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Worldwide Online Printing has joined the likes of Kleins Jewellery, Kleenmaid, Midas Car Care, Strathfield, Samsara and EzyDVD as some on the list of Australian franchisors that have collapsed within the last two years.
About 85 franchisees of collapsed printing franchisor Worldwide Online Printing are waiting to find out who will take over their franchise network after administrators put the company up for sale. SmartCompany
These franchisees give the impression that not only do they not know who will buy the brand but they don’t seem to appreciate the potential for new management to be another set of problems.
According to the official franchise business directory for the Franchise Council of Australia;
Worldwide Online Printing is Australia’s fastest growing design and printing franchise. Our centralised manufacturing model means lower investment and running costs for franchisees,while still providing quality, low-priced design and print solutions to our customers. Franchise Business
Australian franchising is facing a number of serious obstacles and private equity investors are being hit, and sometimes, hit very hard;
... there are growing doubts surrounding the utility of the private equity model within franchising. Private equity runs on a very simple premise: buy as cheap as possible and sell as high as possible as quickly as possible. Ominous signs for Australian franchising