Question: Who bought Golds Gym?

RSG Group GmbH, Berlin, Germany, finalized its $100 million purchase of Golds Gym International, Dallas, on Aug.

Did Fitness Project buy Golds Gym?

With a strong, reinvigorated sense of purpose, he built a totally new brand that would inspire people in North Houston to live life to the fullest and as of September 2020, FITNESS PROJECT was born! The FITNESS PROJECT team has worked hard to completely rebrand Golds Gym Houston and evolve the entire business model.

Did Vasa buy Golds Gym?

VASA Fitness has acquired 17 Golds Gyms in Utah and will rebrand the clubs under its name. The terms of the deal were not disclosed. VASA Fitness will also open a new club in Riverton, Utah, in late December.

Why is Golds gym going out of business?

Golds saw its business drop during the Covid-19 pandemic and filed for court protection in May. The company tapped a $20 million bankruptcy loan shortly after to keep operating even as most of its gyms remained shut.

What happened to Golds Gym in Utah?

Seventeen former Golds Gyms in Utah rebranded as VASA Fitness last week. The Golds Gyms were operated by Body Firm Aerobics Inc., Orem, UT, which had been on Club Industrys Top 100 Clubs list for several years. The company last appeared on the Top 100 list in 2011 at No.

Is Vasa a franchise?

VASA, headquartered in Provo, UT, is the largest operator of health clubs in the Utah market, serving approximately 150,000 members in 17 locations (with one new location opening in December). Prior to the recapitalization, the clubs operated as a franchisee of a national health club brand.

Who started Golds gym?

Joe Gold Golds Gym/Founders Joe Gold, a bodybuilding pioneer who founded a beachside gym made famous by then-bodybuilder Arnold Schwarzenegger, has died. He was 82. Golds death on Sunday at a Los Angeles hospital was confirmed Monday by Dave Reiseman, a spokesman for Golds Gyms.

Does owning a gym make money?

In the world of gym ownership, there are three surefire ways to boost profit: Increase membership revenues - If membership at your gym is $1,000 per year, you only need 100 members to turn over $100,000 in annual revenue. But adding just one new member every week puts annual revenues at $152,000.

IS 10 gym a franchise?

Theyll provide you with a personal support team, comprehensive training, and marketing support over the course of your franchise agreements six-year term (or 10, if youre in California).

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