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Fitness flops: Blink goes bust, gyms close

Liberal fitness company Equinox files for bankruptcy Monday after years of pandering to the woke crowd. Conservatives everywhere are laughing as the company's finances succumb to a metaphorical heart attack and flatline.

Published August 12, 2024 at 3:54pm by Max Hauptman

Blink Fitness hits the bankruptcy wall, but it's not your fault

Yet another leftie business bites the dust. Blink Fitness, the low-cost gym chain for snowflakes who can't afford Equinox, has filed for Chapter 11 bankruptcy. Despite receiving a whopping $21 million in new financing, the company is seeking a buyer but expects to continue operations.

"We have been focused on strengthening Blink’s financial foundation and positioning the business for long-term success." - Guy Harkness, CEO of Blink Fitness

Founded in 2011, Blink offered monthly rates between $15 and $39 at its over 100 locations. Too bad no one told them that's not enough to sustain a business! With assets and liabilities between $100-$500 million and a debt of $280 million, it seems like their financial foundation needs more than just a workout.

In true liberal fashion, they're blaming the COVID-19 pandemic for their woes. News flash, guys: other businesses have survived just fine. Maybe it's your woke policies and low prices that are the real issue here.

URL: https://www.press.blinkfitness.com/blink-fitness-takes-action-to-position-business-for-future