04-18-2024, 12:40 PM
From local article:
Gym Co-owner Mike Cieplak said earlier this month, they would need a minimum of ten years to make back the investment they have already made in the new location.
“The way our business is built, the capital investment is entirely all up front, which is in the climbing walls. The climbing walls are built specific to the building. They cannot just be taken apart and moved.”
The gym’s current lease only has four more years on it.
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Just doesn't seem like a smart business decision on the owner's part - hopefully they can get an extension of some sort or work something out with the landlord
Gym Co-owner Mike Cieplak said earlier this month, they would need a minimum of ten years to make back the investment they have already made in the new location.
“The way our business is built, the capital investment is entirely all up front, which is in the climbing walls. The climbing walls are built specific to the building. They cannot just be taken apart and moved.”
The gym’s current lease only has four more years on it.
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Just doesn't seem like a smart business decision on the owner's part - hopefully they can get an extension of some sort or work something out with the landlord