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Colorado bonds

Colorado — Anytime Fitness Franchise Health Club Bond

Arrange health club security for a Colorado Anytime Fitness location. Colorado's long-term membership rules connect the bond to the club operator, individual location, and outstanding membership contracts.

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Recorded state
Colorado
Bond type
Health Club / Fitness Center Bond
Category
Healthcare & fitness

What this bond does

This health club offering concerns security for a named franchise location's membership obligations. The Colorado Attorney General describes a bond-based route for qualifying contracts lasting more than twenty-four but no more than thirty-six months.

Who needs it
Anytime Fitness franchise operators arranging Colorado health club security for membership contracts subject to the long-term contract provisions.
Who it protects
The statutory security benefits buyers injured if the club closes before their membership contracts expire. It is separate from premises liability and member injury insurance.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Check the membership contract duration

The Attorney General's guidance addresses actual or financial contract duration, including renewal options. For the described twenty-four-to-thirty-six-month arrangement, the club must have operated in Colorado for more than two years and satisfy the listed conditions.

A franchise name alone does not determine the contract category. Review the membership agreement used by the legal operator at the specific location.

Prepare location-based security

The guidance specifies $100,000 aggregate bond security for each club location, payable to the state for affected buyers. Security remains in place while the covered long-term contracts are outstanding.

Cancellation involves advance notice and written Attorney General consent. Keep the club's membership commitments and security records together when planning a sale, closure or change in contract terms.

Apply for the franchise location

Select Purchase Now for this Colorado Anytime Fitness offering. Provide the franchise entity, club address, membership contract and Attorney General form.

Submit the executed security according to the Attorney General's filing instructions. The premium and business insurance are separate from the statutory bond amount.

Sources

Have these ready

  1. Franchise operator's legal name and club location.
  2. Membership contract, including renewal options.
  3. Club operating history and required state form.
  4. Outstanding contract and continuation records.

Questions about this bond

Does every gym need this $100,000 bond?

The cited provision concerns a particular long-term membership arrangement. Apply its conditions to the club's actual contracts.

Is security calculated per franchise brand?

The Attorney General's guidance specifies $100,000 for each club location under the described arrangement.

Does it insure workout injuries?

No. The described bond protects buyers against losses tied to closure before contract expiration.

Can the operator cancel as soon as sales stop?

Covered contracts may remain outstanding. Follow the state's notice, consent and continuing-security requirements.

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