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Post by firecrackergirl on Jun 2, 2017 18:25:56 GMT
I have the worst draft since the first months of opening 5.5 yrs ago... Getting nervous doesn't begin to describe it. Its not enough to pay my rent let alone snap fees. Every month I have almost $2000 in declined.
Just here to vent really... It sucks.
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Post by snaplongtimer on Jun 3, 2017 15:32:38 GMT
I swear just when you clear most of the accounts and delete the ones that are left at the end of the month, a whole new batch shows up for us to chase down. This is ridiculous. A constant battle.
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Post by supercool on Jun 4, 2017 15:29:10 GMT
I have the worst draft since the first months of opening 5.5 yrs ago... Getting nervous doesn't begin to describe it. Its not enough to pay my rent let alone snap fees. Every month I have almost $2000 in declined. Just here to vent really... It sucks. This is the biggest issue with the Snap model. The revenue is just not there to sustain a profitable business for most of us in 2017. I feel it's also the issue Snap loves to ignore the most, because they don't have any answer for it. You talk to your BPS, and they will suggest cleaning out a couple dead accounts that might save you $20/mo or something. Also little ideas like selling bottled water or tshirts. Unfortunately that kind of rinky-dink stuff doesn't come close to covering our overhead these days.
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Post by snaplongtimer on Jun 4, 2017 16:32:14 GMT
The one thing they suggest to you is, "Have you ever had your club audited?" I think they analyze it for waste etc. Has anyone had this done to their club? I basically do my own audit. I hate terminating an account, but if it's not producing you have no choice. Insurance accounts..if they haven't been in over the last 1.5 months they're gone. They are actually catching on when I tell them use it or lose it.
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Post by firecrackergirl on Jun 4, 2017 18:20:41 GMT
Hahah oh yes I have audited. They did clean up a few issues but overall told me "Well youre doing good, just keep going, looks like you're ok". I force my sneakers to come in 1x a week. Any less and they are out the door.
The fact of the matter is, Every month if I sign up 30 people , 30 go delinquent. I just can't get on top of that. We spoke with a financial advisor who told us to CALL EVERY active member and request bank draft. Give them an incentive like no annual fee or guest pass for a friend or reduced rate (We are going to raise our rates from $29 back to $35...we had an incentive when Anytime came in and went lower for 1 yr) So i might say if youre on the bank draft we will keep the rate at 29. I have no idea, how do I approach this??? But he said bank only no CC...
Also, my rent goes up $100 per year. By the time I am out of here I will be paying $6000 per 2900 Sq Ft + Utilities. Keeping in mind i have CORNFIELDS ON THREE SIDES.
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Post by firecrackergirl on Jun 4, 2017 18:22:06 GMT
Supercool-rinkydink is exactly what is is. We put water bottles in the toilet tanks, shut off TVs at night etc. Trying to save dimes. Taking the trash home so we dont have a dumpster etc. Getting a bit goofy here.
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Post by davesnap on Jun 5, 2017 18:28:44 GMT
I live in an unusual location. It's a rural tourist area, like almost everyone else, late fall into winter are good months but summers are what saves my year with a lot of drop-in's and short, seasonal members. My club is one of the smaller ones less than 2,800 SF and things are a little cramped. Even with all this I just barely make out. The Corp. audits don't reveal much that I didn't already know. My lease is only $1,700 + per month and the building owner wants me to stay where I am so he keeps it low - One Big Blessing! My advertising budget is next to nothing even with the coop. Like I said before with all this I still just barely make it. I do wonder if Corporate really understand this business any more. It's quite clear they don't. THIS ONE THING THEY NEED TO UNDERSTAND, IF THE FRANCHISE OWNERS DON'T MAKE MONEY THEN EVENTUALLY CORPORATE WILL NOT EITHER. ONE WAY TO HELP THE OWNERS IS TO STOP RAISING FRANCHISE PRICING AND ADDING NEW FEES. I know they may read this but I'm saying anyway. The more clubs close the less money they make.
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Post by Dale on Jun 7, 2017 12:43:07 GMT
Boy the Credit Card Auto Updater sure would come in handy....wonder if it will ever happen
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Post by Sad on Jun 8, 2017 14:06:44 GMT
I live in an unusual location. It's a rural tourist area, like almost everyone else, late fall into winter are good months but summers are what saves my year with a lot of drop-in's and short, seasonal members. My club is one of the smaller ones less than 2,800 SF and things are a little cramped. Even with all this I just barely make out. The Corp. audits don't reveal much that I didn't already know. My lease is only $1,700 + per month and the building owner wants me to stay where I am so he keeps it low - One Big Blessing! My advertising budget is next to nothing even with the coop. Like I said before with all this I still just barely make it. I do wonder if Corporate really understand this business any more. It's quite clear they don't. THIS ONE THING THEY NEED TO UNDERSTAND, IF THE FRANCHISE OWNERS DON'T MAKE MONEY THEN EVENTUALLY CORPORATE WILL NOT EITHER. ONE WAY TO HELP THE OWNERS IS TO STOP RAISING FRANCHISE PRICING AND ADDING NEW FEES. I know they may read this but I'm saying anyway. The more clubs close the less money they make. I think they understand the fitness business from a large town perspective, but it is rather obvious that they do not get small town America, nor do they wish to understand small town America. What works in Minneapolis does not work out in communities of 5000, 10,000 and such. And you are 100% correct -- they can bully us till we all decide to toss in the towel, but that will eventually result in their demise. Perhaps they have made enough that they just do not care. That's a sad state to be in, but it is certainly a possibility. My gut tells me they are trying to grab as many dollars as possible so someone comes in and buys them out and they have to ensure their books look attractive enough for that to occur. Capitalism is good. Stepping on and grinding into the ground those that brought your wealth via capitalism is despicable. They used to love to tout Snap being a "Christian organization". I suspect God will teach them a thing about Christian organizations and how their people are supposed to act at some point in their future.
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Post by snaplongtimer on Jun 9, 2017 15:48:38 GMT
They used to love to tout Snap being a "Christian organization". That's because material wealth took over spiritual wealth..
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