El Dorado County (Dec 29, 2024) – Ideal Health and Fitness Corp., the operator of UFC Gym locations in Folsom, Placerville, and Alameda, has filed for Chapter 11 bankruptcy protection. The filing, submitted on December 18, 2024, in the U.S. Bankruptcy Court for the Eastern District of California, lists liabilities totaling approximately $858,938 against assets nearing $320,000.<\/p>\n
The company’s debts encompass various obligations, including equipment loans, Small Business Administration loans, merchant cash advances, credit card debt, and unpaid rent. Notably, there is an outstanding rent amount of about $11,500 for the Placerville location at 4615 Missouri Flat Road. The largest creditor is identified as Mark Polli, with a claim of $88,000 related to an asset purchase agreement for the Folsom facility in July.<\/p>\n
Financial records indicate a decline in gross receipts for Ideal Health and Fitness this year compared to the previous year. From January 1 to the filing date, the company reported gross receipts of $1.003 million, down from $1.097 million in the prior year.<\/p>\n
The future of the UFC Gym locations in Folsom and Placerville remains uncertain. Both leases extend through June 2034, with the Placerville gym opening in 2021. Despite the bankruptcy proceedings, there have been no official statements regarding potential closures or operational changes at these facilities.<\/p>\n
It’s worth noting that other UFC Gym locations in South Sacramento and Rocklin operate under separate management and are not affected by this bankruptcy filing.<\/p>\n
As the situation develops, members and stakeholders of the affected gyms are advised to stay informed through official communications from Ideal Health and Fitness Corp. and the respective gym locations.<\/p>\n
For a visual overview and further insights into this development, you may find the following video informative:<\/p>\n