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Log In / Register | May 23, 2012

Sona MedSpa "The Rest of the Story"

Posted Sun, 2007/08/19 - 16:26 by kcoady8482

A Franchisee's Story, Part 2: Professionals Lost Millions

Sona MedSpa is a true American tragedy; where many families lost their entire or a substantial part of their life savings.  The losses are well in to the millions of dollars that these various families lost.  It is about an imperfect if not actually fraudulent franchise model which simply did not work against any known medically proven concept.  The business model was based on at best a deceptive cash based financial model.  This is a story about highly professional people (CEOs, JDs, MBAs, CPAs, MDs and other Professionals) who bought in to a “turn key” concept with a high cost of entry and then over time failed. 

Sona Medspa, A Franchisee’s Tale

Posted Sun, 2007/08/19 - 16:22 by kcoady8482
With $400,000 Awarded To Franchisee, Franchisor and IFA Try To Spin Awardings As Insignificant

As a party very interested in assuring that the truth is told about Sona MedSpa and my Arbitration case I have written the following response to comments of an arbitration “win” from Heather Rose.

Heather Rose, CEO of Sôna MedSpa stated, "This case was one of a string of cases brought against us. The coordinated attack on our business has utterly failed. We are pleased with the result of this arbitration, and even more pleased that our franchise partners are enjoying prosperity in their Sôna MedSpa businesses." - BusinessWire, June 7, 2007

I also want to respond to what Matthew Shay said in Franchise Times, June 2007 about the Sona arbitration. Mr. Shay is the chairman of the International Franchise Association (IFA), a position that Jim Amos of Sona Medspa fame has once shared and an organization he is active in.