is anytime fitness going out of business

Anytime Fitness LLC is a franchise chain based in Woodbury

, Minnesota. The Rocklin gym has permanently closed, according to a phone message at the business. "Covid did a number on us and financially we just cannot keep the doors open," it says. The bankruptcy filing from Franz also cites the financial impact of Covid-19.

Full Answer

Can I cancel my Anytime Fitness membership?

If you don’t, note that canceling Anytime Fitness is a tricky business. You could probably get a six-pack faster than cancel your membership before your next charge. In order to cancel your membership, you’ll have to: As you might have noticed, canceling Anytime Fitness on your own is everything but a simple process.

Is Anytime Fitness for You?

Anytime Fitness is a chain of health and fitness clubs that has over 4,000 locations all across the U.S. The interesting part about Anytime Fitness is that they’re open 24 hours a day, throughout the whole year. Even with this cool convenience, you might have decided that Anytime Fitness isn’t for you.

How many Anytime Fitness franchises are there?

There are 2,650 independent, small business Anytime Fitness franchises in the United States and Canada, each employing approximately 4 people. As such, we play a vital role in shaping our local communities. In many situations, we represent the only option that many people have to maintain and improve their physical health.

What is Anytime Fitness’ cooling-off period for memberships?

Anytime Fitness allows for a seven-day cooling-off period. Within those seven days, you get a chance to change your mind. If you don’t, note that canceling Anytime Fitness is a tricky business. You could probably get a six-pack faster than cancel your membership before your next charge.

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How many fitness companies filed for bankruptcy in 2020?

These are the seven fitness and sporting goods companies that have filed for bankruptcy so far in 2020. Visit Business Insider Premium for more stories about the changing face of fitness. The coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry — including fitness and sporting goods.

Why did Town Sports file bankruptcy?

Town Sports International — the parent company of New York Sports Clubs and Boston Sports Clubs, among a number of other fitness chains — filed for Chapter 11 bankruptcy on September 14, citing pandemic-related difficulties. The company said in a statement that it aims to use financial restructuring to "properly ...

Is Gold's Gym going bankrupt?

A Gold's Gym location during the pandemic. A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. Brands listed failed to recover from temporary government-mandated closures to gyms and indoor fitness facilities earlier this year.

Is Cyc Fitness in bankruptcy?

Delaware-based Cyc Holdings, the owner of the indoor cycling chain Cyc Fitness, filed for Chapter 11 bankruptcy protection on October 14. Like several other fitness companies, Cyc Fitness took a hit from closing its studios to prevent the spread of the coronavirus.

Is YogaWorks going bankrupt?

YogaWorks. After first announcing plans to close all of its New York City studios in April, YogaWorks filed for Chapter 11 bankruptcy protection on October 14. As part of the filing, the California-based company will permanently shutter all 55 of its locations nationwide.

Is there a bankruptcy for fitness companies?

A growing number of fitness companies have filed for Chapter 7 or Chapter 11 bankruptcy in recent months, after failing to recover from temporary government-mandated closures to gyms and indoor fitness facilities intended to prevent the spread of the disease . Each of these companies also join a rapidly expanding list of retail bankruptcies so far ...

Is Flywheel Sports going bankrupt?

Flywheel Sports filed for Chapter 7 bankruptcy on September 15 in an announcement that called for the permanent closure of all 42 of its spin studios around the country. The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus.

Is Anytime Fitness A Great Franchise Bet?

In 2011, CNN.com named Anytime Fitness one of its “10 Great Franchise Bets.”

Reports of Anytime Fitness Closings & Franchise Failures

Despite the CNN’s implication that only four Anytime Fitness franchises have failed, a quick Google search reveals a different story.

Anytime Fitness Franchise Complaints

All is not what it seems. A great concept except ATF wants all the control by making it mandatory to us ABC Financial. ATF owns ABC and this to me is a conflict of interest to the gym owner.

How long does it take to cool off from Anytime Fitness?

Anytime Fitness allows for a seven-day cooling-off period. Within those seven days, you get a chance to change your mind.

How long can you pause a prepaid membership?

If you have a prepaid membership, the minimum freeze period is two weeks.

How long does it take to cancel DoNotPay?

DoNotPay will cancel your membership within the following two days, and you will be notified via email as soon as the cancellation is over. You’ll spare yourself the trouble of going through their convoluted cancellation process.

Is Anytime Fitness open?

Even with this cool convenience, you might have decided that Anytime Fitness isn’ t for you. DoNotPay can help you terminate your membership.

Is There a Free Trial With Anytime Fitness?

Anytime Fitness offers its new members a free seven-day pass. To start your free trial, you have to:

How do I cancel my gym membership without paying a fee?

Request a formal letter of acknowledgement if they agree to let you out of your membership without charging you a fee. Consider canceling your credit card or simply deactivating your payment method if all of this appears to be too much effort for you at this time.

Can I cancel my gym membership online?

If you want to cancel your Planet Fitness membership, you must either visit your club in person or send a postal letter. Your subscription with Planet Fitness cannot be cancelled over the phone or through the company ’s website.

Does Anytime Fitness charge cancellation fee?

Is there a penalty if I choose to terminate my contract? The cancellation procedures for each site are detailed in the membership agreement for that particular location. The agreement outlines the cost of canceling, how to cancel, and extra information on any additional termination costs you may be charged in the event of a cancellation.

When is Anytime Fitness lease due?

Based on the filing, it appears the lease for the business was from June 2019 until June 2025. A representative of Anytime Fitness, which has several other locations in the Sacramento area, did not respond to an email seeking comment. Through his attorney, Franz declined to comment.

Is Rocklin Gym closed?

The Rocklin gym has permanently closed, according to a phone message at the business. "Covid did a number on us and financially we just cannot keep the doors open," it says. The bankruptcy filing from Franz also cites the financial impact of Covid-19.