Comments on: CURVES: Franchise Resale Buyer Cries Fraud

By: unhappy

unhappy — Wed, 17 Jun 2009 01:33:19 +0000

I wish I had a crystal ball and could answer that question. It has been on many owners mind and we are all hopefull that things will change as most owners love helping women reach their fitness goals. Only time will so if you decided to go on you should at least go to the yahoogroupcurvesowners site as they are a good resorce to help you stay open. Good Luck and God Bless you and your family.

By: Curves Owner 2

Curves Owner 2 — Sat, 06 Jun 2009 07:39:33 +0000

Will the lawsuit get rid of Gary, but Curves will go on. If so, should we hold on, in hopes that in due time, we may be able to make the money we need to pay off our debt?

By: unhappy

unhappy — Fri, 29 May 2009 23:56:33 +0000

the moral of the story is that even if the frachise is for sale for a buck thats right one losy dollar DON’T GET SUCKERED INTO THIS BUISNESS UNTIL THE CROOK HOWIE IS GONE OR YOU WILL BE VERY SORRY AND BROKE WITH NOTHING LEFT BUT TO FILE A LAWSUIT AGAINST THIS BLANTANT ASSHO—–

By: unhappy

unhappy — Fri, 29 May 2009 00:46:41 +0000

To all curves owners who have had problems with curves International and Gary Howie Havein please send your complaints to the BBB of your city and Waco TX. As well as the attorney general of your state and TX. And the federal trade commission. Below are web links where you can file the complaints on line.

http://www.bbb.org/

http://waco.bbb.org/WWWRoot/SitePage.aspx?site=40&id=ab5100aa-4c5a-4314-8e1b-f5996973f10c

http://www.oag.state.tx.us/consumer/index.shtml

http://www.ftc.gov/bcp/index.shtml

By: Curves Owner2

Curves Owner2 — Thu, 30 Apr 2009 17:36:08 +0000

You would think so, but you can’t win a fraud case like this. The seller sold 500 members per club. She was drafting 500 members and bringing in the income for 500 members. The buyer bought the assets. Yes, the seller was drafting deceptively, but it’s not against the law. Id this went to court, a judge would say, “The amount was coming out every month, it’s not the sellers fault, the women should have noticed it.” This is the problem. If there was a law that didn’t allowing drafting in this way, the buyer wouldn’t be in this situation.

By: Wipedout

Wipedout — Tue, 28 Apr 2009 04:27:28 +0000

How would the new owner have known the old owner was still billing members who had quit? I think the new owner’s got a good case.

By: Fayaz Karim

Fayaz Karim — Fri, 10 Apr 2009 19:18:08 +0000

Curves resale buyer

It is all about proper due diligence, seller’s disclosures, some seller financing (for insurance), and getting a second opinion from some qualified experts. What an amazing valuation methodology that defies all logic and reference to CASH FLOWS and an assessment of future revenue…….

mrfranchiseman, Franchise Valuations, Due diligence and more buyer services

By: Curves Owner2

Curves Owner2 — Tue, 07 Apr 2009 20:40:34 +0000

Jd, the seller made $400k profit in the first 2 years of owning the clubs, which means the seller made $200k profit each year, for 2 years. The buyer believed they had purchased 2 clubs with 500 members each, who knew they were paying for their membership. As the buyer in the article states, “When we bought the clubs, we switched from paper drafts to an electronic drafting system. A month later we started getting calls from women who were threatening to sue us for taking money from them without permission. I explained that I was the new owner, that they were still under contract, and based on my knowledge, the previous owner was drafting them when I bought the clubs. They argued with me and said they had cancelled their contracts, and they had not been getting drafted from Curves until we started drafting them. I asked them to bring in a bank statement from any month prior, and the current months statement. When they brought in their statements, we discovered that the previous owners draft was coming out as “Merchant”. They didn’t realize they were being drafted until they saw our “Curves” draft. Over the next 3 months, we had over 300 women cancel in each club.”
I don’t believe any amount of research would have given the buyer access to the fact that the previous owner was drafting these women deceptively. The seller would have had to mention this. Obviously, she didn’t.

By: CURVES: Franchise Overview & Links | Unhappy Franchisee

CURVES: Franchise Overview & Links | Unhappy Franchisee — Sun, 05 Apr 2009 13:57:47 +0000

[...] 2008 (20+ comments) Curves Franchise Posts – 2009 CURVES: Disturbing Resale Story April 1, 2009 CURVES: Franchise Resale Buyer Cries Fraud April 2, 2009 CURVES: 400 Member Club to Close March 27, 2009 CURVES: Dead Franchise Gets Irish [...]

By: Wipedout

Wipedout — Sun, 05 Apr 2009 05:28:27 +0000

I’ve heard one year’s revenue is a good selling price.