Serruya family buys Kahala, Cold Stone and others

August 23, 2013

Multi-tradename franchisors often are (how should I say this) the least sensitive to franchisees’ investment concerns,

BMM Cold stone

A very good article on Blue MauMau by Janet Sparks, Kahala Acquired in Auction by Serruya Family:

TORONTO – The Serruya family today announced that they have acquired a controlling interest in Kahala Corp., owner of Cold Stone Creamery and many other franchised brands. The transaction was completed on Monday.

The Serruya family brings substantial experience in franchising to Kahala. They are planning for growth of Kahala brands in both international and North American markets.

The new franchisors seem to have to prove something to knowledgeable franchisee advocates.

Former Cold Stone franchisee Cecil Rolle, who has been engaged in litigation with the franchisor said, “I’m hoping the acquisition of Kahala Corp by the Serruya Family is a watershed moment for Cold Stone Creamery franchisee profitability and the harmonization of the franchisor to franchisee relationship, which has been as contentious as they come. The Serruya Family will have to prove to me they are serious about the concerns of the franchisees and their families. Rolle has been an advocate for current franchisees, assisting them in profitability and other issues.

Some of the comments about the buyers from a related Globe and Mail article are speak to all the franchisees might be in for:

10. Sniktaw
Have to agree with the general thrust of the other posts here. These scumbags are right up there with Marc Tellier re ability to engineer massive shareholder value destruction whilst at the same time garnering obscene riches for themselves.
11. 911c2
i also got creamed owning their stock. Also, rode up the swisher stock that coolbrands turned into. That stock was jacked up to $10 now its at $1 again!! I will run away from anything that they are selling. No more stocks from them. won’t even try yogurtys since they r involved. Are they still doiong business deals with Jack Banqueseus aka Jack Banks who had four public shell stocks?
this post is all in my humble opinion

Franchisees have much, much less protection against opportunism than do owners of publicly traded stock.


God I am soooo sick of franchisee families’ pathetically, neverendingly bleating about injustice.

June 30, 2013

Moral indignation is a technique used to endow the idiot with dignity.

Mcluhan thug

The latest pathetic example is the entirely predictable Lick’s “fiasco”.

Please: give me a break. Like it hasn’t been  happening for 30, 40 years with the full knowledge of the legal, banking and political communities. Take a look at WikidFranchise.org to hear those inconvenient life stories.

Sure when you lose big-time it hurts. but where were the tears for the thousands of others that went before you?

My experience is that the real reason many franchisees are upset about not being on the power end of the relationship. They got stuck with the shit end of the stick before they could stick the next guy.

And this may sound harsh, but they will double-cross anyone that offers help in good faith.

Drop the scales from your eyes and grow up.

I wouldn’t have seen it if I hadn’t believed it. Marshall McLuhan.


Why is Lick’s Homeburgers & Ice Cream being killed off by its franchisor?

June 29, 2013

What franchisor sends this message to the retail market?

Licks valued customer

Is it in acting in bad faith by destroying all existing Lick’s franchisees’ equity?

  • Who would buy any of these outlets?

Licks

Media coverage:

The franchise bar, with perfect foreknowledge, will take what is left of their money in what will be (in the end) a hopelessly futile attempt at legal justice in Ontario. Talk to your premier and your small business loan provider not your a franchise lawyer.


A Yogabellies franchisee gushes: “A yoga franchise gave me a business and the freedom to enjoy my family.”

June 10, 2013

United Kingdom franchise advertisements frequently assume all their potential “partners” are morons.

Yogabellies

That Suzanne Goddard, a franchisee for Yogabellies, is shilling for her franchisor is a sure sign of a FranWhack to any of the jaded bastards in Austalia, the US or Canada.

But still franchise salespeople continue to churn the business renters and pap.

The Problem:

I never felt like I was fully committed to my job and definitely felt unbelievably guilty that I wasn’t being the parent I wanted to be. Until one day, after much soul searching, I decided there must be another way and I turned to the internet in search of something, anything, that I could do from home, working more flexibly.

A franchise as the out-of-the-blue Solution? For the seller, maybe:

It was at this point I stumbled across a franchised network called Yogabellies, which was offering teacher training in peri-natal yoga classes, baby massage and birth education.

A few phone calls later, I was satisfied that a franchise was the way to go. I was a little apprehensive about investing the required funds towards training and setting up my business. However, Yogabellies’s approach allowed me to set up affordable payment plans towards the training, as well as being able to start with one course or qualification at a time. It also allowed me to train while still working full-time, paying for my training before I left employment.

Peri-natal yoga classes as a profitable franchise concept over a 10 to 20 year timeframe?

My oh my oh my…


Failure is the opportunity to begin again, more intelligently.

June 10, 2013

Failure

Purple Buddha Project


Les, you’ve been a disappointment.

May 15, 2013

An outstanding observation after 4 years of work with a franchisee association.

Vonnegut

Generally speaking, espionage offers each spy an opportunity to go crazy in a way he finds irresistible. Kurt Vonnegut Jr. 1922 – 2007


Franchise laws worldwide

May 11, 2013

Laws serve those classes able to influence their passage.Aus franchise

Thanks to our friends down under.


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