Will Gyms Going Out Of Business During The COVID-19 Lockdown?
COVID-19 has changed a lot of things in our normal life, nearly every individual and business has had their daily routine dramatically altered, including how we exercise. One special type of business is getting slaughtered by the pandemic: gyms. Many gyms were forced to shut down as things grew worse. Here’s a list of going out of business gyms that we have collected for you!
Is Gold’s Gym going out of business?
Gold’s Gym is an American-based chain of international co-ed gyms originally founded by Joe Gold. After 55 years in business, up to May 2020, Gold’s Gym has nearly 700 locations worldwide.The pandemic has affected the company so much that they had to file for bankruptcy protection in May 2020 after temporarily closing facilities.
Gold's Gym had to file for bankruptcy in May 2020 due to coronavirus-related shutdown.
However, the company’s CEO claimed that they are not going out of business. The bankruptcy will only affect company-owned locations and not franchisee-owned gyms. You can join Gold's Gym now with our exclusive deals and free trial at FindCouponHere.
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Does 24 Hour Fitness still open?
24 Hour Fitness is a privately owned and operated chain of fitness centers in California. As of 2017, 24 Hour Fitness has over 4 million members and more than 420 clubs in 13 states, with more than 22,000 employees. 24 Hour Fitness has also been hit hard by the pandemic. In June 2020, the company filed for Chapter 11 bankruptcy and closed more than 130 locations across California, Texas, and several other states.
24 Hour Fitness has also been hit hard by the pandemic.
Even so, 24 Hour Fitness is not going out of business. In December 2020, the company claimed that it had emerged from financial restructuring and was excited to reopen its remaining clubs in phases. Don't forget to check out our 24 Hour Fitness discount codes and promotions if you are planning to get your summer body anytime soon!
Is YouFit Health Clubs going out of business?
YouFit is an American-based chain of health clubs. Founded in 2008, YouFit has over 100 locations across 14 states. YouFit is well-known for its emphasis on environmental responsibility. To encourage its members to adopt eco-friendly habits, YouFit locations only use eco-friendly facilities and hold annual Earth Day.
YouFit Health Clubs has over 100 locations across 14 states.
In November 2020, YouFit felt the financial sting of the coronavirus pandemic and filed for Chapter 11 bankruptcy. However, the company hasn’t disclosed whether any locations will close.
Is New York Sports Clubs going out of business?
New York Sports Clubs started in New York City as a small chain of squash clubs. Over four decades, they have been consistently trying to improve their offerings and services to connect to their members and deliver the best fitness experiences.
New York Sports Clubs joined several gym operators grappling with the Covid-19 crisis in September 2020.
Yet, the company joined several gym operators grappling with the Covid-19 crisis and filed for bankruptcy in September 2020 after many locations had been shut by the pandemic. The CEO claimed that the Chapter 11 filing is aimed at reducing its debts and strengthening the company’s financial structure.
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Is Cyc Fitness going out of business?
Just like other fitness, Cyc Fitness took a hit from closing its studio due to the coronavirus-related shutdowns. In December 2020, Cyc Fitness’s parent company, Cyc Holdings LLC., filed for Chapter 11 bankruptcy. After struggling during the lockdown, Cyc Fitness decided to seek bankruptcy protection to get out of leases and pay bank creditors while continuing to operate.
Cyc Fitness took a hit from closing its studio due to the coronavirus-related shutdowns.
Is Yoga Works going out of business?
Yoga Works was one of the largest providers of yoga instruction in the USA. The company offered yoga courses, teacher training as well as yoga apparel and accessories.
Yoga Works was one of the largest providers of yoga instruction in the USA.
Yoga Works was struggling with financial problems even before the pandemic hit. The company filed for Chapter 11 bankruptcy as a part of the restructuring and permanently closed all of its locations. It will continue its business by shifting its focus to digital platforms by offering live-stream, online classes, and teacher training.
Is Flywheel Sports going out of business?
Flywheel Sports is a chain of spinning studios beloved by fitness-obsessed city dwellers. However, the company decided to close all its 42 locations, added to the fitness chain wreckage. In September 2020, Flywheel Sports filed for bankruptcy with plans to go out of business after the lockdown.
Flywheel Sports is a chain of spinning studios beloved by fitness-obsessed city dwellers.
>>> Check out our list of going out of business restaurants HERE!
Nevertheless, if gyms can hang on long enough until everything gets better, those who are left standing could wind up doing well for themselves. To keep yourself updated on whether your favorite gyms are going out of business or not, you can sign up for your email address here. Our team will make sure to inform you of the latest news along with popular restaurants’ deals and promotions.
