Godfather’s Pizza was flung into the national spotlight when former CEO Herman Cain made a bid for the Republican presidential nomination. What wasn’t highlighted was the fact that Godfather’s Pizza franchise has a disturbingly high SBA loan default rate of 27%.
Are you familiar with the Godfather’s Pizza franchise opportunity? Please share a comment below.
According to the Small Business Administration, Godfather’s Pizza franchisees received 37 SBA-guaranteed loans since 2001; 27% of those loans have been defaulted on by Godfather’s Pizza franchise owners.
Despite the franchise failures in the Godfather’s Pizza franchise program, Godfather’s Pizza continues to solicit franchisees on its website.
What the Godfather’s Pizza franchise marketing page doesn’t disclose is that it’s likely that Godfather’s Pizza franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly one-third were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Godfather’s Pizza opportunity?
What do you think accounts for the SBA loan failure rate of Godfather’s Pizza franchise owners?
What steps should Godfather’s Pizza be taking to stop further franchise failures?
Has Godfather’s Pizza taken serious action to address the problems that led to the 27% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A GODFATHER’S PIZZA FRANCHISE OWNER OR FORMER GODFATHER’S PIZZA FRANCHISEE? ARE YOU FAMILIAR WITH THE GODFATHER’S PIZZA FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Godfather’s Pizza, Godfather’s Pizza franchise, Godfather’s Pizza franchise, Godfather’s Pizza complaints, pizza franchise, pizzeria franchise, pizza, franchise opportunity, restaurant franchise, food franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee, Herman Cain
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I went online and ordered two large pizzas from godfathers pizza in Sharon drive, Lexington Kentucky ...... I received a e-mail staying what time my pizzas will be ready. When I arrived the workers accept for one was in the parking lot talking with someone in a car. And when I asked for my orders the lady behind the counter said what order........ She had to go outside and get I guess the manager. She walks up to me and that their online system been down for a minute. And then asked me do I have 15 minutes to wait for something I already waited 15minutes to get. So my grandkids didn't get what they wanted for dinner ..... Yeah alot of crying.... I feel something needs to be done......