tag:blogger.com,1999:blog-20630115271824106062012-02-16T16:42:04.816-08:00FranBest.Comhttp://www.blogger.com/profile/06613195102058882257noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-2063011527182410606.post-21178151467002042792007-09-25T12:50:00.000-07:002007-09-25T12:53:19.255-07:00Source: <a href="http://www.franchisepick.com">FranchisePick.com</a><br />According to <a title="contours express franchise" href="http://www.franchisepick.com/franchise-dreams-becoming-nightmares-for-many-fitness-club-owners/" target="_blank">a report</a> on franchise discussion site <a title="franchise information" href="http://www.franchisepick.com/" target="_blank">FranchisePick.Com</a>, hey have filed a <a title="CONTOURS EXPRESS LAWSUIT" href="http://www.franbest.com/?page_id=323" target="_blank">petition for damages</a> 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. <p>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.</p> <p><strong>READ THE ARTICLE HERE:</strong> <a href="http://www.franchisepick.com/franchise-dreams-becoming-nightmares-for-many-fitness-club-owners/">Franchise Dreams Becoming Nightmares for Many Fitness Club Owners</a></p> <p>Related reading: </p> <p><a title="contours express franchise" href="http://www.franchisepick.com/302/" target="_blank">Is Contours Express a Great Fitness Franchise?</a> </p> <p><a href="http://www.franchisepick.com/is-curves-for-women-a-good-franchise-investment/">Is Curves for Women a Good Franchise Investment?</a> </p> <p><a href="http://www.franchisepick.com/is-butterfly-life-a-great-fitness-franchise/">IS BUTTERFLY LIFE A GREAT FITNESS FRANCHISE?</a> </p> <p><a href="http://www.franchisepick.com/will-the-real-butterfly-life-franchise-please-wave-its-wings/">Will the REAL Butterfly Life Franchise Please Wave Its Wings?</a> </p> <p>The Contours Express <a title="franchise library" href="http://www.franbest.com/?page_id=323" target="_blank">Second Amended Complaint for Damages</a> document, <a title="franchise ufoc" href="http://www.franbest.com/?page_id=323" target="_blank">Uniform Franchise Offering Circular</a> (UFOC) and other documents are available in the FranBest.Com <a title="franchise library" href="http://www.franbest.com/?page_id=323" target="_blank">franchise document library</a>. </p> <p><br /><a href="http://feeds.feedburner.com/%7Er/Franbest/%7E6/1"><img alt="A-Franchise-A-Day! by FranBest.Com" src="http://feeds.feedburner.com/Franbest.1.gif" /></a> </p> <p>Discover the best <a title="coffee franchise opportunities" href="http://www.franbest.com/coffee" target="_blank">coffee franchise opportunities</a> at FranBest's Coffee Franchise Guide </p><p>Where to promote your <a title="top new franchises" href="http://www.topnewfranchises.com/" target="_blank">top new franchise</a>? Start with <a title="top new franchises" href="http://www.topnewfranchises.com/" target="_blank">Top New Franchises</a>.</p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2063011527182410606-2117815146700204279?l=healthclubfranchise.blogspot.com' alt='' /></div>FranBest.Comhttp://www.blogger.com/profile/06613195102058882257noreply@blogger.com0