October 28, 2002
Screaming about ice cream franchises

Disgruntled Marble Slab Creamery franchisees are suing the company over claims of misleading business plans. I wouldn't have bothered blogging this except for the following quote:

But [Hal] Cook and other former Marble Slab franchisees said the often-crowded stores come with some bitter financial realities.

The franchisees say they lost millions on their investments because they depended on inaccurate projections of potential revenues and expenses provided by the corporation, based on its labor and operating costs at the corporate store at 10001 Westheimer.

"Financially, it destroyed us. They need to supply true figures. They are the Enron of ice cream," Cook said.

Enron has changed our lives in so many ways, hasn't it?

Posted by Charles Kuffner on October 28, 2002 to Bidness | TrackBack