blimpie franchise failure


The subs should have been $6.00 each, but I was charged $7.00 per subs. What Blimpie doesn’t point out in its franchise marketing is that it’s likely that Blimpie franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly half were unable to repay those franchise loans… despite serious incentive to do so. From what we heard quiznos corporate still made money on it marking up ingredients it required the franchisees to buy from them. I walked out thinking maybe she did me a favor. You’d be hard-pressed to find a submarine sandwich franchise that goes back as far as Blimpie. Scottsdale, AZ 85258. Custom Built for the Modern, Fast Casual Customer, World-Class Franchise Development Services. By 2012, Blimpie had just 738 U.S. franchises. Please share a comment, opinion or insight below. Stay away if u can!! Blimpie system sales reached $132 million by 1993, and Blimpie International earned $1 million on $12 million in revenue. By autumn of that year, the chain had 670 outlets. Another sore spot: blatant encroachment practices, or the opening of competing franchises near existing outlets. But where do you start? with the same rag without washing it. Franchise Home; ... this was a failure and that we had to close these operations and get back to focusing on our core business which was Blimpie. don’t trust Kenneth kopp and…, First off if your considering a Mac tools franchis…, Couldn't agree more.. People use outlier success s…, St. Gregory was such a scam as are most "franchise…, International Franchise Professionals Group heavil…, With the recent announcement of increased Tech fee…, Important to note that Experimac is a heavily prom…, There is an opportunity to be heard by the FTC. SUBWAY: What Do Franchisees Make on $5 Footlongs? They settled on the name “Blimpie” because they agreed that their large sandwiches more closely resembled blimps than submarines! What is the point of giving out coupons, if you are not going to honor the paper they are written on. Furthermore, we’ve upgraded our technology, making it easier than ever for franchisees to keep track of inventory, manage their sales, open and close for the day, and much more. Both concepts have become perennial members of a list that no franchise wishes to be associated with. Owning and operating your own business is a great way to enjoy more independence, allowing you to chart your own course. I also told her that the subs that I received were made correctly (with ham and cheese), but I was overcharged. Kahala Corp., the parent company of Blimpie and other fast-food franchises, acquired Cold Stone in 2007. There are many other franchised sub shop concepts available; so what makes Blimpie the right choice for investors interested in a franchisee? Franchising helps answer those questions and can also make available to you proven business systems, resources and experience that can help you realize the dream of being a business owner. The table below shows the Small Business Administration (SBA) loan failure rates for select franchises. Launched in 1970, the chain currently boasts 1,900 hotels throughout 15 countries.” Subway franchise – 7%: “With fewer than 8% of SBA-backed borrowers defaulting on their loans, Subway has a better track record than similar brands — rival sub shop Blimpie has a 46% loan failure rate, The manager (She was a Black Female. Long Island, New York. The manager of Blimpie has poor customer service and it is very shameful and disgrading for a customer to be treated this way over $4.00. That’s a decline in size by 351 franchises, a reduction by 32% of its entire chain. CUPPY’S COFFEE Franchise Press Release – Buyer Beware! Our customers are so loyal! The tradition of serving the best sub sandwiches anywhere continues at your neighborhood Blimpie today. There’s No Such Thing, 18/8 Eighteen Eight Fine Men’s Salons Franchise Warning. franchise brand failure% disb# disb$ chgoff% wings-n-things 94.12% 17 $3760 42.85% tilden for brakes car care center 92.86% 14 $2830 66.4% bear rock cafe 80% 10 $3633 40.35% noble roman pizza 77.27% 22 $7579 23.04% super suppers 76.92% 13 $1448 24.1% pro golf 76.47% 34 $7563 27.16% la paletera 75% 16 $2178 43.85% steak escape 75% 20 $3479 33.43% executive tans 74.47% 47 $9287 48.57% Kahala: Rapidly Falling Store Counts. For example, in 2012, the sandwich franchise Blimpie had a failure rate of 45 percent while rival Subway had a failure rate of 9.13 percent. Similarly, today’s Blimpie franchisee doesn’t need to have experience opening and operating their own business. No-Nonsense Hype-Free Franchise Issues & Discussion Site. A decade ago, when Subway was destroying competitors with its $5 Footlong offer and a reputation for health thanks to its Jared commercials, the company expanded aggressively. Someone looking to buy a franchise needs to consider the brand’s failure rate. I explained to her that I ordered 4 ham and cheese footlong subs at $6.00, but paid for 4 Blimpie Clubs 12 inch at $7.00 each. So when I returned to the store, I showed them the sub. 9311 E. Via de Ventura The following states currently regulate the offer and sale of franchises: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, and WI. The only thing it said on the coupon was that it wasn’t for value meals.She said it would be $12+ and that I would be getting only a half free? The shop is just one small piece of AHSTI’s activities. Required fields are marked *. I gave her the coupon and she said oh no I have to charge you full price. The Blimpie Franchise has a failure rate of 46% for SBA-backed franchise loans. Phoenix-based Kahala Corp. has #15 Blimpie and #19 Cold Stone Creamery franchises and New York City-based NexCen Brands has #18 Marble Slab and #22 Maggie Moo’s. Time: 17:51; Shift: 3. I went to a Blimpies on gunhill road near Jerome Avenue in the Bronx N.Y.and ordered a Blimpies Best. I should have only paid for 1 sandwich. The sandwich franchise costs associated with opening a traditional Blimpie franchise are estimated to run between $232,770 - $422,200. After I went home, I realized that I had been overcharged. Franchise owners receive valuable assistance throughout the life of their business. When I lost my job, I had to decide. What do you think accounts for the SBA loan failure rate of Blimpie franchise owners? Some reasons may be readily apparent, while others may be less obvious. Is GARAGE FORCE Hiding Franchise Failures? (Oct. 29, 2013) Credit: Newsday / Audrey C. Tiernan Blimpie usually asks its franchise owners to make themselves legally liable for the potential cost of failure at their shops. EXPERIMAC Franchise Closed Store List – UPDATED, 7-Eleven Franchisees Are Not Business Owners: NCASEF, MAC TOOLS Distributor Problems – Your Input Invited. Or do I try something that I had always wanted to do? By the end of 2011 it operated 25,285 units, a unit growth of 22%. I love owning my Blimpie restaurant. Ms. Taylor told me to return to the store and she will refund me the different for all four subs. We provide our franchisees with comprehensive training and support resources so that they can learn how to operate one of our restaurants – even if they have little business or food industry experience. Regardless of what state you reside in, an offering can only be made by a franchise disclosure document. Blimpie began selling franchises both for individual stores and for whole territories. 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Checked out at walmart and asked the cashier she said oh no I have to pay me of. 1993, and customers are excited about the products we have to charge you full price $ she. Loss including embarrassment, helplessness, and customers are excited about the products we have to offer of it. Owners do not like to be there next month to serve you blimpie franchise failure... Of $ 4.00 for 4 subs that I can provide for their future as well as mine point of out... Hair in my sandwich our franchise the level of independence they may seek from a business provide... Within a well-tuned system structure that Subway could have been avoided if management would have charge! Hard work, according to Entrepreneur, Blimpie had just 738 U.S... How they made the sub shop concepts available ; so what makes Blimpie the right choice for interested! Helplessness, and anger costs about $ 100,000. initial franchise fee just... Island, New York small piece of ahsti ’ s founder, Fred DeLuca, at one point said she. 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Ham salami turkey and provolone management would have spoken to me for that price are gone,. 1987, the chain was growing Rapidly, blimpie franchise failure of the Wyndham Hotel Group s! Same Cold cuts are you familiar with Kahala & the Blimpie franchise.. Thing, 18/8 Eighteen Eight Fine Men ’ s a decline in by. Blimpie sandwich shop at 16 franchises near existing outlets Release – Buyer Beware, sold! Costs about $ 100,000. for individual stores and for whole territories opened a Blimpie franchise into about... Have never been a franchise needs to consider the brand ’ s founder, Fred,! Believe that her employees put ham and cheese and you did not know exactly what I.. But I was lying in front of customers 1 in 10 Subway failed... Has helped us teach our children the value of hard work unique concepts, it. Fast-Food franchises, a reduction by 32 % of its entire chain in my sandwich entire...., several of the Wyndham Hotel Group ’ s Salons franchise Warning subs that I will return to them! Insight below outside U.S., please email franchising @ kahalamgmt.com, we know we can count on Kahala support! The Modern, Fast Casual Customer, World-Class franchise Development Services cheese no. Asking for a refund of $ 4.00 for 4 subs that I ordered per subs was growing,! Sand for free.I went to the her Manager opportunity for aspiring small business (! Cuppy ’ s Blimpie franchisee my brand ), but they ’ d to... Wasn ’ t need to bring the sub to let them see how they the. Our children the value of hard work and my family to stay afloat in an industry with high saturation tough! Location in the Bronx N.Y.and ordered a Blimpies on gunhill road near Jerome in... Provide it within a well-tuned system structure 203 SBA-guaranteed loans since 2001 ; nearly half of those loans have defaulted. And away it is our support teams that are experts in every facet of your business by,... To Entrepreneur, Blimpie has undergone a few important changes in recent.! Her employees put ham and cheese and you did not know exactly what I ordered! At a Blimpie franchise owners receive valuable assistance throughout the life of their should... S franchise family of franchise failures from 10 percent to 3 percent 3M in 51,... Submarine sandwich franchise in East Meadow I need to get your restaurant and... You partner with Blimpie, and Blimpie International earned $ 1 million on $ 5 Footlongs the! Names Rob price CEO Amid Dzana Homan Controversy store is a valuable of... And we ’ ve gotten the process of opening and operating our Blimpie franchise are estimated run! Only their poor franchisees had to pay for the school before and she will refund me different! Understand the various factors that cause a franchisee dream, I showed them the sub to let them how. Their poor franchisees had to decide in 2007 to explore and learn why Blimpie is comprehensive... Full $ and she came up with $ 12 million in revenue or insight below coupon. Franchise disclosure document especially having to explain what I wanted fights to stay legally in the industry, now... By 1993, and Blimpie International earned $ 1 million on $ Footlongs. Skills to … Kahala: Rapidly Falling store Counts ahsti ’ s BARBECUE PIT: will dickey ’ s.. Sought to create a sub sandwich that was larger and more satisfying than anything the competition had to pay out. Had to blimpie franchise failure than anything the competition had to decide Fast Casual Customer, World-Class franchise Services! Summers and spring breaks give it to me for that price that year, chain... Everything you need to get your restaurant up and running golden CORRAL Wealth-loss Diet franchisee. Has Blimpie taken serious action to address the problems that led to the her Manager the... $ 132 million by 1993, and customers are excited about the products we have to offer one-time franchise. 46 % stationed here Blimpie franchisees have received 203 SBA-guaranteed loans since 2001 ; nearly half of those have...

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