The Precision Tune Auto Care franchise has an alarmingly high SBA loan default rate of 31%
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That means that Precision Tune franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 31% of the time.
In addition, Entrepreneur reports that the total number of Precision Tune franchises has declined from 277 in 2008 to 232 in 2011, a decline of 16%.
Are you familiar with the Precision Tune franchise opportunity?
What do you think accounts for the high SBA loan failure rates of Precision Tune franchise owners?
What steps should Precision Tune Auto Care be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A PRECISION TUNE FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE PRECISION TUNE FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Precision Tune, Precision Tune franchise, Precision Tune Auto Care, Precision Tune complaints, automotive franchise, franchise, franchise failure rate, auto franchise, worst franchise, franchise information, unhappy franchisee
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