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Franchising not a fallback this recession
March 23, 2009
Boston Business Journal: Unlike previous recessions, franchising is no longer a bastion for laid-off workers seeking employment. The lack of available credit, decreasing assets and rising number of bad loans tied to franchises has made the franchise business a particularly tough prospect.
"So now you have people who don't have as much capital or net worth, so they can't invest in a business they might have been able to invest in during the last recession," said Jim Coen, executive director of the New England Franchise Association and president of the Dunkin' Donuts Independent Franchise Owners.
Still, some franchisees are finding that with good credit and a strong concept can get financing.
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