GODFATHER’S PIZZA Franchise Complaints
July 14, 2012
Godfather’s Pizza was flung into the national spotlight when former CEO Herman Cain made a bid for the Republican presidential nomination. What wasn’t highlighted was the fact that Godfather’s Pizza franchise has a disturbingly high SBA loan default rate of 27%.
Are you familiar with the Godfather’s Pizza franchise opportunity? Please share a comment below.
According to the Small Business Administration, Godfather’s Pizza franchisees received 37 SBA-guaranteed loans since 2001; 27% of those loans have been defaulted on by Godfather’s Pizza franchise owners.
The Godfather’s Pizza Franchise has a failure rate of 27% for SBA-backed franchise loans
Despite the franchise failures in the Godfather’s Pizza franchise program, Godfather’s Pizza continues to solicit franchisees on its website.
What the Godfather’s Pizza franchise marketing page doesn’t disclose is that it’s likely that Godfather’s Pizza franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly one-third were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Godfather’s Pizza opportunity?
What do you think accounts for the SBA loan failure rate of Godfather’s Pizza franchise owners?
What steps should Godfather’s Pizza be taking to stop further franchise failures?
Has Godfather’s Pizza taken serious action to address the problems that led to the 27% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A GODFATHER’S PIZZA FRANCHISE OWNER OR FORMER GODFATHER’S PIZZA FRANCHISEE? ARE YOU FAMILIAR WITH THE GODFATHER’S PIZZA FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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