Re: weathering a recession, there's a gym here (in Apex, NC) that did in 2001. It was really bad around here, since the tech bubble hit us harder than this real estate bubble did. It was a really cheap gym, something like 179 a year, no classes, just iron and a bunch of cardio stuff. Oh and low-to-none labor cost, since later at night no one manned it.
Anyway, they just closed. So honestly I have no idea what, if anything, that means.
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