“The two businesses really supported each other and without one functioning fully … the business model collapses,” an owner said.
Green Collective expects to open this fall at the corner of 32nd and Vallejo.
“If you don’t already have bikes on order that you would receive before the end of this year, you’re not getting them before the snow flies,” one shop owner said.
“I’m working with some voices that have not been center stage,” said Jordan Smiley.
From one-off studios to local and nation chains, the fitness industry is contracting.
Numerous CrossFit gyms, including at least six within Denver city limits, announced plans to cut ties with the company in recent weeks.
“We still have a fairly healthy membership base but nothing like before,” said the owner of The River Yoga.
“It took from Wednesday to Friday of last week to destroy our majority good reputation,” founder Patrick Harrington told BusinessDen.
The company said it reached out to landlords about restructuring leases, and “We were unable to reach an agreement with our landlord in Westminster.”
It opened in 2010.