July 17, 2012
Computer Renaissance (acquired and rebranded by Friendly Computers in 2008) has a frighteningly high SBA franchise loan default rate of 48%. Computer Renaissance (now called Friendly Computers) is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the Computer Renaissance or Friendly Computers franchise opportunity? Please share a comment – positive or negative – below.
Computer Renaissance (Friendly Computers) has an SBA loan default rate of 48%
According to the Small Business Administration, Computer Renaissance franchisees have received 39 SBA-guaranteed loans; nearly half of those loans have been defaulted on by Camille’s Sidewalk Cafe franchise owners.
In 2008, Friendly Computers began rebranding the Computer Renaissance stores it gained control over in its December, 2007 acquisition.
Entrepreneur magazine reported that there were 81 Friendly Computers franchises in 2008, but that the number declined to 52 U.S. franchise locations in 2012. That’s a decline of 29 locations, or 36% of the total chain.
Are you familiar with the Friendly Computers franchise opportunity?
What do you think accounts for the SBA loan failure rate of Computer Renaissance / Friendly Computers franchise owners?
What steps should Friendly Computers and the Ward brothers be taking to stop further franchise failures?
Have Friendly Computers taken serious action to address the problems that led to the 48% loan failures?
Please share a comment, opinion or insight – positive or negative – below. Company rebuttals welcome.
ARE YOU A COMPUTER RENAISSANCE OR FRIENDLY COMPUTERS FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH COMPUTER RENAISSANCE (FRIENDLY COMPUTERS) FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Friendly Computers, Computer Renaissance, Friendly Computers franchise, Computer Renaissance franchise, Friendly Computers complaints, franchise opportunity, computer franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, Bryan Ward, Steve Ward, Verlan Ward, Michael Ward, Tim Ward