I entered into a franchise agreement with Inches Aweigh in 1998. During various conversations I was presented with information about "more than 200 successful franchisees making high six-figure incomes after only a few months in business". During the training and orientation in Birmingham I discovered that of the more than 200 franchises sold more than half had failed, 60 were on the verge of failure, 27 were barely breaking even, and the remainder were making a small profit.
My investment exceeded $70,000.00. I decided not to proceed and tried to negotiate a partial refund with no success. Scott Simcik, the owner, did not appear at mandated mediation hearings until my attorney forced the issue.
When he did attend he pleaded ignorance, said he couldn't find documents, claimed he was nearly bankrupt, etc. Simcik eventually agreed to a settlement that was never paid.
Mike
las vegas, Nevada
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