bad franchise experance any one ealse have the same

julies boy

Bought a franchise from an english company for the dublin area. They changed their mind and no longer wanted to operate in Dublin as it was costing too much and to much hassle. In the end it cost me 50,000 plus a years salary - any one else have this similar experience - and is there any thing that can be done.

jimmmy

Because its a different jurisdiction, and because solicitors / barristers charge such high fees, it may or may not not be worth pursuing. I know of another case where an English company exhibited at the franchise show in the RDS, got sizeable amounts of money from a dozen different franchisees / investors from around Ireland, and it all was a big disappointment. None of the dozen are still in the business, and they lost the same sort of money as you. In my humble opinion a lot may depend on how well known / reputable the franchisor is, or not as the case may be, and whatever legal agreement there was in place, and if that was broken. What sort of franchise was it ( eg food, printer cartridges or what ? ) and why was it not viable in Dublin if it was viable everywhere else ? If you can prove the UK company told porkies to get the 50k off you, it may help your case.

DubTony

yup, got a franchise from an Irish company, after they'd already done a deal with a competitor who had yet to build his premises. So they f*cked him over and left me to carry their bad name. By the time I knew what had happened it was too late.

antoinolachtnai

Sorry to hear about your problems.

What do you want from them? What did they promise? Do you think the business is any good? Is there a business in ireland worth taking over.

jimmmy

I would say that 80% of the franchisors / exhibitors at the Irish Franchise show 4 or 5 years ago do not have franchisees that are trading sucessfully. I would say a lot of people have lost a lot of money, and most people would never have heard of some of the franchisors. Obviously there are some success stories, such as the big names like McDonalds. Overall, be careful.

julies boy

hi all
the franchise was in comersial matence the uk setup was turning 20 mil sterling and a resiniable well known name over their
what i was looking for them to do was to buy back the equiptment i had since it is all specialied and hard to shift