- Front Page
- Biz Tools
The Franchise Owner's most trusted news source
Funny that a company would call itself "driven" when the only growth they have had is through acquisition. Maaco reached its peak in 1998 and currently only has 450 failing shops because they have admitted that a single shop is not viable. You will need to buy a second license, for an additional sales location, somewhere removed from your actual location., they call it a "satellite" sales office in order to make your initial investment viable. 450 shops when "driven" took over 5 years ago - 450 shops now, burned through 400 +/- owners just to keep the numbers going. Woo-hoo just give the executives your investment and walk away, you will be better off than dealing with these "MBA" theives that do not own their own business.
I would be delighted to speak with you about owning a TAXX SAVERS franchise.
Different and better than Liberty (home-based) and caters to small business). Learn more at TaxxSavers.com.
You can request consideration from the website or call me directly at 1-800-AT-LOW-TAX (1-800-285-6982).
Founder and CEO
Unlike all of the typical retail tax businesses (independents and franchises) serving low income clients, TAXX SAVERS is different.
This franchise model targets and caters to self-employed persons and small business owners. Franchisees provide a comprehensive set of tax, financial and business advisory services, earning year round income.
The business can be ran from a home or commercial office, and can be operated part-time. No experience is needed to own a franchise.
Learn more on their website at TaxxSavers.com.
Hi. Is there anyone out there that would be willing to send me one of the old ingredient labels? I need to come up with something g to put on my bouquets to satisfy health labeling requirements. Thanks in advance!
You can email me at MMFUL@prodigy.net
Is there a recent failure rate chart? I am a franchise broker and I'd like to furnish this information to my clients.
Yes it is the same in Canada. Very small percentage are making a living. Drop offs are not quite as high but increasing rapidly. DO NOT consider investing in this franchise. I did own one in the Toronto area and was fortunate to get out.
Yes, the same. Bleak.
I am currently researching The UPS store in Toronto, Ontario, area, and stumbled onto this forum.
Majority of comments are negative and quite bleak. Q - does this sentiments also hold true for Canadian operation? Any one in Toronto area with feedback/advice? Thanks!
Help! So it's 2016 now how are people feeling about this franchise? I was moments away from signing on the dotted line to buy a franchise from the current owner.... And now this.
When I was a franchisee there were 1200 stores and CBI corporate had taken out an ad in People magazine for Valentine's Day. Seemed promising at the time. The franchise could have been something great but it wasn't managed right. So many franchisees lost money. What a shame.
Is anyone able to provide me with a list of the US states that have legislated (or have a bill in progress) that a franchisee is purely and simply a contract counterparty of its franchisor and is NOT an employee?
I am going to wade right in at the deep end and look at the consequences of this for franchisor and franchisee bankruptcy.
Thanks for any thoughts. Jenny
The site is now gone and I can't find a copy of the book anywhere!
My franchise was picked up by a franchise company, after being developed by an educator. Over a decade later, she wanted the franchise to herself, and bought it back. That was 3 months ago. Before, we were not being held to a minimum monthly fee, but now, they want us to begin paying a minimum monthly of $900. Before, they asked for just a marketing free of 7% and franchise fee of 3%. So, 10% of our earnings was the royalty to the company. So, this month, I made only $500. I provide services at schools, and I was invalid for four months, so no business. I just got an email from the owner saying I owed another $870. Needless to say I was upset. I emailed back that I needed to dump the business if this was their new approach. Then, the lady who developed the business called me and was very sympathetic, but insistent that we need to pay extra money now, because the business costs them so much to run. How is that my fault?
So, here is the pickle. I cannot afford this. I have limited buiness income as it is, and she is saying this will give me incentive. I work the business a lot, and it is just not working because I started on a shoestring. I spent all my reitrement savings and put myself into debt to tune of $60K to start this up. I had my car repossessed because the franchise does not make as much as they claimed it would make, in the first place, and I banked on earning more, using credit cards to support my household. It never paid off, and now I believe I will have to file bankruptcy. The new owner sent pictures of her daughter's bat mizvah in NY City in this gala suite - I'm sure it cost o ver $50,000. She literally had to ask me what bankruptcy meant. She has no understanding, period, of what it is like to struggle. So, here I am, no income and they want $900 a month. If I don't earn $900 in royalties (the 10% previously mentioned) I have to pay $900 anyway.
Do I have any recourse at this juncture? I signed a piece of paper which asked me if there were things promised, and I sent them a detailed email stating I was promised to earn more, in the first year -- which is true- and that I have gone broke because I have not earned that much. I have worked this program just like they say to, but the income is very sporadic and does not pay off until you have multiple locations and multiple staff hired. I have not been able to build the program out without operating capital.
Can I just quit? What can I do?
Worst business mistake of my life. The AD in this area Washington DC Peter Zolowolski is a Donald Trump carbon copy. As racist as they come. I am looking forward to seeing the Death Of Liberty Tax. Any questions call me direct 2029051856
"What's up with the $18 walk in fee?"
It can significantly boost a fitness center's revenue and cover costs based on customer activity. Is there another activity that you think can better help lift a fitness center's operating income or cash flow?
They are raising our fees to $55 this year. The girls and I are going elsewhere.
Whats up with the $18 walk in fee.... How does that help?
On what solid information do you make the profit claim above? If you bought a piece of real estate, did you not have the opportunity to know what the price was going to be up front? Did you not do your homework?
I would imagine they were talking about Pedorthists, chiropodists, podiatrists and chiropractors who have many years of education in the foot care profession, and are expecting to get name recognition.
They as I, expected there to be more emphasis on the clinical aspect of the business and at least our location. "RUN A SHOE STORE" that's an insult to our professions.
Dear Franny: Does anyone check the accuracy of the posts I see on your website? If the franchisors described there are as awful as they would appear to be, I do not see why anyone would ever purchase one of their franchises. It appears that the posters either have no idea of the subject matter or are merely disgruntled franchisees. Every franchisee is NOT destined to be either rich or great in their chosen business. From SBA information, many franchisors have many successful franchisees. There is no practical way to determine numbers, but I see many local franchisees operating for many years. That would not happen if they were losing money. Help me understand why only unhappy franchisees post information on your site. Do you filter the good comments? Thanks for an answer.
Puzzled in Atlanta.
Did you have any dealing with them.
Carmen D. Caruso (www.cdcaruso.com) is a tremendous franchisee-oriented attorney and has an excellent reputation.
That's a nice ticket price. High. Do you have any insights into the average unit volume in 2015 of the store? Did you learn anything on which month from starting did the store begin to have consecutive positive cash flow? When? How much?
The only thing good about my visit the Sunrise, FL location was the pleasant wait staff. I spent $30.00 on a disappointing wing & beer meal. I got 8 or 9 small wings with dribbles of 2 types of sauces, rather than tossing the wings in sauce, thus covering the entire wing. I was upsold for an additional $2.00 to a platter, which was to include fries and slaw. Quantity of fries was adequate, the slaw came in a tiny plastic cup, it couldn't have been much more than a ounce or two at most. Also included was 2, 3 inch celery sticks, and 1, 3 inch carrot stick. I would think twice that amount would a restaurant standard at most places I visit. The two beers I had were imported pints for a total of $11.00 an average price locally. Needless to say I won't be going back to a Hurricane Grill nor recommend it to anyone.
For most states that require registration, it is their attorney general's office. For example, Maryland's Attorney General's office handles securities and franchise fraud. In Illinois, Michigan, and Connecticut franchises are too.