July 21, 2012
Honey Dew Donuts franchise opportunity: Are you considering it?
Be aware that data released by the Small Business Administration (SBA) indicates that Dunn Bros Coffee franchise owners who qualified for SBA-backed franchise loans have a high loan failure rate of 20%.
That qualifies the Honey Dew Donuts franchise for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the Honey Dew Donuts franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a Honey Dew Donuts franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
Honey Dew Donuts franchise owners have a 20% SBA loan failure rate.
|Honey Dew Donuts Franchise|
|SBA loans granted since 2001:||39|
|SBA loan failure rate:||20%|
|Sources: Entrepreneur (growth), company website (growth), Coleman report (SBA)|
The inability to repay an SBA-backed loan (or any franchise loan, for that matter) indicates a serious situation for the franchisee.
It’s likely that Honey Dew Donuts franchise owners who received SBA loans may have collateralized their franchise loan with their homes or other personal assets, and many were unable to repay those franchise loans… despite the serious incentive to do so.
Are you familiar with the Honey Dew Donuts franchise opportunity?
What do you think accounts for the SBA loan failure rate of Honey Dew Donuts franchise owners?
What steps should Honey Dew Donuts be taking to stop further franchise failures?
Has Honey Dew Donuts taken serious action to address the problems that led to these loan failures?
Please share a comment (anonymous is fine) or Contact UnhappyFranchisee.com.
ARE YOU FAMILIAR WITH THE HONEY DEW DONUTS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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