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I will be happy to talk with you about I Love Kickboxing and the valuable, complimentary consulting services we offer in the franchise industry. No-Nonsense Hype-Free Franchise Issues & Discussion Site, ILoveKickboxing franchisor ILKB, LLC, CEO Michael Parrella, sales director Scott Ferrari, and franchise salesman Ryan Healy are getting hit hard, ILoveKickboxing CEO Michael Parrella Sued for Fraud. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Utah Franchisees Are Suing Michael Parrella, Scott Ferrari, Ryan Healy and ILKB, LLC, Suit Seeks Over $1M in Punitive Damages Against Michael Parrella, ILKB, Michael Parrella Has a Long, Dark History of Fraud Allegations, Suit Alleges, ILoveKickboxing CEO Michael Parrella Sued for Fraud. CEO Approval. -Nelly Delgado, MY LOCATIONS KEEP GROWING, YET I HAVE MORE TIME FOR MY FAMILY THAN EVER. No, but you can click here to fill out our affordability calculator and understand your financing options. The franchisees allege that ILKB, LLC promised them theyd do virtually all of the marketing, which would result in sufficient members to generate profits in excess of $100,000 per year.. We provide you access up to 2 million products & you chose up to 2,000 you want to feature on your website! The brands studied varied widely in the number of lawsuits listed, from zero all the way to 125 cases, according to new Franchise Times research. Please Select We are asking for your phone number so the businesses you have requested more information from can call/text you to chat with you more about their opportunity. Enjoy the perks of owning your own successful business while also making a difference through partnerships, community, education, experience, and only the highest, We build and scale Amazon businesses for our clients by helping automate all inventory management tasks, keeping account health in great condition, inventory monitoring, 24/7 customer service, and helping to automate any and, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. It is necessary to pay fees to the arbitration organization for administering the process, as well as hourly fees to be paid to the arbitrator(s). With more than 500 stores in 41, Partnerships that Empower Entrepreneurs! Now I work just 5 hours per week, own 2 locations, and earn a better living than I have in my entire life." You may opt-out of SMS at any time by replying STOP to the phone number we texted you from. ILKB is the best workout that I have ever found. I saw an ad for a six week challenge and decided to sign up. They strap on real gloves and punch and kick their way to fitness, health, and happiness. The length and costs associated with a lawsuit, The possibility that you could be on the hook for the franchisors costs and legal fees, are essentially deadlines by which you have a right to assert claims against a franchisor. Franchise System Business Background & Executive History, Franchise Documentation (Agreements, Manuals, Contracts, etc.) The coaches at I love kickboxing want to see you do well and overall help you achieve your goals health-wise. FRANCHOICE Sued by ILoveKickboxing Franchise Owners - Unhappy Franchisee Franchoice and franchise brokers Matt Stevens, Caryanne Golliver and Scott Jones are getting pummeled in multiple franchise lawsuits by I Franchoice and franchise brokers Matt Stevens, Caryanne Golliver and Scott Jones are getting pummeled in multiple franchise lawsuits by I The Veteran-Targeted Franchise Trap That FOX News Built. Additionally, franchisees need to keep in mind that the franchise agreement they entered into was written by the franchisors lawyer to protect the franchisor as much as possible and to give the franchisor as much leverage over the franchisee as possible. This Franchise Scheme Sells, Sues & Silences American Veterans. The majority of franchise agreements also contain mandatory arbitration provisions. They began franchising in 2012. August 12, 2021 Whether or not you, as a franchisee, can assert claims in a lawsuit against your franchisor is a loaded question. Available on both iOS and Androiddevices. This includes 4.50 hours of classroom training, 14 hours of on-the-job training, and 0 hours of online training. Accomplish your business goals by helping other achieve their fitness goals with this innovative and extremely fast growing franchise. This contact may be made using automated or pre-recorded/artificial voice technology. I can see I have a lot of changes in my body, without mentioning that I have more resistance. ilovekickboxing.com Cost to Purchase, Royalties, Profit, & More I joined kickboxing May 2022 and it was the best decision. Restaurant Operators List Store Remodels, Tech as Top Areas for Investment, Minnesota Firehouse Subs Franchisee Files for Chapter 11 Bankruptcy, Black Panther Actor Has Another Big Role: Franchisee, Dunkin Franchisees See Big Potential in Chicken Chain Wings Over, Meet the Women Leaders Pushing Swig's Rapid Growth in Deal of the Year. Call us direct at (855) 822-0912, FranchiseDue Diligence Report involves custom research on and a complete investigation of the franchise opportunity and ILKB LLC, the franchisor that offers, franchised businesses for sale. Too many times, people tell the same story of their unhappy corporate careers which left them feeling over worked and underappreciated. Counterdefendant ILKB is "a franchisor of the iLoveKickboxing franchise system ." Countercompl. I work for YOU! Rave Reviews - This franchise receives rave reviews from customers! I have finally began to feel fit, healthy, and motivated to go daily. Wow, glad you're interested in so many businesses! One way to check on the potential revenues or profits generated from a ilovekickboxing.com franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. Therefore, even if a franchisee thinks he or she has done nothing wrong, the franchisor will likely be able to point to something in the franchise agreement or operations manual with which the franchisee has failed to comply. Takes 4-5 times to learn and then will self wrap hands in under 8 seconds flat. Prepay Annually. Initial Franchise Fee: $49,999. In brief, Defendants made false, fraudulent and unsupported representations that ILKB franchisees broke even in a matter of weeks and generated certain levels of revenues and profits that Defendants would handle virtually all marketing, which would result in more than enough memberships to make the franchise profitable; and that no franchises had ever closed. We provide more done-for-you marketing and client-getting support for our locations than any other fitness franchise, and we've done the research to support this claim. Kickboxing has become my new favorite hobby and this gym/the staff makes me feel so comfortable, welcome, and supported! Of the 150 brands listed in this research, selected because they have 500 or more units, 14 had more than 10 litigation cases per 1,000 units, and 32 franchises had zero lawsuits listed. Arbitration, however, is a private process in which a private third-party neutral (or several third-party neutrals) act as judge and jury. 2023 Franchise Gator. Every location is its own tight-knit community, led by passionate instructors who really care. Names, phone numbers and addresses of current and formerILoveKickBoxing franchisees. My first class was impressive love the high energy from all the instructors and owner Sue. Thank you I love kickboxing! MBVs 10% Price Guarantee on all items on your website ensures, Welcome to Crazy King Burrito - The BEST New Franchise in the United States! Yet as entertaining as his oversized public persona may be, multiple groups of ILoveKickboxing franchise owners claim that Michael Parrella is guilty of more than self-promotion hes guilty of fraud. Cons. $100-$150. Does Spadea Lignana Bully & Silence Military Veterans? Yes, ilovekickboxing.com offers comprehensive support for franchisees. You owe it to yourself to try a class! It is easier here than at the gym to reach your goals because you have support! $1600. Let our experienced franchise experts take the leg work out of buying a franchise and save you countlesshourssearchingonlinefor information aboutILoveKickBoxing/ILKB LLC. These deadlines are generally set by statute and range from one year to six years or more, depending on the type of claim involved and the applicable state law. The culture iLoveKickboxing members experience is the same as the franchisees receive. franchisees all the informationthey need. A FRP includes any audio, video or visual representation that states or suggests a specific level or range of actual or potential sales, income. For our members who workout with us, we've created a super-fun, exciting program that uses real kickboxing gloves, real heavy bags, can real kickboxing techniques for a slim, healthy body.