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The FRANCHISE that Ruined the LIVES of Franchisees ?

The FRANCHISE that Ruined the LIVES of Franchisees ?

FromFranchise Findings by Vetted Biz


The FRANCHISE that Ruined the LIVES of Franchisees ?

FromFranchise Findings by Vetted Biz

ratings:
Length:
53 minutes
Released:
Dec 15, 2022
Format:
Podcast episode

Description

Massage Envy is a franchise that offers massage and other spa services to customers across the US. It was founded in 2002 and started franchising in 2003. Massage Envy has been the subject of criticism from many franchisees. Many have accused Massage Envy of lying to them about their business potential and earnings, resulting in significant financial losses for these investors.

In this interview with Ms & Mr Grunfeld, we will talk about their story as franchisees of this franchise. What did they promise them? What are the consequences of Massage Envy's actions? And much more. So, if you are a franchisor or prospective franchisee, this episode is for you.

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00:00 Introduction
00:12 About Ms. And Mr. Grunfeld
01:26 Q&A – What Was The Process With Massage Envy? Were You Working With A Franchise Broker?
10:36 About The Consequences Of Massage Envy's Decisions
17:32 Q&A – What Is The Responsibility Of The Regional Director?  
22:12 Q&A – What Were They Proposing In Terms Of Monthly Rent?
33:30 About Massage Envy Core Values
42:55 Q&A – Were You Contractually Obligated To Open Up A Second Location?
45:43 Concluding Thoughts

#TheFranchiseThatRuinedTheLivesOfFranchisees #FranchiseFindings

If you are looking for more information, you can connect with us through our networks:
https://www.vettedbiz.com/
https://www.linkedin.com/company/vettedbiz/
https://www.facebook.com/vettedbiz
https://www.tiktok.com/@businessandfranchiseinus

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Released:
Dec 15, 2022
Format:
Podcast episode

Titles in the series (100)

Are you looking to learn more about the world of franchising? We dive into franchise data relevant for first time franchise buyers all the way up to sophisticated investors buying whole franchise brands! Franchise industry brothers, Jack and Patrick Findaro interview franchise leaders weekly as well as provide daily franchise analyses. Leverage the data and insights from the Vetted Biz community through our podcast, live streams and website. Interested in becoming a Vetted Member? Join our community today for insights on thousands of franchise brands: https://www.vettedbiz.com/pricing/