An independent gym in lower Manhattan fell victim to Covid-19 and joined a long list of businesses devastated pandemics.
Tribeca Health & Fitness, based at 107 Chambers Street, filed for Chapter 7 bankruptcy on Friday and announced a permanent closure on its website.
“We are heartbroken to announce that we will not reopen,” Website he said. “The extended closure of Covid made it impossible for us.”
Since 2017, Allison and Fred Thompson have owned the popular gym, which the website says occupied more than 10,000 square feet of space on three levels.
In a statement, the owners said they “tried every way” to save the gym, the pandemic was more than they could bounce back.
According to the debtor’s proposals, the company owes its creditors more than $ 1.4 million, while its assets amounted to approximately $ 92,000.
After the closure, the self-proclaimed “largest family fitness center in lower Manhattan” joined the pool of sports clubs and fitness centers that had been crashed by the pandemic in recent months.
City Sports International – which owns sports clubs in New York, Boston, Philadelphia and Washington – filed for Chapter 11 bankruptcy last month after the forced closure of gyms led to large revenue losses, Reuters reported. National chain 24-hour fitness in June, he also filed for bankruptcy.