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While this is only pertaining to their corporate owned locations if things are bad enough for them to close corporate locations I can only imagine there will be franchisees who will have to close as well. It’s a sad state of things.
such a sad thing to see. i wonder if the franchise rate will increase on the private owned. the gym i normally go to is a golds franchised location and the owner is actually not charging our monthly dues right now. which is cool of him but i would almost rather pay my membership and not lose the facility than the alternative. this shit is fucking everything up big time
I can’t speak to golds but I know at planet we have gotten a lot of our franchisees rent freezes while they are closed. We also helped many get the apps for the ppp and other small business loans. Our ceo paid all staff for the first month that we were closed and only furloughed then as of last week. All executives have taken pay cuts and the ceo isn’t taking any paycheck at all until we open. Our hopes are that we will be open by June. The big thing for us is what restrictions will the government impose upon our industry. Will it be limiting the number of members in the gym at one time? Will it be staggering the equipment? We have a ton of new sanitizing standards ready to roll out when the time comes. It’s going to be a strange new world after this.
Originally posted by chemicallyengineeredView Post
I can’t speak to golds but I know at planet we have gotten a lot of our franchisees rent freezes while they are closed. We also helped many get the apps for the ppp and other small business loans. Our ceo paid all staff for the first month that we were closed and only furloughed then as of last week. All executives have taken pay cuts and the ceo isn’t taking any paycheck at all until we open. Our hopes are that we will be open by June. The big thing for us is what restrictions will the government impose upon our industry. Will it be limiting the number of members in the gym at one time? Will it be staggering the equipment? We have a ton of new sanitizing standards ready to roll out when the time comes. It’s going to be a strange new world after this.
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I sure hope the Planet I go to doesn't close up. That place is already so clean!
The ceo has a town hall meeting with us every week and the goal is we closed with 2000 clubs and 15 million members and they plan to open back up with the same. While you can’t completely save all memberships during this time we should Be able to keep all The locations. Plus corporate typically buys back any franchises that may be underperforming and revitalizes them.
Originally posted by chemicallyengineeredView Post
I can’t speak to golds but I know at planet we have gotten a lot of our franchisees rent freezes while they are closed. We also helped many get the apps for the ppp and other small business loans. Our ceo paid all staff for the first month that we were closed and only furloughed then as of last week. All executives have taken pay cuts and the ceo isn’t taking any paycheck at all until we open. Our hopes are that we will be open by June. The big thing for us is what restrictions will the government impose upon our industry. Will it be limiting the number of members in the gym at one time? Will it be staggering the equipment? We have a ton of new sanitizing standards ready to roll out when the time comes. It’s going to be a strange new world after this.
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i am training with a buddy now in his facility while everything is locked down. he is a retired marine and has one of the cleanest if not the cleanest facility i have ever been in in my entire life. i have been in facilities all over the world and his is hands down the most up kept place i have seen. he puts his anal attention to detail from the marine corps into his place. kind of feel bad for his employees but you damn sure wont catch mrsa or some nasty ring worm up in there. it's funny when i roll in with him how they all jump to.
Say it ain't so! It is truly a sad time, especially for old-school muscle-heads like myself who, prior to a Gold's Gym opening in my town, used to plan vacations based on what gym's I could train at and know the local pros that were from the area(s) and where they trained. In hopes of maybe getting to see them train at such legendary places as Gold's, World's. etc.
Awaiting the purple n yellow planet to open the doors!
The most current info I have is that the earliest that corporate can consider reopening clubs is may 13th. And of course everything will hinge on when that state and region lift their stay at home orders. After that point there is some criteria that the clubs must meet before they get the ok to reopen. As I have clearance to share more info I will.
On a side note the consensus in my area, Hudson valley region of ny, is that we won’t reopen here until at least June 1st.
Originally posted by chemicallyengineeredView Post
The most current info I have is that the earliest that corporate can consider reopening clubs is may 13th. And of course everything will hinge on when that state and region lift their stay at home orders. After that point there is some criteria that the clubs must meet before they get the ok to reopen. As I have clearance to share more info I will.
On a side note the consensus in my area, Hudson valley region of ny, is that we won’t reopen here until at least June 1st.
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