A Cautionary Tale About The Franchise Biz

CNBC:

Laurie Valadez spent years in corporate finance but had always been a passionate dog owner and dreamed of starting her own dog business. For more than two years she researched various dog-oriented franchises and came away most impressed with a Denver-based company called Camp Bow Wow.

“It was so big and established and it was local,” she said. After learning more about the business, she decided the timing was right and took the first step into entering into one of the premier doggy daycare franchises.

Valadez paid the initial $50,000 franchisee fee but what ensued was what she says was a year of frustrations, financial hardship and a cautionary tale of what happens when things go awry in the franchise business.

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