Blink Fitness Files for Bankruptcy to Facilitate Sale

The affordable gym chain, owned by Equinox, aims to remain operational while seeking a buyer.

Blink Fitness operates over 100 locations across seven states with memberships ranging from $15 to $45 per month.
The company has secured $21 million in financing to maintain operations during the bankruptcy process.
Blink's financial struggles stem from pandemic-related closures and deferred rent payments.
Despite a 40% revenue increase over the past two years, the company faces significant debt.
Parent company Equinox continues to see growth, with a 27% revenue increase in 2023.