VAULT DENIM Vault Jeans Defenders Lash Back
September 17, 2012
Vault Denim Jeans: Do you love’m or hate’m?
And can you make any money selling them?
First, we gave the haters their day by asking: VAULT DENIM Scam, Rip-off or Opportunity?
Now we give some of the Vault Denim Defenders the stage (below).
What do you think of Vault Denim Jeans as a consumer? What about as a business opportunity?
If you’re familiar with Vault Denim, please leave a comment below.
Vault Denim Jeans: What the haters are hating
Here’s a taste of the complaints being dished out:
“My buttons came off of my jeans BEFORE I EVEN WASHED THEM and the jewels were coming off of my pockets. I asked for a refund for the jeans that I had purchased since I hadn’t washed or hemmed the jeans, and I was rejected.”
“the “bedazzling” started falling off and I hadn’t even worn them out of the house, I was pissed to say the least… I have been told by their rep that I cannot have a refund, but a voucher to get more jeans”
“Super cheap jeans…the bling falls off and buttons come off…and that is before you wash them.”
“TOTAL knock-offs, and bad ones at that!”
“Vault Denim jeans aren’t fakes but they are old designs, factory seconds or cheap wannabe brands for the most part.”
“I WAS a VFC for this crappy company! Total scam!! The jeans are ugly…”
“They sell OLD jeans that no one wants for a HIGH price!! I quit after only doing this for a few short months.”
“I hosted 10 parties are only made a little over $200 TOTAL!! Dont waste your time what so ever!”
Vault Denim Defenders Lash Back at the Haters
Britney Beneke writes:
I wanted to make a quick clarification on Vault Denim being fake, damaged, or poor quality.
I would never jeopardize my family and my freedom (I would go to jail) to sell fake jeans. I know you can go to jail doing that. So no worries there everyone :) What you see is overstock jeans that we are able to get from high end companies to sell at home parties. This is a legit, fabulous company that is changing lives every day. I am living proof of this.
We are still a new ground level company always looking to improve our products and services. Keep an eye on us! Think back to the 60′s with Mary Kay or Tupperware, NOW is the best time to be a part of the company.
With any business, there may be something that happens. Heck I was in the buckle recently and someone came in complaining of their bling falling off there too. It happens. To be a consumer who doesn’t think this happens everywhere would be way off.
So give it a try. No where else can you get full access to an everchanging inventory of designer jeans at up to 50% off retail as well as their own exclusive kids, men’s, maternity, and more. PLUS these jean sales help support families, good causes and it’s a great way to earn fabulous income.
If you seriously have more questions. Call me! I’m open to discussing our product openly without bias! I will tell you how it is. Hey, If I have girls accross the nation, and people in my own family making a living with this, that should speak volumes for how much I love it! I’m not going anywhere!
Doug Kerns writes:
I’m amazed at the comments on this site.
Course I’m in sales, and I’m a realist, someone will always complain about something.
My wife is a Vault Denim consultant, and it’s been over a year, and she’s doing well with it. She has a blast doing parties, meeting people and she makes decent extra income for our family.
From what I’ve seen the jeans are great quality, and I’ve done some research for her as well, in stores that sell $100+ jeans, and personally I can’t see much difference at all. To those that had an issue with a button coming off, or “bling” um, well I’ve had Levi’s do that, manufacturing isn’t a perfect thing, but one thing I know, Vault will fix it, or exchange it, no problems.
With my wife not only being a consultant, but also an inventory coordinator for 2 different inventories, she has had to deal with a few of these issues, but always does it quick, and with no questions asked. For those that expect a refund, well my suggestion would be to keep shopping at Walmart, where refunds are more common than expensive boutique jeans.
If you look at other companies based on similar principles, usually you have to buy inventory, with Vault, you do not. I was skeptical at first, as is my nature, but I can see no bad at all, and the company as a whole really wants their people to succeed. They have even set up goals with benefits of having a paid trip to Lake Powell which my wife qualified for and another trip to Cancun, all expenses paid.
Someone will always be unhappy with something in this world, but my experiences with Vault is this isn’t the case. As far as your comment on the company faking positive comments to fill up google, do you think it could be that there are more positive comments than negative?
Just a thought, not even sure why I felt the need to comment back on this, but just thought the “other”point of view might make someone else realize that some of you just might not be positive people :)
Sandra Torres writes:
So sorry that some people have to complain about everything and try to defame other peoples livelihood.
Vault Denim is an awesome company that offers women, men, children, and maternity jeans from 0 to 24 plus size.
The quality is awesome.
The price points on the products are perfect.
Business startup cost… Every company has a business startup cost. Tupperware, Mary Kay, 31 Gifts, Miche, just to name a few. Vault Denim happens to be the lowest start up cost of all. It covers the cost of materials- policies & procedures, a website and personal website that has no additional charge.
Do your homework before you cry wolf. Every company on the planet has a complaint about something.
Be professional and not rude. It is not very becoming.
ARE YOU FAMILIAR WITH VAULT DENIM JEANS AS A PRODUCT OR BUSINESS OPPORTUNITY?
PLEASE SHARE A COMMENT BELOW.
ACE SUSHI Franchise Complaints
September 10, 2012
“ACE SUSHI is on an aggressive growth path set to capitalize on the U.S. consumer’s fondness for all things sushi,” claims ACE Sushi Franchise Corporation.
“We currently operate 350 sushi outlets in 38 states in supermarkets that include The Fresh Market, Stop N Shop, and Giant Supermarkets. Through our locations inside prestigious supermarkets, ACE offers top quality, affordable take-out and quick-serve sushi made fresh daily by our trained sushi chefs.
“Sushi consumption has doubled in the last 5 years and shows no sign of slowing down as healthy eating continues to become a lifestyle choice.
“ACE Sushi plans to double store sales…
“Because of our existing relationships with America’s top supermarket chains, we help franchisees source and secure prime locations.
“There are no build-out costs, no lease and minimal capital equipments costs with ACE.
“Our support does not end with initial training. We are partners with our franchisees from in-store set-up and staff recruitment, through adding additional locations.
“As one of the country’s leading suppliers of high quality take-out sushi, we keep our franchisees abreast of cutting edge sushi trends, recipes and marketing ideas they can use to increase sales and profitability.”
Are you familiar with the ACE Sushi franchise opportunity? Please share your opinion or an insight with a comment below.
ACE SUSHI Franchise Complaints
The numbers in the ACE Sushi Franchise Disclosure Document (FDD) seem to reveal a high franchise turnover rate.
At the beginning of 2009, there were 324 ACE Sushi franchises, and by the end of 2011 there 311 franchises, a net loss of just 13 franchises.
However, a closer look reveals that during that period, 601 new ACE Sushi franchises opened, 534 franchises were terminated, 11 didn’t renew, and 76 ceased operation for other reasons.
So out of 925 ACE Sushi franchises open some time between 2009-2011, 614 (66%) have exited the system.
An ex-franchisee of ACE Sushi wrote:
i worked with ACE sushi (Franchisee) before our Pick’n Save store Grandopening (slow time), after that, i got sale around $2300 per week, then..they take it back from me…as of the franchi law
said, No reason or Reason they can take it back anytime…
so i lost my franchisee Fee, all my investment and everything is gone…
also, every month i got sale about around more than $(10,000) (including delivery store), i only got around $2500 paycheck for only 4 months (i worked for 10 months), every month they arranged to charged for useless item what they sent it to your store.., we did all what we can do better get sale… but alway fucking complaint , and don’t care about their Franchisers , they(ACE) were real (Chit Tee, burmese words) selfish ace…
i heard and i can proof about 3 or 4 stores they take it back already.,,,,
Finally , after they took it back to my sushi store, i got filed Bankrupty right away..before i have 3 cars, one house , 6000 $ cash, all gone… only i have left one car and my house ,, (bcox i work 2 jobs) the other job was save to my life back.
believe it or not (Good Job ACE aka AMG Company)
if u need anymore question , i will be happy to answer to do not work
with ACE Sushi…
also i will try to write article (by burmese) about that nighmare Ace crisis , to post to media,, bcox everybody though Sushi busines is can make a lot money.. andnobody mention to as scary busines , especialy ACE Sushi..
Former ACE Franchisee Businese Owner
unknown wrote:
Listen up People, “Sushi” business is getting sucks and not used to like before. No matter how you provide for AFC sushi
or ACE sushi, it is getting unfortunate. Difficult to find the right people to work for sushi-bar and percentage are getting low
too. Also, the people that affiliated with the company do not help you when you have a problems with the market. You are not really a contractor or own a franchise. They do not
watch your back, what ever problem come up you deal with the market, not them. Because the don’t want to get involved, due to the fact that they don’t want to loose their “sushi-Bar”. Instead, loosing you from the market. This business is not guaranteed or has no security for your life. It propably dissapear the next day and you got nothing left. becareful what you are doing people
shwezawgyee wrote:
I know how you feel. Not only ACE, AFC also Hissho, Sushi Avenue all same.
They are blood sucking Co.
So fer no one can help us just wait and suffer for survive.
ARE YOU AN AN ACE SUSHI FRANCHISE OWNER OR FORMER ACE SUSHI FRANCHISEE?
ARE YOU FAMILIAR WITH ACE SUSHI FRANCHISE CORPORATION AND ITS SUSHI FRANCHISE OPPORTUNITY?
PLEASE SHARE A COMMENT BELOW.
tags: Sushi Franchise, ACE Sushi Franchise, ACE Sushi, ACE Sushi Franchise corporation, ACE Sushi Franchise Complaints, ACE Sushi franchise disputes, ACE Sushi scam, franchise scam, food franchise, Unhappy Franchisee
AFC SUSHI Franchise Complaints
September 10, 2012
AFC SUSHI Franchise Complaints: Are you familiar with AFC Sushi franchise, Advanced Fresh Concepts or other sushi franchise opportunities?
Please share a comment or opinion below.
Advanced Fresh Concepts AFC Sushi claims to be the largest supplier of fresh sushi to supermarkets nationwide.
According to AFC Sushi website, they have over 3,300 sushi bars in supermarkets and other food service sectors throughout the 50 U.S. states and Canada.
“The fresh products we offer are available for purchase at any of the sushi bars independently owned and operated throughout the nation and Canada,” states the website.
“With twenty-five years of experience, AFC Franchise Corp. has become the premier sushi company in North America since 1986.”
AFC SUSHI Franchise Owners Operate inside Major Supermarkets
The AFC Sushi franchise website claims:
“AFC takes pride in providing the highest quality and largest variety of sushi and sushi related products. Our franchisees have the skills and knowledge to operate wonderful sushi bars. We are currently seeking potential franchisees in the United States and Canada.
”Why is AFC the defining leader in the sushi bar and Sushi Related Products category?
- AFC sushi is made fresh daily with the highest quality ingredients
- We package products in convenient ready-to-go containers for customers seeking a healthy alternative to fast food
- Our franchise sushi bar program is unique
- We currently have 3,300 sushi bar franchise locations
- AFC services the United States and Canada; we will be expanding to Australia in 2011
- Many signature sushi items and sushi related products to choose from
AFC SUSHI franchise owners generally operate inside established supermarkets. Customers pick up fresh sushi items at the AFC regrigerated display and pay through the store’s checkout system. The supermarket takes a percentage and sends the rest to Advanced Fresh Concepts, who takes their percentage and fees and sends what’s left to the franchisee.
AFC SUSHI Franchise Complaints
AFC Sushi Franchise Disclosure Documents indicate both high franchisee turnover and a number of legal disputes.
Between 2007 – 2009, AFC Sushi sold 1083 new franchises.
However, in that same period they had 1116 franchise terminations, 11 non-renewals, 22 franchises reacquired by the franchisor, and 304 franchises that ceased operation for other reasons.
So while 1083 entered the AFC Sushi franchise system, 1453 exited.
AFC Sushi franchise complaints have surfaced on the Internet.
While Lucy W claims to have settled her dispute, her complaint highlights the franchisee’s dependence on the franchisor to pay them honestly and fairly:
I signed a five-year franchise agreement with Advanced Fresh Concepts Franchise Corp. (hereafter called AFC) The business model is, AFC, the Franchisor, will contract the SUSHI BAR in Kroger Supermarket to me as a Franchisee which located in Saginaw of Michigan. Every month, I order all the seafood and package from AFC. And at the end of each month, Kroger Market will distribute the gross sales directly to AFC. AFC will deduct the costs of my orders and 33% of the gross sales and then send the rest back to me.
From December 10th 2008 to August 1st 2009, AFC provided me false figure of gross sales, short of USD300 to 800 each week, in order to lower the percentage of my income. For example, in the weekly statement January 3rd 2009, the true gross sale shall be $7,368, but AFC’s figure was $6,552, which is $816 less. Such kind of false statements were sent to me in each of the following weeks.From the first statement I received from AFC in January 2009 till now, I kept contacting the relevant staff of AFC by emails, faxes and calls (I can’t go directly because of the long distance from Michigan to California.). AFC admitted that they received the Discrepancies Forms I faxed, but they refused to solve the problem by giving me the following pretexts:
1. All the representative are busy right now, we don’t have time to calculate, please wait patiently;2. Please try to call 2 or 3 weeks later;
3. There is no IMR (Item sold/loss Movement Reports) to prove and it might be the system digital error of Kroger Market;
Not every franchisee is so lucky to be able to either see or get the IMR to get the correct figures. As most other unlucky franchisee, we have no other means to find out the figures except: the statement from AFC and our own record.I asked help from the store manager in Kroger Market and printed out two reports: IMR and the weekly sales amount.
Surprisingly, the reports illustrate that every week AFC embezzled my gross sales ranged from as low as $300 to as high as $864. As of August 1st 2009, the total is $13372.46. Such a high amount is a shock. And it also shows clearly that there is nothing wrong with the figures provided by Kroger, which performs its duty honestly by sending the correct figures to AFC. It is AFC that intentionally and maliciously tampered those falsifications.
My supporting evidence for my above assertion is:1.The statements of each month received from AFC.
2.The two reports printed out from Kroger Market: IMR and the weekly sales report.3.All the emails to AFC concerning about the negotiation of this matter.
4.The contract and agreement I signed with AFC.
All the evidence support my assertion: AFC is cheating and embezzling by entitled income. According to the contract, AFC has the responsibility and obligation to provide me the correct statements. There is no excuse or reason for AFC to embezzle my money and do anything unlawful, immoral or dishonest.
Jay wrote:
I am also a AFC sushi bar owner in Hawai’i, and feel the SAME way as you mentioned in your story.
I wanted to know what did you do to resolve this issues..Is there something I can do cause it feels like SLAVERY.
Anonymous wrote:
i was a franchisee of a sushi company called AFC corp located in california. my franchise(sushi bar)was in florida ( publix super market). My franchise agreement with AFC was terminated unfairly. Beacause i was complained by store mananger. AFC said i breached the my contract and they fired me with no investigation on my case.i did not do anything wrong .i can prove my innocence. should i sue AFC?
ARE YOU AN AN AFC SUSHI FRANCHISE OWNER OR FORMER AFC SUSHI FRANCHISEE?
ARE YOU FAMILIAR WITH ADVANCED FRESH CONCEPTS AND ITS SUSHI FRANCHISE OPPORTUNITY?
PLEASE SHARE A COMMENT BELOW.
THE GREAT FRAME UP Franchise Complaints
July 25, 2012
The Great Frame Up franchise opportunity: Are you familiar with it?
If so, please share your experience, opinions or insights with a comment below.
The Great Frame Up is a custom picture framing franchise opportunity promoted by Franchise Concepts, Inc.
The Great Frame Up franchise marketing claims that “The Success of Our Franchisees is Our Highest Priority!”
Priority or not, since 2008, the The Great Frame Up franchise chain has shrunk in the U.S. by 45 franchises… from 159 in 2008 to 114 in 2012.
Data released by the Small Business Administration (SBA) indicates that The Great Frame Up franchise owners who qualified for SBA-backed franchise loans have an very high loan failure rate of 30%.
That earns The Great Frame Up a spot in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
The Great Frame Up franchise owners have a 30% SBA loan default rate.
The apparent drop in The Great Frame Up franchises in recent years is also a franchise red flag.
| The Great Frame Up Franchise | |
| The Great Frame Up U.S. franchises in 2008: | 159 |
| The Great Frame Up U.S. franchises in 2012: | 114 |
| Growth in franchise units 2008 – 2012 (#) | -45 |
| Growth in franchise units 2008 – 2012 (%): | -28% |
| SBA loans granted since 2001: | 31 |
| SBA loan failure rate: | 30% |
| Sources: Entrepreneur (growth), Coleman report (SBA) |
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 Great Frame Up 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.
Are you familiar with the The Great Frame Up franchise opportunity?
What do you think accounts for the SBA loan failure rate of The Great Frame Up franchise owners?
What steps should The Great Frame Up and Franchise Concepts, Inc. be taking to stop further franchise failures?
Has The Great Frame Up and Franchise Concepts, Inc. taken serious action to address the problems that led to these loan failures?
Please share a comment (anonymous is fine) or Contact UnhappyFranchisee.com.
If you are a The Great Frame Up franchise representative or employee, please feel free to leave a comment or email us at UnhappyFranchisee[at]gmail.com.
ARE YOU FAMILIAR WITH THE THE GREAT FRAME UP FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER THE GREAT FRAME UP FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
The Great Frame Up, The Great Frame Up franchise, The Great Frame Up franchise complaints, The Great Frame Up complaints, picture framing franchise, framing franchise, frame shop franchise, art franchise, art store franchise, franchise failure rates, SBA franchise loans, worst franchises, Franchise Concepts Inc.
FASTFRAME Franchise Complaints
July 25, 2012
FASTFRAME claims to be the “largest and fastest-growing” picture framing franchise in the world.
If true, FASTFRAME franchise growth must be coming from outside the U.S.
Since 2008, the FASTFRAME franchise chain has shrunk in the U.S. by 135 franchises… from 300 in 2008 to 165 in 2012.
FASTFRAME franchise owners have an outrageously high 45% SBA loan default rate, according to a Small Business Administration report.
Are you familiar with the FASTFRAME franchise?
If so, please share your experience, opinions or insights with a comment below.
Yet despite its seemingly abysmal failure rate, FASTFRAME not only continues to market its franchise opportunity, it uses “high profit margins” and franchise support as main selling points.
According to the FASTFRAME franchise website:
…Providing quality service to our franchisees is the key to our success…
We strive to provide each Franchisee with an all inclusive and uncomplicated process whereby they can easily become a part of this profitable and very enjoyable business.
Data released by the Small Business Administration (SBA) indicates that FASTFRAME franchise owners who qualified for SBA-backed franchise loans have an outrageously high loan failure rate of 45%.
That earns FASTFRAME a spot in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
FASTFRAME franchise owners have an outrageous 45% SBA default rate.
The apparent drop in FASTFRAME franchises in recent years is also a franchise red flag.
| FASTFRAME Franchise | |
| FASTFRAME U.S. franchises in 2008: | 300 |
| FASTFRAME U.S. franchises in 2012: | 165 |
| Growth in franchise units 2008 – 2012 (#) | -135 |
| Growth in franchise units 2008 – 2012 (%): | -45% |
| SBA loans granted since 2001: | 82 |
| SBA loan failure rate: | 45% |
| Sources: Entrepreneur (growth), Coleman report (SBA) |
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 FASTFRAME 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.
Are you familiar with the FASTFRAME franchise opportunity?
What do you think accounts for the SBA loan failure rate of FASTFRAME franchise owners?
What steps should FASTFRAME be taking to stop further franchise failures?
Has FASTFRAME and CEO Brian Harper taken serious action to address the problems that led to these loan failures?
Please share a comment (anonymous is fine) or Contact UnhappyFranchisee.com.
If you are a FASTFRAME franchise representative or employee, please feel free to leave a comment or email us at UnhappyFranchisee[at]gmail.com.
ARE YOU FAMILIAR WITH THE FASTFRAME FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER FASTFRAME FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
FASTFRAME, FASTFRAME franchise, FASTFRAME franchise complaints, FASTFRAME complaints, FAST FRAME franchise, FAST FRAME complaints, picture framing franchise, framing franchise, frame shop franchise, art franchise, art store franchise, franchise failure rates, SBA franchise loans, worst franchises, Brian J. Harper, Brian Harper
TRUE VALUE Franchise Complaints
July 17, 2012
The True Value franchise has a relatively high SBA franchise loan default rate of 20%. True Value is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the True Value franchise opportunity? Please share a comment – positive or negative – below.
According to the Small Business Administration, True Value franchisees have received 111 SBA-guaranteed loans; one-fifth of those loans have been defaulted on by True Value franchise owners.
True Value member-owned cooperative and wholesale distributor of hardware, lumber and building materials. In addition, True Value Company offers other specialty franchise opportunities under such brands as Grand Rental Station, Taylor Rental Center, Party Central party supply rental franchise.
True Value has an SBA franchise loan default rate of 20%
Are you familiar with the True Value franchise opportunity?
What do you think accounts for the SBA loan failure rate of True Value franchise owners?
What steps should True Value be taking to stop further franchise failures?
Have True Value taken serious action to address the problems that led to the 20% loan failures?
Please share a comment, opinion or insight – positive or negative – below. Company rebuttals welcome.
ARE YOU A TRUE VALUE FRANCHISE OWNER OR TRUE VALUE FRANCHISEE? ARE YOU FAMILIAR WITH TRUE VALUE FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: True Value, Grand Rental Station franchise, Taylor Rental Center franchise, Party Central franchise, Winmark Corporation, True Value franchise, True Value franchise complaints, True Value franchises, True Value complaints, franchise opportunity, hardware franchise, rental franchise, failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee
PLAY IT AGAIN SPORTS Franchise Complaints
July 17, 2012
The Play It Again Sports franchise has a shockingly high SBA franchise loan default rate of 27%. Play It Again Sports is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the Play It Again Sports franchise opportunity? Please share a comment – positive or negative – below.
According to the Small Business Administration, Play It Again Sports franchisees have received 85 SBA-guaranteed loans; more than a quarter of those loans have been defaulted on by Foot Solutions franchise owners.
Play It Again Sports is owned by Winmark Corporation, the franchisor of more than 930 value-oriented retail stores operating under the names Once Upon A Child®, Plato’s Closet®, Play It Again Sports® and Music Go Round®.
Play It Again Sports has an SBA franchise loan default rate of 27%
Entrepreneur magazine reported that there were 337 Foot Solutions franchises in 2008, but that the number declined to 304 U.S. franchise locations in 2011. That’s a decline of 33 locations, or 10% of the total chain, in just three years.
Are you familiar with the Play It Again Sports franchise opportunity?
What do you think accounts for the SBA loan failure rate of Play It Again Sports franchise owners?
What steps should Play It Again Sports and Winmark Corporation be taking to stop further franchise failures?
Have Play It Again Sports and Winmark Corporation taken serious action to address the problems that led to the 27% loan failures?
Please share a comment, opinion or insight – positive or negative – below. Company rebuttals welcome.
ARE YOU A PLAY IT AGAIN SPORTS FRANCHISE OWNER OR WINMARK FRANCHISEE? ARE YOU FAMILIAR WITH PLAY IT AGAIN SPORTS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Play It Again Sports, Winmark Corporation, Play It Again Sports franchise, Play It Again Sports franchise complaints, Winmark franchises, Play It Again Sports complaints, franchise opportunity, sporting goods franchise, retail franchise, failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information
FOOT SOLUTIONS Franchise Complaints
July 17, 2012
The Foot Solutions franchise has a shockingly high SBA franchise loan default rate of 36%. Foot Solutions is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the Foot Solutions franchise opportunity? Please share a comment – positive or negative – below.
According to the Small Business Administration, Foot Solutions franchisees have received 107 SBA-guaranteed loans; more than a third of those loans have been defaulted on by Foot Solutions franchise owners.
Foot Solutions has an SBA franchise loan default rate of 36%
Entrepreneur magazine reported that there were 209 Foot Solutions franchises in 2008, but that the number declined to 147 U.S. franchise locations in 2011. That’s a decline of 62 locations, or 30% of the total chain, in just three years.
Despite a franchise loan failure rate of 36%, Foot Solutions not only continues to sell franchises, it brags about its SBA loan program:
Foot Solutions has been pre-qualified by the SBA Program and is listed in their Franchise Registry.
Our registration means faster review and processing of your SBA loan application.
To see our listing, please go to www.FranchiseRegistry.com. [Source: Foot Solutions franchise website]
Are you familiar with the Foot Solutions franchise opportunity?
What do you think accounts for the SBA loan failure rate of Foot Solutions franchise owners?
What steps should Foot Solutions be taking to stop further franchise failures?
Have Foot Solutions taken serious action to address the problems that led to the 36% loan failures?
Please share a comment, opinion or insight – positive or negative – below. Company rebuttals welcome.
ARE YOU A FOOT SOLUTIONS FRANCHISE OWNER OR FORMER FOOT SOLUTIONS FRANCHISEE? ARE YOU FAMILIAR WITH FOOT SOLUTIONS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Foot Solutions, Foot Solutions franchise complaints, Foot Solutions franchise, Foot Solutions complaints, franchise opportunity, shoe store franchise, retail franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information
COMPUTER RENAISSANCE (FRIENDLY COMPUTERS) Franchise Complaints
July 17, 2012
Computer Renaissance (acquired and rebranded by Friendly Computers in 2008) has a frighteningly high SBA franchise loan default rate of 48%. Computer Renaissance (now called Friendly Computers) is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the Computer Renaissance or Friendly Computers franchise opportunity? Please share a comment – positive or negative – below.
Computer Renaissance (Friendly Computers) has an SBA loan default rate of 48%
According to the Small Business Administration, Computer Renaissance franchisees have received 39 SBA-guaranteed loans; nearly half of those loans have been defaulted on by Camille’s Sidewalk Cafe franchise owners.
In 2008, Friendly Computers began rebranding the Computer Renaissance stores it gained control over in its December, 2007 acquisition.
Entrepreneur magazine reported that there were 81 Friendly Computers franchises in 2008, but that the number declined to 52 U.S. franchise locations in 2012. That’s a decline of 29 locations, or 36% of the total chain.
Are you familiar with the Friendly Computers franchise opportunity?
What do you think accounts for the SBA loan failure rate of Computer Renaissance / Friendly Computers franchise owners?
What steps should Friendly Computers and the Ward brothers be taking to stop further franchise failures?
Have Friendly Computers taken serious action to address the problems that led to the 48% loan failures?
Please share a comment, opinion or insight – positive or negative – below. Company rebuttals welcome.
ARE YOU A COMPUTER RENAISSANCE OR FRIENDLY COMPUTERS FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH COMPUTER RENAISSANCE (FRIENDLY COMPUTERS) FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Friendly Computers, Computer Renaissance, Friendly Computers franchise, Computer Renaissance franchise, Friendly Computers complaints, franchise opportunity, computer franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, Bryan Ward, Steve Ward, Verlan Ward, Michael Ward, Tim Ward
GNC Franchise Complaints
July 16, 2012
The GNC General Nutrition Centers franchise has a high SBA loan default rate of 23%. GNC is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the GNC General Nutrition Centers franchise opportunity? Please share a comment below.
GNC General Nutrition Centers franchisees have received 91 SBA-guaranteed loans since 2001; nearly one-quarter of those loans have been defaulted on by GNC franchise owners.
The GNC Franchise has a failure rate of 23% for SBA-backed franchise loans
It’s likely that GNC franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly a quarter were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the GNC franchise opportunity?
What do you think accounts for the SBA loan failure rate of GNC franchise owners?
What steps should GNC be taking to stop further franchise failures?
Has GNC taken serious action to address the problems that led to the 23% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A GNC FRANCHISE OWNER OR FORMER GENERAL NUTRITION CENTER FRANCHISEE? ARE YOU FAMILIAR WITH GNC FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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