So, What’s Going On With Results?
Operators Owed Building Owner $737,195
by Larry Janezich
It’s hard to say. Here’s what we know.
Late Tuesday night, a sign on company letterhead appeared on the door of Capitol Hill’s Results, The Gym, which read:
During the past six months, Results Gym has faced growing economic challenges to its continued operations including extreme pressures arising out of the uneconomic lease for its space on G Street. While management has worked diligently to address those challenges, it was unable to obtain terms from its landlord that would permit it to continue operating and the landlord has proceeded with eviction.
In light of this, we regret to inform you that Results Gym will discontinue operations effective March 15, 2016 at 11:59 p.m. At present, we do not know how Results Gym’s remaining assets will be allocated between its secured and unsecured creditors. As that process plays out, we hope to provide you with additional information.
Please submit all inquiries to: email@example.com
An email with the same content was received by some Results Club members.
Separately, Results staff received an email, as follows:
To the Staff of Results Gym
During the past six months, Results Gym has faced growing economic challenges to its continued operations including extreme pressures arising out of the uneconomic lease for its space on G Street. While management has worked diligently to address those challenges, it was unable to obtain terms from its landlord that would permit it to continue operating and the landlord has proceeded with eviction. In light of this, we regret to inform you that Results Gym will discontinue operations effective March 15, 2016 at 11:59 p.m. Each of you will receive payment for your work through that date on the next scheduled payment date of March 18, 2016 via the normal payroll distribution method.
We thank you for your hard work during these difficult times and are extremely disappointed that we cannot continue offering the first-class fitness experience that Result Gym provided its members. We wish all of you success in your next professional endeavors.
Peak Performance V, LLC
t/a (trading as) Results Gym
It is not clear who or what “Peak Performance V, LLC” is, based upon a a superficial internet search.
However, court records reveal that proceedings were filed by Giddings Associates LC (the building owner) against Peak Performance V, LLC for unpaid rent last November. The court awarded Giddings Associates $737,195 plus $22,560 in attorney fees from Peak Performance. To see the case history, click here: http://bit.ly/1pvsgMu then enter Giddings Associates L.C. in the “company” box – then click “select” – then click “case details”
On Wednesday, Cwi Steiman, building owner and principal of Giddings Associates LC sent the following email to Results members:
As of today, Results Gym DC (RGDC) assumed the management of Results the Gym. Please know that the club will be open on the regular schedule, effective Thursday, March 17, and the change in management will not affect your membership privileges in any way. We will honor all membership commitments made by the previous management, and we will deliver excellent quality of service during the transition.
While there will be continuity in the staff and programs, our greatest priority is member experience, so you will soon see improvement in the club, including new equipment and better value for membership. RGDC directors have over 50 years’ experience operating first class clubs in the Washington area, and we are excited to bring our vision to Capitol Hill. Please contact us at firstname.lastname@example.org with your feedback, questions, and ideas for how we can best serve you.
Steiman, who with Forbes Ramsey – who as owners of Sports and Health Club chain in Washington in 2001 – partnered with Results founder Doug Jefferies to launch Results at Giddings School that year. Jefferies moved on to other endeavors in 2011.
It might be too early to breath that sigh of relief.
2 responses to “So, What’s Going On With Results The Gym?”
Gym was open for business this morning and I recognized some staff but there were new people at the front desk. The gym was very empty, it actually has been getting more and more deserted over the past several months but even more so today. I think this disruption may be the last straw for several people including me, and I also can’t figure out how changing the LLC on a piece of paper is really going to change the trajectory of the gym. They need to reach out to current members and offer better assurances and reasons for sticking with them. I will be checking out Balance and Vida to see what my best options are.
I feel this is likely a Band-Aid on a severed limb. I’ve always been irritated by the excessive membership fees, and the fact they cut special deals with some members. But in the past year Results became a dump: it had no air conditioning for days last summer and even had to shut down, but did members get any credit on the monthly dues for that? Half the cardio machines have broken audio. Good luck finding clean towels on shelves, or wipes in the dispensers. I know I’m not alone in staying there out of laziness, but I will now find a better, cheaper gym. It’s really a shame, but Results needs to go.