CHAMPAIGN — Gold's Gym in Champaign will close at the end of business Friday, the franchise owner said Thursday.
Matt Welsh said the gym, at 1914 Round Barn Road, had been battling a weak economy and increased competition.
He said a recent arrangement to sell the gym to a larger Gold's Gym franchisee fell through last Friday for reasons he didn't totally understand.
Welsh, who had operated the gym the last 5 1/2 years, said it had about 900 members, down from past years.
He said most members pay by the month, but some had prepaid their memberships.
"I'm not 100 percent sure what will happen with those prepaid memberships," he said.
Welsh acquired the gym in 2006 from Dan McCulley, who had converted his existing fitness facility, The Body Firm, to a Gold's Gym franchise in 1999.