Maine Franchise Owners Association

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2019 Dickey’s BBQ Update

October 2, 2019 By admin

Despite Churn, Franchises Continue to Sell Once again, I am reporting on the very high churn rate for Dickey’s BBQ, yet the brand continues to sell a high number of franchises.  Why?  Do prospective franchisees not understand the numbers in the Franchise Disclosure Document?  And, why is the government continuing to guarantee loans to a […]

Filed Under: Failed Franchising, Fair Franchising, Featured, Franchise Economics, Franchising, Government Relations, SBA Loans, Transparency Tagged With: Fair Franchising, franchise finance, franchise owners, franchisees, franchising, SBA, SBA Backed Loan

Is Dickey’s BBQ Franchising’s Next Quizno’s? 28% Systemwide Churn

September 12, 2018 By admin

It’s not easy to forget the Quizno’s saga.  Once one of the darlings of the franchise industry, growing through franchising to nearly 5,000 locations, but today, just under 400 in the United States.  Many franchisees lost everything (investments, savings, their home), and as stores closed, eventually the franchisor filed for bankruptcy protection.  Yet, has the […]

Filed Under: Fair Franchising, Featured Tagged With: business failure, Fair Franchising, franchisees, Quiznos, SBA, SBA Backed Loan

GAO Report of SBA Franchise Lending Reveals Program Failures

December 4, 2013 By admin

GOA Report Findings: The Government Accountability Office (GAO) published a report identifying that loans to certain franchise companies failed at a higher rate.  From 2003 to 2012, the SBA guaranteed loans for more than $10.6 billion to franchise businesses and was forced to make payments on about 28 percent of those loans. Analysis of guaranteed […]

Filed Under: Featured, Finance, Franchise Economics, Franchising Tagged With: business development, economic development, economic impact, economy, Expansion, finance, franchise finance, franchise owners, franchising, SBA, SBA Backed Loan

Maine Lender to Support Small Business Owners

October 1, 2013 By admin

Bill Whitmore, who has operated franchised fitness centers, will offer financing and other business services. He has launched a new lending institution focused on providing commercial financing to the region’s entrepreneurs, franchise owners and small-business owners. Whitmore has operated and sold several Planet Fitness franchises in Maine, said in a news release that his latest […]

Filed Under: Finance Tagged With: finance, franchise finance, Gold Beacon Capital, maine, Planet Fitness, SBA

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Recent Posts

  • FTC Commissioner Chopra Talks Franchise Issues on CNBC September 25, 2020
  • Schakowsky, Scanlon, Jayapal Send Letter to FTC September 25, 2020
  • Senator Cortez Masto (NV) Sends Letter to FTC Concerning Covid-19 Issues May 1, 2020
  • Keith Miller Testifies in Oregon, House Interim Committee On Business and Labor December 1, 2019
  • 2019 Dickey’s BBQ Update October 2, 2019
  • Senator Cortez Masto Introduces SBA Franchise Loan Transparency Act July 31, 2019
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