then it's so...........Damn sounded good,plus I used to belong,and hate that place SO corp. Amer
 
They linger they keep us shut down the more companies & small businesses owners go bankrupt. Listen now & hear me later this is a big deal not just here but globally. My wife is living in Dubai & they're on 24/7 shutdown I can't begin to imagine the amount of money lost much less the price of crude! Imo this will have devastating effects on us all. If they force a digital cashless society on us how will we buy gear? A US Army sergeant told me 32 years ago. I asked him why are they making steroids illegal? He said because they work & strong people can rebel. He said one day they will take our herbs & vitamins because sick unhealthy people can't fight back. Can't believe it that was so long ago.

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Gold's is a hell hole I hope they close them all.

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I might have to close down my Gym too. Rent is piling up. And there's no hope of opening anytime soon. Government is forcing me to pay all salaries from my pocket. I have paid for two months but that's it. It is not sustainable.

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Rajput said:
I might have to close down my Gym too. Rent is piling up. And there's no hope of opening anytime soon. Government is forcing me to pay all salaries from my pocket. I have paid for two months but that's it. It is not sustainable.

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Damn bro, that sucks. I hope things turn around for you soon

I Didn't Choose the Swolle Life, The Swolle Life Chose Me
 
Rajput said:
I might have to close down my Gym too. Rent is piling up. And there's no hope of opening anytime soon. Government is forcing me to pay all salaries from my pocket. I have paid for two months but that's it. It is not sustainable.

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Don’t shut down the gyms just get rid of some of your butlers
 
frank zazz said:
Don’t shut down the gyms just get rid of some of your butlers
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Rule of business, never try to sail a drowning ship.
Im siphoning all my resources into my construction business.
Our government has made construction tax free.
Its a bad business decision to keep paying rents and salaries from pocket for another 6 or so months. Meanwhile having a better option at hand.
So i might just keep the equipment at a warehouse.

P.s butlers are already laid off. Corona scare fuckers would simply not listen and go out for congregation prayers


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