Uncertain future for gym

Essex County Standard: Uncertain future for gym Uncertain future for gym

A GYM could close if a new company doesn’t come forward to buy it within six months.

LA fitness, in Clarendon Way, Colchester, is one of 33 gyms the national chain has put up for sale in attempts to reduce its £290million debt.

A company spokesman confirmed it is looking for new operators for those gyms but there is a six-month deadline before they will have to shut.

Letters detailing the blow were sent to gym landlords last Thursday.

Staff at the Colchester gym, which employs around 30 people, were told on Friday morning.

Gym members started to be told later that day.

Meanwhile the gym will continue to run as normal.

The LA fitness spokesman said it was hoped employees would be able to transfer to the new gym operator, if one is found.

Each club has on average 2,450 members.

The LA fitness group owns 80 gyms nationwide and said a “restructuring plan” was underway to focus on its a smaller portfolio of gyms and to secure its future.

LA fitness is seeking to reduce the rent on the 33 clubs it wants to sell, for six months.

 

Comments (2)

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8:32pm Tue 11 Mar 14

YIDDOE68 says...

I am not impressed that LA Fitness is potentially facing closure, it is a lovely and friendly gym, convenient for going to before or after work. The staff are also friendly as are all of the instructors who take the classes. I've been attending this gym for over 5 years now and would be devastated if it closes.
I am not impressed that LA Fitness is potentially facing closure, it is a lovely and friendly gym, convenient for going to before or after work. The staff are also friendly as are all of the instructors who take the classes. I've been attending this gym for over 5 years now and would be devastated if it closes. YIDDOE68
  • Score: 6

8:59pm Tue 11 Mar 14

Boris says...

YIDDOE68 wrote:
I am not impressed that LA Fitness is potentially facing closure, it is a lovely and friendly gym, convenient for going to before or after work. The staff are also friendly as are all of the instructors who take the classes. I've been attending this gym for over 5 years now and would be devastated if it closes.
In to-day's paper there is a front-page story speculating about a new gym coming to the Cuckoo Farm area.
If a gym so close to the station can't make money, what are the hopes for a gym at the back of beyond? Or is it that gyms only want to cater for people with cars?
[quote][p][bold]YIDDOE68[/bold] wrote: I am not impressed that LA Fitness is potentially facing closure, it is a lovely and friendly gym, convenient for going to before or after work. The staff are also friendly as are all of the instructors who take the classes. I've been attending this gym for over 5 years now and would be devastated if it closes.[/p][/quote]In to-day's paper there is a front-page story speculating about a new gym coming to the Cuckoo Farm area. If a gym so close to the station can't make money, what are the hopes for a gym at the back of beyond? Or is it that gyms only want to cater for people with cars? Boris
  • Score: 0

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