The 1-800-RADIATOR franchise has a high SBA loan default rate of 23%, and we have received disturbing complaints from 1-800-RADIATOR franchisees
(UnhappyFranchisee.Com) Are you familiar with the 1-800-RADIATOR franchise opportunity? Please share a comment below.
That means that 1-800-RADIATOR franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 23% of the time despite having a very serious incentive to do so.
We received a complaint and disturbing story from a 1-800-Radiator franchise owner named LuAna Plonski who claims the franchisor forced them into turning over their store.
“1-800-RADIATOR Stole Our Franchise” – Franchisee
A commenter named LuAna C Plonski wrote to us, stating:
1-800 Radiator stole our franchise, stole our territory that we built, and we got nothing.
Now we are stuck with inventory we can not sell and an SBA loan that we borrowed $200,000 for this business. In my opinion, the 1-800 Radiator franchisor who is actually called Radiator Express Warehouse, Inc. from Benicia, Ca are crooks and they have forced us into bankruptcy.
If you own a franchise or contemplating doing business with these people, don’t! If they did it to us, they will do it to anyone.
LuAna C Plonski
You can read Ms. Ploanski’s full complaint here: 1-800-RADIATOR & AC Franchise Run by Crooks?
1-800-RADIATOR Franchise has a failure rate of 23% for SBA-backed franchise loans
Are you familiar with the 1-800-RADIATOR franchise opportunity?
What do you think accounts for the SBA loan failure rate of 1-800-RADIATOR franchise owners?
What steps should 1-800-RADIATOR be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A 1-800-RADIATOR FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE 1-800-RADIATOR FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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