Blink Fitness, a budget-friendly gym chain owned by Equinox, has filed for Chapter 11 bankruptcy protection in a bid to facilitate the sale of its business. Despite the filing, Blink’s more than 100 locations across seven states will remain open, with the company assuring members of minimal disruption to daily operations.
The New York-based company has secured $21 million in financing from existing lenders to support ongoing operations, pending court approval. Blink’s leadership, including CEO Guy Harkless, emphasized that the bankruptcy process is the best path forward to maintain the gym’s community-focused environment while navigating financial challenges.
Founded in 2011, Blink offers affordable membership plans ranging from $15 to $39 per month, competing with larger chains like Planet Fitness. The company has reported a 40% revenue increase over the past two years and recently invested in upgrading 30 of its most popular locations with new equipment.
The Chapter 11 filing comes as the fitness industry continues to recover from pandemic-related losses, with many gyms experiencing a resurgence in foot traffic this year. Blink’s parent company, Equinox Group, is not part of the bankruptcy filing and will continue its operations separately.
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