Former Winston-Salem gym owners ordered to pay $100K
WINSTON-SALEM, N.C. — The former operator of The Little Gym franchise in Winston-Salem is facing a nearly $100,000 court-ordered judgment nearly three years after its abrupt collapse.
The Little Gym of Winston-Salem, operated by Dana Holloway, offered dance, gymnastics, karate, sports-skills development and parent-child programs at 2876 Reynolda Road in Reynolda Manor shopping center.
It was a franchisee of The Little Gym International Inc. until May 28, 2009, Michael Gragg, chief financial officer for the corporation, said at that time.
Gragg said the corporation decided in early 2009 it would not renew Holloway’s franchise agreement. He said Holloway had operated the franchise for 1½ years.
“She was contractually obligated to not take tuition money or deposits for services taking place after May 28,” he said.
This article was written by Richard Craver and originally published by The Winston-Salem Journal. Click here to read more.