July 12, 2012
Carvel, the Atlanta-based ice cream and frozen treat franchise owned by FOCUS Brands, has a shockingly high SBA loan default rate of 52%.
Are you familiar with the Carvel franchise opportunity? Please share a comment below.
More than half of the Carvel franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans… despite serious incentive to do so.
The Carvel Franchise has a failure rate of 52% for SBA-backed franchise loans
Additionally, according to information provided by Entrepreneur magazine, the Carvel franchise chain has declined from 485 U.S. franchises in 2008 to 399 in 2011 – a decline of 86 locations, or 18% of its total franchises.
Are you familiar with the Carvel franchise opportunity?
What do you think accounts for the SBA loan failure rate of Carvel franchise owners?
What steps should Carvel and Focus Brands be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A CARVEL FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE CARVEL FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Carvel, Carvel franchise, Carvel complaints, ice cream franchise, frozen dessert franchise, food franchise, Focus brands, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee