CURVES FRANCHISE: Negotiating Closing Fees
Struggling, failing, soon-to-close and closed Curves franchise owners regularly share information, advice and mutual support to each other on the Unhappy Franchisee website.
One of the frequent topics is the club closing procedures, and how to negotiate with Curves International in regard to their demands for a $10,000 “failure fee,” often tens of thousands of dollars for “future royalties,” and the Curves International policy that forbids Curves franchisees from selling their own equipment.
From the post CURVES: Robert Lay’s Story, here’s a recent exchange regarding the $10,000 closing fee:
Donna Submitted on 2009/10/08 at 2:41pm
HELP!!! I have read some of the horror stories listed. I to have to close my club. I can not get anyone to return my calls from CI. I do not know what to do. I have had my club almost 7 years and have paid my dues. I do not have 10,000 dollars. Because of
the recession I have to close. I love my members and hate to dissapoint them but I have no choice. The closing packet was sent to me but I’m scared to send it in. Is there any help out there? I have to do what I need to do today. Will they let me out without the 10,000 fee. Has anyone out there been in my shoes. Please someone respond as I need advice and help NOW.
Read the Curves franchisees’ responses and advice here:
CURVES: Negotiating the $10,000 Closing Fee
WHAT DO YOU THINK? SHARE A COMMENT BELOW.
Image: FranBest.com Franchise Information
Post from: Franchise Pick