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Hard Times for Retail Franchisees

January 22, 2009

Analysis of:Franchisees May Shut 10,000 Sites in 2009, Group Says | www.bloomberg.com

The franchise ode of being in business for yourself but not by yourself is being tested in today's economy. With an estimated 10,000 franchise locations closing in 2009, it's more than the loss of business for the franchise owners it is a family tragedy. Many franchise owners leveraged their 401K plan, used a home equity loan, or otherwise bet a large portion of their net worth on buying a franchise in the last decade and their estate value, in many cases, has been drained. The franchise industry has made many claims of success, but few franchisers have the infrastructure to assist their failing franchisees.

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