NOTE: This campaign is for funding an independent investigation & report by franchise issues and advocacy site UnhappyFranchisee.Com. We are not affiliated in any way with Experimac, United Franchise Group (UFG) or their affiliates or associates. We maintain strict confidentiality for the identity of our sources and contributors. _________________________ SUGGESTED DONATION: $250.00 _________________________
Why are so many Experimac franchise owners losing their life savings? Their 401Ks? Their homes? Their emotional well-being?
Why are they defaulting on their SBA loans? Declaring bankruptcy? Struggling to keep their families & marriages intact? Grappling, for the first time, with anger & depression?
Did these smart, educated, rule-following professionals fail to follow the well-documented business system they invested in? Did they slack off, recklessly neglect the proven franchise business established by the legendary "global leader for Entrepreneurs," United Franchise Group (UFG)?
Your contribution will enable a 30-year franchise veteran to answer these questions and more, and to provide a well-researched and thoroughly documented report on the Experimac Franchise Crisis.
Experimac Franchise Investigation & Report will detail the challenges and issues Experimac owners are battling for survival, and what UFG is doing to address its crisis. The Experimac Franchise Investigation & Report will uncover & document the factors that are threatening the well-being of those who seek to own their own businesses - and provide next steps for averting the crisis.
Experimac is a franchise opportunity aggressively promoted by multi-concept franchisor United Franchise Group (UFG). UFG persuades prospective franchisees to invest $150K - $325K to open their Experimac store. Many franchisees risk their life savings, homes, 401Ks and family’s financial futures based on representations made by the highly experienced UFG and Experimac sales machine.
The company website lists 96 currently operating Experimac locations. However, we’ve identified more than 50 franchises that have closed or had ownership reassigned. SBA loan defaults and Experimac-related bankruptcies are on the rise. With franchisees who closed stores report losses averaging $200,000 - $300,000, the financial toll has reached a potential $10M-$20M… and climbing.
· What accounts for the high estimated turnover rate (35%) of Experimac franchisees?
· What factors do current & former Experimac franchise owners cite for the rising store closures?
· Are the franchise marketing and sales claims made to prospective Experimac franchise owners honest & accurate?
· Is the Experimac retail concept functioning as presented by Experimac & its senior management?
· Are outside funding providers (Benetrends, First Financial, Celtic Bank) playing a role in the distressing number of failures?
· What is the financial and personal damage being caused by the rising Experimac failures... not only for franchisees, but the American taxpayer?
Your contribution will enable UnhappyFranchisee.Com to dig deep into these topics and more. At each $500 threshhold, we will publish an article and supportive documents on a critical research finding.
After the $2500 threshold is reached, we will publish two reports: the basic overview of our findings for Contributor-level ($25-$249) donors, and a more extensive report with action steps for Supporter-level ($250+) donors. We anticipate reports to run in the 25 pp. – 50 pp. range.
We have published three Experimac articles (posts) so far. Our proposed publishing schedule will be as follows:
Experimac Article #4: 1-2 weeks after $500 is contributed.
Experimac Article #5: 1-2 weeks after $1000 is contributed.
Experimac Article #6: 1-2 weeks after $1500 is contributed.
Experimac Franchise Investigation & Reports Distributed: 1-2 weeks after $2500 is contributed.
For questions, interview requests, or to offer assistance in the research process, please email ADMIN at UnhappyFranchisee.Com. Experimac franchise owners and former owners can contribute or be interviewed without their identities being shared. NDAs are available upon request.