F45

F45 gyms are dropping like flies with debts in excess of $100000 in several cases, leaving behind a trail of devastated customers and landlords.

Only, the premises were locked. “This notice is given by the landlord to the tenant to confirm that in accord with the written lease granted by the landlord to the tenant and dated November 11, 2019 the landlord now re-enters and takes possession of the premises in the name of the whole as a result of the breach of lease obligation on the part of the tenant to pay rent and/or other monies to the landlord,” the other says. Adam Gilchrist and Rob Deutsch founded the company in 2013 in the Sydney suburb of Paddington and it expanded across Australia and even globally. [gym equipment branded with the F45 logo](https://www.news.com.au/finance/business/retail/multiple-f45-training-gyms-collapse-equipment-up-for-sale-on-facebook-marketplace/news-story/0e79a618951ad0178c46c3b0f1846f21) was being sold on Facebook Marketplace in a massive bargain for buyers. On Monday, both the South Yarra and Port Melbourne branches of F45 in Victoria had a winding up application taken against them. Peter Malone of CRS Insolvency was the appointed liquidator, and a company spokesperson advised news.com.au the company has ceased to trade in March that year. The appointed liquidators of all three, Murray Daniel and Travis Pullen of B&T Advisory, told news.com.au that each gym had racked up debts of $100,000 to creditors. Just a month later, a Melbourne F45 branch in the suburb of Sunshine also went under. “The tenant is given notice that the landlord has retaken possession of the premises in the name of the whole pursuant to its rights under a written lease dated November 11, 2019,” one of the eviction notices reads. Meanwhile, over in the state of Victoria, another F45 franchise had to be abruptly shut down after it racked up tens of thousands of dollars in unpaid rent. F45 gyms are dropping like flies with debts in excess of $100,000 in several cases, leaving behind a trail of devastated customers and landlords. “The last two years my wife joined and loved it, it was a great thing to do with my wife for bonding,” he said.