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Comment by jonlucc

After consuming a lot of media around this, reading the former store owners' lawsuit filing, and discussing with a couple lawyers in my life, I think the business is in severe trouble. The decisions they make are that of a teetering company clawing to stay afloat. For example, the former owners' lawsuit says that BAM franchising let it's business registration lapse. Between that and the many many actions that indicate they don't have any lawyers in the loop at any step, I conclude that they must not be able to pay one.

Also, and I know it isn't incredibly rare, but it stuck out to me, the store was owned by corporate before it was sold to the then-manager (who is now suing corporate) for $65k, despite saying that it costs upward of $200k to start a franchise. I couldn't make the numbers make sense, personally. Why would they sell a corporate store for 1/3 of the value?

parent jonlucc 5 months ago

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