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SNFW Fitness B.C. Ltd.
SNFW Fitness B.C. Ltd. (the “Company” or “SNFW”) operates 27 fitness facilities located in the Lower Mainland and on Vancouver Island.
SNFW fitness facilities are doing business as “Steve Nash Fitness World and Sport Club”, and under “UFC Gym”.
SNFW offers fitness facilities for personal use, fitness group classes, personal training and, in certain locations, mixed martial arts training.
On April 3, 2020 the Company filed a Notice of Intention to make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act.
On April 27, 2020, the Supreme Court of British Columbia granted an order approving the sale process for the solicitation of offers for the sale of the assets and undertakings of Steve Nash Fitness World Ltd. (the “”). A copy of the Sale Process Order is available on the link below.
The Bowra Group Inc. has engaged MNP Corporate Finance (“”) to commence the Sales Process.
The deadline to determine a successful bidder was May 29, 2020. On May 27, 2020, The Bowra Group Inc. extended the time to select a successful bidder to June 5, 2020.
On June 17, 2020, the Supreme Court of British Columbia granted an order extending the time for Steve Nash Fitness World Ltd. to file a proposal to August 3, 2020.
On June 16, 2020 It was announced that a group of investors has acquired the rights to Steve Nash Fitness World & Sports Clubs.
The new ownership team has already made a commitment to honour all service agreements, whether they were pre-paid memberships or personal training services, as they understand that was a big question for many. Monthly dues will also be honoured and remain the same as the clubs re-open.
For more information please see below for the press release: