Don Sniegowski reports at BlueMaumau that California’s assembly voted Thursday morning to pass a bill that aims to strengthen good faith and fair dealing between franchisors and franchisees. The final tally was 41 ayes and 27 nays. Senate Bill 610 has now been passed by the Senate Judiciary Committee, a full vote on the Senate […]
Seeking Balance in Franchise Relationships
No relationship is perfect, it doesn’t matter whether the relationship is personal, business or institutional there are always going to be both good things and bad things about any relationship. One of the keys to a long and prosperous relationship is balance. Mutual advantage is the key to sustaining the relationship. Relationships prosper when each […]
Equity Extraction Schemes Live On in Franchising
The equity extraction scheme that was exposed by 7-11 Employee Kurt McCord brings back painful memories for me. The scheme is eerily similar to what was perpetrated against Dunkin’ Donuts franchisees from 1998 thru 2008. In that period it is estimated that Dunkin’ Brands extracted over $100 million dollars of franchisee equity from hundreds of […]
Maine Senate Kills Franchise Protection Bill
Don Sniegowski Reports at Blue MauMau AUGUSTA, Maine – On Wednesday Maine’s state senate voted against Legislative Document 1458, the Small Business I nvestment Protection Act. In a vote of 24 against and only 10 supporting, the senators essentially killed the current form of the bill. Franchise owners in Maine have complained that their businesses […]
LD 1458 Loses in the Maine Senate
The Maine Small Business Investment Protection Act (LD 1458) was voted down today Nay 25 – Yea 9. Thanks to the Senate for their investigation and consideration of the issue.
Three Stories of Maine Franchise Owners or Franchisors Doing Business in Maine
Three Stories about Quiznos, Coffee News and Dunkin’ Donuts. Quiznos: Maine franchisees of the franchising firm that earlier this month filed for bankruptcy, failed miserably under a broken business model. Some are questioning what detriment there was to their state’s economy. Analyzing the sub sandwich chain’s past franchise disclosure documents shows there was approximately $5.4 […]
Maine’s House Approves Franchisee Protections!
Don Sneigowski of Blue MauMau reports: Maine’s House of Representatives on Monday passed the Small Business Protection Investment Act LD 1458 by a vote of 75 in support and 60 against. Franchise owners in Maine are pushing a law that they say will allow them to better hold onto their business equity. Under the act, […]
Support Maine franchise owners with these four basic protections
Ed Wolak, Chairman of the Maine Franchise Owners Association contributed the following letter to Bangor Daily News and it ran in the paper and online today March 11, 2014. By Ed Wolak, Special to the BDN Posted March 10, 2014, at 11:47 a.m. Last modified March 10, 2014, at 12:07 p.m. BDN The Maine Small Business Investment Protection […]
Big Whopper Economics
Want fast-food workers to get a raise? Let local restaurant owners form a union to fight their corporate masters. By Josh Freedman – Washington Monthly In August, Larry and Kathryn Baerns and their son, Christopher, filed court papers charging that the two new Steak ’n Shake restaurants they had just opened in the Denver area […]
Maine Small Business Investment Protection Act (LD1458) Fact Sheet
The Maine Small Business Investment Protection Act (LD1458) has Reported to the Maine House of Representatives. Below is a graphic that depicts the benefits of LD1458 and it’s goal to protect the equity of Mainers that invest in a franchise. Maine franchise owners need these basic protections so they can build, harvest and perpetuate the […]