August 2, 2012
The Taco Maker franchise opportunity: Are you considering it?
You should be aware that data released by the Small Business Administration (SBA) indicates that The Taco Maker franchise owners who qualified for SBA-backed franchise loans have a very high loan failure rate of 32%.
That qualifies The Taco Maker for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the The Taco Maker franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a The Taco Maker franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
The Taco Maker franchise owners have a 32% SBA loan default rate.
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 The Taco Maker 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.
Back Yard Burgers
|SBA loans granted since 2001:||43|
|SBA loan failure rate:||32%|
|Source: Coleman report (SBA)|
What do you think of the The Taco Maker franchise?
Are you familiar with The Taco Maker franchise opportunity?
What do you think accounts for the high SBA loan failure rate of The Taco Maker franchise owners?
What steps should The Taco Maker be taking to stop further franchise failures?
Has The Taco Maker 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 TACO MAKER FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER THE TACO MAKER FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
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