Seven present and former franchisees of “Any Lab Test Now,†a walk-in lab facility franchise owned by Atlanta-based Any Test Franchising, have sued David Lageschulte, the founder and owner of the franchise, in Miami Circuit Court for unfair trade practices in the sale of their franchises. They seek over $10 million for fraudulent conduct in the sale of the franchise. Lageschulte, reportedly a billionaire, is the owner of LTP Management and numerous franchised restaurants.
“They started their sales presentation with an endorsement from Lags,†said Jason Baumann, one of the plaintiffs, referring to Lageschulte’s nickname. “He said that franchising was the way to get rich.†Exhibits to the complaint show Lageschulte’s quote, surrounded by logos from prominent franchisors such as Hooters, Ugly Tuna, and Dan Marino’s. Read more.