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Log In / Register | Nov 25, 2014

Worst Franchises with the Highest Loan Defaults, 2013

Huntington Learning Center
Photo by Blue MauMau

Ten franchisors have left taxpayers on the hook for 21 percent of all franchise loan charge-offs for the Small Business Administration.

The Road to Carvel Is Paved with Franchise Failure

The Carvel chain has melted over the years from its high of 850 franchises to a puddle of 367 franchises. The Street reports that only 275 are full-service shops. Carvel, bought by private equity firm Roark Capital Group in 2001, wants change. The 80-year-old brand has a plan to put lipstick on this franchise pig.

Kahala Acquired in Auction by Serruya Family

Kahala sold to Serruya Family
Kahala bought by Serruya Family of Canada. photo/bmm

TORONTO – The Serruya family today announced that they have acquired a controlling interest in Kahala Corp., owner of Cold Stone Creamery and many other franchised brands. The transaction was completed on Monday.

PODCAST: California State Senators Hear Franchise Owners Speak on Need for Good Faith in Franchise Relations

(PODCAST) SACRAMENTO — California state senators listened to franchise owners and associations ask for passage of Senate Bill 610 yesterday. Authored by Senator Hannah-Beth Jackson [D-Santa Barbara], the bill was crafted to bolster good faith in a franchisor's dealings with franchisees and the right to associate without fear of reprisal.


21:23 minutes (4.9 MB)

Former Multiunit Franchisee Paints Dim Picture of Cold Stone Creamery

former Cold Stone Creamery multiunit franchisee Frank Caperino of San Diego
Former Cold Stone Creamery multiunit franchisee Frank Caperino

SAN DIEGO — Former Cold Stone Creamery multiunit franchise owner and once president of its franchisee association, Frank Caperino, speaks with Blue MauMau about how Cold Stone Creamery has lost the love of the brand. Caperino paints a dim scene scene of buying and running a franchise with under the Cold Stone Creamery brand.


12:29 minutes (5 MB)

Judge Denies Motion by Cold Stone Franchisee to Dismiss

Cold Stone Creamery sign - closed for the day. Photo/pws

PHOENIX – A district court has denied a Miami-based franchisee’s motion to dismiss Cold Stone Creamery’s filing to compel arbitration in Arizona. In doing so, the judge explained that the franchisee had not responded to the franchisor’s opposition motion.

Although Unable to Pay Bills, Cold Stone Owner Said on CNBC He was Profitable

L-R: Franchisee Rudy Puig and franchisor president Dan Beem
Franchisee Puig (left) and Cold Stone's president Dan Beem speaking on CNBC

MIAMI – Cold Stone Creamery franchisee Rudy Puig was spotlighted on national television in 2011 exclaiming to viewers, “All my stores have been profitable,” but court records show otherwise.

Cold Stone Goes after Franchisee Assn Leaders

Cold Stone Creamery

PHOENIX – After Cold Stone Creamery recognized a new independent franchisee association, the franchisor turned its back on those very franchisees who dared ask for too much—more transparency.*

What We Can Learn from the Cold Stone Creamery Franchise

The Cold Stone Creamery franchise is replete with a history of problems that include franchisee lawsuits and an exposé in the Wall Street Journal.

Franchisee Group Sues Cold Stone

Franchisees say its time for Cold Stone Creamery to give an accounting of Gift Card
A Cold Stone Creamery, photo/blue maumau; Gift Card/Cold Stone web site

MIAMI – The law firm of Zarco Einhorn Salkowski & Brito, PA filed a lawsuit today on behalf of an independent franchisee association against franchisor Cold Stone Creamery for failing to give its members an accounting of monies collected from third-party vendors and the franchisor's gift card program.