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Brooke Franchise Co. / Brooke failed to live up to their promises!

1 United States Review updated:

Brooke Franchise sold me 2 insurance agencies which they represented had certain levels of income and certain insurance company contracts after purchasing from Brooke at an inflated price 5 of the major companies canceled their contracts thus running off 80% of the customers. Brooke's accounting practices are very inaccurate when concerning franchise's commissions and customers receipts. The management was spiteful and intimidating to me when ever I would not agree with them. Basically, all of the promises made when I joined, I feel, were broken. Please beware before buying a franchise from these people. Go check out the Yahoo message board for BXXX first.

These two issues led to me having to file bankruptcy after 5 years of being a franchisee. Upon Brooke's discovery of my quitting they promptly sued me for the $1.5 million note and then sued my new employer for torturous interference of a contract. Basically, Brooke failed to live up to their promises.

Va
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Comments

  • An
      13th of Feb, 2007
    0 Votes

    100000% true statement!!

  • Ne
      5th of Jul, 2007
    0 Votes

    Well I guess if you wanted the real story it can be found here.

    This is what I found searching around. Looking to buy my own if not here with Brooke somewhere else. So I wanted to read both sides of the story. Looks like Mr. Shannon you owed this.

    http://www.ksd.uscourts.gov/opinions/061367-31.pdf

  • Ja
      21st of Jun, 2009
    0 Votes

    Doing the research before you purchase a franchise business is very important in order to avoid scams. Franchising is not an easy way to make money and get rich, it takes a lot of hard work, dedication and commitment to succeed, would like to share this franchise opportunity which I came across -
    http://www.bizymoms.com/franchises/opportunities/gourmet-dessert-shops.html
    should be a great business opportunity as they have over 23 years experience in franchising, offers support without all the usual franchise fees.

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