The DoubleDave’s Pizzaworks franchise has an alarmingly high SBA loan default rate of 50%.
Are you familiar with the DoubleDave’s Pizzaworks franchise opportunity? Please share a comment below.
According to the Small Business Administration, DoubleDave’s Pizzaworks franchisees received 31 SBA-guaranteed loans; half of those loans have been defaulted on by DoubleDave’s Pizzaworks franchise owners.
Yet despite the obvious failures in the DoubleDave’s Pizzaworks franchise program, the DoubleDave’s Pizzaworks website not only cheerfully promotes the DoubleDave’s Pizzaworks franchise opportunity, it boasts about its inclusion in the SBA Franchise Registry.
What the DoubleDave’s Pizzaworks franchise marketing page doesn’t disclose is that it’s likely that DoubleDave’s Pizzaworks franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and more than half were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the DoubleDave’s Pizzaworks franchise opportunity?
What do you think accounts for the SBA loan failure rate of DoubleDave’s Pizzaworks franchise owners?
What steps should DoubleDave’s Pizzaworks be taking to stop further franchise failures?
Has DoubleDave’s Pizzaworks taken serious action to address the problems that led to the 50% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A DOUBLEDAVE’S PIZZAWORKS FRANCHISE OWNER OR FORMER DOUBLEDAVE’S PIZZAWORKS FRANCHISEE? ARE YOU FAMILIAR WITH THE DOUBLEDAVE’S PIZZAWORKS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: DOUBLEDAVE’S PIZZAWORKS, DoubleDave’s Pizzaworks franchise, DoubleDave’s Pizzaworks complaints, Double Dave’s Pizzaworks, pizza franchise, pizzeria franchise, pizza, franchise opportunity, restaurant franchise, food franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, David Miller
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