- Report: #75217
Complaint Review: Minuteman Press International - Farmingdale New York
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Author Not Confirmed
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Minuteman Press International
61 Executive Boulevard Farmingdale, NY11735 New York, U.S.A.
Phone:
631-249 1370
Web:
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Minuteman Press International Misrepresented potential earnings & sales figures Slough, United Kingdom Berkshire
*Consumer Comment: George Holzmacher I met him yesterday in Western Australia where he is currently selling Minuteman franchises.
*Consumer Comment: George Holzmacher I met him yesterday in Western Australia where he is currently selling Minuteman franchises.
*Consumer Comment: George Holzmacher I met him yesterday in Western Australia where he is currently selling Minuteman franchises.
I purchased a Minuteman Press Franchise in 1997. It was the worst commercial decision of my life. The business was located in the UK & sold to me by an American Executive VP called George Holzmacher.
Holzmacher made earnings & profit claims which later turned out to be untrue. The figures he gave broke turnover into thirds i.e 1/3 Fixed & operating costs, 1/3 cost of goods & 1/3 profit.
These figures were entered into my business plan with Holzmacher's full approval. The figures were grossly incorrect & the business was not commercially viable. I have subsequently closed down losing a considerable amount of money in the process.
I have also learned that Minuteman Press International have a long history of misrepresentation. The Federal Trade Commission in the US successfully prosecuted them in the US. The FTC website fully details the case. Holzmacher is a named witness & his evidence was ruled as unreliable. I have also learned that many owners in the US have lost their entire savings with a Minuteman franchise.
In the UK over 40 stores have ceased trading (almost half the store base)and a number of former store owners are seeking legal redress. These people should be stopped before other niave people lose their livlihoods.
Tony
London
United Kingdom
Holzmacher made earnings & profit claims which later turned out to be untrue. The figures he gave broke turnover into thirds i.e 1/3 Fixed & operating costs, 1/3 cost of goods & 1/3 profit.
These figures were entered into my business plan with Holzmacher's full approval. The figures were grossly incorrect & the business was not commercially viable. I have subsequently closed down losing a considerable amount of money in the process.
I have also learned that Minuteman Press International have a long history of misrepresentation. The Federal Trade Commission in the US successfully prosecuted them in the US. The FTC website fully details the case. Holzmacher is a named witness & his evidence was ruled as unreliable. I have also learned that many owners in the US have lost their entire savings with a Minuteman franchise.
In the UK over 40 stores have ceased trading (almost half the store base)and a number of former store owners are seeking legal redress. These people should be stopped before other niave people lose their livlihoods.
Tony
London
United Kingdom
3 Updates & Rebuttals
Mark
Perth,Australia,
U.S.A.
George Holzmacher I met him yesterday in Western Australia where he is currently selling Minuteman franchises.
#2Consumer Comment
Wed, June 29, 2005
I noted with interest your comments on George Holzmacher, as I met him yesterday in Western Australia where he is currently selling Minuteman franchises. I must say I did not form a positive impression of him, BUT...you say he is named in the FTC court case. Where? I did a search of the trial document on the FTC website and found no mention of his name.
Mark
Perth,Australia,
U.S.A.
George Holzmacher I met him yesterday in Western Australia where he is currently selling Minuteman franchises.
#3Consumer Comment
Wed, June 29, 2005
I noted with interest your comments on George Holzmacher, as I met him yesterday in Western Australia where he is currently selling Minuteman franchises. I must say I did not form a positive impression of him, BUT...you say he is named in the FTC court case. Where? I did a search of the trial document on the FTC website and found no mention of his name.
Mark
Perth,Australia,
U.S.A.
George Holzmacher I met him yesterday in Western Australia where he is currently selling Minuteman franchises.
#4Consumer Comment
Wed, June 29, 2005
I noted with interest your comments on George Holzmacher, as I met him yesterday in Western Australia where he is currently selling Minuteman franchises. I must say I did not form a positive impression of him, BUT...you say he is named in the FTC court case. Where? I did a search of the trial document on the FTC website and found no mention of his name.
