29 Aug, 2017

Bally Total Fitness Center Franchise

Bally Total Fitness is one of the popular fitness clubs in the United States of America.  It offers a superb Bally Total Fitness Center Franchise investment opportunity. Its headquarters and head offices are at Chicago in the US state of Illinois. It has over 400 gyms in 70 US cities and has over 4,000,000 (four million) customers.

 

Before Chapter 11 of Bankruptcy was filed in 2007, the company operated and managed close to 440 facilities which were situated in 29 states including China, Canada, Korea, Mexico and Caribbean. It operated these under the brand and title names of Bally Sports Clubs, Pinnacle Fitness, Crunch Fitness, Bally Total Fitness, Gorilla Sports and Sports Clubs of Canada.

 

 

 

To maintain its market niche in the wake of competition from the clubs which enter the market so as to serve specific demographics within the market, it has resorted to franchising.  Over 30 facilities are now offering as franchises.  You can also invest very easily in the Bally Total Fitness Center Franchise.  

 

Why choose Bally Total Fitness Center Franchise?

 

Bally Total Fitness has been and will always been committed to offer its members the best resources possible so as to help them achieve the fitness or health goals at reasonable cost. The company is well established having being set up in 1931.

 

It has over the years grown and become a worth investment forum. It was listed in the New York Stock Exchange under the BFT ticker symbol. Bally Total Fitness Center Franchise will therefore make you realize your dreams easily and quickly.   

 

The Bally Bankruptcy

 

In August 2007, Bally Fitness Company filed for bankruptcy because of excessive debts of about $761 million. From 1997 to this time, its stock had gradually decreased on the pink sheets from US$37.00 to below $0.37. This meant that over 99% of its total value had been plunged. This led to its removal from the NYSE.

 

On October 1, 2007 Bally Fitness Company made an announcement that it had emerged from bankruptcy court protection. In early 2010 it had sold some of its health clubs.

 

On December 2003 2008, Bally Fitness Company once again filed for bankruptcy because of financial problems as a result of the Global Credit Crisis. At this time the company announced it would explore several options   including sale or reorganization. It emphatically sated that it would emerge from the bankruptcy and financial problems as soon as possible.

 

 

You can get more information about Bally Fitness Center by visiting ConsumerAffairs.com. All these not withstanding, Bally Total Fitness Center Franchise is worth investment which will give you proper returns of investment.