July 21, 2012
Juice It Up franchise opportunity: Are you considering it?
The Juice It Up franchise website states: “As a Juice It Up! Franchisee, you have the opportunity to choose health, change lives and make money!”
However, data released by the Small Business Administration (SBA) indicates that Juice It Up franchise owners who qualified for SBA-backed franchise loans have an outrageously high loan failure rate of 51%.
That qualifies Juice It Up for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the Juice It Up franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a Juice It Up franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
Juice It Up franchise owners have an alarming 51% SBA default rate.
The apparent drop in U.S. Postal Connections franchises in recent years is also a franchise red flag.
|Juice It Up Franchise|
|Juice It Up U.S. franchises in 2008:||145|
|Juice It Up U.S. franchises in 2012:||83|
|Growth in franchise units 2008 – 2012 (#)||-62|
|Growth in franchise units 2008 – 2012 (%):||-43%|
|SBA loans granted since 2001:||81|
|SBA loan failure rate:||51%|
|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 Juice It Up 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 Juice It Up franchise opportunity?
What do you think accounts for the SBA loan failure rate of Juice It Up franchise owners?
What steps should Juice It Up be taking to stop further franchise failures?
Has Juice It Up 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 JUICE IT UP FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER JUICE IT UP FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
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