Is Youfit going out of business?

Is Youfit going out of business?

YouFit spokesperson Evan Nierman told the South Florida Business Journal: “As it did for many industries, including other health clubs, the pandemic hit Youfit hard, and we have made the decision to restructure the company through a bankruptcy filing. YouFit is the latest club company to file for bankruptcy.

Can I cancel my Youfit membership online?

We can provide you with a copy at the club or online at youfit.com. You will have access to Youfit for every day that you have paid for. If you cannot visit a local Youfit location you may request a cancellation via certified mail. Simply write out your request and mail it to us with any required payments.

Who bought Youfit?

Walrath of the U.S. Bankruptcy Court for the District of Delaware granted YouFit’s largely consensual request at a hearing Wednesday. A lender group that includes Birch Grove Capital LP and Goldman Sachs Bank USA purchased YouFit’s business out of bankruptcy by forgiving $85 million in debt.

What is Youfit balance forgiveness program?

One message read: “YOUFIT BALANCE FORGIVENESS: Get 1 year for $99, or 6 months for $49, to clear your past due balance. Call 561-472-1622 for details.” The second text message had the same message but with a different phone number.

What is the amount of Youfit health club’s outstanding business loans?

The chain recently received a $10 million Paycheck Protection Program loan, and owes outstanding loans ranging from $127,000 to $499,000. However, despite its financial predicament, Youfit has not yet announced additional closures or plans to lay off employees.

Is there a cancellation fee at YouFit?

To cancel your YouFit Health Club membership, follow the steps below: Visit the club you have a membership with. Ask a staff member for a cancellation form and complete this. Pay the $10 cancellation fee alongside any outstanding fees due.

What is YouFit balance forgiveness program?

Is YouFit a franchise?

YouFit Gyms (formerly YouFit Health Clubs) is a national chain of fitness clubs. In October, 2021, YouFit underwent a company-wide rebrand, including a new name and new personalized services, investing more than $20 million to fully update and renovate all 80 facilities in 10 states….Youfit.

Type	Private
Website	www.youfit.com