Really.....
Can't say i am surprised though.........they seem to be opening new gyms everyday. Sooner or later it will have to slow down.
I heard from a mate who use to be a trainer at Fitness First that like almost 50% of their members quit within the first few months, but are still locked into their contracts. So they make a fair deal of their money off people who no longer go to the gym.
Australian government , is specifically looking into and changing contract law in the fitness industry due to the specific number of complaints lodged to department of fair trading in relation to gym contracts, Fitness First recieving the most complaints and they are using their contract in their review, as with most government things it takes time but they are on to it.
They are a shitty buisness, in most cases they have taken large premises in prime areas with expensive rents, that force them to require 4000 members to break even in a facility that in reality can only accomadate 1500 to 2000, resulting in over crowding on equipment and issues with everything from car parking to getting a shower,
The 24hour or planet fitness system in the USA is much better they would have 3 to 4 times the equipment fitness first has to cater for a similar amount of members.