July 13, 2012
What happened to Obee’s Soup Salad Subs and Peter Brown?
The Obee’s Soup Salad Subs franchise has a shockingly high SBA loan default rate of 64%.
Are you familiar with the Obee’s Soup Salad Subs franchise opportunity? Please share a comment below.
According to the Small Business Administration, Camille’s Sidewalk Cafe franchisees have received 46 SBA-guaranteed loans to date; more than half of those loans have been defaulted on by Obee’s franchise owners.
The Obee’s Soup Salad Subs Franchise has a failure rate of 64% for SBA-backed franchise loans
It’s likely that Obee’s franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and more than half were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Obee’s Soup Salad Subs franchise opportunity?
What do you think accounts for the SBA loan failure rate of Obee’s Soup Salad Subs franchise owners?
What steps should Obee’s and Peter Brown have taken to stop franchise failures?
There aren’t many discussions about Obee’s online, but Guest commented on BlueMauMau.org:
I would not ever buy one of the Franchises, I have friends who did and they lost everything, Peter Brown is a big fat LIER!!!!
Guest 2 wrote:
I agree they SUCK what an a-hole Peter Brown if anyone has any contact info for him I please send it to me.
Please share a comment, opinion or insight below.
ARE YOU A OBEE’S SOUP SALAD SUBS FRANCHISE OWNER OR FORMER OBEE’S FRANCHISEE? ARE YOU FAMILIAR WITH THE OBEE’S FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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