July 12, 2012
Marble Slab Creamery, the Atlanta-based premium ice cream and frozen treat franchise, has a disturbingly high SBA loan default rate of 44%.
Marble Slab Creamery and Maggie Moo’s are both managed by GFG Management, LLC, a subsidiary of Global Franchise Group, LLC. Global Franchise Group, LLC is an affiliate of Levine Leichtman Capital Partners.
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Nearly half of the Marble Slab Creamery franchise owners who received SBA loans, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay those franchise loans… despite serious incentive to do so.
The Marble Slab Creamery Franchise has a failure rate of 44% for SBA-backed franchise loans
Additionally, according to information provided by Entrepreneur magazine, the Marble Slab Creamery franchise chain has declined from 280 U.S. franchises in 2008 to 245 in 2011 – a decline of 35 locations, or 13% of its total domestic franchises.
Are you familiar with the Marble Slab Creamery franchise opportunity?
What do you think accounts for the SBA loan failure rate of Marble Slab Creamery franchise owners?
What steps should Marble Slab Creamery be taking to stop further franchise failures?
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ARE YOU A MARBLE SLAB CREAMERY FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE MARBLE SLAB CREAMERY FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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