PJ’s COFFEE: Worst Franchises by SBA Loan Defaults
November 2, 2009
PJ’s Coffee and Tea Café franchise was listed as the 2nd worst. According to Katie Adams of Investopedia:
2. PJ’s Coffee and Tea Café
PJ’s Coffee and Tea Café started out as a small business in New Orleans 30 years ago and only recently began selling franchise rights across the south, southeast and southwest.
It might want to stick to Cajun country – 50% of the franchisees failed on their SBA loans last year.
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