Franchisees of Dickey's Barbecue Pit in Long Island, NY, report dissatisfaction over misleading promises of profitability, leading to significant financial distress. Scott Raifer detailed his experience of accruing $500,000 in debt and facing foreclosure after his location closed within two years of opening. He expressed feeling misled about the partnership with the parent company. Jerry Stephan also faced issues, as agreements for additional stores fell through after his initial investment of $20,000. Both franchisees highlighted a disconnect between their expectations and the company's practices.
Several franchisees in and around Long Island, NY are expressing their displeasure with Dickey's Barbecue Pit after they say they were misled and promised profits that never arrived.
Scott Raifer, who bought a Dickey's franchise, is now $500,000 in debt and faces foreclosure on his home after his location closed in 2022.
Raifer stated, 'I was under the incorrect assumption that we were in business together - if I did well, they did well,' highlighting the disconnect with the parent company.
Jerry Stephan, another franchisee, mentioned paying $20,000 to open his location but that Dickey's backed out of agreements for additional stores without explanation.
#franchisee-issues #dickeys-barbecue-pit #investment-risks #financial-distress #franchise-misrepresentation
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