AnotherHostForTheCorpParasite
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Post by AnotherHostForTheCorpParasite on May 22, 2017 19:33:53 GMT
I just realized it's been a LONG time since I've seen someone post something via email to all other Snaps about selling their equipment due to their closing. You used to be able to get some deals this way on equipment while helping out the club that was closing. Has corporate shut down the ability to mass-email all other Snaps so you could not buy equipment that Corp doesn't get a cut on?
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Post by Broken on May 22, 2017 23:23:26 GMT
You give Peter and his crew WAY too much credit....they are so inept there is no way they are on top of this.
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Post by greenergrass on May 22, 2017 23:40:49 GMT
I think some owners are just finding third party buyers. I can't imagine corporate will want to take on equipment from all the clubs that are closing...more to come. But hey - the franchise is growing, isn't it?
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Post by supercool on May 25, 2017 16:51:17 GMT
Most don't bother contacting other owners, because no existing franchisees want to open any more Snaps. Better off finding a third party reseller who will buy your equipment and haul it away.
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Post by snaplongtimer on May 25, 2017 19:50:29 GMT
Corp cut that mass email equipment sell-a-thon out most likely because it does nothing for their brand to help people trying to recoup their money and get out of the franchise. Trying to sell the club as a franchise is essentially a worthless effort. The license $30k and modernization kill any profit unless you're extremely successful.
I know I spoke of a snap club before that was advertised for sale for $800k+ once now is for $200k and having difficulty selling. Tough sell when a buyer has to pay another $30k plus any upgrade necessary on top of that.
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Post by firecrackergirl on May 30, 2017 15:58:44 GMT
Exactly. I know of a club that was purchased for $5000. But then the owner paid a$25,000 franchise fee and then modernization costs. So now hes in over 50k, the club has like 150 billed members and is...well...lets just say you go in and nothing about it makes you want to sign up.
I worked there briefly and I can only hope the new owner is able to turn it around.
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Post by greenergrass on Jun 15, 2017 15:54:40 GMT
If corporate would decide to buy a closing clubs equipment, do they have to match any offer from a letter of intent to purchase by another party? With all the clubs closing, would they even want to make these equipment purchases? If they don't have a buyer, they have to pay storage.
I have had some incentive to completely divest from Snap Fitness and I'm feeling much more committed to other more positive experiences in my life. Seriously - Snap Fitness has gone from a positive to an extreme negative experience for me not just due to competition but mostly the attitude of corporate. No value on people and their efforts and situations. Horrible customer service, marketing, and especially operations support.
Have you heard the phrase "fish or cut bait". I am working on the "cut bait". My landlords are looking for replacement tenants. Yes, Snap Fitness corporate has a right to take over my leased space(s) but if/when those leases expire, or even before, the landlord really has the final decision, right? If they don't want to ever rent to another Snap Fitness, it's their choice. And I would advise them to not rent to another fitness business.
Hope you all find some "greener grass". You just have to look for it. It's out there.
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Post by snaplongtimer on Jun 15, 2017 16:25:27 GMT
I doubt they would ever be interested in buying used equipment. The resale is horrible as most of us know. They would have to create a whole new division on managing used equipment that needs to be appraised and auctioned and oh by the way, paying rent to a landlord while it sits there or paying the moving fees to a storage facility and then paying storage costs. Very unattractive business in my opinion. Liftbrand's Junkyard Division.
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Post by Sad I am here on Jun 16, 2017 20:39:03 GMT
Unfortunately, no, they do not have to match any offer should they decide to buy your equipment. Per their contract, they only have to pay "market price" which means very little.
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