'Affordable' Gym With 60 New York Locations Files For Bankruptcy

Many New Yorkers are worried about the future of their favorite gym.

Blink Fitness has filed for Chapter 11 bankruptcy protection.

Blink Fitness Files For Bankruptcy

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The New York-based fitness company has over 100 locations nationwide, including 60 in New York State.

Company officials said filing for bankruptcy is a "strategic decision to execute an efficient and value-maximizing sale process to optimize its footprint and position the business for long-term success."

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"After evaluating our options, the Board and management team determined that using the court-supervised process to optimize the Company’s footprint and effectuate a sale of the business is the best path forward for Blink and will help ensure Blink remains the destination for all people seeking an inclusive, community-focused gym," Blink Fitness CEO Guy Harkless said in a press release

Blink Fitness officials say the company is an "affordable fitness brand known for its commitment to an all-inclusive and inviting environment."

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Chapter 11 bankruptcy protection is expected to help "facilitate the sale process."