An independent franchise at a popular Australian gym has collapsed into liquidation just a month after the master franchisor appointed administrators.
In June, news.com.au exclusively reported that mixed martial arts gym chain UFC Gym Australia had gone into administration after becoming embroiled in a messy $5 million court case with several disgruntled franchisee owners.
A court ordered UFC Gym Australia to pay $5.8 million to the three franchisees, with the judge finding that the company and its directors had engaged in misleading and deceptive conduct during the process of selling said franchises to them. One of the directors is appealing this.
News.com.au can now reveal that a Sydney franchise went into liquidation just a few weeks l…
Read the full article at: https://www.news.com.au/finance/business/other-industries/sydney-franchise-of-ufc-gym-australia-chain-collapses-into-liquidation-owing-12m/news-story/23bfc8e1f0e98dc734a499a0e79fc055