Pak Mail franchise opportunity: Are you considering it?
Be aware that data released by the Small Business Administration (SBA) indicates that Pak Mail franchise owners who qualified for SBA-backed franchise loans have a high loan failure rate of 28%.
That qualifies Pak Mail for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the Pak Mail franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are an Pak Mail franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
Pak Mail franchise owners have an alarming 28% SBA default rate.
The apparent drop in Pak Mail franchises in recent years is also a cause for concern.
|Pak Mail Franchise|
|Pak Mail U.S. franchises in 2008:||340|
|Pak Mail U.S. franchises in 2011:||268|
|Growth in franchise units 2008 – 2011 (#)||-72|
|Growth in franchise units 2008 – 2011 (%):||-21%|
|SBA loans granted since 2001:||66|
|SBA loan failure rate:||28%|
|Sources: Entrepreneur (growth), Coleman report (SBA)|
The inability to repay an SBA-backed loan (or any franchise loan, for that matter) indicates a serious situation for the franchisee.
It’s likely that Pak Mail franchise owners who received SBA loans may have collateralized their franchise loan with their homes or other personal assets, and many were unable to repay those franchise loans… despite the serious incentive to do so.
Are you familiar with the Pak Mail franchise opportunity?
What do you think accounts for the SBA loan failure rate of Pak Mail franchise owners?
What steps should Pak Mail be taking to stop further franchise failures?
Has Pak Mail taken serious action to address the problems that led to these loan failures?
Please share a comment (anonymous is fine) or Contact UnhappyFranchisee.com.
ARE YOU FAMILIAR WITH THE PAK MAIL FRANCHISE OPPORTUNITY? ARE YOU A CURRENT OR FORMER PAK MAIL FRANCHISE OWNER? PLEASE SHARE A COMMENT BELOW.
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