A string of businesses in the franchised David Reid Homes have gone to the wall lately, a move its chief has blamed on the construction downturn.
David Reid Homes Wellington went into voluntary liquidation this month leaving at least 10 houses half-built and owing contractors thousands.
That followed problems with the Manawatu, Pukekohe and Marlborough franchisees.
Ben Allen, David Reid Homes general manager, said the downturn in new-house starts had an impact on the business.
The Franklin franchise shut just before Christmas and it was going through the liquidation process, he said. About $1.7 million is thought to be owed, an amount which Allen said included loans and claims by subcontractors.
David Reid claims to be New Zealand’s largest builder of houses in the $400,000-plus category and Allen said few people were left suffering. Read on.
Dunkin Donuts – How to open a Franchise
How to open a Dunkin’ Donuts Franchise In case you hadn’t noticed, Dunkin Donuts is on fire lately. They are opening stores it seems everywhere and delivering up some of the best tasting donuts and coffee in the world. Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. […]
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Motiply Mobile App Business
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]