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Minuteman Press International |
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Thomas of Thibodaux LA writes (1/29/03):
In the franchise agreement I was told they would provide full marketing and training support. Jim R. would personally be in my shop for an entire month after opening, assuring a smooth opening and correcting any problems. Surprise! Jim R. never once visited my shop after I signed the franchise agreement. Minuteman sent a Marketing Rep and Tech. to my shop and they stayed one week!! Training of a press operator consisted of 2 days running one color (black) runs. with no real support, the Marketing rep accompanied me on sales (cold calls) for 3 days. During this time he did not make any sales presentations, all he would do is drop off a flyer, and gave no assistance in marketing as far as businesses to target, all he would say was like a quote from Jim R. while driving around Houma, "that will be an "A" client " pointing at businesses as we drove past. All of these "A" clients turned out to be no clients, all either were corporations that have all printing done by there corporate office or do it themselves in house on a desktop computer. We later found our equipment was not correct for our market. When we started to complain about the lack of marketing support after about 3 months, they decided to send a marketing team to Houma to help me. This consisted of the original two associates, Mick the sales/marketing guy and Dale the tech. all they did was go business to business handing out flyers, at that time they picked up business cards laying out, or a brochure or pamphlet or they would ask for a letterhead and envelope from the receptionist, they then brought back over a three day period about 150 items they said we needed to make a quote on and return to the location; what we didn't know they never asked anyone if they wanted us to quote on any printing jobs, so when we began returning to the locations, we were told everything from, they don't do any printing locally, or they never spoke to either Mick or Dale. I was so upset I called Minuteman Press International, and spoke to Roy Titus himself, only after being stalled for about 2 or 3 days. I then told Minuteman Press to find a buyer for my shop. I wanted to sell. Well after about a month or so, i got a call from Jim R. stating they had a buyer for my shop. I was told to hang in there, again pouring more money into the business, again I was in constant contact with Jim R. a couple times a week everything was on schedule, etc. Two months go by, no buyer yet, come to find out there was no buyer, I was told that by Mick, he said I was told that so I would be encouragedd to work harder. Needless to say the financial resources ran out. We closed the shop 01/2000. Newcourt Financial sold the equipment 03/2000 at auction, to a buyer that Minuteman Press International provided, equipment with a value of more than $100,000 was sold I believe for $15,000. Damage: The loss of a 20 year job, about $75,000 in cash, our home was secured by the business loan, Newcourt refused to allow a mortgage to be take to pay off the loan. My home was sold at auction -- appraised value about $165,000, at auction went for $104,000. We filed for bankruptcy protection 09/2002. I believe the total economic loss is about $250,000. My wife suffers from depression and is on medication. I am certain I had a nervous breakdown without the benefit of medical intervention. |
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