Thanks Original Soupman for the Warning

Thanks Original Soupman for the Warning

Submitted by Guest on Mon, 2007/09/03 - 12:28.

Thanks for getting out here on Blue Mau Mau and telling us this story.

Do you realize that the UFOC that is supposed to be a document that enables you to "assess the risk of the investment and compare it with other investments" is really just a red herring of hundreds of pages of information that obscures the actual and franchisor- KNOWN statistical risk of the investment?

While the franchise agreement you signed and the UFOC do warn that there is risk and no guarantee of success, and that anything that was said to you outside of the contract doesn't count, this is all an artifice to prevent ZEES from learning how many businesses actually succeed and at what cost do they finally succeed. The franchisors almost protect themselves in the franchise agreements for their faulty estimates for start-up and breakeven and those ZEES who dig the hole deeper to try to get to breakeven to prevent losing their entire investments eventually can't dig for funds any more. All this time, the franchisor is earning profits off of all of the struggle you are engaged in to prove his "unproven concept" in the marketplace.

Government supports franchising and weak and ineffective disclosure because franchisees are logs on the fire of development in the years they remazin standing and provide jobs and tax revenue and profits for the franchisors. The franchisees are silenced in failure.

Talk to your elected representatives at State and Federal level. The UFOC is nothing more than a license to steal for those who will steal the life savings of innocent Americans who believe in their government and The American Dream ---that is so often the American nightmare.

This is an American Scandal but the dirty little secrets of franchising are hidden from the Americasn Public and enabled by an ugly status quo and a FTC who is in bed with the IFA.

Get mad as hell and try to spread the word.

Check and see if "Soupman" is still on the SBA Franchise Registry for a "quickie" loan from government and think about what this means.

Small Business Administration By: Mr. Blue MauMau (59 replies) Mon, 2007/07/02 - 12:59