Health Club (2,800+ members)
The draft $70,538 settled
The fails 9.91%
Service Fee at 2% $1,410
Merchant fees $1,975 (credit cards and ACH)
Late fees $2,030 collected
Late fees returned to club $609
Profit share late fee amounts SHAPENET 70%; Club 30%
Actual monthly cost to the club $2,776 (Service Fee at 2% +Merchant Fees – Late Fees)
Competitor’s Costs $4,725 (Service Fee at 3.9% + Merchant fees)
Monthly Savings with ShapeNetFinancial $1,949 Actual Annual Savings $23,388
This is real data from a health club in Oklahoma.
Gold’s Gym (7,000+ members)
The draft $161,439 membership settled; $34,285 recurring PT settled
The fails 6.75% membership; 11.48% PT
Service Fee at 2% $3,914
Merchant fees $4,580 (credit cards and ACH)
Late fees $4,095 collected
Late Fees returned to club: $1,023
Profit share late fee amounts SHAPENET 75%; Club 25%
Actual monthly cost to the club $7,460 (Service Fee at 2% +Merchant Fees – Late Fees)
Competitor’s Costs $12,213 (Service Fee at 3.9% + Merchant fees)
Monthly Savings with ShapeNetFinancial of $4,753 and Actual Annual Savings of $57,036
This is real data from a 42,000 square foot Gold’s Gym located within one hour of Washington, DC. At June 1st, the membership totaled 7,200 and their Medallia score was 55.4.
SOLAJET selects ShapeNet software to control and manage their HYDROTHERAPY SYSTEM in a new wave massage system that provides Health and Wellness.
Go to www.solajet.com to learn more about this exciting service.Read More
Expand your reach by integrating mobile apps into your gym operations
Gym businesses usually have a limited clientele. However, as we live in a digital world, technology has evolved to allow gym businesses to expand their [...]Read More
How to keep your clients engaged and increase member retention?
A huge part of successfully running a fitness center is being able to keep clients engaged. Even though clients are often very excited to commence [...]Read More