The Franchise Owner's most trusted news source


Public Forums of Discussion

share franchise news, to prosper and amuse

Log In / Register | Apr 18, 2014

PMD Furniture Direct Switches to Franchising

Editor's Note: This article turned from a small news clipping with a few comments to hundreds of comments that are marginally related to the original posting. As such, I have moved it from a short-term news blog to a public forum discussion on PMD Furniture Direct. News stories come and go but forums are long-term discussions and debates on topics anchored around a specific company or issue. I would remind posters that this is a site that shares information to help readers make better informed business investments. It's not enough to say don't invest in this brand. The reader will naturally want to know from front-line operators what in this sector will make them the best returns on their investment. One last point: the Blue MauMau culture is one of civility. Readers like to focus on business issues, rather than individuals or personal issues.

--

Wow, invest $50K-100K and NET profit the first year is $269K!

Hosking [PMD Furniture Direct's CEO] added that PMD should stand out as a lucrative option when it joins the ranks of franchisors. He contended that franchisees of a national sub sandwich company have to invest $300,000 to $400,000 and make less than $100,000 in annual net profit, citing a PMD attorney who previously worked with the chain.

Some of PMD's current licensees, including startups, do much better. He said the company's top rookie last year was a Pacific Northwest dealer who made $269,000 net profit on an initial investment between $50,000 and $100,000. - Furniture Today

This is the best deal EVER! I wanna buy a franchise NOW! Where do I wire the money? If I wire $100K for 2 franchises, will I make $538,000 my first year?

Yet why are they losing so many licensees?

But with financial markets in turmoil, PMD's total network sales are down because it hasn't been able to replace the 20% to 25% of dealers it loses annually to attrition.

5067 Forum Remarks

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I am a Carolina Bedding

I am a Carolina Bedding Direct/Mattress By Appointment dealer, and I am just stumbling on to this article after being in business for months, and struggling to make enough to cover even the monthly rent. Could some one please explain to me what role Darren Conrad had in the PMD furniture direct business, and how this business may relate to the current MBA business?

Darren Conrad stole the concept and has no right to it

Darren was at PMD in the early years and helped Jeff launch the concept. As the court decision proved, Darren who had a non compete agreement with PMD, stole the concept and copied the entire business model down to the marketing scheme. So PMD won a lawsuit and a judgement was entered against Darren, his wife and PMD ex -financial officer. Look it up on the Franklin County Website and read the gory details. PMD didn't work to well and the money was in the sale of buisness to the dealers and the crazy PMD markup just like CB.Over 500 PMD/CB type dealers in the business have failed so what makes you think yours will work. I would say given your comments above the future is not very promising. Good luck as you are going to need it. Get out quickly as Darren has not legal rights to sue you or any other CB dealer as your business agreement is a fraud. Check it out... a lot people know the score.

I think you are delusional

I am a current dealer with CBD/MBA and I didn't have to pay anything to start my business other than buying the products that I sell and paying rent on my location... so that alone makes me skeptical of the assertions that you are making about Darren Conrad. Secondly, from what I have read in court documents, the non-compete terminated in 2009. Carolina Bedding Direct LLC was started in October, 2011. I think you are spouting nonsense about something you don't really know anything about.

I just want to clarify that

I just want to clarify that the one who started the top post is different than the one defending the company and Darren Conrad. It seems to me that the person defending him has done so in a rather personal way by calling out by name, and may even be Darren Conrad.

On no.....another guy bitten by the PMD/CB idea

Oh my. Same pattern....guy thinks Darren is great (use to be Jeff) and the CB program is better than gold. I think we've seen this train wreck once before. When you start defending...you are actually the delusional one. Good luck!

On no.....another guy bitten by the PMD/CB idea

Oh my. Same pattern....guy thinks Darren is great (use to be Jeff) and the CB program is better than gold. I think we've seen this train wreck once before. When you start defending...you are actually the delusional one. Good luck!

information Please

I have looked in to the lawsuit and I am very interested. Could you please post any details from sources that you know of? For example, you say that over 500 PMD/CB type dealers have failed. Where can I verify that number? Also, you say that Darren Has no(t) legal rights to sue you. Where could I get more information on that as well? I am not doubting you, I just want to see exactly where that is coming from. Any additional information that you could provide would be greatly appreciated.

Call Jerry Williams

Jerry testifed in the case that awarded PMD/Hosking the win and the legal fees which were awarded. All info on the Franklin County Website. Call Jerry at 6144396984 and he can provide the info you need. Jerry also knows the scope of exPMD dealers as he knows each and everyone. Take a look at the Dealers lawsuit against PMD and the claims they made and forced PMD to settle their lawsuit. Its posted on this website or just google PMD Dealer lawsuit..........hope that helps.

Do your own work....and trust the information

Check out this link and read the hundreds and hundreds of pages regarding the PMD fraud. http://www.franklincountyohio.gov/clerk/cio.cfm

Just type in Hosking in the last name section and have at it....

Dude.....you're in trouble

PMD failed with this model and many of the Carolina Bedding locations have come and gone - as have PMD. Save your money and consider an early exit.

Retail Service Systems

Looks like the New Kahuna is going to be up to the same tricks as the Old Kahuna.
Just not quite as big I guess. You would think that a guy who just won a lawsuit over a guy who destroyed his company with frivolus lawsuits would learn a lesson from it. PMD Part 2. Stay Tuned.

Retail Service Systems, Inc. v. Carolina Bedding Direct, LLC
http://dockets.justia.com/docket/ohio/ohsdce/2:2013cv00994/166416/

Joe Armetta

Interesting bio? 2000-2010 Then from 2010-2010. What goes around comes around!
Question? Will Joe Armetta's divorce, bankruptcy and convictions show up on a background check and/or his credit report?

Jeffs house

Looks like the big whopper lost the Wendy's shack in Columbus. Fifth Third Bank might need some furniture shortly.

What's the Carolina Bedding ruse? I hear more lawsuits on the way. Raise your hand if Armetta never lied to you.

What is Retail Service Systems?

Isn't that some retail counting system for inventory??? Anyone know what's going on with the old company? Hear vendors didn't believe the switch out? Is Armetta back?

Not Again....New court case filed against Jeff July 3

Unbelievable....now he doesn't pay his attorney fees and is getting sued for that. What's next????

Boots

Raise your hand if you ever caught Joe Armetta in a lie.

Complaints filed

Checking the Franklin County website Jeff has three active files. Arbitration on his house, complaint for failure to answer his charge for hiiting his guest and a complaint for not paying or answering his lawyers.Looks like he will just default as no lawyer in Columbus would represent him.

Jeff turned over to collection

He owes the vendors $220,000 and he just walked away. All are chasing the big Kauhana and he's claiming that he is broke. Why did this man ever believe he was bulletproof? Who's next to sue him? Does he still have the bus? Go Buckeyes!

Morally bankrupt too.

What goes around ....... comes around.

The List Goes On and On!

He has never met an obligation he believed he had to pay. His fall from his pedestal is so hard he still has not recovered and will probably never will. This legal group took on his case after the previous legal team decided their legal futures were on the line if they continued to represent Big Jeff. The Franklin County Court system must be tired of his garbage. Most of the local lawyers are. Who will he get to represent him now??? Unbelievable??? Not really! Just Jeff being Jeff!

What's going on??

Tick, tick tick?

Judgement satisfied

Through an asset transfer to Retail Service Systems PMD, PMDFD and Jeff Hosking have been transfered as long as it is not unwound by bankrutcy, insolvency or state or federal law. Does that mean Jeff is still involved? I remember Jeff at a confernce claiming that he would legally bury anyone who challenge list company. How did that work out? Maybe Jeff will clarify this transfer?

It's About Time

The day Jeff Hosking's was transfered, removed, redirected or shipped out is the day the company, no matter how small, became a better and hopefully successful company. His direction and lack of leadership over the years was so bad people outside the company can't believe it. Why did it take so long? Don't need to hear his excuses and clarification, just go away!

Why?

Why was the Economic Concepts case reinstated? Who is the legal team representing Big Jeff? Is he serious about this? Probably not going anywhere but Jeff needs a lawsuit to keep himself busy now that he really has nothing to do.

Didnt you mean to say

Didnt you mean to say "inquiring fraud" I mean "fund-raisers wish to know?" at the end of that statement? Cutco-PMD-Fundraising whats next church re-building?

To Whom It May Concern

Hey Bert don't the Fundraisers have names............?? Everyone knows who you are. How much do you claim the Net Income is in this particular venture??? When do you offer a franchsie? Only a couple left?

Beware!

Jeff knows eactly who you are and will be in contact to help you with the recruitment script. You guys are quoting the Net Income to low. You must have forgot your PMD training.

Who cares??

Did Jeff ever take responsiblity for his fraud or is he still in denial? Does he still believe his BS? Somethings just never change. When will the book about the rise and fall of PMD be published?
Who would play Jeff in the movie??

Hosking getting sued again! Unbelieveable

Just when you think it's winding down It just continues to get more bizarre. Get a load of the complaint against him now - damages for physical assault. The melt down continues.

Only he could be so crazy

According to the Franklin County Court ,Mr. Big punched a JP in the face and has caused injury and suffering. The incident took place on May 17, 2013. Maybe the guy wanted to return a defective Royal Heritage mattress and he claimed he didn't know what he was talking about. Bizarre is a very good discription of his life the last couple of years.

Wow!

Did this happen at the PMD Christmas party? He has been known to have strike out. Didn't he get arrested at the Furniture Show one year. Pretty much business as usual for Jeff and no big surpise. Who is next on his list?

Correction

The incident took place Dec 22, 2012 and the motion was filed on May 17, 2013. Jeff just seems to be in the wrong place all the time now. What's his story?

Location was his house

Jeff decided to clock someone who was over his house when the guy asked to order McDonalds and didn't realize that he was in the Wendy's founders house. The disrecpect was too much for Jeff, a frequent customer to the founders 22 Wendy's in Columbus. Someone said Jeff called the police and pressed charges for violation of the local food order protocol. However the hamburgular was not impressed by Jeff's actions and filed suit for $25,000 tomatos. How do like those French Fries?

Copy cat BS

Looks like you are a PMD competitor (probably former lying manager recruiter) that is building your own PMD while taking pot shots you wish we're true. How about identifying yourself and/or giving us a link to the assault action you say has happened. If you were ever a PMD recruiter we know your probably a bigger liar than Jeff.

No chnace

Jeff was by far the biggest liar at PMD. Joe, Jerry and Rob were close seconds and then Bert and the other managers. Remember when the lawyers told Jeff that he could not use the "fraudulent" Net Income claims for the Franchise recruitment?? He said he would fire anyone who didn't believe it is $200K. Everyone sat quiet as Jeff demanded that they make the bogus claims or be fired. Now that's leadership!

Looks like the old guard PMD

Looks like the old guard PMD Beta fish are swimming in the same bowls. Jeff's , Joe's, Bert's, Conrad's, Clark's. maybe pay per-view will sell tickets to this years match ups or better yet maybe somebody will develop a reality show called slinging mattresses and suing friends.

Old Bert

Can someone tell me just why everyone seems to tie Bert with Jeff and Joe? Didn't Jeff and Joe fire Bert for lousy performance in his clearance center. That was a shock as most Managers claimed they were doing so well i.e. Stephen, Rick and Jason??

The story

Remember when Bert calls you the money is in the recrutiment and salary not working a clearance center or one day sale. The clearance center was the fraud not the managers salary, perks and trips. Beware of ex PMD managers telling you that their concept works??? Tell them to show you their financials or tax statements. Sure it works!

Fake Numbers for Bedding Sales or Fund Raising bedding Sales

Better make it Tax Returns and dont be suprised if those are fake. Every PMD recruiter I knew was perfectly willing to LIE about incomes so if you are being recruited for any form of BEDDING or furniture business by any of them (sometimes its hard to know who they are as they hide their names), do your homework and make them give you signed statments in writting so you can take legal action against them if you need to.

Be cautious with franchised investments many business entities

The franchise concept was developed to have a win win situation for both franchisors and franchisees. However, several rogue franchisors with near criminal thoughts got in to the game. For example, Discovery Point, Legacy Academy, and other child care franchises made big money from each sale of their franchised centers. These substandard buildings were sold for more than $2M to the franchisees with fabricated business plans that they will be profitable. In reality, the franchise and the bank knew, Franchisees had no chance to survive and the plan was to buy back the failed buildings and re-sale. Bank got compensated by SBA and the franchise. The franchise paid the gap of SBA guarantee and franchisees' payments. Very clever and completely legit except for the fact that franchisees were intentionally harmed with the help of multiple corporations!

These buildings were custom made and could not be used for anything else without major modifications. So, franchisor was the only good buyer available during bankruptcy. Everyone knows about these but there has not been any disciplinary action. These buildings were sold with other associated corporations and not directly by the franchise parent company. However, corporation ownership records clearly indicate that franchise corporate owners (husband wife) are the owners of all associated business units. Similarly, you will find these furniture will be sold to you not by the franchise but other business entities, but ultimately the money will go to the franchise corporate owners.

What a crew

Spent time in jail recently, filed bankrutcy, a loser trying to recruit anyone breathing,living in Mom's basement and they just keep throwing people under the bus. Match the names and win a free $149 Pilow Top King mattress only................the boxes are $750!

You must be talking about

You must be talking about jimmy in Texas pretty sure Jeff didn't file bankruptcy and the kitchen and dinning room in his HUGE house is probably bigger than your mamas whole hose and yours combined

Mamas hose? Whose jimmy? You

Mamas hose? Whose jimmy? You people are off the chain silly. Start a reality show, fraudulent mattress slinging Wall Street blah blah blah fundraisers.

Franklin court docs correct? Hosking filed for bankruptcy?

Not sure I get it but the cases against Hosking were closed and there was some reference bankruptcy. Has the house of cards finally collapsed? Is PMD Franchise still operating?

Former PMD Recruiters

Looks like a wishful post by those former PMD Recruiters-Managers-Advisors-Trainers that have their own PMD2. They lied so much to so many people that they had to have a new title every other year. I wouldnt be suprised if they were telling people the average fund-raiser earns a net income of over $150,000 a year working part time.Raise your hand if Armetta, Harbin, or any other PMD payroll manager lied to you!

It's true

The jokers are calling around and want anyone they can get to join their new club. They don't have any other skills than lying about their performance. Who would believe a testimonial from Bert? Raise your hand if he asked if you are having fun?

It Ain't Over Bert

By Big K2013-03-21 08:03
Like they say "IT AINT OVER

Like they say "IT AINT OVER TILL THE FAT LADY SINGS"! Some of us relate better than others to the fat lady but some wont be singing soon.

Didn't you mean?

Fraudulent Recruiters...............same old story just a new mattress cover!

The Court stayed the action 70 days

Not sure you read the entry as the Court stays the case to complete a confidential conditional settlement which, if statisfied, will resolve all issues and result in dismissal of all claims. House of Cards and Collapsed? are not mentioned only by someone wishing it were true. Interlocutory means pending final decision if the settlement is not final. Check back in 70 days!

Jeff did not

The document had confirdential settlement negotiations for a period that is still very active. The fat lady did not sing yet and any other reference is false. PMD is still operating and the court has made the franchisees and their families a priority as per Mr. Varn's request. Hold off on your celebration as the note at the end has no specific meaning at this time. Case closing is based on finalizing the terms of the settlement. If that is not accomplished it goes back to Judge Frye in June. Sorry to burst your bubble!

Post new comment