Top 15 Franchise Failures

Don’t tell me you’re actually surprised by this news? Maybe a complete failure of Super Suppers coming in 2010 was a bit generous. We might have to up the timetable on that one. I don’t think they have the staying power to make it too much longer.

3.Super Suppers
At the height of the market, working families expanded their spending to include luxuries such as cleaning services, lawn services and even assemble-your-own dinner services. Super Suppers jumped on the concept and its franchise growth was exponential between 2005 (40), to 2006 (152), and 2007 (206). However, the growth stalled with no new franchise owners coming on board in 2008, and existing owners with SBA loans began failing at a quick pace – 42%, to be exact, in 2008.

Top 15 Franchise Failures

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8 Responses to “Top 15 Franchise Failures”

  • Geoffrey Donovan:

    The data is a year old and only covers those franchisees that took SBA loans (a larger percentage likely, but certainly not all). I agree SS will fail sooner or later, but I think it will last through these remaining two months. I count 68 franchises still open according to their web site.

  • Correct, this isn’t exactly new information, but if you look back at this article: http://www./wordpress/index.php/2009/02/24/defaults-by-franchisees-soar-as-the-recession-deepens/ Dream Dinners is listed prominently, but Super Suppers isn’t listed in the number 3 spot.

    They should be able to make it through the end of the year, but I wouldn’t say that’s actually due to the business savvy of the SS corp office, if there is such a thing anymore.

  • Super Suppers will certainly get their 15 minutes of fame as this same article is now prominently posted on the front page of Yahoo.

    You can jump straight to the article here:
    http://finance.yahoo.com/career-work/article/108045/top-15-franchise-failures?mod=career-selfemployment

    I’m sure businesses related to the meal prep industry will be topping the charts in 2010.

  • 'Nuff Thyme:

    How can an “industry” that has never been more than a sideshow, an asterisk, an afterthought, “top the charts” for business failure? Your hyperbole is sad in that it implies you believe the Meal Prep Industry actually had any impact. Even in its brief prime, it never represented more than tenths of a percentage point of total food sales. “Top the Charts”? Hardly. Totally ignored? More likely.

  • guest:

    I don’t think Tuckerbox thinks it had the impact that you seem to derive from the comments that were made in TB’s post. I beleive that TB sees that the only “impact” MAK’s had were negative ones on the ppl who bought a franchise.

  • I think you missed the point, but at the same time proved it correct. Meal Assembly never made an impact and the one it did make was short lived and then easily forgotten. You have to keep in mind that they’re talking about people who weren’t able to pay back their SBA loans. Not that these were big franchises or that Super Suppers had more people taking out loans, but out of those Super Supper loans, a higher percentage weren’t able to pay it back. That basically translates to more Super Supper owners went bankrupt over other types of small business owners. It proves once again that meal assembly and their franchising companies are nothing more than a flash in the pan.

    Further, I have never made the claim that meal assembly had an impact on anything. The only thing it has served to do is rob thousands of people out of tens of millions of dollars. People have lost their homes, college funds, 401k and have racked up credit card debt they will probably never pay off. I agree with you that meal prep never represented any sort of significant impact to food sales. If you think I have been saying otherwise it seems you have missed the point of the last two years.

  • 'Nuff Thyme:

    Tuckerbox, no point was missed. The truth be told, we are on the same side of the issue.
    Where I raise the alarm is in the actual syntax of the statement, “I’m sure businesses related to the meal prep industry will be topping the charts in 2010.”
    When you say, “the charts”, your use of the plural turns it from a specific, SBA-loan failure data point to a general business failure. It then becomes an exaggeration that implies this “business” was once more than it was.
    I agree that the concept brought many trusting and hopeful people to financial ruin. I agree that the perpetrators deserve justice.
    My point is that your words could be more carefully crafted.

  • Ah, I see your point. I was referring to the fact that companies like Super Suppers, Dream Dinners and meal assembly in general would be topping the charts of the biggest financial disasters and worst franchises for 2009. Meal prep businesses will be at the top of the charts for the largest number of owners who have filed for bankruptcy. It was not meant to be taken that meal assembly will see some sort of resurgence or climb out of the basement and actually make a franchise owner some money.

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