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Post by determined1 on Nov 11, 2017 21:03:44 GMT
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Post by snaplongtimer on Nov 13, 2017 19:33:58 GMT
Wow, the tv wood paneling pic. Good grief man. Who hung the tvs? Is it the angle of the pic that makes it look so bad? No stripes, bare walls. Yuk. I never liked that mirror dimension look so from the very beginning I extended the width of my mirrors another foot. Guess I was used to old school gyms.
New owners. Plenty of cash to spend. Original owners probably took a loss.
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Post by greenergrass on Nov 14, 2017 0:24:28 GMT
"New owners. Plenty of cash to spend. Original owners probably took a loss." - This is the game that corporate is playing. They suck in new people with new money. But hey. It's a 10 year agreement so plenty of time for the new owners to lose a lot of money. LOL.
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Post by swtexan on Nov 14, 2017 22:33:44 GMT
Not exactly sure how that club got away with having Gold's Gym plates in their Snap location.
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Post by determined1 on Nov 15, 2017 4:12:27 GMT
petie probably had them left over in his garage and sold them to the new owners at a premium.
New $50 Used out of petie's garage $150
Kinda like having to buy their piece of crap camera system for $4500 when you can get a far better one for $1000 Or a $2500 computer which you can pick up anywhere for $500 Or... (the list goes on and on, but changes from year to year)
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Post by snaplongtimer on Nov 15, 2017 23:12:44 GMT
I believe that Snap gym is 16,000 sqft..omg. Maybe one of the ones JV was talking about...leaving us in the dust. The utility bills would break me. Map it and see. I believe if you run around the building it may be a half mile..lol
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Post by escapeclause on Nov 18, 2017 2:35:23 GMT
I've had 5 potential buyers for my club and ALL of them said no way when they found out about the required "modernization" upgrades and $20K transfer fee. That's a great strategy - make it impossible to sell so you have to give it back to Peter!
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Post by snaplongtimer on Nov 18, 2017 15:34:51 GMT
Pete doesn't want our beat up club. They won't even take on a struggling club and turn it around as an example for everyone to see. They are interested in money makers.
I have spoken to a potential buyer as well and that was their sticking point. Not the rent or price I was asking...the license fee and upgrades kill the deal.
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Post by determined1 on Nov 18, 2017 20:26:25 GMT
The easiest way around it is to look for buyers about a year before the end of your contract. That'll let the new owner do whatever they want. If they want to be private then they can go that route. The secret is that you need to have all of your member data in a separate database. This includes their billing information. If you sell a club with no member data you'll have difficulty selling it. Also, when members sign up have them sign an addendum agreeing - "In the event of a sale of this club I agree to have my billing information transfer to the acquiring company at my current monthly dues".
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Post by fishstyxx on Dec 2, 2017 19:53:19 GMT
If you want to survive I think you need to change before someone forces your hand to either change massively or close. You have to do it while things are going well. Think about it. If you're coming into an area with one of these new clubs offering classes, top of the line equipment and such in a massive space at a low cost how would you start? You survey the area first. If there's a Snap you offer everything they do in a space 10x the size. You charge about half of what they do. So if one of these hasn't opened in your area you better be looking to open it first. IMHO doing the modernization talked about doesn't get to the primary difficulty. It's putting a band-aid on a bullet wound. If you don't have the capital to go bigger then you better keep your eye on the horizon and be ready to close up shop once one enters your area. Additionally, I'm not talking about Planet Fitness. I consider that to be a much different demographic. There may be a bit of overlap, but these new massive clubs with extensive amenities at low $ are much more of a threat. Get there first!!
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Post by cheryl on Dec 10, 2017 21:59:41 GMT
One of my fears is that they want to go with a trend in retail. You see the vinyl laminate floors at Domino's, McDonalds, Chipotle, Walmart and everywhere else. If it were the 70s they'd have us painting the equipment avocado green. Lipstick on a pig?
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Post by snaplongtimer on Jan 31, 2018 21:04:13 GMT
Anyone else receiving a modernization compliance email? Your franchise rights are at risk if you are overdue and haven't updated yet.
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Post by davesnap on Feb 1, 2018 20:51:47 GMT
I haven't received one yet. Do it! Revoke my franchise please!!
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Post by Is This Heaven on Feb 1, 2018 20:56:02 GMT
I haven't received one yet. Do it! Revoke my franchise please!! LOL!
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Post by snaplongtimer on Feb 1, 2018 22:39:29 GMT
You will need to submit a request for extension stating why you are late and wait for Peter to sign it I believe. I have to plan for it since it is a huge expense. How can you immediately book something that is going to cost your club $20-$25k? Answer...Snappy financing.
My members roll there eyes when I tell them I am being forced to rip out the carpet and install new stuff at a cost of $23k. 100% of them reply, "Why?...it looks great the way it is."
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