How a Cycling Studio Can Survive COVID-19

There are no guarantees in business. You may have had a thriving business at the start of 2020 only to find that you are now hanging by a thread. A lot of businesses are in that position. For instance, Cyc Holdings just filed for bankruptcy. As a nationwide operator of cycling studios, the company has not recovered from the lockdowns imposed earlier this year. How can the company, or any cycling studio, survive COVID-19?

Mcycle spin studio

Bloomberg reports that CYC Holdings has filed Chapter 11 in Delaware in hopes of continuing to operate while they pay off their creditors. They are seeking legal relief from their lease obligations as well. This suggests they will be closing down at least some studios.

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