Generation Next Franchise Brands Inc. (fka VEND)

[Officiousintermeddle]

Losing almost 30% of your franchisees in a single quarter?

I think that's a metric that matters. And it makes sense that VEND is suspending or reducing royalty payments in an effort to hang on to more of its disgruntled horde of franchisees.

Something tells me that these folks were not enjoying sales of 167 serves on a Saturday.

I'd love to know what the average/median/normal distribution of sales/kiosk/day might be, but the transparent folks at VEND don't seem interested in sharing that info. Sooner or later, the franchise disclosure document will have to list it instead of continuing to rely upon those heady early days when only 3 kiosks were out there in super-premium locations. I'm surprised that the state regulators have permitted VEND to go this long without updating its franchisees' performance information.

Any prospective franchisee who can do eighth grade math will be able to see for himself whether it's a good idea to fork over $58,000 per kiosk.