Badcock & More (Furniture Stores) Complaint - Why Not To Buy Into Their Franchises Or Products
FLORIDA TO VIRGINIA & HOPEFULS BE-WARE -- After 18 yrs of service many rewards, some from state representatives etc and 30 yrs of hard credit worthiness we bought into the BADCOCK lies. Over night this Badcock company ruined us without cause in the middle of a 1.5 million dollar conversion. We bought a Badcock home furnishings center franchise. After 2 yrs into the business we where told all stores had a new renovation to take on, this is at the franchises expense. The name would also change to BADCOCK & MORE along with a whole new look and color theme. This was hard on most but we where okay as we took the store to a new height. We for the first time made this store a producer in excess of a million dollars our first year. We funded with banks the SBA ect. This company Badcock & More is bad....business. We bought our franchise for a few reasons.
My husband was faced without having a job, and 10 yrs of service with the Badcock corp, previous to this he had left Badcock for a few months and had gone to another state. We had moved looking into starting new careers. BADCOCK had a no re-hire policy as well, but had called and asked us to come back and manage this location. We managed this location for 2 more yrs. Then bought this location. As this location was closing and they had no prospective buyers. Other Badcock stores wanted to buy what is called the debt and merge this store to another as this location lost money and was a tax write off. This meant they would have lost a store yet again. The owner of the store previous to us was in fact a Badcock vice-president. We worked hard and produced income for both us and Badcock, my husband was called a sandbagger.
The inventory was and is owned by the corporation and consigned to all the stores, they pay what they call a settlement of 25 percent of the total store sales and receipts at the end of each month. Well as you can guess they didn't pay 44,000.00 to us at the end of this either. They claimed that we had shortages we asked for proof to no avail because we had none. We got a lawyer and was told to file suit for civil-theft. They have fought us all the way and still haven't done the right thing. But it just so happens they open all dealer shows with prayer. It should be PLAYER instead. Corporate lawyers won't work on a contingency basis. They new we had all our lives tied up in this business financially as it's there business plan-franchise that's bought.
Our INVENTORY was always on the low side as far as lost merchandise we had a 2.5 million dollar producer with inventory loss of 1800.00 at worst which is paid back by us the dealer. Our employees where mostly family and all had no jobs over night. Till this day they still close stores without cause (this is written).In addition to the franchise matter ruined credit, lost wages, without cause they do the same type of business to their customers. We also had what they call a dealer show twice a year at this convention dealer stores are recognized on performance levels we were in the top 10 stores 4 times and just four days before they stole our franchise we won yet another prize of a 61" color TV.
In 2000 we beat out 350 stores in a harley davidson contest and won 10,000 or a bike. Notice at that time there was 350 now down to approx 320.As you can guess they didn't give this up either, we called small claims court and got a TV not the right one of coarse. We could go on and on the bottom line is they lie, steal, laugh and profit on the misery of dealers and the consumers. After 30 years of MARRIAGE, 18 YEARS WITH BADCOCK, A MILLION. 5 BANKRUPTCY WE HOPE TO BE HEARD.
P.S. We have been told to recoup any monies from this we have to go to arbitration we need help and a GREAT LAWYER. We are seeking 2.8 million for our losses. DON'T BUY A Badcock & More franchise ever ever ever.......
P.S.S Badcock will treat you right That's the slogan they use but they forget to tell you that's only till the ink dries on your check. TO FIND OUT MORE PLEASE REPLY, LOT'S MORE TO THE STORY WITH ALL THE PROOF.