DonutNV franchise owners who invested in multiple territories reportedly left the system in late 2023. If that’s true, their exit should’ve been documented in the 2024 DonutNV Franchise Disclosure Document (FDD)… but wasn’t. We add Burt & Elizabeth Nassif and their Mount Holly, NC (Charlotte) franchise (s) to our list of disclosure questions for DonutNV… and state regulators. by Sean Kelly
(UnhappyFranchisee.Com) Our sincere condolences to Burt & Elizabeth Nassif to Mt Holly, NC who, it appears, left their DonutNV investment behind in less than one year.
Burt & Elizabeth Nassif received the usual promotional fanfare at the signing and opening of their multi-territory DonutNV franchise in Charlotte, NC in late 2022.
It’s been reported that Nassif’s left the system in less than a year, selling their trailer to a fellow franchisee in December, 2023.
Yet the Nassif’s departure and possible closure or transfer was not disclosed in the FDD dated April 31, 2024.
We therefore add the Nassif’s to our growing list of disclosure questions and mysteries we hope Alex & Amanda Gingold will explain.
Others include:
Please share your candid & confidential opinions and information with an anonymous comment below, or by emailing the author at UnhappyFranchisee[at]Gmail[dot]com.
November 8, 2022 Franchise Fastlane boasted that they had sold 4 DonutNV territories in the Charlotte, NC area to franchisees Burt & Elizabeth Nassif.
January 2, 2023, the Nassif’s registered a new corporation, ANWN Enterprises, Inc., with the NC Secretary of State.
January 4, 2023, Burt Nassif posted to Facebook that they’d be ready to launch their business February 1, 2023.
May 19, 2023 Burt & Elizabeth Nassif’s DonutNV franchise was featured in a NeighborhoodTV video.
Social media postings for Burt & Elizabeth Nassif’s Charlotte, NC franchise seemed to get less frequent as the year progressed.
By the end of 2023, anonymous sources report, Burt & Elizabeth exited the system. they reportedly sold their trailer to another franchisee operating several states away.
December 31, 2023, the Nassif’s dissolved ANWN Enterprises, Inc., according to the NC Secretary of State.
If the Nassifs did, indeed, exit the franchise system in 2023, one would expect it to be disclosed in the 2024 FDD.
However, the DonutNV FDD dated April 31, 2024 lists Edward (Burt) Nassif as a current, operating franchisee through the end of 2023:
North Carolina
Edward Nassif*
180 Tom Sawyer Ln, Mount Holly, NC 28120
704-458-5041
An Elizabeth Nassif (a different Elizabeth Nassif, perhaps?) is listed as a co-franchisee of the Egg Harbor Township, NJ franchise with Charles Bernardis
New Jersey
Charles Berdinis, Elizabeth Nassif*
416 Glenn Ave, Egg Harbor Township, NJ 08234
716-572-5958
It seems so, but maybe not.
It’s very hard to report accurate and confirmed information when a franchisor
The purpose of the FTC-mandated Franchise Disclosure Document (FDD) is to provide answers, but I always have more questions when I review the DonutNV FDDs.
When a new DonutNV franchisee signs a franchise agreement, there’s practically a ticker tape parade.
Actually, two ticker tape parades: One when the broker lands their hefty commission and the second when their business becomes operational.
However, trying to learn the outcome of their first year or two in business can be like uncovering state secrets.
We can’t report definitively what happened after the celebrated sale of the NC DonutNV multi-unit territories by Franchise Fastlane.
Prospective DonutNV likely can’t access learn of the experiences or opinions of the Nassifs as, it appears that DonutNV Franchising and their attorneys only positive experiences and messages to be shared.
Also Read:
DonutNV Franchise Downgraded by Broker Group (?) as Franchisees Exit, Questions Grow
Is the DonutNV Franchise Too Good to be True?
DonutNV Franchise Earnings Claims: Accurate? Or Intentionally Deceptive?
Franchise Brokers: Have ZERO DonutNV Franchise Owners Failed?
DonutNV References/Documentation:
DonutNV 2024 Franchise Disclosure Document (FDD)
DonutNV 2023 Franchise Disclosure Document (FDD)
DonutNV 2022 Franchise Disclosure Document (FDD)
Are you familiar with the DonutNV franchise opportunity?
Are you familiar with Franchise Fastlane?
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Tags: DonutNV, DonutNV franchise, DonutNV North Carolina, DonutNV Charlotte, DonutNV Burt Nassif, DonutNV franchise opportunity, Donut franchise, Franchise Fastlane, Alex Gingold, Amanda Gingold, Jake Hamburger, Joe Ferris, Franchise Sidekick, Franchoice, IFPG, Franserve, Franchise Brokers Association,
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