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 […]
Forbes Magazine Rate 3 Real Estate Franchises are the Worst to Invest in.
A best and worst of franchising list is tricky to put together. The methodology is just as important as the objective of the ranking. For the FORBES “best” and “worst” in franchising, FRANdata considered demand for the franchise brand, success of existing franchisees and franchisor support from the perspective of “lender friendliness”. This brings up […]
Forbes Magazine Rates Ground Round as the 10th Worst Franchise to invest in
Forbes magazine rated the best and worst franchises to invest in. Forbes Magazine rated Ground Round based in Maine as the 10th worst franchise with a negative 9% growth rate. Here are the numbers Forbes represented: Serves up lunch, dinner and drinks; founded by Howard Johnson’s in 1969. Average Initial Investment: $1,672,500 Initial Training Hours: […]
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 […]
7-Eleven Whistleblower Alleges Predatory Practices
Sean Kelly at BlueMauMau reports that former 7-Eleven Corporate Investigations Supervisor Kurt McCord has dropped a bombshell in the lawsuit of 7-Eleven, Inc. v. Karamjeet Sodhi, et. al. McCord, an experienced loss prevention specialist who worked for 7-Eleven, Inc. for 7 months in 2013, has stated that he resigned because of “unethical and even unlawful missions” […]
Thank you for your support! Without it we wouldn’t have gotten as far as we did.
Dear Members and Friends of MFOA, Thank you for your support, participation, and advocacy for Maine franchise owners. Your support helped advance the Maine Franchise Owners Association (MFOA) and its mission to protect, defend and enhance the equity for all franchise owners. Even though we lost LD 1458 in the senate, we did get our […]
Re/Max Raises Dues for Agents, and Franchisees
Move bolsters the franchisor’s 2 largest revenue streams On Jan. 1, Re/Max increased the annual dues its agents in the U.S. and Canada pay to affiliate with the brand and the monthly per-agent fees affiliated brokerages in U.S. company-owned master franchise regions pay the franchisor. After holding steady at $390 for 2011 through 2013, Re/Max […]
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.