Originally Posted by
John Winthrop
If I may, I would ask to bring a new topic to the discussions.
Some states, such as New York, Massachusetts and Tennessee, have passed or have considered legislation requiring gyms and health clubs to offer a prepaid membership option at all times and/or limit the duration for which gym memberships can auto-renew through EFT payments.
Is this already a topic known to any of you, in other words, is there a concern, and what would the consequences be for gyms if these laws are enacted?
I am trying to value a large chain of gyms and this information could be helpful for my analysis.
Ciao,
J.W.