Josh Kosman of the NY Post has reported that the Heavin family, the Curves founding group, has sold to private equity firm North Castle Partners.
An Indiana woman was caught by her own application to buy a Subway Sandwich shop.
The recession has caused many small business owners to postpone the sale of their businesses. Buyers cannot get credit. Valuations are down.
The Curves system of fitness centers has shrunk by a third in the past three years, from 7,748 to 5,208 franchised fitness centers.