Fast food franchisees raked over the coals, alleges FTC
For many Americans, owning a fast food franchise seems like a promising way to secure their financial future.
- For many Americans, owning a fast food franchise seems like a promising way to secure their financial future.
- The defendants also promised to help franchisees customize your location, hire a small team, and generate wealth.
- The defendants also promised to help franchisees customize your location, hire a small team, and generate wealth.
- In addition, the complaint alleges that the defendants made financial performance claims to prospective franchisees, but failed to put those statements in the Financial Disclosure Document, as the Franchise Rule requires.
- Whats more, the FTC and DOJ say Burgerim made claims in the disclosure document that contradicted things they said to prospective franchisees.
- The lawsuit alleges that the defendants violated the FTC Act by falsely representing that they would refund the franchise fee of franchisees who werent able to get financing or a restaurant location.
- The lawsuit alleges that hundreds sought to cancel their franchise agreement, but the defendants didnt honor their refund promises.
- Take it slooooow.Buying a franchise is a major financial commitment incompatible with fast talk, high pressure, and quick decisions.
- Seek out franchisees and ask the tough questions.Contact the franchisees (or former franchisees) included on the Financial Disclosure Document and ask in-depth questions about their experience.
- Franchisees, have you spotted a questionable business practice the FTC should know about?