What happened to 24hr fitness?

24 Hour Fitness filed for bankruptcy on June 15. The company now has an optimized cost structure and leaner balance sheet after eliminating $1.2 billion of funded debt, according to the announcement.

Will 24 Hour Fitness survive?

24 Hour Fitness Successfully Emerges from Financial Restructuring. On December 30, 2020, 24 Hour Fitness successfully emerged from the chapter 11 process. Our financial restructuring is now complete, and we are excited to be moving into 2021 as a strong and forward-looking company.

How much is a membership at 24?

24 Hour Fitness Prices & 24 Hour Fitness Membership

24 Hour Fitness Sport Level Membership Prices
Access 300+ Clubs. All plans have a $49.99 annual fee.
One-Club Basic (Initiation Fee) $79.99
One-Club Basic (Monthly Fee) $29.99
One-Club Commitment Membership (12 Month Commitment) (Initiation Fee) $29.99

Did Costco stop sell 24 Hour Fitness memberships?

24 Hour Fitness is no longer accepting membership certificates purchased from Costco. Please return your certificate to Costco. We hope you will consider enrolling in another membership by following these steps below.

Will 24 Hour Fitness be 24 hours again?

CLUB REOPENING PLANS All 24 Hour Fitness locations have now reopened and are following state and local public health guidelines. Please check our gym finder for locations near you.

How much is 24 Hour Fitness net worth?

San Ramon, California-based 24 Hour Fitness had roughly $1.5 billion in sales in 2019, and less than $1 million in cash, according to Moody’s. It is controlled by AEA Investors, which acquired it through a $1.8 billion deal with Fitness Capital Partners and Ontario Teachers’ Pension Plan in 2014.

How much does it cost to open a 24 Hour Fitness?

And, they are both growing at a rapid pace. Investing in one of these types of fitness franchises will cost you between $175k-$200k total and you’ll want to be a multi-unit owner. As an owner, you are not really expected to physically run the clubs.

Is 24 Hour Fitness month to month?

Membership dues range between $31.99 and $56.99 per month, depending on club location and type. Pay $49.99 Annual Fee during 2nd month of enrollment and annually thereafter. Applies to select Monthly Payment memberships only. Dues must be paid by preauthorized payment (EFT).

How much is a 24 hour membership at Costco?

Costco members can buy a two-year, all-club, 24 Hour Fitness membership package for $399.99, according to Reader’s Digest. The same membership purchased directly through the gym chain would cost over $800 if paid over a two-year period. 24 Hour Fitness has more than 400 locations in 13 states.

How does 24 hour buddy pass work?

Buddy Passes Bring whomever you like*, whenever you like with the added flexibility of a Buddy Pass. A Buddy Pass allows you to bring the same guest or someone new with you each time you work out at a 24 Hour Fitness location. Add one to your cart when you join online!

How much does a 24 Hour Fitness franchise cost?

Who owns 24 hr fitness?

24 Hour Fitness is owned by AEA Investors, Ontario Teachers’ Pension Plan and Fitness Capital Partners. Headquartered in San Ramon, California, 24 Hour Fitness has more than 400 clubs and serves nearly 4 million members across the U.S. Mark Smith is now the executive director and an investor in Zeamo Inc., a global gym directory company.

What are the hours for 24 Hour Fitness?

Typical hours of operation range from 5 a.m to 10 or 11 p.m. local time during the week and from 8 a.m. to 8 p.m. at the weekend. Contact your nearest branch to confirm opening and closing times before visiting. Some 24 Hour Fitness gyms have reopened.

What is the 24 Hour Fitness phone number?

People can use this contact details to contact them and get their concern or query answered quickly. 24 Hour Fitness Corporate Office Address: 12647 Alcosta Blvd, Suite 500 San Ramon, CA United States. 24 Hour Fitness Corporate Office Phone Number Toll Free: 1-(925) 543-3100.

Is 24 Hour Fitness open 24 hours?

24 Hour Fitness Regular Business Hours Weekdays: The clubs are open 24 hours a day Monday through Friday. Weekends: The clubs are open 24 hours a day Saturday and Sunday.