Harvey Weinstein went on-and-on-and-on because of the Gag Orders (non-disclosure “agreements”) that his lawyers forced onto his vulnerable prey. Same in franchising.

January 11, 2020

As a franchisee expect 10 to 15 per cent of the value of your investment while being gagged to protect your frachisor, the lawyers and bankers.

Harvey Weinstein arrives at State Supreme Court in Manhattan, in New York, Monday, Jan. 6, 2020. Harvey Weinstein is on trial on charges of rape and sexual assault, more than two years after a torrent of women began accusing him of misconduct. (AP Photo/Richard Drew)

Weinstein’s accountants have already preserved and sheltered his wealth.

Same in franchising.


I pray that the parents of franchise bar lawyers can forgive their brats for squandering their lives trading in franchisee deceit.

November 9, 2019

Is there a special place in hell for those that prey on the most vulnerable?


Do the Canadian Franchise Association, Just Desserts and Sweet Jesus recognize any spiritual or family values?

March 27, 2018

Sweet Jesus is not just another flash-in-the-pan predatory franchise scam, although it most assuredly is that. In spades.

Instructively, it is a recent example in a long line of web of lies-filled schemes that the franchisor-led trade associations spin in Canada and around the world which enables far greater evil to manifest.

Reminds me of the cocaine-fueled Just Desserts situation, before the homicide(s).

Happy Holy Week to all my franchise banker friends, as well.


Which shareholder enables the franchisee class-action game?

June 29, 2017

The informal franchisee leaders. The organizers. The “white knights”.

When the class-action fraud sausage explodes, You can’t really blame the lawyers for pandering to your lack of wholeness, wisdom, and confidence.

Can you?


3G Capital poises for accelerated growth in U.S. Tim Hortons by closing stores?

November 23, 2015

Number of closed stores and terminated Canadian franchisees is both unknown and unknowable because of lapdog disclosure rules.

20151123 Tim Hortons

Tim Hortons confirmed that stores across Maine and New York closed on Friday. RENE JOHNSTON / TORONTO STAR FILE PHOTO

An interesting article in Canada’s largest daily newspaper, Tim Hortons closes locations in New York, Maine, (subheadline:
Coffee chain refuses to say if it has closed any Canadian outlets. It has reportedly closed more than 20 stores in the U.S.):

Tim Hortons has closed down many locations across New York and Maine, only a few weeks after reporting a profit of $49.6 million (U.S.).

The coffee chain would not confirm if any Canadian outlets had been closed or how many U.S. stores shut.

And also in a press release:

“As we build the foundation for accelerated growth in the U.S., we have decided to close some restaurants in New York and Maine.

Comment on article by reader “Relax”: Apparently, Tim Hortons has figured it out. The best way to “accelerate growth” in the US is to start by closing stores.

Canadian Franchise Industry Much More Secretive: Franchisors in the United States are required to report the number of stores and franchisees closed, terminated, etc. each year. There is even public access to their Franchise Disclosure Documents (see California’s search template: Tim Hortons USA Inc). In Canada, provincial ministries do not require franchisors to publish this data. So sad for investors or journalists or the captured franchisees’ billions of investment $.

Additional coverage:

Franchisors have traditionally sent signals to their franchisees on how they would be treated if they’re not seen to be “on the team”. Normally, the most vocal are out first.

Word from Canada is that the franchisees has it that their stores have never been more profitable.

The real prize is on the (surviving but fewer) CDN franchisees’ income statements.

 


If John Sotos would talk to me, what would we talk about after all these years?

July 7, 2015

I took John and Susan Kezios’s picture on the first day of the public hearings that resulted in the Arthur Wishart Act (Franchise Disclosure), 2000. EPSON scanner ImageWho knows…maybe one day our widows will will talk?


How frequently does Tim Hortons terminate their franchised stores in the United States?

February 24, 2015

Termination of a franchise agreement is the most financially devastating action a franchisor can take.

Terminations 2013

It is the “weapon of mass destruction” for mom-and-pop franchisee life savings and employment

Terminations 2012

 

Responsible franchisors avoid this too because it is such a red flag to the investment community.

Terminations 2011

It is only fair to compare it to their peer group and to best practices.

Terminations 2010ie. Tim Hortons terminated their U.S. franchisees 22.9, 1.1, 2.1, and 9.4 times more frequently than McDonald’s had done in the same year (2010 to 2013).

The frequency that the franchisor chooses to terminate a franchisee is a material fact to any buying or renewing franchisee.

Source: Information from Franchise Disclosure Documents (see for example Wisconsin Department of Financial Institutions). Free download for U.S. filed documents. One of 4 online sources.

Canadian information is unavailable because no provincial law requires these CDN documents to be (1) publicly filed or (2) put online.

Alberta, Ontario, New Brunswick, Prince Edward Island, Manitoba and soon-to-be British Columbia

Posted also on ConcernedTimHortonsFranchisees.ca.


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