Atlanta Bread Company Franchisees Among Worst-Performing SBA Borrowers

Atlanta Journal Constitution:

A dozen years ago, Atlanta Bread Co. was among the nation’s fastest-growing franchises, with plans to double its stores almost as fast as you can munch one of its ABC Special sandwiches.

By 2004, the Smyrna-based deli and bakery chain had tripled in size, to 164 shops spanning much of the nation.

Since then, however, Atlanta Bread has been in retreat. More than half its stores have closed, leaving 74 in 20 states.

Likewise, half of the 66 U.S. Small Business Administration-backed loans made to Atlanta Bread franchisees since 2001 have failed, according to a 2011 study by Blue MauMau, an online publication that tracks the franchise industry. The loans totaled $32.8 million, with the federal government losing $5 million.

Read more.

Featured Opportunities

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *