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scenario, the franchisor can cherry-pick franchisees to terminate. Unfortunately, franchisees often have little power to counter that move.
http://money.cnn.com
July 17, 2009
Dragged into a bankruptcy
http://www.wikidfranchise.org/20090717-dragged-into
Under the plan, the Bank of Nova Scotia, the only secured creditor, will receive a lump-sum payout of $3 million. The remaining debt of about $13 million will be restructured as a loan. Unsecured
http://www.wikidfranchise.org/20020308-doughnut-maker
://www.haaretz.com/print-edition/business/coffee-bean-roasts-local-franchisee-1.306094
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Risks: Only one side presented, Only 3 ways out: resell to next loser, independence & be sued or abandon and go bankrupt, Termination of franchisee, mass, Israel, 20100805 Coffee bean
http://www.wikidfranchise.org/20100805-coffee-bean
, New franchisor may be nastier than the old one, New franchisor means worse deal, No franchisor support, Only 3 ways out: resell to next loser, independence & be sued or abandon and go bankrupt
http://www.wikidfranchise.org/20090507-mty-food
"The franchisees are in shock — they are worn out," said Les Stewart, head of the Canadian Alliance of Franchise Operators, who complained yesterday that the company did not give enough warning
http://www.wikidfranchise.org/20011215-cs-files
in 2008…. "We put a forensic accountant on the case and he has pointed out a number of things that are hugely questionable”…
Sunday Star Times
March 1, 2009
Big losers in SureSlim row head to court
http://www.wikidfranchise.org/20090301-big-losers
to fake franchisor insolvency and ownership flip, Opportunism, Public perception of sleaze and greed, Stalking horse bid, The game is rigged, Unsecured creditors get next to nothing, United States, 20090327 Bankruptcy judge
http://www.wikidfranchise.org/20090327-bankruptcy-judge
on supplies, Health consequences, Must buy only through franchisor (tied buying), Nothing but cold calculation, Only 3 ways out: resell to next loser, independence & be sued or abandon and go bankrupt
http://www.wikidfranchise.org/20100823-pink-tribute
Shoe repair and retail chain Moneysworth and Best Shoe Care Inc. filed for bankruptcy yesterday, struggling under $8.9-million in debt against just $4.3- million in assets.
The Globe and Mail
July
http://www.wikidfranchise.org/20000712-moneysworth-and
on supplies, Health consequences, Must buy only through franchisor (tied buying), Only 3 ways out: resell to next loser, independence & be sued or abandon and go bankrupt, Opportunism: contract
http://www.wikidfranchise.org/20100817-icecream-dream
