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Franchise Pick

Archive for the ‘Cuts Fitness (RIP)’ Category

June 20th, 2008

When & Why Do Franchisors Offer Franchisees Buy-out Agreements?

(FranchisePick.Com) If a franchisee fails in the second year of their 10 year franchise agreement, odds are the franchisor can hold them responsible for the estimated future royalties on the remaining 8 years of the contract.
While rarely collected, the threat of “future royalties” can be a big stick used to demand a reduced […]

By Sean Kelly -- 3 comments

October 25th, 2007

CUTS Exec: Male-Only Fitness Club Idea Bombed

(FranchisePick.Com)  After stories and franchisee comments began to appear on FranchisePick.Com (see links below), Cuts Fitness for Men managing director Steven Haase has publicly acknowledged that Cuts Fitness for Men “bought out” the franchise agreements of each of its franchisees and shut down its franchise program in June, 2007.  As reported in a previous post,  Former franchisees continue […]

By Sean Kelly -- 1 comment

October 11th, 2007

Cuts Fitness Franchisees "Bought Their Way Out," Ex-Owner Claims

(FranchisePick.Com)  Part 3 in the Mysterious Disappearance of Hot New Franchise Cuts Fitness for Men series.  See related articles at  Blogliography: 30 Minute Fitness Franchises.
In Part 2 we asked: “A little more than a year ago, Cuts Fitness for Men was a “hot new franchise,” and one of the “fastest growing fitness franchises in […]

By Sean Kelly -- 15 comments

October 11th, 2007

Mysterious Disappearance of Hot New Franchise Cuts Fitness for Men Part 2

(FranchisePick) A little more than a year ago, Cuts Fitness for Men was a “hot new franchise,” and one of the “fastest growing fitness franchises in the world.” Today, they’re missing in action. What happened?
An April, 2006 Cuts Fitness press release boasted that the men-only 30 minute fitness company (basically, a […]

By Sean Kelly -- 8 comments

October 8th, 2007

What Happened to the Cuts Fitness For Men Franchise?

(FranchisePick.Com) Curves for Women burst on the scene with the concept of 30 Minute Circuit Training in small women-only clubs, selling more than 10,000 franchises in the U.S. and abroad.
Curves for Women spawned dozens of franchise knock-offs, many targeting slightly different niches. One of the most aggressive was Cuts Fitness for Men, an […]

By Sean Kelly -- 29 comments