Question: How Much Is 24 Hour Fitness Worth?

Can I get my money back from 24 Hour Fitness?

You are entitled to a 3 day (5 days in CA and HI) cooling off period, meaning that if you notify 24 Hour Fitness within 3 days of your initial purchase (5 days in CA and HI), you will receive a full refund.

To understand the details of your cooling off period, please review your membership agreement carefully..

Why does 24 Hour Fitness charge annual fee?

Each year, members will be charged an Annual fee of $49.99 in addition to monthly dues. The Annual Fee is due and payable each year on the 4th month listed in the schedule below in accordance of your membership enrollment date, as long as the membership is in effect.

Is Planet Fitness really $10 a month?

Well, the $10 monthly memberships are definitely for real, though there are a few things to be aware of before you sign up. Here’s what you’ll pay to join a Planet Fitness gym. $10 a month gets you a Classic membership. At some locations, this option is no-commitment, meaning you can cancel at any time.

Does Shaq own 24 Hour Fitness?

Shaq created The O’Neal Group in 2006 with his first venture being the residential high rise The Met Miami. He owns forty, 24 Hour Fitness locations and has put his personal touch into each gym to make them unique.

Is owning a gym franchise profitable?

However, according to the company website, franchisees can expect a greater than 25 percent return on investment in a franchise’s second year, even after royalties and advertising. That comes from a median annual membership revenue of around $1.7 million and a median operating income of $567,000.

What company owns Gold’s Gym?

McFitGold’s Gym/Parent organizations

Who bought out 24 Hour Fitness?

Forstmann Little & Co.Forstmann Little & Co., a private equity firm, bought 24 Hour Fitness for $1.6 billion in 2005 from founder Mark Mastrov. One of the largest fitness chains in the United States, 24 Hour Fitness has nearly 4 million members and more than 400 clubs across the country.

What is the best gym to join?

Our Top PicksBest Overall: 24-Hour Fitness. … Best Budget Membership: Planet Fitness. … Best for Frequent Travelers: Anytime Fitness. … Best for Bodybuilders: Gold’s Gym. … Best for Luxury and Amenities: Equinox. … Best for Machines and Muscle Isolation: LA Fitness. … Best for Group Classes: Crunch Fitness.More items…

Can I cancel my gym membership?

You’ll normally have to pay the full cost of your contract if you want to cancel a gym membership early. There are a few circumstances when you might be able to cancel without paying a fee. … Even if you can cancel, it’s likely that you’ll have to give a notice period (eg 30 days).

What is the average cost to join a gym?

Cost per week of membership: From $17.99 p/w. A 12-month membership is the most popular membership option but they also offer month-to-month and 18-month options….GymPlus FitnessNumber of gyms220+Joining fee?$99Cost$13.95 p/w24 hours?Yes10 more columns

Who is the CEO of 24 Hour Fitness?

Tony Ueber (–)24 Hour Fitness/CEO24 Hour Fitness (the “Company”) today announced that Tony Ueber, former President and CEO of Results Physiotherapy, will become Chief Executive Officer, effective immediately.

How much is it for 24 Hour Fitness?

The average cost for a 24 Hour Fitness membership is anywhere around $399–499 a year and $36–46 a month. Depending on additional services you’ve opted in on (such as Kids Club), that price can increase.

What is the cheapest gym to join?

Five most affordable gym membershipsPlanet Fitness. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” … Cardinal Fitness. … Your Local YMCA. … Gold’s Gym. … LA Fitness.

How much is Costco 24 Hour Fitness?

Costco members can buy a two-year, all-club, 24 Hour Fitness membership package for $399.99. According to Reader’s Digest, the same membership purchased directly through the gym chain would cost more than $800 if paid over a two-year period.

Why did 24 Hour Fitness stop giving out towels?

24 Hour Fitness USA, Inc. … The case claims that despite advertising towel service as part of the Super Sport membership package, 24 Hour Fitness in June 2019 made the decision to eliminate the service as a purported cost-saving measure and instead offer towels for sale at retail price.

Is 24 Hour Fitness publicly traded?

24 Hour Fitness is a privately owned and operated fitness center chain headquartered in San Ramon, California.

Is Costco 24 Hour Fitness a good deal?

Costco is currently offering two excellent deals on 24 Hour Fitness memberships. Right now, members can buy a two-year All-Club Sport membership for just $429.99 or a two-year All-Club Super Sport membership for $699.99. That breaks down to around $18–$29 per month, respectively.

Does 24 Hour Fitness have senior discounts?

No, 24 Hour Fitness does not offer senior discounts.

How can I get a free gym membership?

8 Legit Ways to Use the Gym for FreeWork Out on Free Days. … Sign Up for a Triathlon Training or Running Program. … Get a Free Pass. … Participate in Community Programs. … Ask for a Gym Membership as a Gift or Benefit. … Visit the Hotel’s Gym. … Enroll in College. … Get a Part-Time Job at the Gym.

Will 24 Hour Fitness go out of business?

No, 24 Hour Fitness is not going out of business. Our Chapter 11 filing is expected to facilitate our financial and operational restructuring so that we can reinvest in our existing clubs and offer great fitness experiences to our club members, team members and guests for many years to come.

Is 24 Fitness still charging me?

Effective April 16, 24 Hour Fitness will suspend all membership billings, including any additional services and fees, if we are unable to reopen clubs by that time.