A popular gym in Sydney’s sought-after eastern suburbs has closed its doors as global fitness chain F45 faces continued financial pressure.
In an email to members on Friday, F45 Coogee management announced that the gym would cease operations before the end of May.
Staff thanked the local community for their support over eight years, but said it had “become clear” they could not continue to operate.
“We are sad to see this chapter come to an end,” the email said.
‘It has not escaped our notice how wonderful this community in particular is.
Closing message from F45 Coogee. Image: supplied
‘Due to a number of construction compliance and noise abatement issues, which we have been dealing with for some time, it has become clear that we cannot continue to operate effectively and efficiently within our existing premises and that we will have to keep the current doors as we know them Close. while we look at other locations in Coogee as possible options.”
All active gym memberships will be canceled on May 24, with members receiving discounts to join two local private gyms.
Members were also encouraged to continue following the gym on social media, with the statement hinting at a possible revival.
“Further announcements will follow shortly around new and exciting opportunities… It’s not goodbye but see you soon,” it said.
The shock closure comes as the F45 fitness chain, backed by Hollywood actor Mark Wahlberg, faces continued pressure to downsize.
F45 CEO Tom Dowd, left, with actor Dwayne Johnson. Image: Twitter
In February, management at F45 Alexandria in Sydney’s south announced they would also be closing their doors.
F45 CEO Tom Dowd told various media at the end of last year that the company ‘would have to shrink in order to grow’.
“If we have to lose unproductive locations to add value to existing ones, that’s fine with me,” he told Leisure Opportunities.
‘In the future we will deal with growth very tactically and smartly. It won’t be ‘sell and forget’ like before.”
