Franchise Watchdog Announces 2009 Quality Franchising Awards

Blue MauMau:

A group that provides resources and support to tens of thousands of franchisee members and their independent associations, the American Association of Franchisees and Dealers announced today the recipients and nominees to its annual Total Quality Franchising awards. The award is given to what the association considers as the top leaders of good franchise practices for the year.
aafd

The notable honorees in 2009 include Curves International as AAFD’s Franchisor of the Year and franchise attorney Morton Aronson, who will receive a Lifetime Achievement. Curves is being awarded for its efforts in supporting its independent franchisee association. The system is not without its challenges. Curves franchisees in the past were able to pay back virtually all SBA-loans given them from 2001 and 2005. But as of last year in difficult economic times, 11% of loans dispersed from 2001 until 2008 have not been paid back. It is an indication that franchisees are increasingly struggling with profitability. That now places the fitness chain roughly in the middle compared to other fitness chains and franchise sectors.

Read more.

Leave a Comment

Your email address will not be published.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