CHILDREN’S ORCHARD: New Site Exposes Blight
According to a new post on Unhappy Franchisee (CHILDREN’S ORCHARD: Unhappy Franchisees Launch Site), the Children’s Orchard franchise owners association thinks it’s got a bad apple in its midst, and they’re afraid he will ruin the whole barrel.
They’ve launched a new website with the intent of warning prospective franchisees about what they describe as an “unconscionable” new Children’s Orchard franchise agreement, as well as the downward spiral they claim the chain has experienced since CEO Taylor Bond and his investor group acquired the franchised resale shop chain in 2004.
According to the overview of The Orchard Cooperative’s complaints: “Since 2004 when Mr. Bond took charge, 23 new stores have opened, more than twice that number, 49, have closed… Each… lost hundreds of thousands of dollars in the process. As if that’s not enough, the franchise invariably and aggressively pursues these owners demanding that they pay them royalties and ad fees for the balance of the ten year franchise period.”
Read more:
CHILDREN’S ORCHARD: Overview & Links
CHILDREN’S ORCHARD: Unhappy Franchisees Launch Site
Children’s Orchard: Hyped to the Core?
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Post from: Franchise Pick