CHARLOTTE — Geneva Capital has filed a lawsuit against the the owners of the now-shuttered CycleBar SouthPark.
The complaint in Mecklenburg County’s General Court of Justice Superior Division claims breach of contract. The Minnesota-based equipment finance firm alleges the CycleBar franchise owners engaged in a civil conspiracy to prevent it from recovering cycling equipment from the fitness center, as per the lease terms.
Geneva is seeking damages of $60,608.33, plus accrued interest, for the equipment leased to JaneShirley Management Group — doing business as CycleBar — and franchise owners Alex and Cortina Delpleche. It is also seeking attorney’s fees.
The complaint states the franchise operator entered into a master equipment lease with Geneva on May 20, 2022, for the cycling equipment at the SouthPark location.
Read more on CBJ’s website here.
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