Goin’ Postal franchise opportunity: What could go wrong with a brand name inspired by mental illness and workplace violence?
Obviously, something IS goin’ wrong with Goin’ Postal.
Data released by the Small Business Administration (SBA) indicates that Goin’ Postal franchise owners who qualified for SBA-backed franchise loans have a high loan failure rate of 33%.
That qualifies Goin’ Postal for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the Goin’ Postal franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a Goin’ Postal franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
Goin’ Postal franchise owners have an alarming 33% SBA default rate.
The apparent drop in Goin’ Postal franchises in recent years is also a cause for concern.
|Goin’ Postal Franchise|
|Goin’ Postal U.S. franchises in 2008:||297|
|Goin’ Postal U.S. franchises in 2011:||275|
|Growth in franchise units 2008 – 2011 (#)||-22|
|Growth in franchise units 2008 – 2011 (%):||-7|
|SBA loans granted since 2001:||28|
|SBA loan failure rate:||33%|
|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 Goin’ Postal 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.
GOIN’ POSTAL Franchise Complaints
One anonymous Goin’ Postal franchisee warned against investing ion the Goin’ Postal franchise opportunity, writing:
Please, I beg you not to even think about trying Goin Postal, dumped my life savings into this with a lot of promises.
If you read there info they say that you WILL ship UPS, DHL, FedEx and US Mail. What they don’t tell you is that if a UPS store complains on you, that you loose your account, because you are using a personal account in a retail environment. GP resposnse was “oh well, that happens” When it is 30% of your business and there response was “sorry” !!!
Now DHL is gone. Etc Etc.
I closed my store after heavy losses and now they want to sue me for liquidated damages.
They are more interested in taking your money and investing it in there Teenager Loitering Electronic Device, Used Clothing Store, Printing Store etc. When you go to training it is more about the after hours partying then training. Please KEEP your money !!!! I could go on and on.
Are you familiar with the Goin’ Postal franchise opportunity?
What do you think accounts for the SBA loan failure rate of Goin’ Postal franchise owners?
What steps should Goin’ Postal be taking to stop further franchise failures?
Has Goin’ Postal 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 GOIN’ POSTAL FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER GOIN’ POSTAL FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
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