Tuesday, July 28, 2015

NY Bagel Cafe Failed Franchises

NY Bagel Cafe franchise disclosure documents reportedly claim that the company sold its first franchise in 2012 and have had NO failures or terminations. 

However, UnhappyFranchisee.Com  has challenged the accuracy and honesty of the NY Bagel Cafe franchise claims by posting a list of more than 30 NY Bagel Cafe locations that were opened and closed in failure.  The list is posted here:

NY BAGEL CAFÉ Franchise: How Many Have Closed? [UPDATED]

UnhappyFranchisee.Com offers further proof of NY Bagel Cafe franchise failure rate of 90% or higher by posting actual pictures of the failed NY Bagel Cafe storefronts here in their Franchise Graveyard:

NY BAGEL CAFÉ Franchise Graveyard

The lesson here is be careful dealing with ANY franchise, but be ESPECIALLY careful dealing with the NY Bagel Cafe franchise.  Be sure you verify every claim they tell you, and read every post published about them on UnhappyFranchisee.Com.

A full list of their published posts on the NY Bagel Cafe franchise can be found here:

NY Bagel Café Franchise Scam Overview

NY Bagel Cafe

Tuesday, September 25, 2007

Contours Express Franchise Owners Cry Fraud

Contours Express is now the #2 Women's circuit training gym behind Curves. They claim to be the the second fastest growing with over 600 locations worldwide in 20 countries, the most affordable and the most effective.

However, nearly 60 Contours Express franchise owners don't agree with the rosy picture painted in the marketing materials. According to a report on franchise discussion site FranchisePick.Com, hey have filed a petition for damages in the Circuit Court of St. Louis County against AABB FITNESS HOLDINGS, INC. (formerly known as CONTOURS EXPRESS, INC.), CONTOURS EXPRESS, LLC, and franchise broker JAMES E. HOGG (dba Franchise Visions), alleging fraud and breach of contract.

Among the numerous complaints, each of the plaintiffs allege that the Contours Express UFOC dramatically understated the cost of building out and operating a location, that the owners of Contours Express and their representatives also made “earnings claims” or verbal pitches regarding profitability, and that the typical franchisee’s working capital was exhausted soon after they opened their location and most could not service a debt load of 50 to 100 percent greater than they had been led to believe. The suit also alleges that Contours Express provided little or no support to the franchisees and once the stores were opened, very few of the franchisees were ever visited by representatives of the franchisor.

READ THE ARTICLE HERE: Franchise Dreams Becoming Nightmares for Many Fitness Club Owners

Related reading:

Is Contours Express a Great Fitness Franchise?

Is Curves for Women a Good Franchise Investment?

IS BUTTERFLY LIFE A GREAT FITNESS FRANCHISE?

Will the REAL Butterfly Life Franchise Please Wave Its Wings?

The Contours Express Second Amended Complaint for Damages document, Uniform Franchise Offering Circular (UFOC) and other documents are available in the FranBest.Com franchise document library.

A-Franchise-A-Day! by FranBest.Com

Discover the best coffee franchise opportunities at FranBest's Coffee Franchise Guide

Where to promote your top new franchise? Start with Top New Franchises.

Wednesday, June 27, 2007

Subway (VA)

Requiem for a Dream
Richmond Style Weekly, VA - 7 hours ago
We’ve survived the street closing, construction, customers complaining to us about not having simple access to the building.” When he bought the franchise ...

Magoo's Pizza (HI)

University watering hole Magoo’s to close
Honolulu Star-Bulletin, HI - 7 hours ago
The chain has roughly 20 locations in the Philippines and its last remaining local franchise in Aiea, under separate ownership.

NY Hooters Closes

Hooters closes at Crossgates
Albany Business Review, NY - Jun 26, 2007
... Inc., Michael Walsh and Paul Kraemer, owned the franchise rights to 12 other Hooters in New England through another firm, RJ Fitz LP. ...

Monday, June 25, 2007

WV 123 FIT Franchise Closes

Fitness center 123 Fit closes its doors at Riverwalk Mall Daily Mail - Charleston, WV - Jun 6, 2007 Efforts to contact franchise owner Laura Jennings have been unsuccessful. Calls to the storefront on Tuesday were not returned. ...

IL Wendy's Franchise Closes

Wendy's closes after company sues operators Urbana/Champaign News-Gazette, IL - Jun 18, 2007 But it said the defendants opened the restaurant without receiving approval from Wendy's Franchise Review Council. In its suit, Wendy's said the defendants ...