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Gyms Going Bankrupt!

The NY Times reports the company Town Sports International may have to declare bankruptcy. The company owns 200 gyms, including New York Sports Club and ones in Boston, Philadelphia and DC. The ones in NYC are pretty crappy but cheap. They are at least marginally nicer than Crunch. If gyms disappear, what are the gays going to do?

by Anonymousreply 11507/01/2020

A gym where you have to make an appointment and wear a mask?

And NO showers for me to Showcase in??

by Anonymousreply 106/17/2020

Link might be nice....

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by Anonymousreply 206/17/2020

This is what established gyms are up against.

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by Anonymousreply 306/17/2020

Don' t know where you girls live, but here in NYC any decent mid-tier to above apartment building has a gym or fitness center, especially new construction. Then you have all the latest at home fitness equipment like Peloton that have streamed live on-demand features.

Question then becomes how to lure people out of their homes to walk several blocks to a gym. This and of course membership dues and other issues.

by Anonymousreply 406/17/2020

Back to cruising parks!

by Anonymousreply 506/17/2020

Gyms without dark areas, gloryholes and private rooms have turned away from most of their potential business.

by Anonymousreply 606/17/2020

Gyms have become glorified bathhouses

by Anonymousreply 706/17/2020

How Equinox in NYC handling reopening post covid-19

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by Anonymousreply 806/17/2020

Everyone is going under. Didn't they have any money in savings in case of catastrophes?

by Anonymousreply 906/17/2020

Years ago, if you went too early the 24 hour gym on 14th St. it still had used condoms all over the floors, and the guys would use the HVAC closet to avoid cameras.

by Anonymousreply 1006/17/2020

R9

What likely hurt many gyms is that local or state attorney generals (if not governors) stepped in and demanded they stop billing people for dues during months where places were shut down by PAUSE orders.

Here in NYC people were livid their credit cards were being charged for monthly gym dues they couldn't get to because everything deemed not essential was shut.

That put gyms in same situation as many other retail or commercial tenants. They were paying rent but weren't generating income due to lack of customers, and or being forbidden to bill during shut down periods.

by Anonymousreply 1106/17/2020

24 Hour Fitness also filed Chapter 11 today.

by Anonymousreply 1206/17/2020

OP

Those gyms were expensive, not cheap. Outside of NY gyms can charge 20 a month, offer more and make money.

by Anonymousreply 1306/17/2020

oh the hell with it, let em droop

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by Anonymousreply 1406/17/2020

R13, everything in NYC is more expensive, but I was paying about $50 a month for New York Sports Club, which didn’t seem too bad.

by Anonymousreply 1506/17/2020

R15

Don't know when you joined NYSC, but things are a bit different now.

They hit you up for an annual membership, then you also pay a monthly fee. Some plans charge a joining or other fees as well.

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by Anonymousreply 1606/17/2020

Isn’t Equinox owned by the big Trump bundler? They say the public gyms are dirtier than a public toilet seat. FITTING!

by Anonymousreply 1706/17/2020

We bought a Nordic Track bike. - cheaper than Peloton...I love it and it is a tough workout. I do push up, pull up and have 20 lb barbells. I'm good.

by Anonymousreply 1806/17/2020

My LA Fitness has been closed for months and surprisingly they haven't been charging. I know that might odd, but they're known for all sorts of financial shenanigans - at least my location - so I'm surprised they didn't leave it up to us to call and put our memberships on hold and make it difficult to do so.

I just recently got free weights, a bench, and a standing rack I can use for bench or squats or other things. There was a run on free weights and other equipment at the beginning of quarantine and it took me a while to put my home gym together. I'm not sure I want to go back right when they open again.

by Anonymousreply 1906/17/2020

NYSC is basically across the street from me. I have no idea what I’m going to do when they go under.

by Anonymousreply 2006/17/2020

NYSC is not better than Crunch, OP. They are complete dumps.

by Anonymousreply 2106/17/2020

What are the real swank gyms in NYC? I'm not talking about athletic clubs where you have to be sponsored or be approved for membership or anything like that - just the gyms that have the nicest set up, cleanest, nicest equipment, and are probably more expensive.

by Anonymousreply 2206/17/2020

NYSC used to be terrible when it came to canceling gym memberships and such. Many people will be thrilled to see it go under

by Anonymousreply 2306/17/2020

I'm not, because it's the only thing that's convenient to me. Except for Blink, and that's a hard no.

by Anonymousreply 2406/17/2020

Bankruptcy does not mean the gyms will go under it just means they will run for president.

by Anonymousreply 2506/17/2020

But where can we proudly parade our crepe-like liver-spotted skin in front of all the hawt boys doing the Towel Dance?

by Anonymousreply 2606/17/2020

"Don' t know where you girls live, but here in NYC any decent mid-tier to above apartment building has a gym or fitness center, especially new construction."

I live in a high rise in suburban Philly and the gym in my building has been closed since mid-March by order of the state. A neighbor told me just the other day it may not open until fall.

by Anonymousreply 2706/17/2020

Traditional globo gyms are pretty much fucked during the pandemic.

People packed too closely together, too much equipment, no open windows or doors, people in close proximity for long periods of time.

Gyms in cities are even more fucked because they have no outdoor space-- outside of cities gyms are holding classes in parking lots and similar spaces and could conceivably continue with space heaters come winter.

But there's a big difference between working out outside on a 30 degree day and jumping into your warm car afterwards and having to trek home on the subway or a bus.

by Anonymousreply 2806/17/2020

LA Fitness is open again where I live, but with limited access and limited amenities. The pools, sauna and steam rooms and showers are closed. Only workout areas and changing areas are available. As the economy is officially reopened here, some of these feature closures and restrictions seem to be done not for anybody's safety, but for the gym to save money on utilities and staff. There is no risk from going swimming, for instance. I don't go to LAF, but a friend worked for them until they closed. He said they are operating with only one or 2 people per facility on duty per shift.

My HOA has a gym and it's still closed, along with most of the other amenities. There has been a lot of complaining about that lately, and people are starting to talk about suing the HOA and management company to force things to re-open. The management company let the maintenance people go, but it is still collecting the same fees as before.

by Anonymousreply 2906/17/2020

my gym was charging thru the months of being closed until May 1. They are repopened now and they charged me June fee. I contested the April charge with my cc company and got aprils charges credited back. I havent been to the gym since they reopened. I have driven by the parking lot at various times and it looks like its getting about a third of the crowd. We arent in a high covid area but it isnt low either really...............

I read an article the other day that ranked variuos activities on a risk scale with 9 being the highest and gyms were an 8. The event like Trump is having in Tulsa was ranked a 9. I dont see gyms recovering really. Its going to be hard for me to eventually go back even if covid goes away. Im saving my my money for a treadmill and weights for home. In the meantime I walk and do sit ups and push ups at home but the gym situation is one of the hardest things for me to deal with with covid, as weird as that may seem.

by Anonymousreply 3006/17/2020

"here in NYC any decent mid-tier to above apartment building has a gym or fitness center"

That reeks of a cheap high rise. We who live in downtown pre-war don't know of that.

by Anonymousreply 3106/17/2020

[quote]. Im saving my my money for a treadmill and weights for home

Try that with an NYC apartment.

by Anonymousreply 3206/17/2020

All the more reason to flee NYC and its ridiculously high rents, R32, and get a place that one can actually live in, and not just exist.

by Anonymousreply 3306/17/2020

[quote]All the more reason to flee NYC and its ridiculously high rents, [R32], and get a place that one can actually live in, and not just exist.

And jobs are so easy to find.

by Anonymousreply 3406/17/2020

Well... a lot of people were without money or jobs with COVID. No one wants to be working out and having someone else breathing and perspiring near them or leaving sweat marks on shared equipment. It's a droplet nightmare. And the bathrooms and changing rooms aren't much better.

I think people "took back the outside" during COVID and still are. Guess what, you don't need a gym membership or expensive equipment to work out.

by Anonymousreply 3506/17/2020

R22 I don't know how it relates to 'swanky' but I always liked NYHRC, the one on east 13th st. Was nice as the pool was two levels below, steam rooms and showers a floor above, changing rooms on the ground floor, next was the cardio level, and a great selection of machines and some manufacturer variants (I prefer Precor) but above that was a floor for stretching, pilates machines that required a trainer, and the 'class rooms' although I never saw any classes happening, and strength training on the top floor, so six floors of gym. That was another area they excelled in because they had a huge variety in machines. Never had to wait to use anything. Other facilities of theirs had other things, and you could go to whichever you preferred, but I liked this one.

Far cry from the most expensive places in Philly, even farther in CT.

by Anonymousreply 3606/17/2020

R31

Well then your building needs to up their game. Plenty of pre-war rentals and co-ops added gyms/fitness areas in addition to redoing lobbies, adding children's playrooms, and other things . Many have had no choice but to add amenities or whatever to attract sales or tenants against so much new construction.

by Anonymousreply 3706/17/2020

R22

Maybe not a full gym but you have Racquet and Tennis Club on Park Avenue.

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by Anonymousreply 3806/17/2020

I don’t feel bad for corporations

by Anonymousreply 3906/17/2020

NY Sports Clubs squeezes you for every penny. Their reps lie to you about contracts. It's nearly impossible to quit the gym--it will just keep charging you every month.

It can go to hell

by Anonymousreply 4006/17/2020

"Many have had no choice but to add amenities or whatever to attract sales or tenants against so much new construction."

Not if you live in a nice building. You don't seem that familiar with pre-war buldings in downtown Manhattan.

by Anonymousreply 4106/17/2020

R32 / r33, ty doing that in any apartment -- not just NYC.

by Anonymousreply 4206/17/2020

Notoriously awful company----only the most persistent could ever get their membership to actually end and the gyms already were in trouble.

by Anonymousreply 4306/17/2020

r5 = Richard Quest

by Anonymousreply 4406/17/2020

The two old-school 24 hours fitness gyms I liked in Glendale and Pasadena are closing, so I'm out.

by Anonymousreply 4506/17/2020

There are cheap high-rise apartments in NYC?

by Anonymousreply 4606/17/2020

[quote]If gyms disappear, what are the gays going to do?

Burpees.

by Anonymousreply 4706/17/2020

Some of us don't have the joints for HIIT stuff.

by Anonymousreply 4806/17/2020

Bally's has a bankruptcy every few months, yet they still exist in some form.

Gyms are going nowhere.

by Anonymousreply 4906/18/2020

JEALOUS BITCHES- Since the 1990's I've my own weight set that I bought at Service Merchandise(anyone remember that catalog store?) years ago. It was a basic set of weights- plastic filled with sand- but it does the job. I only paid $19.99 for the weights and maybe $70 for the bench.

by Anonymousreply 5006/18/2020

There's always the YMCA!

by Anonymousreply 5106/18/2020

[R12] if you or others want to be added as claimants for refunds from 24HR Fitness, then here's where to go:

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by Anonymousreply 5206/18/2020

24 hour fitness announced they were closing several locations here in Jersey.

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by Anonymousreply 5306/18/2020

Watched film "The Lineup - 1958) other night was was thinking who wholesome YMCA, The Embarcadero, San Francisco (formerly Seaman's Club) seemed.

Never understood when or how YMCA locations got the reputation as dens of homosexual activity..... Hahahaha

by Anonymousreply 5406/18/2020

Gyms like Equinox, NYSC, etc., have reserve funds on hand at the corporate level and can easily get carry-over funding. They don't operate month-to-month like a family-owned restaurant or a mom-and-pop bakery barely making ends meet to pay their rent. Plus, business with expert legal and tax personnel are expert at writing off losses. Some may close locations but only because their forecasted revenue won't be high enough to keep investors happy.

by Anonymousreply 5506/18/2020

R55

Says you....

Town Sports parent of NYSC has spoke of filing bankruptcy in recent media releases. They lost $18 million on revenues of $427 million last year, and only have $12 million in reserves.

Will NYSC survive? Who knows, but much is going to depend same as for other gyms going forward in a world post covid-19.

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by Anonymousreply 5606/19/2020

Revenues of $427 million last year, and it has only $12 million in reserves? Maybe it should close down due to poor fiscal management.

by Anonymousreply 5706/19/2020

They will go on and to attract members they will once again allow cocksucking in the steam room.

by Anonymousreply 5806/19/2020

Gyms in NYC won't be opening anytime soon....

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by Anonymousreply 5906/23/2020

My gym in LA probably won't make it.

I had some good times there, but eventually it started to remind me too much of high school gym class.

Nuff said.

by Anonymousreply 6006/23/2020

Equinox is now open in LA. I'm so on the fence. You walk in, they hand you towels wrapped in plastic, you book your 90 min session, and a mask must be worn except during exertion which is when you need the mask most. The pool and showers are open, but none of the amenities other than the bare bones. For $300/month, I want the full amenities and can work out at home, but actually miss going to the gym. I'm going to hold out for a bit.

by Anonymousreply 6106/23/2020

R61, Interesting, my location handed out towels (small and large) from behind the front desk as you checked in, no plastic wrap, just stacks like what you would have normally seen on the floor.

Wipes weren't so easily accessible so a lot of people weren't wiping down their equipment after (unless they were being assholes, which is definitely possible). Masks were 50/50; some wore them, some didn't. I did wear mine when I was lifting weights but ended up taking it off on the treadmill as I slowly increased my speed.

Every other shower was open, the Kiehl's pumps were still in there. I brought my own stuff but I guess they figure you're getting clean in the shower, it's okay to keep the pumps touched by however how many people are in there...?

Similar to your experience, I'm glad I visited once, but I haven't returned and don't plan on anytime soon.

by Anonymousreply 6206/23/2020

Anyone who goes to a fucking fun during this time is a MORON.

by Anonymousreply 6306/24/2020

[quote]Gyms in NYC won't be opening anytime soon....

I am going to be so weak when all this is over.

by Anonymousreply 6406/24/2020

This coronavirus is highly airborne, so people breathing and coughing near you could be quite dangerous. It's already obvious that many people don't want to wear masks and/or don't believe that this virus is as serious as it is.

People with strong immune systems may not get sick or may get mildly sick, but become carriers to others. I don't plan on going back to a gym for a while. We're not even finished with our first wave (in the U.S.) yet.

by Anonymousreply 6506/24/2020

So the people who survive this are going to be fat, out of shape, gays who never got dates anyway?

by Anonymousreply 6606/24/2020

$300 a month for Equinox? Chelsea Piers isn't nearly that.

by Anonymousreply 6706/24/2020

Going bankrupt doesn't mean it will disappear. It allows them to not pay some bills. Many retail businesses should be playing hardball w their rent: the landlords can evict the tenant, but then the landlord will have an empty space. Retail tenants should be negotiating w the landlords to share the pain.

However, another matter is how little reserves these businesses have. It seems every time there is a recession, the gov't steps in w myriad complicated programs. So we get too many restaurants, bars, gyms, etc. that we have to support w gov't handouts. People shouldn't be starting businesses w no reserves.

Individuals and businesses should all have 6 months of reserves. Ultimately, we are all paying for these handouts!

by Anonymousreply 6806/24/2020

Landlords in NYC love empty spaces, thank you asshole Bloomberg.

by Anonymousreply 6906/24/2020

I've gone twice to my LA Fitness since it just opened up again last week. It was empty enough both times that it was easy to stay well more than six feet away from everyone else, plus I wore a mask. I'm not concerned. The only thing I was leery about was the weights, because obviously no one's wiping those down after they use them.

by Anonymousreply 7006/24/2020

I am making it work from home and can’t see why I would go back to spending $250 a month for Equinox in NYC.

I’m sure I’m not the only one.

I feel like this is going to severely damage their business model permanently. I certainly hope so. I hate that company.

by Anonymousreply 7106/24/2020

Don't understand why some of you joined these gyms that you "hate", and more so forked over a few hundred per month to remain members.

People have been complaining about Equinox, NYSC, Crunch and rest in NYC for years; which is was one reason never joined. Too much drama.....

by Anonymousreply 7206/24/2020

Out of shape resentful fattie alert at r72

by Anonymousreply 7306/24/2020

Far from it; speak for yourself.

There are more ways to keep in shape than paying huge sums to some bougie gym.

At least when I do to a gym it is with purpose of using the place as intended. Most of you old to ancient out of shape gays only go to lurk about in steam rooms, saunas or other areas for sex.

by Anonymousreply 7406/24/2020

I've been going @ 5a since last wknd and only about 1/3rd of regulars have returned (& everyone's masked), so have been able to socially distanced most times. Plus gym has provided individual sprayers to disinfect pre and post. So far so good. However I won't be returning to classes anytime soon.

by Anonymousreply 7506/24/2020

I had a trainer at my gym and he was really getting me in shape. and he charged me maybe 1/3 of the going rate. He made working out fun and it was nice having a buffer between me and the steroid freaks on the gym floor. Memories of high school bullies can stick with you.

we bantered a lot and I worked hard. He was always making gay jokes. Like left and right. Constantly. The remarks stood out.

He wasn't gay though. He was married.

And divorced.

Twice.

But he wasn't gay because he said he wasn't and then he confided in me he tried gay sex and 'didn't like it.' He was a little old to be experimenting, I thought. But that's just me.

He got weird. We stopped training. His call. It was hard to keep up. But seeing him at the gym has been awkward. I need to not go back when things open up and, hopefully, get better. I wish I could really learn to get in shape by myself.

by Anonymousreply 7606/24/2020

All of these chemical disinfectants can't be good.

by Anonymousreply 7706/24/2020

mine just announced reopening in a week, after more than four months closed

by Anonymousreply 7806/24/2020

[quote]Gyms Going Bankrupt!

What the fuck? I am?

by Anonymousreply 7906/24/2020

Pre-Covid, I used to go to Equinox 5 or 6 times a week. You couldn’t pay me to go back right now.

by Anonymousreply 8006/24/2020

NYSC deserves to go out of business. What a dump!

by Anonymousreply 8106/24/2020

My condo complex does have its own little excuse for a small gym area--but, alas, it's also been closed still due to the pandemic.

by Anonymousreply 8206/24/2020

Same as R80 here. In fact, I canceled my membership 2 months ago, I figured it would reopen - and restart the monthly membership charges - before I am ready to return. I definitely don't trust the hordes of soccer moms and YouTube "influencers" to wear masks, clean, etc.

by Anonymousreply 8306/24/2020

Lean, ‘70s style bodies will be all the rage again. Not of this gross steroid body shit.

by Anonymousreply 8406/24/2020

R84 has never set foot in a gym, ever.

And he’s at least 70 years old.

And pear shaped and judgemental.

by Anonymousreply 8506/24/2020

Can Gym Jordan go bankrupt, too? Please?

by Anonymousreply 8606/24/2020

Equinox is a lifestyle and you pay for the entire luxury gym experience. I can grab a bite, work out, take a long steam/sauna/possible hookup, have as many towels as I like, and use all the nice products. You can spend a whole afternoon there and feel amazing afterwards. Right now with all the restrictions it is not worth the money and it does feel risky. Numbers are spiking where i am. Ultimately, Equinox is a terrible, soulless company that produces a product that is hard to surpass for now (assuming things open up eventually). Next level up would be clubs the require nominations or proposers.

by Anonymousreply 8706/24/2020

[quote] and it does feel risky

It *IS* risky.

by Anonymousreply 8806/25/2020

Will this be the end of the pumped up bod aesthetic?

by Anonymousreply 8906/25/2020

Fat out of shape nerds will survive this.

by Anonymousreply 9006/25/2020

You can change your body but you can’t change your penis, that’s what I say.

by Anonymousreply 9106/25/2020

Silly R68. No sole proprietorship opens with 6 months of operating capital. No mom and pop restaurant opens with six months of operating capital. What a tool.

Malls are already on the brink. One announced its total closure in my city this week. There aren't that many left open. Some shops are playing hardball with the rent, and the landlords are playing hardball back, locking up stores and restaurants that were still open. It's going to be a mess for years.

by Anonymousreply 9206/26/2020

I probably won't return to my gym and HIIT boutique until 2021.

They are still closed here in SF, but I will freeze until they let me, and then resume my monthly memberships (I've been a member for 10+ years at the gym and a founding member for studio so I pay lower monthly dues for both and don't want to lose that). Still I won't go until we've seen what reopening really looks like down the road.

Those things were petri dishes before filled with nothing but the grossest displays of human filth and selfishness. Ain't got 2 weeks or more to get the 'rona from there.

by Anonymousreply 9306/26/2020

[quote]Revenues of $427 million last year, and it has only $12 million in reserves? Maybe it should close down due to poor fiscal management.

Wrong. Revenues, profits and reserves are three completely different things. Revenues don't include any expenses. And many companies who aren't generating any revenue because of the virus will have dwindling cash reserves. That's exactly what's happening at my company. I work on Broadway and we've been paying bills with NO revenues via cash reserves.

R82 - Same with me. Building gym is closed & they put paper around the windows.

by Anonymousreply 9406/26/2020

Gyms along with malls in NYS are now toast. Per announcement yesterday by governor they will not be allowed to reopen as part of phase IV due to worries about spikes in covid-19 cases elsewhere.

Cuomo is going to drag this thing out until 2021 or beyond at this rate.

Unless or until some firm guidance about reopening comes soon, expect to see scores of small or even chain gyms/fitness places wind up. People can't continue paying rent on spaces without income, and not knowing when they will be allowed to restart.

This comes after many gyms, fitness and other such places already spent money on redesigning their spaces to suit post covid-19 world.

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by Anonymousreply 9506/26/2020

No large or publicly traded company has large reserves of cash sitting around; it makes them a tempting target for the Carl Icahn's of the world.

by Anonymousreply 9606/26/2020

R91 - You actually can change your penis. The fat in your lower gut can effect the size of your dick, especially if you are very overweight. Guys who lose weight are surprised that their dicks are bigger than they thought.

"For every 30-50lbs, you lose an inch of visible penis".

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by Anonymousreply 9706/26/2020

Just got off a Reddit discussion on gyms opening up.

Yuck city. Lots of people in TX regret their decision to jump on the reopening bandwagon.

Gyms say they will do X, Y, Z but really only care about getting you a$$ back.

by Anonymousreply 9806/26/2020

R97, you gain an inch, right?

I learned that from Debbie on QAF.

by Anonymousreply 9906/26/2020

The virus is merely a tool of the New World Order.

by Anonymousreply 10006/26/2020

Mark Wahlberg seems to believe gyms will not only bounce back, but have a rock solid future.

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by Anonymousreply 10106/27/2020

On MSNBC, they reported that some gym just infected 200 plus members from one guy.

by Anonymousreply 10206/30/2020

My gym is closing the two locations in my area. I guess I'm not renewing my membership I've had since 1993.

by Anonymousreply 10306/30/2020

We lost all the 24 Hr Fitnesses in my state.

There is a huge hole in the downtown area now for full-size gyms.

by Anonymousreply 10406/30/2020

Now those roided-out gym queens can just get bloated, gag and die. hahahahahaha

by Anonymousreply 10506/30/2020

Nooooo! Now I'll have to limit my cruising to the bathhouses

by Anonymousreply 10606/30/2020

Gyms should have made better choices! Should not have made babies if they couldn’t support them!

by Anonymousreply 10706/30/2020

Even without COVID, many gyms have always teetered on the brink because their revenues are based on memberships. And many gyms never generate enough memberships to cover costs.

by Anonymousreply 10806/30/2020

New York gym owners aren't going down without a fight; they are getting lawyered up and telling Cuomo "see you in court".

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by Anonymousreply 10906/30/2020

Can't these gym owners just sell their PED's and roids on the street, like any other respectable drug dealer?

by Anonymousreply 11006/30/2020

Yup. Cancelled Equinox on reopening day in LA.

by Anonymousreply 11106/30/2020

Gays and their Gyms have the same relationship Black Women have with their churches: Yes, they could "worship" at home, but then they could not show off their "new hats".

by Anonymousreply 11206/30/2020

First case at Equinox Bev Hills - the person who tested positive took a group fitness class and used the stretching mat on the lower floor. Equinox opened about 10 days ago in LA w/ very strict regulations. Bottom line is that unless you enforce masks during heavy exertion (this the time equinox allows you to take off your mask), the money spent on all the bells and whistles to appear overly compliant mean little.

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by Anonymousreply 11306/30/2020

I overheard the front desk guy at my LA Fitness tell someone on the phone that he spends his entire day cancelling memberships and giving refunds since the gym reopened.

by Anonymousreply 11406/30/2020

A great time to score bargains on gently used gym equipment

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by Anonymousreply 11507/01/2020
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