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Post by snaplongtimer on Nov 29, 2017 14:55:52 GMT
Another club will be closing end of month. Unable to sell it. When you can't pay the bills or not making money what's the point. Kind of sad for I seen myself in that position a year ago.
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Post by fishstyxx on Dec 2, 2017 19:13:37 GMT
An auction notice came across my desk for a Snap which closed in Jersey. Almost no bids on anything. Arc Trainers at $500 were no sales as well as a bunch of other equipment. I picked up a couple items. What's scary though is that in that same shopping center was a new fitness center, which was probably about 30,000sf. Offering all sorts of classes, nutrition consulting, selectorized, etc all for $19/month. I don't think they'd get warehouse pricing, so how do they pull it off? Do people never cancel because the monthly is so low? The classrooms have to be huge as well in order to have enough people in a class to pay instructors. You figure instructors are going to run about $3K/month alone. Also, vinyl laminate flooring and impressive wall graphics. Gave me a bunch of good ideas, but I don't have the space to do what they're doing. These new clubs seem to be observing what boutique clubs are doing and then offering that same experience in a larger setting, which helps to reduce the costs. It really gave me a sick feeling in my gut. Adapt or die.
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Post by cheryl on Dec 10, 2017 21:22:00 GMT
Two weeks and 5 more clubs gone, now 944 Australia is up to 201. Wonder how many they need before they start forcing shitpass on them?
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Post by greenergrass on Jan 5, 2018 14:38:24 GMT
Of all the times of the year one might expect an increase in the number of clubs, this would be it. However, we are now down to 939. I can't tell if this was just a loss of five more clubs or if we lost more but added some.
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Post by neglected on Jan 5, 2018 21:49:33 GMT
Lost more. 5 were just add this month.
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Post by snaplongtimer on Jan 8, 2018 14:59:00 GMT
The good news is the decreasing number of open clubs just means there will be more hotel rooms available come October.
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Post by determined1 on Jan 27, 2018 0:38:48 GMT
Wow, 20 days and no clubs gone. Still 939.
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Post by greenergrass on Jan 27, 2018 15:09:34 GMT
Also none added. In January. Prime time to open a new gym I would think.
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Post by snaplongtimer on Jan 30, 2018 22:24:23 GMT
In Entrepreneur.com we are no longer at 125. Anytime Fitness is at 17 and we are now ranked 348 in the 2018 top franchise 500. Should have opened a Cinnabon.
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Post by determined1 on Jan 31, 2018 2:12:47 GMT
Are there only 348 franchises left in the country?
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Post by greenergrass on Jan 31, 2018 18:24:30 GMT
348 is the ranking in Entrepreneur according to the post by snaplongtimer.
There are now 940 locations in the US. On January 26, the number was 939. In a few days we will see how many closed at the end of February. But I don't think we will see clubs close as much during the first quarter of the year unless they are doing very bad.
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Post by snaplongtimer on Jan 31, 2018 20:24:30 GMT
I think Determined was joking like we are the last ranking of all of franchises left in the country. Actually, I am surprised we dropped so far in the ranking. Maybe not. The ranking is based upon multiple factors including growth, closures and years in business.
Anytime holds strong at 17 followed by Planet. I'm jealous.
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Post by greenergrass on Feb 2, 2018 21:28:28 GMT
We are down to 938 in the US.
Not that I care about the other countries (I don't have anyone traveling abroad or even north) to use Snap Fitness. But Canada is down to 75 (from 77) and India is down to 34 (from 41).
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Post by snaplongtimer on Feb 3, 2018 14:27:49 GMT
I wonder how the sales pitch goes at the front table for those countries with 1 club. "Yeah, when you're a member at Snap, you also have access to the other clubs around town..oops, I mean the globe."
It's probably the only situation where you may never have to bring up the topic of reciprocity.
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Post by determined1 on Feb 4, 2018 20:49:52 GMT
Yes, my comment about there only being 348 franchises was sarcasm, basically pointing out that I think the snap franchise is the worst.What other franchisor gives away their franchisees' product away for free and charges a fee. Imagine if you buy a taste test sub from subway for $1 with Subway corporate collecting the dollar and the franchisee having to give the sub away for free. Somehow snap corporate views this type of thievery as okay.
When was the last time corporate gave away anything for free to members? They constantly tout giving stuff away for free (which you have to buy from corporate), but don't give anything away for free. Hell, they treat everything as a profit center. You can't even buy a T-shirt from them at cost in order to give them away to members. Every other club out there makes shirts available to franchisees for about $1. We can't even download things like the workout cards for free. You have to buy them and then pay a ridiculous shipping cost. Again, they look to make money of the shipping as well. I've taken boxes we receive from snap over to the UPS store to get the shipping cost to ship it to MN. The cost? About half of what snap charges. They may have to pack up the box, but it's not that expensive. If your costs are that high then you need to outsource it to someone who can do it at a reasonable cost. The problem there is that then the relatives aren't making money on the franchisees. Can't have that.
Basically snap sees the franchisee as someone to make money on at every turn and on every interaction. Maybe "franchisees first" is their answer to the question, "Who should we overcharge?".
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