Fitness
Blink Fitness Files For Bankruptcy, Potentially Closing Brooklyn Sites
BROOKLYN, NY — Blink, an affordable fitness chain with locations across New York City, including several in Brooklyn, has filed for Chapter 11 bankruptcy protection and plans to close a portion of its gym locations.
Blink leaders announced on Monday that all fitness clubs will remain open while they work on facilitating a sale. However, a company spokesperson confirmed to Patch on Tuesday that about 10 percent of locations will be closing.
The company did not comment on which locations across the country would close.
According to its website, Blink operates 16 locations across Brooklyn, including sites in Clinton Hill, Williamsburg, Bushwick, Park Slope, Crown Heights, Flatbush and Coney Island.
Founded in 2011, Blink Fitness has positioned itself as an affordable gym “for every body.” Membership plans range from approximately $15 to $39 per month (plus maintenance fees), offering competitive rates compared to larger competitors like Planet Fitness and LA Fitness.
Blink is owned by the Equinox Group, a luxury fitness company whose brands also include Soul Cycle and Pure Yoga.
“The actions we are taking now are designed to secure a strong financial foundation so that we can continue to provide to you the premium gym experience you have come to expect,” said Blink’s president and CEO, Guy Harkless, in a letter to members.
Blink operates in six other U.S. states: New York, Pennsylvania, California, Illinois, Massachusetts and Texas.
With reporting from Michelle Rotuno-Johnson, Patch Staff