google.com, pub-6663105814926378, DIRECT, f08c47fec0942fa0 Around the World List 73287964: Holding Things Together When Selling A Location


Holding Things Together When Selling A Location

News that one of a business's locations is about to be sold can start a costlv exodus of customers and employee. But gymnasium owners and operators Brian and Doris Forchheimer managed to keep all of their members and employees during the many months that they were negotiating to sell one of their two CityFitness gyms in Washington, D.C. Because the owners pride themselves on delivering quality and personal service and wanted to focus their efforts on one location, their first concern was how to take care of the six full-time employees and 550 members at the gym they were selling; many had been at the location since the Forchheimers started the business in 1990.



The Forchheimers had several offers to buy, but they held out for someone they thought would take a personal approach to running the gym. Although no prospective buyers would commit in writing to retaining the employees, the Forchheimers asked them all to talk with the staff before considering replacing anyone. As soon as the couple knew that the gym would sell—about 10 months after the sale process began—they sent a letter to members at both locations explaining the situation. When the sale process dragged on eight months longer, the open communication helped suppress rumors and quell concerns among employees and members. During those eight months, the revenue stream continued. Then, to ensure a smooth transition, the couple stayed on for another month.

"Communication is the key," says Brian Forchheimer. "We didn't want to sell to just anyone, and we were dead set against closing the gym when we had so many people who had been coming so long." The new owner agreed to retain all six employees. The two club managers have an open invitation to come to the Forchheimer.-' remaining club if things don't work out with the new owner. The couple believes that their efforts and  upfront communications also paid off in increased loyalty from the members and employees at their original location.

annuities meaning ultimate assurance property settlement
wealthy and successful man rich choose buy home homeowner know insurance
ask mortgage lenders car accident settlement mortgage application
prepare investing stock shopping without debt factors affecting home loan
credit cards with no debt plan for business loans step buying insurance
choosing life insurance cheap car insurance debt with credit card
type of insurance how to request a claim deposit banks or insurance
need life insurance insure assets and liabilities contract buying a home
happy if in debt pay car installments most car insurance terms
urgent money request loan save money in stocks howto have a home
plan before retirement plan repayment carefully plunging to the depths
cut health care costs handling employee departure put on retailer shelves
low cost promotion guide to office colleagues get TQM traning
unconscious credit cards home to pay off debt want money to invest
credit card addiction manage credit card debt insurance agreement
loans for education lead to poverty what is private fund
overlook insurance also saving on debt do before retiring

Update New Topic

Search This Blog

Popular Posts

Blog Archive