Comments on: RICKY’S CANDY: Why’d the Princeton Store Close? http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/ The uncensored truth about franchises... from those who own them. Fri, 30 Jul 2010 00:27:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: RICKY’S CANDY, CONES & CHAOS FRANCHISE : Unhappy Franchisee http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-21892 RICKY’S CANDY, CONES & CHAOS FRANCHISE : Unhappy Franchisee Fri, 26 Feb 2010 14:07:20 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-21892 [...] RICKY’S CANDY: Why’d the Princeton Store Close? [...] [...] RICKY’S CANDY: Why’d the Princeton Store Close? [...]

]]> By: Krystal Knapp http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-17921 Krystal Knapp Thu, 17 Dec 2009 02:00:46 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-17921 p.s. Thanks for mentioning my article on your site! p.s. Thanks for mentioning my article on your site!

]]> By: Krystal Knapp http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-17920 Krystal Knapp Thu, 17 Dec 2009 02:00:29 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-17920 I am the reporter who wrote the story about the Nassau Street store closing. I would be glad to do a follow up article or an article for another publication if there is another story to write here about the the history of the company and bigger problems than just the economy. I can be reached at KrystalKnapp@aol.com I am the reporter who wrote the story about the Nassau Street store closing. I would be glad to do a follow up article or an article for another publication if there is another story to write here about the the history of the company and bigger problems than just the economy. I can be reached at KrystalKnapp@aol.com

]]> By: guest http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16620 guest Sat, 21 Nov 2009 12:41:55 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16620 Where is the lawsuit going? What does your attorney say? If you want to build a case you are going to have to prove any criminal activity. What all of you have stated about what he supplied the SEC and the way he operates he committed plenty of felonies and I am sure that is only the start - I would also bring this to the public ,govt officials , IRS- if its in the papers and you have contacted govt officials I am pretty sure the Attorney General would want to get involved. Where is the lawsuit going? What does your attorney say?

If you want to build a case you are going to have to prove any criminal activity. What all of you have stated about what he supplied the SEC and the way he operates he committed plenty of felonies and I am sure that is only the start – I would also bring this to the public ,govt officials , IRS- if its in the papers and you have contacted govt officials I am pretty sure the Attorney General would want to get involved.

]]> By: Former Owner http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16506 Former Owner Thu, 19 Nov 2009 01:06:59 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16506 Has anybody brought an issue to a State level AG's office??? I took a quick look at my states AG website and found a 3 page form to fill out and send in. The focus of the forms is more to help find a resolution. Now, the odds of any meaningful recovery from Rick Barber or Charles Alario is slim. Maybe the question is at what point do the actions of these guys become criminal? Has anybody brought an issue to a State level AG’s office??? I took a quick look at my states AG website and found a 3 page form to fill out and send in. The focus of the forms is more to help find a resolution. Now, the odds of any meaningful recovery from Rick Barber or Charles Alario is slim.

Maybe the question is at what point do the actions of these guys become criminal?

]]> By: guest http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16395 guest Tue, 17 Nov 2009 12:20:59 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16395 "Can someone with knowledge please tell us how come the Attorney General cannot get involved here. If you can advise on in any manner please do." The Attorney General protects "consumers" and this would be classified as a business dispute. The FTC says it will not act on individual cases like this. That's why franchise scams are such a good business. You are stuck financing your own legal case, usually against individuals and companies with little, no or well-hidden assets. “Can someone with knowledge please tell us how come the Attorney General cannot get involved here. If you can advise on in any manner please do.”

The Attorney General protects “consumers” and this would be classified as a business dispute. The FTC says it will not act on individual cases like this. That’s why franchise scams are such a good business. You are stuck financing your own legal case, usually against individuals and companies with little, no or well-hidden assets.

]]> By: guest http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16393 guest Tue, 17 Nov 2009 11:59:23 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16393 From http://www.secinfo.com/d19T7u.u4.htm "RCCC currently operates one store located at 140 Nassau Street, Princeton, New Jersey.... As shown in the accompanying financial statements, the Company has had recurring losses from operations. For the years ended December 31, 2006 and 2005, the Company had a net loss of $122,519 and 142,517 respectively; and, has a net retained deficit of $433,887 and a net working capital deficit of $413,887 as of December 31, 2006." "...The Company owes money to an affiliated corporation, Ricky’s Franchise Group, Inc. (RFG). RFG loaned funds to the Company and is payable on demand to RFG. No interest has been accrued on this amount. The total amount outstanding was $59,397 and $13,700 for the years ended December 31, 2006 and 2005 respectively." This seems to indicate the Princeton prototype was never profitable and kept afloat from interest-free loans from the franchise entity... meaning franchise fees. Correct? From http://www.secinfo.com/d19T7u.u4.htm

“RCCC currently operates one store located at 140 Nassau Street, Princeton, New Jersey…. As shown in the accompanying financial statements, the Company has had recurring losses from operations. For the years ended December 31, 2006 and 2005, the Company had a net loss of $122,519 and 142,517 respectively; and, has a net retained deficit of $433,887 and a net working capital deficit of $413,887 as of December 31, 2006.”

“…The Company owes money to an affiliated corporation, Ricky’s Franchise Group, Inc. (RFG). RFG loaned funds to the Company and is payable on demand to RFG. No interest has been accrued on this amount. The total amount outstanding was $59,397 and $13,700 for the years ended December 31, 2006 and 2005 respectively.”

This seems to indicate the Princeton prototype was never profitable and kept afloat from interest-free loans from the franchise entity… meaning franchise fees. Correct?

]]> By: Guest http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16342 Guest Mon, 16 Nov 2009 15:36:15 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16342 The truth is coming out and anyone with knowledge that has been following this case can see for themselves what has happened here. The facts are all there along with tons of proof, but this case has to get court in order to stop these thieves who committed fraud when they sold the franchisees a Ricky's concept that never had a chance. The problem we are facing is that getting to court takes time, especially when you are dealing with individuals that know how to work the system. One individual has been doing this type of scheming for years and has basically been getting away with it. . The Ricky's franchisees are asking for help here since we need to stop these individuals from ruining any more lives. We need this story to get on the news, in the news, passed on thru the internet in order to protect unsuspecting innocent people. They are still out there trying to sell Ricky's franchises at the expense of all the previous owners. They have no feelings what so ever for the franchisees that have lost the homes they lived in, some have even lost their vehicles. Many were forced to claim bankruptcy, divorce, have medical conditions, etc. These are all responsible people who had decent jobs, excellent credit, etc. and have lost it all due to buying a Ricky's franchise. The franchises were bought when the ecomnomy was booming and the downfall had nothing to do with the present economy. MORE LIES! One of the partner's wives has a business where she is actually making money being a spiritual counselor to those in need. As stated aboe $100.00 an hour, maybe we should go to her for help. How can she be married to someone and couselling peopole in need while her husband is defauding innocent people. The other one goes to church on Sunday and in his spare time he goes to the beach to restore his soul. Sounds like they have not lost anything and the franchisees are all stuggling on a daily basis. This is all because of a fraudulent scam which these individuals put together in their spare time. Can someone with knowledge please tell us how come the Attorney General cannot get involved here. If you can advise on in any manner please do. If there are any more individuals out there, please contact thru this web-site. You can even go on the Ricky's web-site which still has many stores listed with their e-mails. Please get involved in order to protect unsuspecting indivuduals that may fall into their trap. The truth is coming out and anyone with knowledge that has been following this case can see for themselves what has happened here. The facts are all there along with tons of proof, but this case has to get court in order to stop these thieves who committed fraud when they sold the franchisees a Ricky’s concept that never had a chance. The problem we are facing is that getting to court takes time, especially when you are dealing with individuals that know how to work the system. One individual has been doing this type of scheming for years and has basically been getting away with it. .

The Ricky’s franchisees are asking for help here since we need to stop these individuals from ruining any more lives. We need this story to get on the news, in the news, passed on thru the internet in order to protect unsuspecting innocent people.

They are still out there trying to sell Ricky’s franchises at the expense of all the previous owners. They have no feelings what so ever for the franchisees that have lost the homes they lived in, some have even lost their vehicles. Many were forced to claim bankruptcy, divorce, have medical conditions, etc. These are all responsible people who had decent jobs, excellent credit, etc. and have lost it all due to buying a Ricky’s franchise. The franchises were bought when the ecomnomy was booming and the downfall had nothing to do with the present economy. MORE LIES!

One of the partner’s wives has a business where she is actually making money being a spiritual counselor to those in need. As stated aboe $100.00 an hour, maybe we should go to her for help. How can she be married to someone and couselling peopole in need while her husband is defauding innocent people. The other one goes to church on Sunday and in his spare time he goes to the beach to restore his soul. Sounds like they have not lost anything and the franchisees are all stuggling on a daily basis. This is all because of a fraudulent scam which these individuals put together in their spare time.

Can someone with knowledge please tell us how come the Attorney General cannot get involved here. If you can advise on in any manner please do.

If there are any more individuals out there, please contact thru this web-site. You can even go on the Ricky’s web-site which still has many stores listed with their e-mails.

Please get involved in order to protect unsuspecting indivuduals that may fall into their trap.

]]> By: Guest http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16339 Guest Mon, 16 Nov 2009 14:27:58 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16339 The story gets better with Rick Barber trying to sell stock with a reverse IPO with a shell company called SPYRUS, Inc Below is a link to a SEC filling with financial information on Ricky's Candy (the store) and RFG (the franchise) page 59 of this filling is the smocking gun. While Rick Barber was out "touting" the success of the franchise this is what was going on behind the scenes. http://www.secinfo.com/d19T7u.u4.htm Rick Barber may be toast, but Charles Alario is still out there working the next deal. Buyer beware. Harold's Famous Deli The reference to Toll Brothers, the home builders of luxury homes in the was a metaphor for the booming economy. While the economy was booming and people were spending money like water Ricky's was swimming in RED INK. The story gets better with Rick Barber trying to sell stock with a reverse IPO with a shell company called SPYRUS, Inc Below is a link to a SEC filling with financial information on Ricky’s Candy (the store) and RFG (the franchise) page 59 of this filling is the smocking gun. While Rick Barber was out “touting” the success of the franchise this is what was going on behind the scenes.

http://www.secinfo.com/d19T7u.u4.htm

Rick Barber may be toast, but Charles Alario is still out there working the next deal.

Buyer beware. Harold’s Famous Deli

The reference to Toll Brothers, the home builders of luxury homes in the was a metaphor for the booming economy. While the economy was booming and people were spending money like water Ricky’s was swimming in RED INK.

]]> By: ADMIN http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/comment-page-1/#comment-16285 ADMIN Sun, 15 Nov 2009 16:32:44 +0000 http://www.unhappyfranchisee.com/rickys-candy-whyd-the-princeton-store-close/#comment-16285 The story left me with many questions. Here are a few. The Princeton store's rent was more than $175,000 and required a deposit of $75,000. It was raised to $188,000 per year. Could a 3000 sf candy store in Princeton ever sell enough candy to be profitable with that rent, or was this just a PR & franchise sales showcase used to sell the story and harvest franchise fees? Who are the Toll Brothers? What's the status of the lawsuit(s)? The story left me with many questions. Here are a few.

The Princeton store’s rent was more than $175,000 and required a deposit of $75,000. It was raised to $188,000 per year.

Could a 3000 sf candy store in Princeton ever sell enough candy to be profitable with that rent, or was this just a PR & franchise sales showcase used to sell the story and harvest franchise fees?

Who are the Toll Brothers?

What’s the status of the lawsuit(s)?

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