And the disclosures from people were not true. Or what if the lawyer you went to didn't guide you well or disclose the important facts of the UFOC. My husband and I visited several of the businesses we were interested in. What if the company disclosed an icon in the business was there and in truth wasn't? What if the company is so new everyone is still in the honeymoon stage. Which many were. So many of the people we had called disclosed to us everything was going great for them. I know of one club a lady did do killer due diligence. Like me asked many guestions only to be lied to. What if the company stops answering your phone calls only to talk to my husband who related everything looks good. What if the company doesn't bring up due diligence and many of the people didn't even have a clue what it is? Are we all lazy is all the lies they told us our fault? Now after we closed I have been doing killer due diligence. After a year there is more information out there. If we had all the information today we would have never signed. After all of this I did do due diligence about the mangerial contract they offered us to find out many who did were screwed even more. I do not want to have anything to do with this company now. They have hurt too many people. Instead of looking or even considering them taking over our club I decided I couldn't trust them. I have never been lazy ever. I believe our mistake was we put our trust into people who are crooks. A good business or business person discloses material facts that would ultimately effect your decision to sign or not to sign. Sure there were things we could of done better but misrepresentation are lies period. Anything that induces you into signing a contract that isn't true is against the law and normally voids the contract in most business transactions. Let me remind you many who decided to do this were professionals and successful in raising their families and had money to spend on a new business. Which they lied in the first place about it being your own business. Did it ever occur to you many of the phone numbers on our UFOC they gave us the club's phone numbers and it was impossible to reach them since they went out of business. I even asked direct guestions to the sales rep like: What kind of people are at the top? The sales rep said he was a Christian like I am. I asked him is Brooksy the CEO a Christian man? He said yes. He lied. That was important to me to see if the people at the top had values like me. I am a business women and I stick to the golden rule. I have also learned to ask direct guestions. Calling people doesn't work because they may be starting out also. From our marketing material to our equipment it was all lies. I will not take responsibily for their misrepresentations, fraud and non-disclosures. What I have learned here is due diligence involves time to see if they are liers. By the way the lady that I know did killer due diligence signed the franchise agreement. Lazy is not the issue here. We do not think like the zor who is bad. We trust because we can be trusted. Do we trust now? No. To carry due diligence further it takes time and money. We should of never opened after the build out. It ate most of our working capital. We felt trapped. Like so many did. Lazy is not the issue here!!
What if you did due diligence
On Taking Responsibilty (76 replies) Sat, 2008/03/01 - 10:48
- What if you did due diligence (2008-03-01 12:37)
- pardon me... (2008-03-01 13:56)
- Franchise Due Diligence (2008-03-01 13:57)
- You are right (2008-03-01 16:03)
- I am a people person and (2008-03-01 16:23)
- The Road to DD Damascus... (2008-03-01 17:18)
- Once again, "Christian" values (2008-03-02 15:53)
- Thank you, Michael. (2008-03-02 18:41)
- Cromwell was simply getting even (2008-05-17 00:11)
- Apostasy citation (2008-05-17 11:22)
- It is about risk (2008-03-02 09:41)
- DD and Fitness Business (2008-03-02 13:32)
- Post Sale Opportunism (2008-03-02 13:11)
- I agree with you (2008-03-02 16:49)
- 123 Fit...that's Schaden (Quiznos) other company!! (2008-03-03 10:23)
- It is the only business (2008-03-08 12:03)
- The Commitment Problem... (2008-03-02 15:02)
- What do you mean by whacked by Fuwa? (2008-03-02 15:20)
- The Commitment Problem... (2008-03-02 15:38)
- In-Term Opportunism (2008-03-02 16:06)
- People at the top (2008-03-02 17:19)
- DD and Fitness Business (2008-03-03 10:36)
- 123 FIT (2008-03-03 14:16)
- Don't forget the other 2 devils. (2008-03-03 16:58)
- Yes I knew (2008-03-03 18:16)
- Michael writes: (2008-03-03 22:38)
- 123 fit (2008-05-16 22:04)
- Off Topic (2008-05-16 22:13)
- In business it is about building relationships. (2008-03-02 16:12)
- This is a ridiculous response (2008-03-03 15:14)
- How do you explain all the stores closing??? (2008-03-03 15:40)
- Unload a 123 fit or a Quiznos (2008-03-03 16:54)
- 123 fit, "Typically franchisees fail because......." (2008-03-03 18:01)
- 123 Fit reply (2008-03-03 18:10)
- Retention Models (2008-03-04 07:00)
- Use you marketing material (2008-03-04 15:25)
- 123 Fit "opportunities" (2008-03-04 17:44)
- If we did exactly what corporate (2008-03-08 12:09)
- How could we have enough money (2008-03-08 13:51)
- Do you want to know how to loose $300,000 in 9 months (2008-03-03 16:21)
- there is no way (2008-03-04 14:06)
- 4600 Quiznos still open in US (2008-03-03 21:16)
- Misguided and Untruthful (2008-03-04 08:33)
- Prove it!!! (2008-03-03 22:24)
- You lie and again I say you lie!!! (2008-03-03 22:51)
- 4600 Quiznos? (2008-03-04 00:13)
- Misguided and Untruthful (2008-03-04 13:17)
- I can't believe you talk about due diligence now (2008-03-04 12:39)
- I will not take responsibilty (2008-03-04 09:09)
- You must be a second generation zee (2008-03-04 09:57)
- TIF, we missed you... (2008-03-04 10:01)
- Yes I can (2008-03-04 14:52)
- lady in Florida (2008-03-04 17:54)
- To really find out the truth (2008-03-08 10:27)
- Google 3000 Quiznos lawsuits (2008-03-04 11:28)
- Wow (2008-03-04 13:36)
- Misguided and Truthful - Edited Version (2008-03-04 17:15)
- In Need of Medical Attention (2008-03-04 20:15)
- No (2008-03-04 21:29)
- 123fit (2008-04-25 17:47)
- How long have you been opened? (2008-04-25 17:55)
- 123fit (2008-04-25 22:03)
- How do I know your (2008-04-25 23:14)
- Not from corporate (2008-04-26 20:57)
- Which one? (2008-04-26 21:06)
- Which one? (2008-04-27 01:55)
- Which one? (2008-04-26 21:06)
- Not from corporate (2008-04-26 20:57)
- How do I know your (2008-04-25 23:14)
- 123fit (2008-04-25 22:03)
- How long have you been opened? (2008-04-25 17:55)
- You are wrong (2008-03-04 12:17)
- Bubba (2008-03-04 14:36)
- Bubba (2008-03-04 14:59)
- Re: paragraphs (2008-03-04 20:43)
- I am not challenging the whole industry (2008-03-04 20:55)
- It is not about industry or helping others (2008-03-04 21:07)
- I can't believe you (2008-03-14 21:00)
- Thanks! (2008-03-04 13:19)
- Paragraphs (2008-03-04 17:16)
- Very funny (2008-03-04 21:02)
- 123fit (2008-04-25 17:47)
- 123 fit (2008-05-16 22:04)
- Cromwell was simply getting even (2008-05-17 00:11)




newswires
forums
calendar
tools