The Jetts gym in Sydney’s Haymarket is among a rising number of business failures recorded in November.
NSW recorded 132 businesses in the state becoming insolvent last month, the highest number in Australia.
The Jetts Haymarket gym, one of the largest in the Sydney CBD and a once-popular exercise location, was forced into liquidation owing creditors over $1.1 million.
The gym, which has seen its customer base reduced by the combination of lockdowns and an erosion of the student population in the central city area, shut its doors weeks ago.
The franchisee had been looking for a buyer to rescue the business, but no prospective owner wanted to acquire the sprawling site on Elizabeth Street.
The liquidation now sees creditors impacted by…