Gym Valuation Multiples

gympass-review

It is important to take care of your health and well-being. However, with how the world works, only the most dedicated people have the time to do regular exercise and meditation. People are often so busy working that they don’t have the time to exercise, and instead use it for resting.

Although it is not the company’s responsibility to determine what employees do with their time, it would be in their best interest to help them move in a more active and healthy direction. Regular exercise is known to improve health and lead to better company results.

However, it would be wrong if the company mandates employees and forces them to an exercise regimen. This is not necessary unless the company has an army or other job that requires employees to be fit.

So what would be a good way to go about this? It is a good idea to help them find what they want. It is best to provide them with a good and accessible way to pursue exercise or go to the gym.

That is where Gympass comes in.

gympass-logo

For those of you who prefer a more visual experience, here is a video review from Adriano Pianesi on his YouTube channel. To get a comprehensive overview of Gympass, you may still want to check out our article below.

What is Gympass? Gym Valuation Multiples

Gympass is a health and fitness platform and application that helps users follow an active lifestyle. Gympass makes it possible for users to have access to different tools that allow for a healthy lifestyle.

It was the brainchild three entrepreneurs. Cesar Carvalho. Joao Barbosa and Vinicius Feriani. These three are currently the highest-ranking members of the Gympass echelon.

Carvalho is currently the Global Chief Executive Officer and is currently based in New York City. Joao Barbosa takes over the task as the Global Head of Partnerships or Gyms and is currently living in Milan, Lombardia, Italy. Lastly, Ferriani serves as a board member and adviser.

Often, people are discouraged by the difficulty of accessing something.

Consider the early days for Netflix. There was a drop in piracy rates when Netflix and online streaming were still in their infancy. People finally found one platform that offered everything they needed.

People were again unable to access certain shows when other streaming platforms came on the scene and made certain films or shows available only to them.

Many people returned to piracy because of the competition and high levels of saturation on these websites.

Despite streaming platforms becoming saturated, piracy has returned to an all-time high.

So how does this connect with Gympass? Well, think of it as an allegory.

Imagine Gympass being the streaming platform and the various gyms and health-related services the channels and shows. Wouldn’t it make sense for people to get up and try the gym because they have easy access to it?

Gympass is a platform that allows you to access thousands of fitness studios and gyms around the world. These even include personal trainers and nutritionists all in one service. With its range of features and resources, users have little excuse for why they should fail in their fitness goals.

Other highlights that Gympass provides include workout plans, tracking tools, and support from a huge Gympass Community.

exercising-with-instructor

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Gympass, not Classpass

One of Gympass’s main competitions is Classpass. Both have similar names, which is why it is easy to understand why. One of the biggest differences between them is how they are presented and which markets they target.

To put it bluntly, Gympass is a service that sells its services to businesses and companies to be offered as a benefit to their employees. A Gympass Subscription is not available to individuals. Meanwhile, Classpass is only for individuals.

Gympass is a corporate platform that helps companies to ensure their employees’ health and well-being. It can be used to meet the health and lifestyle needs of the entire team and their families.

Gympass benefits are offered by employers to employees. This gives them the best brand of well-being. Gympass strives to make well-being accessible and universal for all people.

This makes Gympass an important force in the fitness industry. With such a unique system, It could change attitudes about health and wellness. It will not only positively impact the physical and mental health of the workforce but also have the potential to improve their mental health.

The Gympass Reach

Many large companies have partnered with Gympass to offer their employees health and wellness benefits. This is a testament to Gympass’s legitimacy and reach.

Gympass serves a number of major companies, including Tesco (a British supermarket and grocery chain), Activision Blizzard (“an AAA game development company”) and Unilever (yes Unilever).

Gympass has also partnered with many well-known boutiques as well as national gyms. Here are some highlights:

  • LA Fitness
  • Snap Fitness
  • NYSC
  • UFC Gym
  • Chicago Athletic Club
  • Genesis Health Club
  • Life Time Gym
  • Y7 Studios
  • Pilates Reforming
  • Moxi3
  • There are many more.

Gympass is also expanding into other countries around the globe. This includes a steady expansion throughout Western Europe and Latin America.

In the United States, it can be accessed in New York, Los Angeles, San Francisco, Chicago, Atlanta, Miami, Nashville, Houston, Minneapolis, St. Louis, and Kansas.

Its global network currently has about 30,000 to 40,000 workout facilities.

dancing-together

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Gympass for employees

Gympass, as mentioned earlier, is a unique platform that allows people to discover active lifestyle activities. They encourage people to get fit wherever and whenever they want.

As such, Gympass users have access to a global pass that provides hassle-free access to any partner fitness facilities, provided it is within their membership tier, in any Gympass City. You will find an active Gympass facility near you thanks to the thousands of partner facilities.

So what does Gympass offer? Well, it gives members unlimited access to any class, session, or activity daily without penalties. Should anyone want to cancel, they would be free to do so without even paying cancellation fees.

Gympass provides access to a healthy lifestyle that is as flexible as possible and as hassle-free as it can be.

Gympass for Employers

Gympass can be an awesome and novel benefit provider. Gympass subscriptions are a great way for employers to give employees the chance to live a healthier life. This would not be just a pizza party, but a benefit they can use.

Through the Gympass network, Employees will benefit from many gyms and other active lifestyle facilities such as running, climbing, meditation, yoga, fitness classes, etc. Employers can be sure their employees are well-informed and healthy.

Through working with Gympass, Human Resource departments of corporations can look at analytics and counsel that may help increase activity within a partner company’s workforce. These companies also do not need to worry about Gympass since they are very transparent.

Gympass provides analytics and insight into employee activities. HR can use this information to make informed choices that benefit both the employees and the parent company.

Overall, Gympass can provide companies with

  • An opportunity to improve the health of their employees
  • Reduced healthcare costs
  • Verified ROI of a company’s Quality of Life Program
  • A good offer to attract talented employees with

old-woman-balancing

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Gympass has many benefits

Gym pass has earned a good reputation over the years and gained a lot of followers. It is not just a health and fitness platform anymore.

Gympass has become a community. It is a community of like-minded individuals who are committed to living a healthier lifestyle. It is not fun to exercise alone. With friends from Gympass, you can get motivation and support from these people to reach your fitness goals.

Aside from that, Gympass also provides these benefits:

  • You have access to thousands of fitness locations

Gympass multiple partnerships with thousands and thousands of gyms and other fitness places ensure that there is a place for you to work out, no matter where you are.

These partnerships include over 50,000 gyms. Gold’s Gym, Barry’s, LA Fitness, UFC Gym, and Soulcycle are just to name a few of these partners.

You can be anywhere you want, but as long as you’re part of Gympass cities, you will never run out of places where you can move, get it done, and burn the cholesterol.

  • Affordable Plans for Every Budget

Gympass offers affordable pricing for their customers whether they are employed in a Gympass-partnered workplace. Individuals cannot access the program on their own, despite the low price.

A subscription to Gympass can start at the lowest possible price of $9.99/month, depending on the plan. Getting an annual plan also can net you more savings.

Keep in mind that Gympass is available to companies at a different price than other companies. The price of subscription plans can also vary from one company to the next.

Payment methods will also differ from company to company depending on the agreement between Gympass and your company.

  • Schedule your Workouts in a Convenient Way

With access to multiple gym outlets anywhere around the United States and select countries, users can basically schedule a flexible time whenever they want to go work out.

Gympass provides an online scheduling tool to ensure you do not skip an exercise session. This tool even allows you to find and book workouts whenever convenient for you.

Gympass just basically annihilates the time wasted in figuring out when and where to work out.

  • Motivating Challenges and Rewards

Gympass is more than just a gym. It is also a chance to challenge yourself and reach your goals. Basically, Gympass adds a gaming aspect to working out as a way to motivate users.

Gympass offers another incentive to users who reach their fitness goals consistently.

  • Online classes and virtual personal training

For those who are too busy outside or who cannot schedule a time to visit a gym or a studio, Gympass also allows for a 1:1 virtual personal training. Employees and users can continue their workouts at home.

  • Mental Health Support

To ensure a healthy lifestyle, we must also look at our physical health. Looking at mental health is also crucial for a person’s well-being.

Gympass, in its pursuit of a healthier and more active workforce, includes mental health support to ensure that users are also mentally healthy. The service includes professional online therapy to help in this aspect.

  • Workout with the Family

It is more enjoyable to exercise with loved ones. Gympass allows you to add your loved ones into the Gympass program. If you want, you can add up to three dependents to your Gympass account.

Of course, these dependents will have to have their own payment methods. This feature can be limited by the parent company.

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How To Use Gympass

Sign up

Gympass is not offered to individuals. Gympass is only offered to companies, and these companies or workplaces will offer Gympass as one of their benefits. Gympass is only available to employees of these companies.

A potential customer will receive an email if he is eligible to sign up for a Gympass subscription. The email will be sent within 30 days after the company partners with Gympass. If the company is already partnered with Gympass, the new employee will receive it on the first day of work.

The user will then download the Gympass App and click the Sign-up button to sign up. The user will then choose the name of the Gympass company from which he/she received Gympass.

Sign-up will require your employed ID and email address. Your name might be one of the other required fields. You will receive an email with a 4-digit code after you sign up. Gym Valuation Multiples

The same email address that you used to register for Gympass is yours. To complete your registration, enter your four-digit code. Click “Finish Registration”

P.S. Contact customer service if you fail to receive the four-digit verification code. They will update your email and move forward with the registration process.

Plans for activating the Gympass

You must first understand the activities available with each plan. It will vary depending on the plan you choose. Keep in mind that each company has a different value for the plans they offer. This will depend on how much Gympass costs your company.

After you have completed your registration, the app will display the available plans. The prices indicate how much each plan costs. Your company’s contract will determine the payment method.

Gympass can be paid either by deducting it from your payroll, or charging it to you credit card.

If you select the payroll payment option, your first month’s Gympass payment will be larger.

You will need to pay for the full amount of your chosen plan and the proportional value between the day you started using the app and your company’s determined billing date.

Are you looking for a gym?

Now that you have registered for a Gympass account and have activated your plan, it is time to use it. The first thing you need to do is find a gym where you can exercise.

Looking for a gym is a very straightforward process.

Click on Search in your Gympass app and then browse the map. To make the app work properly and accurately, you must have your GPS activated and turned on.

A gym can be found by searching by an activity, address or name. Even when searching for a gym, you will need a Gympass account to see which one is connected to their network. Gym Valuation Multiples

The map will then pull up and indicate the closest partner gyms from your GPS location. If you want to find out more details about the gym, click on the purple dots.

Click on the name of the partner gym to view which plans and activities are available.

Checking in to Gympass

Once you have found your gym, it’s time to check-in and use your Gympass.

You can only access a gym, participate in an activity or take part in a class if you check-in. As such, you must be in the gym or studio’s premises before checking in. A good distance is about 100 meters near the location.

Check-in should also be done on your cell phone with the Gympass App.

Upon arriving at the activity’s location, open your Gympass App and then click on the “Check In” tab. Select the current location and confirm your check in.

Sometimes, the gym or studio may not appear in your app. Check the following to see if this happens:

  1. Your plan is active
  2. Your plan should include a gym
  3. If the address of the gym in the App matches your geolocation address in your phone,

You can only check-in once per day. You can only visit one gym each day. You can visit multiple gyms within a single month. Gym Valuation Multiples

You don’t need to log-in for Partner Apps. They are free to use and you can access them at any time.

Managing Dependent Accounts

One good thing about Gympass is that it allows you to include your dependents in the app. This feature is at the company’s discretion. If your company offers this feature, then you are in luck.

Check your profile settings to see if this option is available. If your company offers this feature, a “dependents tab” should be visible. If not, you are not allowed to add family members to your Gympass account.

First, check to see if your plan has been activated before you can manage the accounts for your family members. You can then register them. You can then create a password to activate a plan.

Up next, you must add a payment method for each family member. You can only add three dependents to Gympass. Only your partner and children are considered as dependents.

Each family member will have their own profile and account. These accounts will work in the same manner as regular Gympass accounts. They can search for gyms, check in for activities, and more. Gym Valuation Multiples

Just because they have an account does not mean they can enjoy it permanently. A corporate user can cancel or change a plan for a family member.

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Gympass Prices

With the exclusivity of having the Gympass limited to employees of certain companies. You might think that expensive plans are possible. Well, nothing can be far from the truth.

Gympass is affordable for all budgets. The company encourages active and healthy lifestyles through Gympass. Gympass plans start for as low as $11.99 per month.

Of course, Gympass plan pricing and availability will depend on your head company’s contribution to Gympass itself.

Gympass offers the following tiered plans:

Starter Plan

Price: $11.99 per month

This plan is the most affordable on Gympass. It is great for anyone who is just starting out their workout journey. This plan includes beginner Live Classes and as well as easy-to-use apps. Gym Valuation Multiples

Gym Highlights: Blink Fitness, Snap Fitness, Esporta Fitness, EoS Fitness, Youfit Health Clubs

App Highlights: Strava and Fabulous, LesMills+ Lifesum, Meditopia, and Meditopia

Basic Plan

Price:$30.99 per month

The Basic Plan expands your options in fitness for a little bit. It provides more options and choices on what you want to do while not being too expensive.

Highlights from the Gym: LA Fitness, Crunch NYSC, YMCA and Yogaworks

App Highlights: Tempest, Ekilu, Synctuition, Roots, Kemtai

Bronze Plan

Price: $55.99 per month

The Bronze plan is designed for those who are committed to their fitness goals, but want to keep it affordable. This plan offers more resources for working out at home, as well as live classes that can be streamed from top Gyms.

Gym Highlights: Tremont Athletic Club and UFC Gym, Chicago Athletic Club and Fitness SF. Austin Bouldering

App Highlights: Calm

Silver Plan

Price: $89.99 per month

This plan is designed for those who are serious about their exercise routine. You can now create your own personal fitness program by having access to a network personal trainers who are available via video conference for 1-on-1 sessions. Gym Valuation Multiples

Gym Highlights: Fit Athletic, O Athletic and the bar Method.

App Highlights: Trainiac by Gympass

Gold Plan

Price: $159.99 per month

This is for people who are going to the next level. This plan gives you access to top Gympass gym partners. You will also receive more personal training sessions and more specific feedback.

Gym Highlights: Exhale, Life Time, ‘Y7 Studios, Barre3(r), F45

App Highlights: Kwit and IF

Platinum Plan

Price: $239.99 per month

This plan is for those who like to push themselves further. You have access to many gyms and studios. These plans also include other benefits and features that were included in the previous plans.

Gym Highlights: Barry’s, The Dailey Method, [solidcore], SoulCycle Gym Valuation Multiples

App Highlights: YesHealth

Diamond Plan

Price: $270.99 per month

This plan is for those who truly want it all. The Gympass Diamond plan offers the most exclusive experience. The Diamond plan gives you access to all partner gyms, studios. This plan also includes app partners and personal trainers.

Gym Highlights: Moxi3, Pilates Reforming, DanceBody, SLT

App Highlights: SupportRoom

Gympass Experience

Gympass was an option that I was able to use in my job. Since it was already an added benefit, I went ahead and tried it.

Of course, I first subscribed to the most affordable plan, which is the starter plan.

I recommend that you check first which studios and gyms are open if your plan is to use their service. In my case, I was lucky enough that there were a few who were partnering with Gympass in my area.

Nevertheless, I did need to travel at times. That was when I reached my destination. Only the higher plans had access to the gyms. During those times, I was out luck.

Thankfully, virtual trainers were available for me during that period, and I took advantage of those. These sessions can only be booked up to eight per month. If you are interested in booking these sessions, you will need to make an effort.

One thing I like about Gympass is that I must check in daily. If I miss an appointment, I must pay a fee. This kind of incentivized me to follow my workout routines. Lo and behold, I’ve lost a lot of weight since starting the service. Gym Valuation Multiples

As of today, I’m still using the app. Actually, I upgraded my plan. And I can say I am very happy that I did. Upgrading my plan allowed me to access more gyms and be studious. These studios provided interesting activities that were most enjoyable.

Gympass Pros and Cons

Pros

  • A revolutionary way to keep a healthy and active lifestyle
  • Access to a huge number of gyms around the United States
  • Affordable starter plan
  • You have access to a variety of workout options, including 1-on-1 sessions and streamed classes
  • Online therapy can help you with your mental health
  • There are dozens of partnered applications for health
  • Allows you to include your dependents (significant other and children)

Cons

  • Membership is only available if your company is offering it as a benefit
  • Adding dependents is only possible depending on your company’s preference
  • Maximum of 3 dependents
  • A bit slow when removing gyms that have stopped participating in their service Gym Valuation Multiples
  • One check per day is allowed.

Gympass Final Thoughts

Gympass could be the future for fitness and an active lifestyle, especially for employees. They have figured out a way to really promote health and wellness to employees of a company.

Gympass seems to be a win-win situation. The employee gets to stay fit, while the employer can keep them happy and boost their activity, energy, and performance.

It seems that both the employer and employee have received their fair share of the service.

I guess the only glaring downside would be the fact that it is unavailable to single users. Gympass seems to have found a solution that works for them, as they are now making more money from their business model.

Gympass Frequently Asked Questions Gym Valuation Multiples

What is Gympass?

Gympass is an innovative solution for those who want to live a healthier, more active lifestyle.

How does Gympass work?

Gympass connects people to thousands of fitness partners and gives them easier access to facilities that can improve their well-being and lifestyle.

How Do I Get Gympass

Gympass is only available as a worker’s benefit.

Gympass partners must be established by your company to gain access to Gympass. You can then register for any of the Gympass plans and sign up.

I am self-employed. Can I get access to Gympass?

Yes.

You will still need to purchase an annual Gympass Subscription for your business. You will then need to pay the subscription fee for Gympass for employees.

Can a company fully pay (subsidize) Gympass for employees?

Yes, it is possible to fully subsidize Gympass plans for your employees.

Just contact Gympass customer service, and you can discuss it with their team.

What is my company’s gain by giving Gympass to employees?

Gympass generates reports that can be used by employees to help them live a healthier lifestyle.

This can be accessed by the provided custom HR Portal provided to the company’s HR department.

How do I check-in?

You can check in through the Gympass App under the Check-In tab.

Only one check-in is available daily. This check-in can be used for personal or live gym classes, studios, or personal trainers. This means you can only access one gym per day, but you can access multiple gyms in one month.

Can I cancel Booked classes?

Cancellation of booked classes is possible as long as the cancellation deadline coincides.

You will be charged a late cancellation fee if you cancel outside this cancellation deadline.

If you need to cancel a personal trainer booking, please do so within a reasonable amount of time. The recommended time would be at least 5 hours in advance. This is to consider the full half hour the personal trainer is allotting for you.

Can I bring a friend with me to the gym?

Gympass memberships do not include guests.

Gympass has partnered with many gyms. The company pays each gym per visit, and it only pays for those subscribed to the service.

Can I add my Family to my Membership?

You can add dependents to your Gympass Account.

However, you are only limited to 3 dependents per account. Each dependent account must have its own payment method. A

This feature is only available to companies that have it.

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