Beware Of Franchise Scams!

Business Mirror:

MS. Bella Guerrero of Marikina City was ecstatic in starting her own food-cart business.

Working abroad for several years to save money and own an enterprise is every Filipino’s dream. She has made agreements with Fran.Con Franchise Marketing and Consultancy Inc. in February 2009 for three food carts, and has paid more than P600,000 to operate franchises of Stik Yosi, Suzuki Son and Chiking Corner. But more than a year has passed and she has not received the required equipment and supplies to fully operate the carts, which prevented her to acquire the projected profits of P20,000 a month.

Ms. Ceres Tenorio of San Francisco del Monte, Quezon City, also bought franchises of Super Twins, RRR Rice in a Box Station and Flavored Noodles Hongkong Style, and Sha Sha Shawarma from Fran.Con Franchise Marketing and Consultancy Inc. in January 2009. She paid a total of P770,160 but, like Ms. Bella, she has not fully operated these carts. She was given a run-around by Fran.Con when she made follow-up calls and visits to them.

Ms. Asucena Estan, a plain housewife of Cavite City, made a P75,000 deal with Hamoraon Business Specialist Inc. for a food cart in February 2010, but has not received the promised cart and supplies necessary for her to start her business. Read full article.

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