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Blink Fitness bankruptcy filing: List of NY locations at risk of closing

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Blink Fitness bankruptcy filing: List of NY locations at risk of closing

Blink Fitness, the New York-based gym operator company with 100 locations across the U.S., has filed for Chapter 11 bankruptcy protection.

The chain has 60 locations in New York alone and more than half of them are listed in the filing. 

Blink, a chain owned by the luxury fitness company Equinox Group, said on Monday that it was filing for bankruptcy to help facilitate a sale of the business. 

NEW YORK, NEW YORK – AUGUST 12: A sign advertising a Blink Fitness gym is seen on Flatbush Avenue on August 12, 2024 in New York City. Blink Fitness, an affordable gym operator that is owned by Equinox, has filed for Chapter 11 bankruptcy protection.

The company added that its gyms remain open —telling its members that it anticipates “limited impact on day-to-day operations” through the process.

Blink also said it received a commitment for $21 million in new financing from existing lenders to help support its ongoing operations, pending court approval. 

Employees’ wages and vendor payments are expected to continue without interruption.

List of New York Blink Fitness gyms at risk for closing

Blink has long billed itself as an affordable gym “for every body” and was founded in 2011. 

Membership plans range from about $15 to $39 per month plus maintenance fees, competitive with rates from larger rivals like Planet Fitness and LA Fitness. 

Blink operates in seven U.S. states: New York, New Jersey, Pennsylvania, California, Illinois, Massachusetts and Texas.

Here is a list of New York locations that are listed in the bankruptcy filing: 

  1. Blink 116th Street
  2. Blink 125 Park
  3. Blink 125th Street
  4. Blink 2374 Grand Concourse
  5. Blink 2465 Jerome Avenue
  6. Blink 3779 Nostrand Avenue
  7. Blink 56-02 Roosevelt Avenue
  8. Blink 600 Third Avenue
  9. Blink 78-14 Roosevelt Avenue
  10. Blink 833 Flatbush Avenue
  11. Blink 98th Street
  12. Blink Eighth Avenue
  13. Blink Farmers Boulevard
  14. Blink Flatlands Avenue
  15. Blink Fourth Avenue
  16. Blink Gates
  17. Blink Hicksville
  18. Blink Jamaica Avenue
  19. Blink Jerome Avenue
  20. Blink Knickerbocker
  21. Blink Liberty Avenue
  22. Blink Metropolitan Avenue
  23. Blink Myrtle Avenue
  24. Blink Nassau Street
  25. Blink Riverdale
  26. Blink Southern Boulevard
  27. Blink Steinway Street
  28. Blink Sunset Park
  29. Blink Utica Avenue
  30. Blink Valley Stream
  31. Blink Webster Avenue
  32. Blink West 8th Street

Why did Blink Fitness file for bankruptcy?

In its Chapter 11 petition, which was filed in Delaware bankruptcy court, Blink listed both assets and liabilities in the $100 million to $500 million range. Total debts for Blink and its affiliates filing for Chapter 11 amount more than $280 million, according to a court affidavit from Chief Restructuring Officer Steven Shenker on Monday, which also suggests the debtors may reject leases of certain facilities that are no longer in operation as part of wider cost-cutting efforts.

The company said on Monday that it has seen “continuous improvement” in recent financial performance, with revenue increasing by 40% over the last two years.

A Blink Fitness gym in New York, US, on Monday, Aug. 12, 2024. Gym chain Blink Fitness, a low-cost offshoot owned by luxury gym chain Equinox, filed for bankruptcy protection, becoming the latest chain to succumb to stiff competition and higher costs

Blink also pointed to recently-announced efforts to boost member experiences in its most popular gyms. Monday’s bankruptcy filing arrives just months after the company announced a multimillion-dollar investment that included upgrading 30 of its most-trafficked locations with more than 1,700 pieces of new equipment.

In a statement, Blink Fitness President and CEO Guy Harkless said that the company’s leadership determined that using a court-supervised process to facilitate a sale “is the best path forward for Blink and will help ensure Blink remains the destination for all people seeking an inclusive, community-focused gym.”

Blink did not immediately provide many details about the sale it’s pursuing. 

Owner Equinox Group also has the brands SoulCycle, Pure Yoga and Equinox Fitness Clubs. The membership prices of those clubs are far more expensive than Blink’s rates.

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