My wife joined a women’s gym a long time ago, paid up for a multi-year membership. Then the company changed its name, and all memberships were null and void. But the same guy owned the gym.
I told everyone I know about it, and unfortunately he did it again. Changed the name, made all memberships null and void, and kept running the gym getting more suckers.
Each time he apologized, and said it was out of his control. Not sure how he got away with it. (Probably because we didn’t sue his fucking ass.)
I know of plenty of gyms that have closed, but unlike my story above, don’t think there was ever any fraud involved. Just at one point they ran out of money.
I used to work out at a World Gym, and quit there about year before they closed their doors. On the opposite side, I know 2 people who just opened a gym. They are really working hard to make it a real gym, and I am seriously thinking of joining if just to support them.
If I remember right, in order for a gym to succeed they must have more members then they can handle. This means a gym needs to get members who sign up, never use the place, and are too lazy to quit.
There have been discussions here before about people putting their money, and equipment together, and making their own gym. Not as a business, but just as a private gym. Then there is no need for profit, or employees to pay, just the space, equipment, and utilities. Any dues in excess of the costs go toward more equipment.
Oh and the guy who curls in the squat rack can be barred from the club.