My Gym Just Went Bankrupt! - GoFuckYourself.com

GTS Mark · 05-23-2006, 11:28 PM

I can't say I didn't know it was coming... The owner has owned the place for 15+ years and it's been a staple in our town for over 20 years. The owner decided a girlfriend would be a good idea but unfortunately his wife didn't think the same thing.

He had to sell his house, his family moved away and his business got ran into the ground.

I went tonite to work out and sure enough the doors were locked, the lights were out and there was an emotional sign up to explain the closure.

Guy is in his 50's and I feel quite bad for him.

DH

P.S. I guess I am going shopping for a new gym tomorrow!

Daruma · 05-23-2006, 11:30 PM

why not buy it

CaptainHowdy · 05-23-2006, 11:33 PM

Quote:

Originally Posted by Daruma

why not buy it

!!

wdsguy · 05-23-2006, 11:45 PM

if he only kept his pecker in his pants.

Antonio · 05-24-2006, 01:29 AM

my gym's owned by Mr Richard the big teeth, no way its going to bankrupt, the same guy that owns Virgin airlines

Bro Media - BANNED FOR LIFE · 05-24-2006, 02:28 AM

maybe if you guys goto an extreme dodge ball game get all emotional, quit the team, take a bribe, meet lance armstrong, then get the currage to bet all your bribe money on your own team, win by default, and get 3 million dollars you can buy it back!!!

ready lube · 05-24-2006, 02:29 AM

Sounds like oyu need to get yourself a bowflex now, they really do kick your ass.

Mr.Right - Banned For Life · 05-24-2006, 02:51 AM

that is sad to hear.

Sarah - GTS · 05-24-2006, 05:10 AM

Quote:

Originally Posted by Daruma

why not buy it

A step ahead of you

DutchTeenCash · 05-24-2006, 05:12 AM

damn that sucks

buy the place make it a nice gym, the way you like it, free porn or so

Screaming · 05-24-2006, 05:21 AM

buy it, redo it. lightspeed gym baby

crockett · 05-24-2006, 05:24 AM

Yea buy it and run a special giving all the old members a free first month.. If you could do it fast it would be a instant money maker being he already had the members. Assuming you could do it real fast. Hell I bet you could work out a deal with the guy if he hasn't skipped town.

David - PG · 05-24-2006, 05:25 AM

Gyms must be one of the most horrible businesses I can think of... next to non-fastfood restaurants.

Every time I walk into mine I wonder how the hell these guys are making any money. They probably aren't.

E$_manager · 05-24-2006, 09:10 AM

cheating is bad!

NemesiS876 · 05-24-2006, 09:11 AM

bump ...

tony286 · 05-24-2006, 09:12 AM

Quote:

Originally Posted by David - PG

Gyms must be one of the most horrible businesses I can think of... next to non-fastfood restaurants.

Every time I walk into mine I wonder how the hell these guys are making any money. They probably aren't.

Yep bad investment.

E$_manager · 05-24-2006, 09:14 AM

Quote:

Originally Posted by David - PG

Gyms must be one of the most horrible businesses I can think of... next to non-fastfood restaurants.

Every time I walk into mine I wonder how the hell these guys are making any money. They probably aren't.

Why? All you have to do - buy those machenes, and pay the rent. And an instructor.
Restaurants are much more difficult! i agree

BoyAlley · 05-24-2006, 09:15 AM

Quote:

Originally Posted by DrinkingHARDEST

The owner decided a girlfriend would be a good idea but unfortunately his wife didn't think the same thing.

madawgz · 05-24-2006, 09:22 AM

Quote:

Originally Posted by Screaming

buy it, redo it. lightspeed gym baby

good idea

E$_manager · 05-24-2006, 09:25 AM

she was right she took the money and left. In some countries it is not possible, because nobodu knows hoe much a person has. It is all a secret

E$_manager · 05-24-2006, 09:28 AM

Quote:

Originally Posted by ready lube

Sounds like oyu need to get yourself a bowflex now, they really do kick your ass.

HammerALL · 05-24-2006, 09:29 AM

Come train with me DH - we'll get our bodies in tip top physical conditions for the lovely ladies of the Valhalla

David - PG · 05-24-2006, 09:43 AM

http://www.businessnation.com/Busine...s.cgi?ID=10838

Golds Gym for Sale: Franchise Re-sale - East Lansing, MI
Very Simple Business To Run. In Business For 9 Years! Over 3000 Members.
Facilities: Totally remodeled in Dec. 05

Business Type:
Franchise

Business Started:
1997

# of Employees:
10

Gross:
$560,000

Net:
$100,000

Asking Price:
$600,000

I get a bit sceptical when somebody says it's "very simple to run". Sounds like a ton of headache for very low absolute return after all expenses (do not forget capital costs).

WarChild · 05-24-2006, 09:45 AM

Quote:

Originally Posted by Cristie

Why? All you have to do - buy those machenes, and pay the rent. And an instructor.
Restaurants are much more difficult! i agree

Did you know that each of those machines runs in the neighborhood of $8,000 - $30,000

adultchica · 05-24-2006, 09:48 AM

Gyms are risky. However, there has got to be at least some money in it for people that know how to run it and do it right. I have seen our local GOld's gym close a few years ago and reopen in a new location with a new owner.
There is actually a gym here that seems to be flourishing and with tons of members. It's not a large national chain, but it's got several locations in the surrounding 60-100 mi area. They seem to be doing very well.

Zarathustra · 05-24-2006, 09:57 AM

they had to enact laws for gyms where im from to prevent them from opening up and shutting down

Pornwolf · 05-24-2006, 10:08 AM

Look at a gym this way... 3000 members at between $30 and $50 a month that recurrs for at least a year.

Yeah, umm, sure... that's the definition of a terrible business.

shuki · 05-24-2006, 10:11 AM

I know a few people who are very wealthy from Gyms

Sosa · 05-24-2006, 10:12 AM

sounds like dh is gonna be owning another property!

Daruma · 05-24-2006, 10:13 AM

Quote:

Originally Posted by Sarah - GTS

A step ahead of you

we think alike ;)

Mr. Romance · 05-24-2006, 10:33 AM

That sucks...

Mr. Romance

05-23-2006, 11:28 PM	#1
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	My Gym Just Went Bankrupt! I can't say I didn't know it was coming... The owner has owned the place for 15+ years and it's been a staple in our town for over 20 years. The owner decided a girlfriend would be a good idea but unfortunately his wife didn't think the same thing. He had to sell his house, his family moved away and his business got ran into the ground. I went tonite to work out and sure enough the doors were locked, the lights were out and there was an emotional sign up to explain the closure. Guy is in his 50's and I feel quite bad for him. DH P.S. I guess I am going shopping for a new gym tomorrow!

05-23-2006, 11:30 PM	#2
Daruma Confirmed User Join Date: Nov 2002 Location: PandaLand™ Posts: 3,494	why not buy it __________________ RIP TD

05-24-2006, 02:29 AM	#7
ready lube Confirmed User Join Date: Dec 2005 Location: ReadyLube.com Posts: 2,043	Sounds like oyu need to get yourself a bowflex now, they really do kick your ass. __________________ Ready Lube - Natural Water Based Personal Lubricant that really works! Check out our special offers going on now! Save BIG! Spice things up with Ready Lube!

05-24-2006, 05:12 AM	#10
DutchTeenCash I like Dutch Girls Join Date: Feb 2003 Location: dutchteencash.com Posts: 21,684	damn that sucks buy the place make it a nice gym, the way you like it, free porn or so __________________ ICQ 16 91 547 - SKYPE dutchteencash bob AT dutchteencash DOT com ... did you see our newest Sweet Natural Girl Priscilla (18)?

05-24-2006, 05:21 AM	#11
Screaming I can change this!!!!! Join Date: Feb 2004 Posts: 18,972	buy it, redo it. lightspeed gym baby __________________

05-23-2006, 11:45 PM	#4
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	if he only kept his pecker in his pants.

05-24-2006, 01:29 AM	#5
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	my gym's owned by Mr Richard the big teeth, no way its going to bankrupt, the same guy that owns Virgin airlines

05-24-2006, 02:28 AM	#6
Bro Media - BANNED FOR LIFE MOBILE PORN: IMOBILEPORN Join Date: Jan 2004 Location: Tinseltown NL Posts: 16,502	maybe if you guys goto an extreme dodge ball game get all emotional, quit the team, take a bribe, meet lance armstrong, then get the currage to bet all your bribe money on your own team, win by default, and get 3 million dollars you can buy it back!!!

05-24-2006, 02:51 AM	#8
Mr.Right - Banned For Life I guarantee it Join Date: May 2005 Posts: 18,314	that is sad to hear.

05-24-2006, 05:24 AM	#12
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Yea buy it and run a special giving all the old members a free first month.. If you could do it fast it would be a instant money maker being he already had the members. Assuming you could do it real fast. Hell I bet you could work out a deal with the guy if he hasn't skipped town. __________________ In November, you can vote for America's next president or its first dictator. Last edited by crockett; 05-24-2006 at 05:26 AM..

05-24-2006, 05:25 AM	#13
David - PG Confirmed User Join Date: Mar 2004 Posts: 767	Gyms must be one of the most horrible businesses I can think of... next to non-fastfood restaurants. Every time I walk into mine I wonder how the hell these guys are making any money. They probably aren't. __________________ perfectgonzo.com

05-24-2006, 09:10 AM	#14
E$_manager Too lazy to set a custom title Join Date: Apr 2006 Location: pink adult dreams Posts: 13,557	cheating is bad! __________________ Enjoy more sales with EnjoyBucks! Homemade: Asian : Ebony : GFs : Voyeur : Nudist : Public : 3D

05-24-2006, 09:11 AM	#15
NemesiS876 Confirmed User Industry Role: Join Date: May 2006 Posts: 7,436	bump ...

05-24-2006, 09:25 AM	#20
E$_manager Too lazy to set a custom title Join Date: Apr 2006 Location: pink adult dreams Posts: 13,557	she was right she took the money and left. In some countries it is not possible, because nobodu knows hoe much a person has. It is all a secret __________________ Enjoy more sales with EnjoyBucks! Homemade: Asian : Ebony : GFs : Voyeur : Nudist : Public : 3D

05-24-2006, 09:29 AM	#22
HammerALL Confirmed User Join Date: Apr 2004 Location: Toronto Posts: 3,506	Come train with me DH - we'll get our bodies in tip top physical conditions for the lovely ladies of the Valhalla __________________ Mario Amaral AKA: Hammerall Affiliate Sales \| Email:[email protected] Skype: Hammerall \| ICQ: 190272140

05-24-2006, 09:43 AM	#23
David - PG Confirmed User Join Date: Mar 2004 Posts: 767	http://www.businessnation.com/Busine...s.cgi?ID=10838 Golds Gym for Sale: Franchise Re-sale - East Lansing, MI Very Simple Business To Run. In Business For 9 Years! Over 3000 Members. Facilities: Totally remodeled in Dec. 05 Business Type: Franchise Business Started: 1997 # of Employees: 10 Gross: $560,000 Net: $100,000 Asking Price: $600,000 I get a bit sceptical when somebody says it's "very simple to run". Sounds like a ton of headache for very low absolute return after all expenses (do not forget capital costs). __________________ perfectgonzo.com

05-24-2006, 09:48 AM	#25
adultchica Confirmed User Join Date: Sep 2005 Location: usa Posts: 5,141	Gyms are risky. However, there has got to be at least some money in it for people that know how to run it and do it right. I have seen our local GOld's gym close a few years ago and reopen in a new location with a new owner. There is actually a gym here that seems to be flourishing and with tons of members. It's not a large national chain, but it's got several locations in the surrounding 60-100 mi area. They seem to be doing very well. __________________

05-24-2006, 09:57 AM	#26
Zarathustra Confirmed User Join Date: Oct 2005 Posts: 1,094	they had to enact laws for gyms where im from to prevent them from opening up and shutting down

05-24-2006, 10:08 AM	#27
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	Look at a gym this way... 3000 members at between $30 and $50 a month that recurrs for at least a year. Yeah, umm, sure... that's the definition of a terrible business. __________________ I've trusted my sites to them for over a decade... Webair, bitches.

05-24-2006, 10:11 AM	#28
shuki Confirmed User Join Date: Aug 2004 Location: Boston Posts: 3,070	I know a few people who are very wealthy from Gyms __________________ Looking to buy established paysites contact me [email protected]

05-24-2006, 10:12 AM	#29
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	sounds like dh is gonna be owning another property!

05-24-2006, 10:33 AM	#31
Mr. Romance The Face of Romance and the Symbol of Freedom Join Date: Mar 2005 Location: The America's Posts: 7,821	That sucks... Mr. Romance __________________ Free Leads Program now paying up to $6 Gerard-Director of Global Sales Sign up Here: CamStarCash Check out: FreeCamStars ICQ: 330 662 299 gerard at freecamstars . com