The recent Unhappy Franchisee post 15 Worst Franchises by SBA Loan Defaults listed the franchise concepts with the highest rate of SBA loan defaults for 2008.
Figaro’s Italian Pizza franchise was listed as the 4th worst. According to Katie Adams of Investopedia:
4. Figaro’s Italian Pizza
Figaro’s has been in business for 28 years, but most of its franchise owners aren’t likely to reach that same anniversary.
One-third defaulted on their loans, unable to grab enough of the industry’s $32 billion in annual revenues.
ARE YOU FAMILIAR WITH THE FIGARO’S FRANCHISE OPPORTUNITY? SHARE YOUR THOUGHTS BELOW.
NJ attorney & member of the Ethics Committee of the Supreme Court of New Jersey Shaun…
NJ attorney Eric J. Warner is the subject of professional ethics complaints submitted to both the…
The Perfect Franchise Consultant Brandon Siegfried continues to promote long-debunked statistics regarding franchise success rates. …
FocalPoint Coaching franchise is promoted by The Perfect Franchise and other broker groups as a…
The FocalPoint Coaching Franchise Disclosure Document (FDD) states the company employees are not authorized to…
Patrick Elsner is a Partner, franchise consultant and commissioned broker at The Perfect Franchise. He…
View Comments