Many Maine residents have found both a profitable living and vibrant job creation for their region via franchised businesses. Others have been less fortunate – facing financial ruin from a franchise model that did not work or a franchisor that didn’t care. Franchise failure often leads to financial ruin, loss of home and even, due to stress, end of marriage or even suicide.
The Maine Franchise Owners Association (MFOA) is dedicated to seeking better protection and identifying best practices for franchise owners in the state. MFOA seeks your anecdotes of Maine franchise trouble, and failure.
The Maine Franchise Owners Association (MFOA) with offices on 415 Congress Street, Portland, ME, includes franchise owners and sponsors throughout the State of Maine. Franchise members are affiliated with various brands and in many different industries – from fast foods to professional services.
“Franchise failure is often devastating to both the franchise owner, employees and the communities they serve,” noted Jim Coen, Executive Director of Maine Franchise Owners Association. He added, “The Maine Franchise Owners Association seeks to improve conditions that lead to franchise success. By hearing the painful, personal stories from those who have experienced frustration and failure, we can help create better conditions and greater chances for future success and job creation.”
To share a personal story of franchise failure, call Jim Coen at (207) 274-2046, visit MaineFranchiseOwners.org, or email Jim@MaineFranchiseOwners.org.