(FranchisePick.Com)
“i say to whiners this - Failiers blame
the winners and winners quastion winners.
to be fair i am a franchisee of noble roman’s.”
- sal mohd
Over at Goode Value Investing Blog, stock blogger Michael Goode criticized franchisor Noble Roman’s Paul Mobley for 1) whining publicly about having crappy franchisees, and 2) having crappy franchisees. But it was Michael Goode who looked foolish in the end, as franchisee made Goode’s point twice as convincingly in 1/8th of the words.
Goode slammed the Paul Mobley comments quoted in an article with Daniel Lee of the Indianapolis Star:
In describing the company’s expansion troubles, [Mobley] placed blame for failed franchises fully on the franchisees, claiming that “Some of the franchises we sold didn’t have very much business or being-your-own-boss experience.” His comments make it seem like he was surprised. He should not be surprised: what does he expect when Noble Roman’s has such low requirements for franchisees? People who probably shouldn’t be franchisees (or who would need lots of help and training to succeed) choose Noble Roman’s over other franchisers solely because its fees are lower. Noble Roman’s then fails to provide proper support and training and the franchisees fail.
Where have I heard that, lately? Was it Mark Golob of Butterfly Life? Or Ken Sully of iSold It? Or was it Cold Stone Creamery’s CEO Doug Ducey, right after the brilliant acquisition of Cereality cereal franchise and right before his sudden resignation? Anyway, Goode continued:
With about 1,000 franchisees, one would think that Noble Roman’s has some idea how to select and train franchisees. It is incredibly easy to select only experienced and well-financed franchisees… if Noble Roman’s were to be more selective and were to take the time to train its franchisees, it would not be quite so exciting as a “growth” company. Of course, to anyone who has looked at the company’s financial statements and seen how 24% of the company’s royalties are from one-time initial franchise or area developer fees, it is obvious that Noble Roman’s is not a growth company (number from the most recent 10Q).
Who would come to the rescue of the noblest of all pizza franchises based in Indiana? Comment-leaver Saul Mohd, that’s who!
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sal mohd said,
December 19, 2007 at 9:29 pm
As for your article about noble roman’s ; the fact that an executive admits a
mistake about a bad jugement is something to be commanded for.(is not scapegoat).
the failier of any business most of the time is because of prduct ,service or management and i think most restautants(in any company) fail or they go bad is mainly because of management. i say to whiners this - Failiers blame
the winners and winners quastion winners.
to be fair i am a franchisee of noble roman’s.
How can you argue with that?
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