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That's probably how they made it through the pandemic. Piles of cash from yearly subscriptions and no labour costs since nearly all the gym workers were laid of
by dghughes 5y ago
That's probably how they made it through the pandemic. Piles of cash from yearly subscriptions and no labour costs since nearly all the gym workers were laid off.
- mgkimsal 5y agoMy gym is a bit ... different - part of a larger hospital chain/brand. Pandemic hit them hard, and I (along with many others) 'froze' our accounts. Still a member, just non-paying for X months. I froze for months during lockdown because the requirements were too onerous - must wear a mask while on treadmill, for example. Needed to schedule a swimming lane days in advance. It was too cumbersome, so I froze. Unfroze last month and am going a bit more regularly now, as they've relaxed some of the restrictions. BUT... when I came back, I noticed a new wall in the hallway. They'd blocked off a hallway, and essentially sold (probably just long term leased?) about 20% of the building to a different entity (health related). They just had too much open space and no use for it. Was a bit of a shame, but it helped them keep their books afloat. FWIW, I've always heard horror stories of gyms locking people in to unending payments. This place, while an extra few $ compared to some others in the area, is always month to month, and I've cancelled in the past, then came back. Never had an issue with billing/overbilling/etc, which seems... both trivial (of course that's how it should work) and impressive (seems to be in a minority of gyms) at the same time.