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Post by greenergrass on Apr 26, 2017 17:42:32 GMT
Can't wait until they are told to modernize and then I would guess we will see a lot of them close. I'm quite sure I won't be able to wait that long if they have to modernize 10 years after opening. We have a franchise (food) that will close because of a modernizing requirement. My guess is with all the restaurants and gyms, we will see a lot of closures. It's really not so great being part of a franchise.
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Post by snaplongtimer on Apr 26, 2017 21:52:56 GMT
PF has some significant short term and long term debt. In the $$ millions $$. I believe they are considered a high risk investment at the moment. They'll probably fold when I'm too blind to read about it. By then I'll be broke and saving up to supercharge my wheelchair and wondering when's the next senior dance.
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Post by determined1 on Sept 22, 2018 17:44:13 GMT
So here's what I'm thinking...
If you have a your club divided basically in thirds between selectorized, free weights and cardio then you really don't have to incur much cost once your equipment is paid off. There's maintenance to ensure everything is in good working order, but that's about it. Most of the snap clubs are now in that phase. The problem for snap is they make money anytime a club buys equipment from one of their "preferred" vendors. However, if clubs are established snap's revenue numbers drop. Somehow they have to FORCE clubs to buy new equipment. The quandary is how do you do that if they have everything they need?
Here's what snap has come up with:
Generate a report that functional training is what you need for your club to become relevant. This requires all sorts of new equipment because your current equipment doesn't provide this. Then throw in ripping out your perfectly good flooring and other items which they deem are in need of "refreshing". Back to the equipment. You can't take out your cardio or free weights, so all that's left is your strength training (selectorized) equipment. Of course we all know that this equipment is used just as much as the other equipment in the club. For most members over 40 this is their primary strength training and have circuits set up with it. However, snap will refer to their recent "report" which shows the primary demographic is under 30, they spend more and this is what they're looking for. A webcast I listened to this morning made the point "A report can show whatever you want it to show as long as those analyzing the report have an agenda". snap obviously has an agenda and that is to FORCE you to remove good, utilized selectorized equipment based on their "report".
So now what happens if your members start leaving in droves, or even if your numbers don't increase in order to justify your ROI? Well, you're left holding the bag and having to reorganize things to bring back those paying members. Meanwhile snap just says "oops, our bad". They love spending your money because they get a portion of it and if their latest scheme fails they've made their money on your spend and lost nothing because they don't have any skin in the game. I guarantee you that at [the] convention they'll pull out all sorts of reports to meet their agenda.
Anyone have experience with surveymonkey? We should create our own surveymonkey poll and provide a link to members. The data from that link could be presented to snap to counter their claims. Also, anyone know how to generate numbers which show how many members are 12-20, 20-30, 30-40, over 40? I would bet that more than 50% of my members are over 40.
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