Gyms will be closed in 14 states.
The latest victim of the coronavirus pandemic is the popular fitness gym chain, 24 Hour Fitness. Sadly, the company is filing Chapter 11 bankruptcy and will permanently close 100 gyms nationwide.
In its Chapter 11 filing on Monday, the company said it has $250 in available funding that will allow it to open its remaining 300 locations by the end of the month.
“If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11,” CEO Tony Ueber said. “We expect to have substantial financing with a path to restructuring our balance sheet and operations to ensure a resilient future.”
The 100 closed locations are spread across 14 states: California, Colorado, Florida, Hawaii, Illinois, Maryland, New Jersey, Nevada, New York, Oregon, Texas, Utah, Virginia, and Washington.
California (42 closures) and Texas (26 closures) will see the bulk of the hit, though Colorado, Florida, Nevada, and Washington are seeing a significant share as well.
To see if your 24 Hour Fitness is closing, check their website.