60 Franchisees File Petition Against Women's Fitness Franchise

According to a report on franchise discussion site FranchisePick.Com, hey have filed a petition for damages in the Circuit Court of St. Louis County against AABB FITNESS HOLDINGS, INC. (formerly known as CONTOURS EXPRESS, INC.), CONTOURS EXPRESS, LLC, and franchise broker JAMES E. HOGG (dba Franchise Visions), alleging fraud and breach of contract.

Among the numerous complaints, each of the plaintiffs allege that the Contours Express UFOC dramatically understated the cost of building out and operating a location, that the owners of Contours Express and their representatives also made “earnings claims” or verbal pitches regarding profitability, and that the typical franchisee’s working capital was exhausted soon after they opened their location and most could not service a debt load of 50 to 100 percent greater than they had been led to believe. The suit also alleges that Contours Express provided little or no support to the franchisees and once the stores were opened, very few of the franchisees were ever visited by representatives of the franchisor.

READ THE ARTICLE HERE: Franchise Dreams Becoming Nightmares for Many Fitness Club Owners

Related reading:

Is Contours Express a Great Fitness Franchise?

Is Curves for Women a Good Franchise Investment?

IS BUTTERFLY LIFE A GREAT FITNESS FRANCHISE?

Will the REAL Butterfly Life Franchise Please Wave Its Wings?

The Contours Express Second Amended Complaint for Damages document, Uniform Franchise Offering Circular (UFOC) and other documents are available in the FranBest.Com franchise document library.

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New blog targets returning war vets

Franchise industry blogger Joel Libava has started a new blog, The Franchise Blog 4 Vets. 

According to Joel Libava, a Cleveland, Ohio franchise expert/consultant, this is the first ever blog on franchising that will be focused on war veteran’s returning home from Iraq, Afghanistan, and other areas. 

Joel has real world experience helping veterans get into franchise/business ownership, including assistance in gaining discounts and advantages available to veterans through the VetFran program administered by several US Government agencies.   Joel also has been involved with the non-profit group, Disabled Veteran’s Associations, as an expert speaker for the past several years.
According to Libava:

“When veterans return from combat duty, they are given so many options; they need help sorting through them. In addition to traditional employment resources, this blog will help educate and inform veterans about franchising, and the opportunities that exist. Traditionally, veterans make excellent franchise owners, because of their intense process and procedural training designed to help them follow a plan. After all, the franchise model is all about following a plan.”

Libava hopes to help veterans around the country investigate the right franchise opportunities, and interested veterans can call Joel toll-free at 1-800-460-4299 to learn about this FREE franchise matchmaking service.

In addition to this new franchise blog, Joel also owns The Franchise King Blog, The Ohio Franchise Center Blog, and a franchise website, State Franchise Centers.com®.