In Canada, in the province of British Columbia, K Spin fitness studio has filed a lawsuit against Lifestyle Fitness Equipment, also in British Colubmia, claiming 20 high-end spin bikes they bought from a Lifestyle supplier were lemons. If that happened to us we would be severely distressed. 55 000 dollars is a lot of money and we could just come up with another 55 000 dollars. Thus putting us out of business and even losing our home. Ouch.
K Spin Indoor Cycling Studio is suing Vancouver-based Lifestyle Equipment, alleging $121,000 in losses and claiming customers began having issues less than two weeks after the bikes were set up.
“Clients’ seats will fall off mid-ride, tension knobs adjust themselves while clients are riding and pedals have started to lock up,” K Spin alleges in the notice of claim.
“We are having to tighten these bikes every day and do maintenance on them every two to three days.”
According to the claim, K Spin agreed to pay $54,000 for the bikes. K Spin states in the claim that the equipment was “supposed to be top quality.”
The claim states Lifestyle Equipment took no steps to correct the problem or provide replacements for the bikes once K Spin became aware of the problems in March.
K Spin is claiming a total of $35,000 — the maximum allowed in small claims court — and waiving any entitlement to anything beyond that sum.
The losses they claim to have suffered include $54,000 for the equipment, $57,600 for “total monthly losses” and $10,000 for “time spent.”
Lifestyle Equipment was served with the lawsuit December 2023. It is now March 2024 and it is slowly making it way through the courts. We will keep you updated once we hear any updates. However as we stated above. It would devastate any small business owner when he finds out that he just lost 55 000 dollars and now he can’t operate in order to pay the bills. I don’t know about you, but I could not just pull another 55 000 out the air.
