SO MANY FAILED & FAILING BUSINESSES
http://www.jimpenmanthetruth3.com/page3.php
Jims Group Division Record [i]
18 failures out of 52, and no doubt more to come.
A 35% failure rate- definitely not a record to be proud of, and flies in the face of media statements made by Penman regarding failures.
· Alarms 2000 2005
· Appliances 2001 2008
· Concreting 2003 2005
· Driving School 2000 2007
· Earthworks 2004 2005
· Garden Kerbing 2003 2005
· Graffiti Solution 2007 2008
· Health E Air 2003 2008
· Irrigation 2002 2006
· Mobile BBQ 1999 2005
· Mobile Hairdressing 2003 2005
· Mobile Mechanics 1999 - 2000
· Pergolas 2003 2012
· Pool Care Retail 2003 2009
· Preggi Bellies 2002 2004
· Sand Soil Gravel 2001 2002
· Wardrobes 1999 2006
· Windscreens 2005 - 2012
Plus other short lived divisions which have not been included in the Disclosure: Barterbanc, Dingoes, Pet Enclosures, Locksmiths, Removals, Pest Control, Beach House, Balloons, Roller shutters and Bath Resurfacing.
Some of which you will no doubt will see revisited for a second go in 2013.
A true failure rate of a staggering 45%
CAVEAT EMPTOR
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[i]Source: Jimileaks Jims Group Disclosure Document Oct 2012
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In the last 10 years well over 3500 franchisees have left the Mowing division alone (an attrition rate of well over 100%).
WHY?
Mowing franchisees stay on average for only 4.5 years.
WHY?
Only 6 Divisions are showing any real growth.
WHY?
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It is always the best policy to tell the truth, unless of course you are an exceptionally good liar.
Jerome K. Jerome