DENTAL FIX RX Franchise Complaints [UPDATED]

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• So Dr. John Hayes heads the Titus Center for Franchising at Palm Beach Atlantic University in West Palm Beach, FL
  http://www.pba.edu/news/titus-advisory-board-18
  "Nearly four dozen franchising experts have answered the call to serve on the Advisory Board of the Titus Center for Franchising, a Presidential Center of Excellence at Palm Beach Atlantic University."

  Among the 31 named (so far) and confirmed to the Advisory board are:

  Carolyn Bolton, chief of staff at Dental Fix;
  Monica Feid, president of BizCom Associates Publisher of Hayes' pay-for-play "Amazing Franchise Opportunities" series.

  I saw somewhere that there are a total of about 15 students in the franchise program... so that means the advisory board has 2X the number of members as there are students? Seems a little fishy.

• I am kinda surprised that Carolyn is still associated with Dental Fix. She got brought on last June from Subway supposedly. I figured she would've exited very quickly.

  What is a "Presidential Center of Excellence" anyways? I wonder if that superlative is defined anywhere.

• They lie to their franchisees, they steal from their franchisees. All they want is to connect to your checking account and milk the account till you cannot do it anymore. Then they resell the franchise. They "forgot" to mention to me that multiple franchisees had already failed in the territory they sold me.
  Although, Brian Dershow, the COO, remembered to tell me about the problems in the territory after my third week of training. Yes, they informed me of the problems after collecting the franchise fee 25K, the training 15K, the van 50k+.

  Too late for me.....I already signed the papers and gave them the money. They won...... I lost!

  Someone will start a class action suit........ I hope.

• There's already a nasty suit against them. Ask other franchisees for the contact info of the guy you should talk to.

• I’m looking at the newest FDD now....why does the 2018 FDD show 81 units at the start of 2015, yet your picture shows 90? Shouldn’t the FDDs be the same for a historic number? That’s a 10% difference.

• Frank makes a good point. The first graphic is the Item 20 of the 2017 FDD. I just posted a screenshot from the Item 20 of the 2018 FDD.

  The 2017 FDD states that there were 90 franchises at the start of 2015.
  The 2018 FDD states that there were 81 franchises at the start of 2015.

  Where did those 9 franchise locations go?

  There are no notes in the FDD (that I could find) to explain the inconsistency.

• Isn’t it written somewhere that Dental Fix stated they do not want people that were or are in the dental repair industry and why is Mike Parker, the most successful owner every year there? Didnt he work with another dental repair company? Also when driving with him on discovery day I asked what he did before dental Fix, no mention of working in the dental field, he said he refurbished yachts inside, installed carpets. Lies lies lies!

• I’m one of the victim of Celtic Bank and Dental Fix Rx “fraud scheme”. This two companies turns my life and my family into a nightmare. Why I call this a “fraude scheme”? Because for me, today that I think about it, and how this persons took advantage of me, advantage of my dream, for this a more, this is a fraud scheme.
  Everything begins with an email showing my interest in the franchise and asking for more information. Couple of hours later Dental Fix Rx franchise sale representative was calling me. Two weeks later I was flying from West Virginia to Florida for a “discovery day”. I clearly remember when the seller ask me, “did you have $25K in cash? I say: I’m close to it, but I had a 401K, and other sources and make them cash quick.” She then say: “I got the person who will get you a $150K SBA (7a) loan. Just call this person, I’ll do the same, and just follow her on everything she says to you, and in less than 30 day you will have that money in your bank”. And guess what? I did...
  Celtic Bank representative sent me an email with an “example” of how to fill a financial statement, sales projections, including overvaluing my house to make my equity higher, just to qualify myself to this $150K loan quickly.
  Everything runs as planned, I quit my job, I pull out my 401K retirement plan, my wife did the same, and we sell our first and only house. All this to follow a “dream”, that 6 months later turned into a nightmare. Had to fill a Bankruptcy Chap 7, had to move to a one bedroom apartment in Puerto Rico, yes to a one bedroom apartment with a family of 4 members, because we loss everything, our jobs, our house, our dreams...

• David Lopez and Dental Fix knew they were deceiving franchisees. The latest comment from Lopez about franchisee's spending government guaranteed Small Business loan proceeds like monopoly money is proof. When I approached Dental Fix and expressed interest in multiple franchises, David recommended that I raise additional capital with an SBA loan and said he had a connection that would make sure I was approved. I had no intentions of borrowing money , but he made it so easy and almost hinted that it was a requirement. After many years of losses I still make a payment to the bank that I borrowed the money from. Just because your business fails it doses not excuse you from making your obligatory payment unless you don't mind your credit bring ruined, your possessions being taken, and your pay garnished. I'm not sure that would be not the definition of monopoly money.
  Dental fix was all about spending monopoly money insisting that we all buy brand new Mercedes Benz vehicles and then outfitting them with about $10,000 of Dental fix equipment so they could charge $20,000 to the franchisee. I did not even need a vehicle but was told it was required that I buy a brand new Mercedes Benz. Oh well it was only monopoly money to them.

• Half these people can’t even spell...their grammar and spelling is atrocious #ThereTheirThey’re