July 11, 2012
The Maaco franchise has an alarmingly high SBA loan default rate of 29%
Are you familiar with the Maaco franchise opportunity? Please share a comment below.
That means that Maaco franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 29% of the time.
In addition, Entrepreneur reports that the total number of Precision Tune franchises has declined from 432 in 2008 to 425 in 2011, a decline of 7 franchise centers.
The Maaco Franchise has an alarmingly high failure rate of 29% for SBA-backed franchise loans
Are you familiar with the Maaco franchise opportunity?
What do you think accounts for the high SBA loan failure rates of Maaco franchise owners?
What steps should Maaco be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A MAACO FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE MAACO FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Maaco, Maaco franchise, Maaco complaints, automotive franchise, franchise, franchise failure rate, auto franchise, worst franchise, franchise information, unhappy franchisee