WIENERSCHNITZEL Franchise Complaints
August 2, 2012
The Wienerschnitzel franchise opportunity: Are you considering it?
You should be aware that data released by the Small Business Administration (SBA) indicates that Wienerschnitzel franchise owners who qualified for SBA-backed franchise loans have a loan failure rate of 23%.
That qualifies Wienerschnitzel for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the Wienerschnitzel franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a Wienerschnitzel franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
Wienerschnitzel franchise owners have a 23% 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 Wienerschnitzel 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: | 63 |
| SBA loan failure rate: | 23% |
| Source: Coleman report (SBA) |
What do you think of the Wienerschnitzel franchise?
Are you familiar with the Wienerschnitzel franchise opportunity?
What do you think accounts for the high SBA loan failure rate of Wienerschnitzel franchise owners?
What steps should Wienerschnitzel be taking to stop further franchise failures?
Has Wienerschnitzel and The Galardi Group 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 WIENERSCHNITZEL FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER WIENERSCHNITZEL FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
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