JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…read more
New owner takes on Fernwood Loganholme Franchise
Magnolia Capital has become the new owner of the popular Fernwood Fitness Loganholme gym on Brisbane’s southside - which was recently the subject of insolvency under previous owners.
Magnolia Capital, led by founder and Chief Executive Mitchell Atkins, has proposed to take over all outstanding employee entitlements, offered all existing employees new roles, continued relationships with existing contractors including trainers, reaffirmed all club memberships and fully capitalised the business to operate independently moving forward.
Atkins notes “Fernwood are 100% supportive in our quest to build the Loganholme branch up to the standard its members and employees deserve.
“From the Employee benefits, through to club member notifications and a clear plan for growth and improvement moving forward, we will be working closely with them every step of the way.”
Looking forward, Atkins advises that the team at Fernwood Loganholme are looking forward to putting this period behind them and getting back to what they do best - helping the local community to live their best and healthiest lives.
Atkins added that speaking with the team at Fernwood Loganholme made it clear the club is a thriving mecca for health and wellness.
Insolvency and Business Recovery at Hall Chadwick, Partner David Ingram also confirms this as a positive outcome for Fernwood, the Loganholme community and most importantly the staff of the business.
5th November 2019 - Fernwood Loganholme franchisee goes into liquidation with $1 million debt
23rd September 2019 - Operators of Fernwood Loganholme enter administration owing $1.1 million
15th December 2016 - Fernwood Fitness surpasses fundraising goal with $128,291 donated to BCNA
29th November 2016 - Fernwood Fitness to partner Melbourne women’s AFL club
10th November 2016 - Fernwood Fitness reaches halfway point in Breast Cancer fundraising
30th October 2015 - Fernwood Fitness aims to raise $100,000 for Breast Cancer Network Australia
7th August 2015 - Fernwood Fitness joins Mudderella as its Official Gym Partner
28th July 2015 - Fernwood Fitness plans for women to Lift the Nation
5th March 2013 - Fernwood Fitness opens its doors to mark International Women’s Day
8th March 2012 - Fernwood Fitness marks International Women’s Day with free admission
3rd March 2008 - Fernwood Goes Bolly!
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
Otium Planning Group is a contemporary sport and leisure consultancy providing services in planning, facility development, management and funding for the sport, recreation and leisure industries…read more
SimplySwim is a school management solution that helps swimming school owners and managers optimize operations by automating functions such as managing class schedules, billing and…read more
With industry leading solutions in design and durability you can improve your facilities with our access control operations, payment systems and flexible personal locker storage solutions. Your…read more
Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!