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Orange County Gymnastics is Closing it’s Doors!

I wanted to begin by thanking all of you for your dedication and hard work. It has meant the world to us to have such great people to work with and build our dream. After four very challenging years filled with successes and hardships, it is with great sadness that I announce the closing of Orange County Gymnastics. This decision has not been easy, and I have just made it this week, as I have been in multiple meetings with my landlord over the past week and a half. He has known of our struggles and has helped me immensely through our time here in this building. We have been discussing all of our options, and I have decided that closing or selling would be the best thing to right now. I am still working on couple of potential buyers for the business.
Almost four years ago, my wife and I bought SportArt, an established gym in Chapel Hill. With a 25 year track record and an established clientele, we thought we were fulfilling a life-long dream to be gym owners. As you know, things quickly turned bad. The building had been severely neglected and the town decided that condemning the building, instead of repairing the issues, was in their best interest. This left us with a huge business loan and no option, but to try everything we could to make it work.
My wife and I have done everything we could to make the gym successful and no longer have the ability to keep it going. I have poured my heart and soul into the gym and it has taken away a great deal from me personally. I have not earned an income over the past four years and I now need to support my wife and family.
We will close the gym at the end of this month and try to sell the equipment to pay off the remaining business debt. I am sorry that it has come to this and I feel that this is the best choice for me and my family.
Without the support of our landlord and the numerous families we would not have lasted this long. Hillsborough is growing, just not fast enough to support our gym. Hillsborough just does not have the population density right now for us to have the number of clients we need to keep on going. In another five years it would have been successful, we just cannot hold on any longer.
I want to thank all of you again, for all the hard work that you have put into the gym and all of your support through the past four years.
Thanks,
Tim