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Sustainable buildings are more than an assortment of "green building" features. Building design and actual performance must be compared to benchmarks or targets for a truly sustainable environment in terms of resource consumption and pollution emission. As we attempt to improve the http://homapage.hostei.com indoor climate (air, thermal, illumination, and acoustic quality) in buildings, we run up against the constraints of resource availability and the effects of their use. In particular, we are challenged to find ways to ventilate, heat, cool, illuminate buildings with minimal consumption of energy.
Yes I am interested , we can keep in touch via gmail ; [email protected]
do you have any information regarding the spa for girls called Sweet & Sassy?
What questions should I ask of them?
Chens are opening a new Discovery Point. They are perhaps going to suffer and paid for that service. New market, new target, new SBA arrangements. This franchise changes corporation names during closing and SBA cannot track them with the loan failures. Noticeably another immigrant couple, who believed in the US system- they will soon have a lesson of a life time from a college drop out.
"Owners, Jan and Hong Chen, are excited to open the first Discovery Point Child Development Center in North Carolina. “Our goal is to build a premium childcare facility where quality and care are top priorities,” said the Chen’s."
Some franchisee is doomed. Feel sorry for them.
This is very much great and hope fully nice blog. Every body can easily found her need able information. I am visit first time but I fond many use full article. I will back again when get time.
I couldnt agree more with the comments of the visitor on 3/27/14...I wanted to add the following:
1. In the franschise agreement there is a clause that prohibit the franchises from speaking negatively about Snap...why? what happened to free speach?
2. They have a forum where owners share ideals, comments and complaints...the forum is scrubbed for anything negative.
3. After 4 years in development, they recently rolled out a new propreitary software called Fitware..the old system was $45 per month. Snap charges $69 for their home grown system...this would be fine, but the volume of billing issues has risen and while the agreement causes $5 for every new member, owners are getting charged $5 for existing members...where was the testing and doing a trial rollout to see the bugs in the system...as usual the response has been silence
4. Trying to sell the business, dont go with FastFD. They are fools..normal business broker would charge 10% or $10k...these guys charge 15% or $12K...and the lead system consist primarily of sending emails to your own members.
5. While you are prohibited from essentially any affiliation from another fitness related company for 10 miles from your existing club...Peter Taunton and Gary Findlay can do anything they want. Check out 9 rounds and Koko fit...shouldnt they be focusing on Snap?
The probable reason franchisees walk away is because of the $80 bucks a week flat rate royalty. I wonder if Coffee News sues for that $80 per week as an outstanding obligation.
If Coffee News were a sales force the sales people may make enough money to stay on. But because its a franchise with a weekly $80 obligation,they don't have many options but to close.
Does anyone know if Coffee News chases the franchisees for the back Royalties? Or do they just terminate them and try to sell it again to one of Barnum Bailey's sucker that's born every minute.
I thought that the "certification" was real. But in fact, it is just an honor one employee has given another. The FBA Certification is just something that give each other and then endorse each other. I'm going to call myself a King and then make my son a Prince. Then I'll ask him to say "He's the best King ever and the smartest too" Then I'll give my son an endorsement calling him the best son and Prince ever.
It appears that people will invent little trinkets and logos to praise themselves and each other. And to beef up their credentials. Perhaps I am niave?
That sounds crazy. no wonder they terminate so many franchisees, they stop paying the $80 bucks a week. Then they get terminated and Coffee News sells it to another sucker. Isn't that referred to as "churning"?
Please send me what you know
The model needs some adjustments to make it work better for the franchisees.I just read the FDD and these are my suggestions to fix the model for franchisees in the US. If the Franchisor is unwilling to do that becuase termination machine makes him more money.
Then frachisees left in the system should organize and form an independent franchisees association.
I'm looking for independent people looking to own their own business. You look for locations for ATM machines. My company trains you how to that in a fast efficient manner. You get pedi anywhere from $400 - $900 up front per placement plus monthly residual income based on the number of locations you place. Our company does everything else! You find the location and we do the rest! We ship the ATM machine, install it, maintain it, load the paper, and load the cash via an armored truck service. Call Mike at 518-763-4000
If you're thinking about purchasing an existing Snap Fitness or open a New Snap Fitness here are some things you should be aware of
In a brief summary:
1. Snap Fitness requires you to sign a document stating that your customers' information is their proprietary data. This greatly hampers your ability to sell your business to someone who doesn't want to run it as a Snap Fitness.
2. Snap Fitness continues to push their 30 day trial. Snap Corporate collects the $8.95 fee, you collect nothing. This trial member gets to use your club and you collect $0. Snap Corporate claims that this brings in more people to try out your club. We've spoken to over 200 franchisees and found that the number of people trying out the club has not increased. Snap Corporate claims that this is false and points to their data as showing a ramp up in people trying out the club. Unfortunately most franchisees keep their own data on people who are trying out their club and this information isn't in Snap's Corporate data. When first started this program wasn't run during busy times of the year and was only advertised on the main snapfitness.com website. It wasn't on the individual club websites. However, even with that franchisees still asked for this to be an opt-in program. Corporate refused and over the last couple of years has made it a year round program and it now shows up on every franchisee's club page. Also of note is that the franchisee pays a fee of about $60/month to Snap Corporate for their webpage. One of the biggest problems with this program is that franchisees can no longer tell what advertising is effective. The reason being that when someone goes to the website as a result of the club's advertising they click on the 30 day trial. The club owner loses any information about where they person found out about their club. Many owners have resorted to creating a separate website and directing their advertising to that website. So then the question becomes why do they have to pay Snap Fitness for a website which is for the primary benefit of Snap Corporate?
3. Snap Fitness reach somewhere in the neighborhood of 1800 clubs around the 2009/2010 period before shrinking down to about 1200 clubs. Now, in 2014 I believe the number is about 1400. Currently Anytime Fitness shows on their website that they have 2469 clubs. I know very little about Anytime Fitness, but I'm guessing by their numbers that they treat their franchisees better.
4. Snap Fitness continues to find new things to require their franchisees to subscribe to and pay for, regardless of whether the franchisee believes it is helping them. They charge $30/month for one of their tools. It's of very little use. It's been mandatory for over a year. Now let me ask you this: If the tool was a benefit to me and helping me improve my business do you think I would stop paying for it and stop using it? Of course not. However, that's not an option. This tool is mandatory whether you use it or not.
5. Snap has their own phone system, which is mandatory. You'll pay Snap $50/month for this system. It's a nice system. However, prior to that I paid $9/YEAR for magic jack. It did the job. The new system costs me an additional $591/year. Again, no choice. This is mandatory.
6. Others have mentioned that you pay additional for anything you buy from a preferred vendor. You can scan through the other posts for details, but I will confirm that this is true. A friend of mine owns a fitness center in another town. He has 3 fitness centers all together. His quote for the same Cybex equipment was cheaper than my "special" pricing. With 1400 Snap Fitness locations shouldn't I be receiving better pricing? My shipping costs were also $300 more than his. I've also found the computers, cameras, door systems and everything else were far more expensive than if I bought them elsewhere. In most cases far less expensive. I believed that all of these things were highly customized and tuned for my fitness center and that these things needed to conform to standards in order to interact within the system. In fact they're not. Better computers, TVs, camera systems, etc can be purchased for far less. If you ignore my warning and open a new Snap franchise I would encourage you to insist that you be able to purchase these types of items on your own. You'll save thousands of dollars.
7. Snap's software is awful. Trying to find out what you're being charged for in terms of members is time consuming and most franchisees simply give up.
8. You'll have to pay about $90/month for marketing. That would be fine if you started seeing some sort of national Snap campaigns. Instead that $100 is used for posters you can use to hang around your club. It's convenient, but some are specifically for Corporate's 30 day trial program, which go straight into the trash. A more fair price would be about $20 - $30.month. Any advertising anyone sees for Snap Fitness will be a result of your advertising. We spend about $7,000/year on advertising. However, as I noted above we're no longer able to see what advertising is working if you direct people to your snapfitness.com/city website.
9. Snap Fitness franchise contract has a highly restrictive non-compete clause in it. You need to read this closely
10. Snap Fitness owns 9round, Kosama and other fitness clubs. The franchise agreement you MUST sign allows them to open a club right next to yours and use all of your member data for them to market their new club. Read above that they consider this to be their proprietary data.
10. As a franchisee you must allow Healthway members to use your club. These can be anyone who has this as part of their insurance program. Snap Fitness collects a monthly administration fee from you of $40. These insurance members can use your club and the insurance company only pays you when the member swipes their card at the door. The insurance company pays you a small amount for each swipe and caps the amount they pay per month. The cap is roughly 72% of what we normally charge. If the person doesn't come in that month you still pay the administration fee and pay Snap Corporate for that person being a member. Meanwhile you've collected $0 that month.
The overall trend is to make more money for Snap Corporate, which is understandable. However, it should come from helping franchisees bring a better workout experience to their members. Instead Gary Findley looks at new fees he can burden clubs with and how he can divert local club money to Snap Corporate (eg 30 day trial program and Healthways)
I saw the following on a post from a couple years ago. Because most of this is accurate I'm reposting. (However, this isn't my content) Again, I would highly discourage you from purchasing a Snap Fitness franchise. They don't provide you with any national advertising, there's nothing special about their fitness centers (If you go to a gym you already know about 95% of what you need to know, go to a fitness convention to learn the other 5%) It's also far more work than they portray it. I put in 12 hours a day. I don't see how anyone can make this work as an absentee owner. You also need to be open far more hours than they indicate. If you only have staffed hours 3 to 5 hours a day I don't see how you can make it. Your club WILL be dirty, you'll run out of supplies and your members will run like rats from a sinking ship.
Why is Snap Fitness a bad invesment? (Or any other 24/7 for that matter? ANYTIME?) Read below and if you're not convinced, please contact Bill Rodriguez ASAP as there are HUNDREDS IF NOT THOUSANDS of territories still available! Sign up now while the line is as short as it gets, NONE!
Tom Petters sentenced 50 years for ponzi scheme. Paul Taunton was partners with Tom Petters. Peter Taunton is Paul Taunton's twin brother. You with me? Still want to purchase a Snap Fitness franchise from Peter Taunton, CEO?
(Even the lawyers get in on the action and are being pursued on drug charges)
PETER TAUNTON, CEO SNAP FITNESS = Case # 24040055, Court File # K598001371, Disposition Date 3/18/1999, Minnesota Attorney General's Office St. Paul, Kaniyohi District Court, Theft-by Swindle-Artifice/Trick/Device or Other, Statute # 609.52.2.4., CONVICTED
FACTUAL INFORMATION WITH EVIDENCE...
1. Peter Taunton was convicted of swindle in 1999.
2. Paul Taunton was in a partnership with a person named in a ponzi scheme. (Tom Petters)
3. Peter and Paul have both been involved with franchising companies with "ponzi type" business models, Snap Fitness and Athletic Fitters,Inc.
4. Peter Taunton has continually embellished the financial potential of Snap Fitness clubs. "Running these gyms is a breeze", "Snap Fitness could realistically add another 100 locations in Minnesota", "typical Snap Fitness club can break even with as few as 220 to 250 members".
5. Read about Paul and his "honesty" during his divorce. http://www.nvo.com/beaulier/businessvaluations/ and http://divorce.lovetoknow.com/Divorce_and_Business_Valuation Now these cases are being used to solicit business for divorce attorneys!
6. Peter and Paul Taunton are twins.
WHY DO SNAP FITNESS FRANCHISEES FAIL?
Why do Snap Fitness franchises fail?
1. Inaccurate representation of potential financial success by corporate
2. Factual statistics about financial health of current franchisees "not available"
3. Weak business model
4. Inadequate support provided to franchisees by corporate
5. "No contract" memberships become a liability in time
6. Billing, software and technical equipment continually have issues
7. Requires turnover of staff to keep costs low. Revolving door employees.
8. Return on investment, if any, is scant and unjustified for the amount of risk
9. CORPORATE IS MAKING HUGE PROFITS WHILE FRANCHISEES ARE WIPING OUT
PETER TAUNTON = Case # 24040055, Court File # K598001371, Disposition Date 3/18/1999, Minnesota Attorney General's Office St. Paul, Kaniyohi District Court, Theft-by Swindle-Artifice/Trick/Device or Other, Statute # 609.52.2.4., CONVICTED, Probation Sentence - 2 Years
PETER TAUNTON AND SNAP FITNESS DIRECT QUOTES: (EMBELLISHMENTS)
"Running these gyms is a breeze," Taunton tells prospective franchisees in a weekly conference call. "All you need is an Internet browser."
"Snap Fitness claims that the fitness industry is "recession proof"
"Franchisees benefit from the absentee ownership model, Taunton says, which allows one manager to man the location between 15 and 20 hours per week."
"Snap Fitness could realistically add another 100 locations in Minnesota since it can place its 2,700- to 3,200-square-foot clubs in communities with as few as 3,000 people."
Taunton said he’s found the typical Snap Fitness club can break even with as few as 220 to 250 members.
PETER'S FAN CLUB: By Guest2010-01-25 21:52 (Read the entire post using the date to find in the "Anytime Fitness or Snap Fitness" forum) Peter Taunton's Snap Fitness; "Beware. I know Peter Taunton , and I believe wholeheartedly that he is as shallow and dishonest as one can be. In my opinion, he is a con artist through and through and I think he is capable of scr_wing anyone who gets in the way of him making his almighty dollar; the dollar seems to be his god."
Go to this forum to read more: http://www.bluemaumau.org/franchise_horror_stories
POSTED 8-20-10 and 3-15-10
"Snap Fitness is a group of con-artists. They first send a packet promoting how easy it is to run a small fitness center. The CEO Peter Taunton even goes to the extent of mentioning he's a Christian to get people's guard down. In the informational packet, they'll lead you to believe they're out to save you money. There's a Cybex price list that says, Snap Pricing/ Cybex Pricing. The Snap pricing on Cybex is 30-40% less on most items over Cybex Direct. What they don't tell you is ordering through an independent Gym Supplier will be even cheaper (Nearly 20% less than Snap's Pricing) and there are alternatives to Cybex machines that work just as well. Call Dan Erb of Better Body 406-449-4672 for equipment pricing.
Snap does this on everything. Security Cameras (Sam's Club) $500 vs. Snap $8,000 (Sam's Club camera's are higher quality)
YOU WILL PAY $50,000 TO $80,000 IN KICKBACKS THAT YOU'RE NOT AWARE OF.
Snap also has a flawed business plan. The average customer is excited in the beginning and generally their excitement fades off in the first 30-60 days. The customer will cancel unless they are on a contract. Snap tells everyone that "No Contract" is the way to go since it eliminates the barrier of entry. What Snap doesn't tell you is that the barrier of exit is the most important, but they don't care because they get $5 per new member and $1 for online fees. Many of the Snap clubs can't even keep enough customers to maintain break even.
According to Micheal Wickman (a former Snap Employee). 36% of Snaps are making money, 40% are at break-even, and the rest are losing $. Snap's definition of break-even doesn't include the cost of labor or return for business owners.
And to finish, Palmdale, CA closing this month and Snap Corporate wants to continue charging him the franchise fee even though his doors are shut! They want to have him pay the fees for a little more than 2 more years. OVER $12,000 for being closed.
And if you want to sell your unprofitable Snap, the Franchisor charges the current franchisee fee again to the new owner!
email me with any questions and read all the other blogs I've posted."
Once again the "one hit wonder" has managed to post enough senseless garbage to shift all the great stuff for potential franchisees to the next page. Just to keep it real, here are some of the highlighted websites to review for factual and pertinent information before "marching to slaughter", in other words, investing $250,000 in a Snap Fitness franchise and regretting it well within 6 months, trying to sell at 12 months, looking for investors and/or renegotiating leases at 18 months and filing bankruptcy at 24-36 months. It's the business model and it's making corporate millions! If you would like a copy of the Snap Fitness email listed on here for a few hours today, request it at [email protected] haha
http://franchise-fraud.com/ Must read for potential franchisees.
http://www.tanningtraining.com/reginfo/state.html State laws requiring staff while tanning is being used.
http://omahanewsstand.com/articles/2010/06/10/waverly_news/sports/doc4c0fd8660a0ba196714445.txt Snap closing but no worries, we will be here until the deal is done! This is a classic!!!
http://wasecacountynews.com/news.php?viewStory=4825 Peter pulls the carpet out from under this franchisee!
http://snap-fitness.pissedconsumer.com/ Great customer and previous staff feedback here.
http://www.maincloud.com/news-Snap-Fitness Lots of Snaps for sale.
http://www.mouthshut.com/product-reviews/Snap_Fitness_-_Bangalore-925103239.html More Snap problems internationally.
http://www.brentroad.com/message_topic.aspx?topic=595781 Snap closes without notification. (SOP)
It seems we have a lone "one hit wonder" left on this forum who can't help but feed his own ego and listen to himself talk. (read his own words in this case) While several of us formerly of Snap Fitness are sharing our financially tragic experiences with readers, this supposed franchisee continues to shill for corporate and represent the business model as an all out winner. BEWARE of his misrepresentations, embellishments, charges and other strategies to encourage others to join in this ridiculously inept and unsustainable business model. There are no reliable statistics available to defend the success he has quoted, including his own. At best he is a one franchisee owner who has fell into a highly unusual situation of profitability and at worst he is writing all of these posts from Snap Fitness corporate. We may never know for sure. What we do know for sure are the laws and regulations listed below.
1. These states STILL require a tanning operator at ALL TIMES tanning is being used:
California, Colorado, Maryland, Georgia, Illinois, Indiana, Ohio, Kansas, Kentucky, Louisiana, Texas, Florida, Massassachusettes, Michigan, MINNESOTA, Mississippi, New Hampshire, New Jersey, New York, North Dakota, Iowa, Oregon, Rhode Island, South Carolina, Tennessee, Maine, Utah, Virginia, Washington and Wisconsin.
2. Numerous states STILL require an AED/CPR Certified employee at ALL TIMES.
3. Several states STILL require an employee at ALL TIMES.
BE SURE TO READ THE POST BELOW: "SNAP FITNESS - BEEN THERE, DONE THAT"
Wonder why pissedconsumer and bluemaumau websites come up # 3 and # 5 in a search for Snap Fitness? This is where franchisees as well as members come to gain understanding, are consoled and try to find explanations for a situation gone bad. To make diligence easy for potential franchisees, below is an outline of a typical Snap Fitness franchisee adventure.
1. Sign the dotted line and begin the journey, adventure, crisis or for lots of franchisees the beginning of the end.
2. Due to the required assets of $250,000 per license, Snap knows you will be around at least 2 years to contribute to their coffers. Corporate emphasis is on franchise sales and they know "you are in".
3. The first 6 months you are running on adrenaline, energy and enthusiasm but the member numbers never get close to how it was represented. The no-contract membership begins to take a bite out of your existing membership. (Members leave.)
4. Employee turnover, member non payments, equipment repairs, club cleaning, marketing costs and other issues begin to take their toll on you and the staff.
5. At the year point you are dismayed, discouraged and wondering what you have gotten yourself into.
6. Around 18 months you are advertising your extra licenses for sale. You purchased the 3 for $40,000 deal, but like most franchisees, will only open one location due to subsidizing the one open location every month.
7. The 2 year mark is when desperation sets in and you contact corporate and research how to sell your club. You find out corporate takes care of sales internally and they "work" with all potential buyers to "make" the deal. You can read about some of these experiences on this forum but it appears this will not be pleasant either.
8. File for bankruptcy, sale or close between 2-3 years.
FRANCHISEE ALERT: Purchase a 24 hour franchise fitness club and the moment you open your doors you could be breaking the law! This may well be the ALL TIME WORST franchise opportunity! 30 states require a tanning operator while tanning is being used and numerous states require staffing for other reasons. There are county and city laws in states with similar laws. Direct quote from IHRSA "Because of these laws, if a cardiac arrest occurs at a club that has an AED but no one is on duty that is trained to use it, the club could be found liable for negligence."
1. The states below require a tanning operator at ALL TIMES tanning is being used:
California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massassachusettes, Michigan, MINNESOTA, Mississippi, New Hampshire, New Jersey, New York, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.
2. Numerous states require an AED/CPR Certified employee at ALL TIMES.
3. Several states require an employee at ALL TIMES, period.
24 Hour Clubs, all of us "guests" would love to hear your side of this besides the tired responses "they don't enforce it" or "we worked with the state to come to a result the state was happy with". Any questions franchisees? Contact your franchisor!
IT'S THE LAW.
Why everyone is selling their Snap Fitnesses
Well, Frankly, in my opinion, Snap Fitness doesn't understand the customer. The Ceo believes offering a "NO CONTRACT" eliminates the barrier of entry. The problem is that the even more important part is the barrier of exit. When a customer realizes they are not using the gym, they simply cancel. Their is a very high turnover of customers. For a buyer, it's very risky because the revenue isn't secured with a contract in place which makes the business worth even less. On the other hand, Anytime Fitness is continually adding to their member base because they secure their member base with contracts so their businesses are continually growing. Even though both Franchises have sold a ton, I wouldn't buy either one!
Snap Fitness - The No Spin Zone
After being involved with Snap Fitness for a few months, I feel very comfortable sharing information with potential franchisees about the company. I have experience in the fitness industry previous to Snap Fitness.
1. Owners and management are required to sign legally binding and extensive non-disclosure agreements which restrict them from speaking openly about Snap Fitness corporate. This could have a detrimental effect on potential franchisees attempting to perform proper due diligence and acquiring honest and accurate information in regards to the ability of realizing a satisfactory return on investment.
2. Even if there were no profitable Snap Fitness franchises, it is still possible Snap Fitness corporate could continue to benefit financially, increase market share and continue to successfully recruit new franchisees.
3. There was always a constant flow of internal e-mails from Snap Fitness owners soliciting to sell their club and/or franchise license(s) for substantial discounts.
4. The emphasis, expertise and resources of the company are heavily invested in franchising and expanding both nationally and internationally. There were lots of discussion about new programs, technology, campaigns and support but only a small percentage of this was actually delivered effectively.
5. I advise you to research the Snap Fitness clubs throughout the country and you will see there are several that do not provide staff or have very limited hours for employees at the club. Minimal staffing is more prevalent as you investigate clubs closer to corporate headquarters. Remember this if you decide to pursue a franchise.
6. I do not believe their business model is sustainable. The reason for the expedited interest in developing international franchises is certainly motivated by the reality of the lack of success of so many of the individual franchisees here in the USA.
7. Snap Fitness franchise/business model enjoys the same benefits as MLM companies (multi level marketing). The people at the top (corporate) are financially successful while the little guy at the bottom is struggling but still subsidizing those at the top. The Snap Fitness corporate franchising business model is not set up to "share the pain" with their franchisees.
Recommendation: If you enjoy long hours, stress, cleaning, employee turnover, volunteer work and subsidizing your company every month, you will definitely enjoy Snap Fitness.
(Barbara, Keep pounding away! A lot of these people have thick skulls! You are providing a necessary service to the innocent and naive who think the fitness industry is a "piece of cake" or "a great investment". Keep up the great work!)
Entrepreneur Magazine algorithm is nothing more adding how many units were sold against a % of the total units in operation.
10 years ago. SuperCoups changed the territory size from 80,000 households to 60,000 households.
When SuoerCoups reported to Entrepreneur Franchise 500 they divided the total number of homes mailed by 60,000 and they gained something like a 100 units. In reality they sold one franchise that year. But the 100 units put them #5 on the fastest growing franchise list. A total misrepresentation of what was really going on.
Entrepreneur Franchise 500 is a tool for them to sell ads to franchisors, norhing more and nothing less.
It's a turn off to me when someone brags about being in the Entrepreneur Franchise 500.
That is one of the benefits of forming an Independent Franchise Owners Association. Franchisees that are organized are much better prepared when a franchisor closes, sells, or is acquired.
The best thing for franchise owners to do is form an independent franchise owners association.
There can be numerous consequences resulting from quitting a franchise, including unearned future royalties. Of course, there might be other financial pitfalls, including unpaid vendor bills, years left on a lease, outstanding bank loans, to name but a few problems that could crop up once you shut your doors.
My firm, Bridge Management Consulting helps franchisees and other small businessmen with these issues. Fell free to call me @401-390-3801, for a free consultation, or visit our web page at www.bridgemgt.com.
I've never seen as much very thinly disguised spam in a thread before.
From Entrepreneur Magazine:
93 Coffee News Weekly newspaper distributed at restaurants $9.43K - 10.43K
The IFA has 1200 Franchisor Members, others say there are at least 2500 franchisors operating in the US.
How can a franchisor that terminates almost as many as it sells be consider a top 100 franchise?
It makes Entrepreneur Magazines algorithm very questionable.
Item 20 is sometimes hard to understand what is exactly going on. But if any franchisor is terminating almost 200 franchisees a year. Something is very wrong.
That would be a very big red flag.
The FDD shows that they terminated 977 franchisees in the last 5 years. And they sold 1047. Are they reselling failed franchisees isn't that called churning?
Wow, I would stay away from any company that terminates almost as many as they sell. That seems to be the definition of a loser.
Thanks for your feedback and comments.
I'm the founder and CEO at http://alignedcode.com. We're a web development studio focused on mobile web. I'm considering WSI franchise to leverage Sales in my company. From the info provided by the WSI representative there's no need to work on sales pipeline. So wanted to clarify does WSI really help in generating sales (projects and opportunities for web development)?
Hope for your detailed replies. Thanks!
What if a franchisor decides to go out of business. Just quits.
He's increased the price...
Franchise Units: Year* U.S.* Canadian* International* Company Owned*
2013: 416* 30* 0* 0*
2012: 427* 30* 0* 2*
2011: 425* 32* 0* 6*
2010: 438* 31* 0* 6*