Ray Russell’s ‘Fresh Slice’ and its Potential Impact on Franchisees

Imagine you had just invested your life savings into a Fresh Slice Pizza Franchise location when you read the headline in your local rag “FreshSlice Pizza owner had affair with employee before she was fired, judge rules”.  Chances are you won’t be feeling a lot better than Ray or his family.

Some people might argue that those kind of stories are not important and that they don’t affect the business.

Those people are wrong.

The first question I’d ask is ‘Did Mr. Russell have a prenuptual in place?”  If not, the ownership structure of their chain might quickly change.

The second question I’d ask is ‘If this is how Mr. Russell conducts himself in his personal moral life, might he also compromise on business ethics issues –  like how he deals with looking out for his Franchisees’ best interests.”

Everything just became very shaky, and a gambling man might make a wager that the FreshSlice stock, if traded on the exchange, just lost a few percentage points.

 

 

Yet Another Prestigious Blenz Closes: Pacific Centre on Granville

Blenz Investor Alert: Danger!

Blenz Pacific Centre Shuts its doors

Blenz Pacific Centre Shuts its doors

If you were considering investing in the once powerful and quickly growing Blenz Coffee, and you noticed that they were losing prestigious retail location after prestigious location every few months, you might be wise to do a little extra research.

Blenz loses location to another clothing retailer

Blenz loses location to another clothing retailer

The sudden closure of the Blenz Coffee at Pacific Centre this week is just one of now many in a string of closures over the last 24 months.

You can read all about the different closures here:

Blenz Coffee Bayswater

Blenz Coffee Burrard and Robson

Blenz Coffee St. Paul’s Hospital: It was owned by a Franchisee, then by the Burrard Hotel, then suddenly all signs of Blenz disappeared and they now sell JJ Bean)

Blenz Coffee Cambie @ 17th

Blenz Coffee Hastings @ Howe

But it doesn’t end there.

Another red flag that started waving a few months ago that should have raised a few eyebrows was the sudden and quiet sell off of what was previously their pride and joy: the Library Square Corporate Training Centre where they hosted public events and tried out innovative drink ideas.  Within a flash it had been halved in size and sold off to a fresh new ‘franchise partner’.

Another even more devastating blow to the brand are the growing number of lawsuits against the former Vancouver coffee powerhouse including one filed by a small group of franchisees and another by a previous head office employee.

Will Blenz Coffee be able to pull out of the obvious tailspin?  Will Mark West, be able to save the day?

Stay tuned for more news on Blenz Coffee and other coffee related news.