Who cares if the coroprate gyms are doing OK if half the 500 gyms in the system are saying fuck this shit and splitting.
This is the EXACT same thing that happened in 98-2002, when those clowns who bought out Conners and Grymko, they started making changes that caused 20% of the franchisees to bail out.
The old golden rule is the same today as it was 100 years ago-"if it aint broke dont fix it".
Another rule is if you dont know what the hell you're doing you better learn FIRST. That is what is going on with Gold's, they have a bunch of Wall Street MBA's that dont know jack shit about the gym business and these dorks are literally destroying the company and the Golds brand.
Mark my words, if these idiots running GOld's today close the flagship Venice Beach Gold's on Hampton drive down that will be the final nail in the coffin for Gold's Gym.
TRT Holdings owns Golds now. They are not in it to make Golds better they are in it to make money. Having 500 franchised gyms does not make the corporation worth the most money it could be worth. They have ruined the largest international gym chain in the world. But at the same time they are increasing their worth and they do still have over 400 franchises I think. They have gone from 1 corporate owned gym to more than 70 or so. There merchandise sales are way down though I think. They will be moving out of Venice too. At least all their corporate offices will move. They will not keep that location as a corporate gym. The costs are too high.
