HUNGRY HOWIE’S PIZZA Franchise Complaints
The Hungry Howie’s Pizza franchise has a relatively high SBA loan default rate of 23%.
Are you familiar with the Hungry Howie’s Pizza franchise opportunity? Please share a comment below.
According to the Small Business Administration, Hungry Howie’s Pizza franchisees received 32 SBA-guaranteed loans since 2001; 23% of those loans have been defaulted on by Hungry Howie’s Pizza franchise owners.
According to Entrepreneur, the Hungry Howie’s Pizza franchise chain has shrunk from 575 U.S. franchises in 2008 to 545 in 2012… a decline of 30 franchises or 5% of all U.S. franchises.
The Hungry Howie’s Pizza Franchise has a failure rate of 23% for SBA-backed franchise loans
Despite the franchise failures in the Hungry Howie’s Pizza franchise program, Hungry Howie’s Pizza continues to solicit new franchisees on its website.
What the Hungry Howie’s Pizza franchise marketing page doesn’t disclose is that it’s likely that Hungry Howie’s Pizza franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly a quarter were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Hungry Howie’s Pizza opportunity?
What do you think accounts for the SBA loan failure rate of Hungry Howie’s Pizza franchise owners?
What steps should Hungry Howie’s Pizza be taking to stop further franchise failures?
Has Hungry Howie’s Pizza taken serious action to address the problems that led to the 23% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A HUNGRY HOWIE’S PIZZA FRANCHISE OWNER OR FORMER HUNGRY HOWIE’S PIZZA FRANCHISEE? ARE YOU FAMILIAR WITH THE HUNGRY HOWIE’S PIZZA FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Hungry Howie’s Pizza, Hungry Howie’s Pizza franchise, Hungry Howie’s franchise, Hungry Howie’s Pizza complaints, pizza franchise, pizzeria franchise, pizza, franchise opportunity, restaurant franchise, food franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee,