July 11, 2012
The Big O Tires franchise has a high SBA loan default rate of 23%
Are you familiar with the Big O Tires franchise opportunity? Please share a comment below.
That means that Big O Tires franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 23% of the time despite having a very serious incentive to do so.
In addition, Entrepreneur reports that the total number of Big O Tires locations was 523 in 2008. Today, the Big O Tires website states there are “more than 480” Big O Tires locations, indicating a potential decline of 42 centers. has
The Big O Tires Franchise has an high failure rate of 23% for SBA-backed franchise loans
Are you familiar with the Big O Tires franchise opportunity?
What do you think accounts for the high SBA loan failure rates of Big O Tires franchise owners?
What steps should Big O Tires be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A BIG O TIRES FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE BIG O TIRES FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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