David Reid Homes

Home investors, contractors and franchisees appear to be suffering in great numbers while David Reid Homes expands its operation. This seems to be just another franchise catastrophe that governments can and do ignore.

http://bluemaumau.org
August 27, 2009

David Reid Homes
Ray Borradale

I’ve been approached by a large group of David Reid Homes franchisees that allege the system is a disaster here in Australia as the franchisor expands into the US market. David Reid Homes Crumble

There seems to be no argument that the homes themselves are a brilliant product. But the Return On Investment appears to be a joke and the promised support is said to be non-existent. As you can imagine this is not a low cost entry franchise and my contacts to date would have to be considered to be astute business investors. The information already received suggests that the glitter of franchising a great product was confused with making money? David Reid Homes Disaster

David Reid Homes has built a reputation that has earned building awards across the UK, New Zealand and Australia. However; reports of growing numbers of David Reid franchise collapses are not difficult to find.

One of the offshoots to franchise collapse in the building industry is that the poor little folk sub-contractors always get screwed. Builder Goes Bust

David Reid Homes is now looking for a new agent to operate its Hervey Bay business.

Donamic Enterprises director Mick Picton says the company went into voluntary administration because of a lack of support from David Reid Homes. Subbies Fuming

David Reid Homes franchise collapses and those on the verge are not limited to Queensland or Australia for that matter with research turning up similar disasters as far afield as New Zealand. South Auckland Franchise Collapses

Home investors, contractors and franchisees appear to be suffering in great numbers while David Reid Homes expands its operation. This seems to be just another franchise catastrophe that governments can and do ignore.

http://bluemaumau.org/david_reid_homes


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Risks: Ray Borradale, Bankruptcy, Excuse du jour, Externalities: cheap business decision when someone else pays, Fell in love with the concept as a consumer, bought the franchise, Government as system’s ultimate liar, No franchisor support, Sincerity, Termination of franchisee, single, Franchisee revolt, Australia, 20090827 David Reid

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