The Baskin-Robbins franchise, which serves the company’s famous 31 flavors of ice cream, as well as frozen yogurt, sherbet, cakes and drinks, has a high SBA loan default rate of 24%.
Are you familiar with the Baskin-Robbins franchise opportunity? Please share a comment below.
Baskin-Robbins has locations in more than 50 countries. Baskin-Robbins is part of Dunkin’ Brands Inc., which also franchises Dunkin’ Donuts. Dunkin’ Brands Inc. is owned by a consortium of private equity companies: Bain Capital, The Carlyle Group and Thomas H. Lee Partners.
Nearly a quarter of the Baskin-Robbins franchise owners who received SBA loans, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay those franchise loans… despite serious incentive to do so.
The Baskin-Robbins Franchise has a failure rate of 24% for SBA-backed franchise loans
According to Entrepreneur magazine, Baskin-Robbins declined from 2,699 US franchises in 2008 to 2,507 in 2011… a decline of 192 units, or 7% of domestic franchises in 3 years.
Are you familiar with the Baskin-Robbins franchise opportunity?
What do you think accounts for the SBA loan failure rate of Baskin-Robbins franchise owners?
What steps should Baskin-Robbins and Dunkin’ Brands Inc. be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A BASKIN-ROBBINS FRANCHISE OWNER OR FORMER BASKIN-ROBBINS FRANCHISEE? ARE YOU FAMILIAR WITH THE BASKIN-ROBBINS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Baskin-Robbins, Baskin-Robbins franchise, Baskin-Robbins complaints, ice cream franchise, frozen dessert franchise, food franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee, Dunkin’ Brands Inc., Bain Capital, The Carlyle Group, Thomas H. Lee Partners