MAACO Pledges Franchise Buy Back Promise for International Franchisees
Mark Martino, Maaco's Chairman and CEO, commented: "This is an unparalleled career opportunity with no 'catch'. The details are completely spelled out in our Franchise Disclosure Document so the prospective franchisee will know exactly what the terms and conditions are before committing to buying a franchise. This initiative is our way of showing potential franchise owners our strong confidence in our brand and our operating system. Ours is a business with a recession-proof history and we are committed to building our business and helping our franchisees in every way we can."
The devil is always in the details, I wonder what price MAACO will pay? Is it a money back guarantee? I doubt it. A money back franchise guarantee, sounds too good to me.
- Franchise topic:
YOU WILL NEVER MAKE ANY MONEY IF YOU HAVE
HIGH OVERHEAD. MAACO WILL ALWAYS MAKE MONEY,
IT IS DESIGNED THAT WAY.
NOT ONLY THAT IT IS A VERY DIRTY BUSINESS.
I HAD ONE FOR 2 YEARS AND I WENT UNDER.
IF I WASNT ALWAY PAYING THEM EVERY WEEK,
I COULD HAVE MADE A LIVING. IT IS DESIGNED
FOR YOU NOT TO MAKE MONEY.
BUYER BEWARE.
Beware of buying a Maaco Franchise.
You will only be working for them, and will never
achieve a nice leaving standard.
8-10% Weekly of Gross Sales, (includes all parts)
1k-1600 Weekly in Advertising which is bullshit.
Total before you pay yourself, just to Maaco is
approx, 10-15k PER MONTH and if you make more on the
gross sales, you will be paying more.
They dont care about you or your success.
The home office will twist your arm, or
put you out of business, if you dont pay your fees.
They are legalized mobsters.
They could fill your shop with work, but always
at the owner losing money, never profitable work.
Just work, because they make 8-10% no matter what.
Most of it, just bullshit work.
When they first came and did my grand opening,
they filled my shop with alot work, but all the work
was designed for them to make money, but for me to
loose.
I know a person that opened one in the hudson valley
area and his break even number was over 22k A WEEK.
THATS 88K PER MONTH B/E analysis.
STAY AWAY OFF FROM MAACO, ASK THE OTHER OWNERS, AND
THEY WILL CONFIRM MY fyi.
where can i email you? i would like to talk with you about this
Just looking at the article about the so called buy back proposal suggests an illusory proposal.
There are probably escape clauses in the buy back deal - definition of "reasonable sales level" too low (below shop break even averages) - franchisee must never have been in default - nature of default makes no difference. Any franchisee who mentions that he might need to invoke the buy back will start getting inspection visits in which numerous defaults are found.
This reminds me of a scam I ran into years ago with a "graduated royalty rate to help you get going". The top rate was reached almost immediately because the graduating standards were set to get to the top rate within a couple of months.
Finally, because of the kinds of tricks people have recently come to see me about regarding MAACO (mainly pump and dump on stores taken back and put up for resale - plus phony sales fiigures on top of the pump and dump), I inherently distrust any notion that MAACO would really take any risk of actually having to make good on this promotion.
There are many MAACO recent franchisees who would sue/arbitrate if they had any money left to pay a lawyer.
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Richard Solomon, FranchiseRemedies.com, has over 45 years experience with franchise litigation and crisis management. He is a graduate of The Citadel and The University of Michigan Law School
Richard Solomon, FranchiseRemedies.com, has over 45 years experience with franchise litigation and crisis management. He is a graduate of The Citadel and The University of Michigan Law School