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• 1. S

     Snap Fitness Franchisee needing Serious Help

     What is the name of your state (only U.S. law)? CA Here is my situation: I bought a Snap Fitness Franchise gym. I thought I did all my due diligence. I formed an LLC and signed everything as a principle member under the LLC. However, there was personal guarantee page that I signed stating that...

     • shortfu
     • Thread
     • Apr 13, 2016
     • Replies: 1
     • Forum: Business Contracts and Franchises
  2. S

     selling/closing a franchise business before lease ends

     I own a Snap Fitness gym in CA and operate it under an LLC. I recently ran into personal and financial difficulty that I need to sell the gym. I still not have met my obligated time yet. Snap HQ said that if closed my gym without its consent, I may be forced to pay the monthly club franchise fee...

     • shortfu
     • Thread
     • Mar 18, 2016
     • Replies: 5
     • Forum: Business Contracts and Franchises