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Post by yankedchain on Sept 8, 2017 14:11:19 GMT
The anomaly for April was the club enhancement fee.
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Post by cheryl on Sept 15, 2017 13:14:43 GMT
Now 956. Going the way of Curves. Funny, Gary Findley decimated Curves by soaking franchisees with ridiculous fees and then he moved on to snap. Who's the genius that looked at his track record at Curves and said, "Yeah, there's the end result I want for my franchise"? If snap ran a restaurant franchise they'd hire Jeffrey Dahmer to put together the menu.
The April anomaly - Good catch. I completely missed that.
CAD - I could see if you're putting together a 15K to 30K sq club with multiple studios, a smoothie bar, consultation room, etc. However considering 5K sq is a large snap then this seems unnecessary and a waste of the franchisees money.
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Post by Dale on Sept 15, 2017 17:30:39 GMT
The CAD fee is a wast of franchisees $. Pure greed by Peter. I could have designed it with pencil and paper. Seriously look at the design. Duhhhh where do I put the desk...duhhhh where do the cubbies go...duhhhh WTF?
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Post by firecrackergirl on Oct 3, 2017 21:37:04 GMT
953
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Post by Amy on Oct 4, 2017 15:02:21 GMT
From snap scorecard on the portal:
2016 Sept. Avg. Memberships Billed = 274 2017 Sept. Avg. Memberships Billed = 266
2016 Sept. Avg. Total Revenue Collected = $15,178 2017 Sept. Avg. Total Revenue Collected = $14,396
Thoughts?
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Post by determined1 on Oct 4, 2017 17:15:24 GMT
You'd need more data points to draw a definitive conclusion.
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Post by Amy on Oct 4, 2017 17:54:00 GMT
I will be keeping track as the months painfully pass by. Just thought it was interesting that JV said they are replacing lots of "bad" owners and that the new owners are seeing dramatic increases in #'s. That is not the case for September 2017!
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Post by determined1 on Oct 4, 2017 19:37:36 GMT
Here are data points for a year
10/15 - 15,363 10/16 - 15,020
11/15 - 15,169 11/16 - 15,259
12/15 - 15,542 12/16 - 15,332
1/16 - 16,400 1/17 - 16,684
2/16 - 16,310 2/17 - 16,036
3/16 - 16,545 3/17 - 16,537
4/16 - 16,066 4/17 - 18,373
5/16 - 15,831 5/17 - 16,045
6/16 - 15,624 6/17 - 15,484
7/16 - 14,706 7/17 - 14,771
8/16 - 14,851 8/17 - 14,836
9/16 - 14,625 9/17 - 14,396
Up a few here, down a few there. Definitely, not an uptrend though. If anything flat. If the bad are leaving and being replaced with good the numbers should be showing an uptrend.
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Post by greenergrass on Oct 5, 2017 1:12:37 GMT
From one of the first posts on this topic: 4/27/17 It's 985 US Clubs Down to 953 as of yesterday
We are down 32 clubs since 4/27, yet the average revenue is about the same as last year.
April 2017 revenue average needs to be omitted since it includes the fee.
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Post by iwishicoulddoitover on Oct 22, 2017 1:01:23 GMT
Wonders never cease! We gained a club: 954
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Post by greenergrass on Oct 22, 2017 18:44:22 GMT
Wait until early November to see how many clubs close at the end of October. A club can open during the month, but the closings would typically be the last day of the month. It's not a gain of one unless zero close 10/31.
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Post by greenergrass on Nov 2, 2017 15:17:26 GMT
Status: 950 US locations as of today. Late April tally: 985 Loss of (net) 35 since late April.
Wisconsin lost two since October.
Two clubs were added (AZ; OH). Six clubs were closed.
Canada was at 80 clubs. They are now at 77.
Internationally, one club was added in Australia (explosive growth, right?)
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Post by firecrackergirl on Nov 5, 2017 19:20:56 GMT
We lost Huntley, IL as well. I looked at purchasing it way back and/or consulting but owners were resistant to change. Nice area, ok club just needed updating and advertising. I really thought we could make that club OK. shame
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Post by cheryl on Nov 23, 2017 17:18:05 GMT
Down to 949
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Post by escapeclause on Nov 24, 2017 21:53:43 GMT
Not sure about them buying the successful clubs. Why would you sell if you were successful? Maybe because you actually want control over your own business! Prime candidates are those who are unprofitable because a big box gym opened nearby. I wouldn't really say corporate has had much of a response to this particular virus that's killing Franchises besides, "try to survive," AKA: "Don't close or we'll sue you for breach of contract. Let us sell your club, and by the way, your contract let's us buy all of what used to be your personal property for the free cash it has thrown off in the last year." Sadly that's almost nothing because <<insert big box club>> bought your members with their first year loss leader campaign.
I'm not a conspiracy theorist, but that ruthless contract forces the numbers to work out for corporate in every situation at the expense of the Franchisee. I'm not sure why I expected any different. It's my stupidity - I'm the one who signed the damn contract so I can't blame anyone but myself. It's like a long play financial scam. "Use your assets and hard work to make us a tidy profit and we'll all be happy or don't and we'll make a nice profit on you losing your ass."
My ex did extremely well with a similar scam. Thankfully I put some money in the stock market!
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