WORST FRANCHISE LOAN FAILURES
Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops.
|
|
WORST FRANCHISE LOAN FAILURES |
Failure % |
|
1 |
OBEE’S SOUP SALAD SUBS |
55.56% |
|
2 |
LADY OF AMERICA |
41.94% |
|
3 |
COUNTRY CLUTTER (BED & BREAKFAST) |
41.18% |
|
4 |
COPY CLUB |
36.36% |
|
5 |
ALL TUNE AND LUBE |
35.71% |
|
6 |
PICKERMAN’S |
35.71% |
|
7 |
PHILLY CONNECTION |
35.59% |
|
8 |
ROLY POLY ROLLED SANDWICHES |
34.78% |
|
9 |
COTTMAN TRANSMISSION |
34.48% |
|
10 |
HAIR COLOR EXPRESS |
33.33% |
|
11 |
LEE MYLES AUTOMOTIVE TRANSMISSIONS |
33.33% |
|
12 |
GODFATHER’S PIZZA |
33.33% |
|
13 |
SMOOTHIE FACTORY |
33.33% |
|
14 |
BLIMPIE |
31.39% |
|
15 |
GOLF U.S.A. (RETAIL GOLF EQUIP.) |
30.77% |
Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005
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