F.T.C. Public Comment 66

My husband was a McDonald's franchisee in the New York region. He had 5 stores and McDonalds did not renew his lease on the 5 stores. They did allow him to try to find a seller or a buyer. We were under contract. We found our own buyer for the stores and McDonald's refused to accept the buyer.

FTC.jpg

U.S. Federal Trade Commission
April 30, 1997

Public Comment
Joan Fiori, franchisee

Request for public comment on possible revisions to The Franchise Rule.

Comment #66

Franchise Rule Hotline

April 30, 1997

1:00 pm

Hello, my name is Joan Fiori. My husband was a McDonald's franchisee in the New York region. He had 5 stores and McDonalds did not renew his lease on the 5 stores. They did allow him to try to find a seller or a buyer. We were under contract. We found our own buyer for the stores and McDonald's refused to accept the buyer. I would like to speak to someone and discuss this further. I have documents where we went into contract. A $10,000 deposit was given by the buyer to us. Attorneys drew up the contract and McDonalds … . . There's a restraint of trade and I have documents that will prove it. I've also sent you some other documents that you do have regarding the lack of a profit and loss item, called "reinvestment." My number is (718) 835-5613 or the best number to reach me at is my New York business number, (718) 297-9595. Thank you very much.

For Review, see FTC “Table of Commenters”
http://www.ftc.gov/bcp/franchise/comments/tabcomm.htm


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Risks: F.T.C. Public Comments, United States, 1997, Resale permission unreasonably withheld, Resales as a profit center, Bad faith and unfair dealings, United States, 19970430 Comment 66

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