The average cost of a monthly gym membership is $37.71. You can expect to pay between $109 and $119 a month for one gym, or $129 and $159 a month (depending which contract you sign) for access to all the clubs. Yes, all members can continue to freeze their membership upon reopening at no additional charge. After the first 12 months of Blue or Green memberships, the buyout fee is waived and all that’s required to cancel is giving notice. Within the first year, it can be canceled by giving notice and paying a buyout fee, which varies based on the location. Is Equinox a year contract?īlue, Green and Orange memberships have a 12-month agreement. If you are beyond your first year of membership, you may cancel with the amount of notice spelled out on your membership agreement for any reason. Gather appropriate documents, including a copy of an Equinox membership contract. How do I do that? You may cancel in club with a club manager, via registered or certified mail, or through our Concierge via phone at 86 or email at. Planet Fitness advertises itself as a gym for people who don’t like gyms, with ads referring to every Planet Fitness location as a “Judgement Free Zone.” The gym charges high membership fees and targets a wealthy group of clientele. This is a fitness brand that focuses on offering the best, premium experience available. The Equinox business model differs from other gyms in the way the brand positions itself within the market. The company had been seeking a valuation of $7 billion or more, according to Bloomberg. Is Equinox losing money?Įquinox had $650 million in 2020 revenue with a loss of $350 million due to temporary club closures caused by the COVID-19 pandemic, according to Bloomberg. Can you use someone else’s Equinox?Įxcept for permitted Sub-Accounts (see Section 1.5 of the Additional Terms: Service Memberships and Purchases), you may not allow your Account to be used by any other person. If you are an American Express card holder or a member of a corporate discount plan, you may qualify for a discount on membership. Like many companies, Equinox often offers promotional membership discounts. How can I save money on my Equinox membership? How hard is it to cancel Equinox membership?Īccording to Equinox’s FAQ page, all cancellations must be done in-person with a club manager, through the Member Administration department, which you can email at, over the phone (86), or through registered or certified mail sent to your home club.Įquinox has 29 locations in Brooklyn and Manhattan that are accessible with their $260 a month “all access” membership. If you want to go to multiple Equinox locations in the US, an “all access” membership runs $3,120 a year. What is the cheapest Equinox membership?īase memberships that only grant you access to one club still cost at least $2,200 a year, plus a $500 initiation fee. Well, allow me to explain: People online are boycotting Equinox and SoulCycle because their owner Stephen Ross is hosting a fundraiser for President Donald Trump’s reelection campaign. She recommends timing your enrollment with a promotion, like a waiving of initiation fees or a gift card. One Equinox member has tips for others on how to negotiate your Equinox gym membership. There may be ways to negotiate your gym membership - and help if negotiations don’t go the way you want them to. You can find the same kind of equipment or take similar group classes at less expensive gyms. But if your Equinox club is in a smaller suburb and doesn’t have a lot of amenities, it’s not worth it. If you live in a big city or near an Equinox that has a lot of amenities, a membership is worth it. 24 Is it worth paying for gym membership? Is an Equinox worth it?
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