Tony's Gym

[torrenova 644]

But no-one knows how long "lifetime" really means. If he sells, the new owners can just say "bugger off" !

 

Unless you're going to a number of his locations and multiple times a week, I don't see the value in it. In the last year his membership pricing has been all over the place. No cohesive strategy at all.

[bangkapiboy 5]

I thought about that as well. But you can see Tony is putting a lot of work/expansions into these fitness operations. I figure Tony has at least 20 more years until he retires and sells his operations off. So, not all bad for 15,000B.

[torrenova 644]

If it is such a good business why the hell would you give out such a "good" offer ? Doesn't make economic sense unless no-one wants to pay his recently introduced Bt8000 per year fee or his businesses are losing cash and he is financially strapped.

 

I cannot find a decent argument other than it equates to about 2 years' fees now and about 4 years' fees only a few months ago.

 

If you use multiple locations each week then it may be justified but he was trying to get 100 members from here for something like Bt2400 each or something before Christmas and pulled the plug on that idea.

 

Caveat emptor.

[bangkapiboy 5]

I see all your points. Have you taken a look at his Tennis and Fitness centre? It is really quite nice actually. There's a big pool, saunas, steam, cold pool, jacizzis, spinning classes, and 24 hours. Somehow I think Tony isn't hurting too much for cash. Isn't his dance club on walking street still packed each night? I have only been inside once and didn't like it, especially the drink prices, but I see loads of people heading in there when I walk past.

[torrenova 644]

Tony had it on the market for something ridicukous like $4.5m for ages. The advert made his clientele look like mugs for paying his prices.

 

I don't think he is hurting for cash but if you were going to sell a gym the prospective buyer would look at the level of membership, membership fees in the prior year, the churn rate and profitability. The fact is that doing this deal increases current year profits but significantly reduces the profits going forward if it remains a going concern. Any new owner or even Tony if it is not sold is then less interested in maintaining facilities as there is less yearly membership cash coming in !

 

If I lived nearer I may still consider it if i had more time to utilise the facilities.

[barry_bonds 1]

I see all your points. Have you taken a look at his Tennis and Fitness centre? It is really quite nice actually. There's a big pool, saunas, steam, cold pool, jacizzis, spinning classes, and 24 hours. Somehow I think Tony isn't hurting too much for cash. Isn't his dance club on walking street still packed each night? I have only been inside once and didn't like it, especially the drink prices, but I see loads of people heading in there when I walk past.

 

I thought it looked nice too, as I was almost sold, solely on the jacuzzi (saw a hot looking girl in it), open showers, and sauna...but when I worked out, the rubber flooring smells like tar and most of the equipment is outdated...don't like to waste time putting the weights on manually onto the equipment.

 

I don't think Tony spent alot of money on the equipment...probably got it from some gym going out of biz. He's got some building across from the Tennis and Fitness Center, probably is draining his cash.

[casper_uk 12]

I'd have to say that there is probably more chance of Tony's standing by a 'life time' membership, than there is the 'average' Joiner actually staying here in Pattaya long enough to go 'full term' on the purchase.

 

Then again, a few could die on the exercise machines I guess

[halfaboy 31]

Note that in a couple of months Californai Wow will be opened on Second Road (appr. opposite Mike's Shopping Mall). Further information can be found on their website http://www.californiawowx.com/Thailand/eng/index.asp

[rightsaid 44]

Note that in a couple of months Californai Wow will be opened on Second Road (appr. opposite Mike's Shopping Mall). Further information can be found on their website http://www.californiawowx.com/Thailand/eng/index.asp

 

 

Congratulations you've provided a link to what appears to be a Women's Only Gym.

Edited March 13, 2007 by rightsaid