Re: Thanks Cleanup - One More Question
I've been in this thing for about one year. If I walk away, are they going to pursue me for additional cost, legal fees, loan amounts, etc.?
They will threaten all kinds of action if you try to get any money back from them. Any loans you aquired to buy into JK are your responsibility and you will have to repay.If they suspect you are speaking to outsiders their "legal team" will put the frighteners on you ( court action to recover future lost revenue if you walk away, breech of contract etc).
Speak to a solicitor about your concerns. Did you take legal advice before you signed up ? Ask him to check your franchise agreement.
Use your Business Manager at the Bank. Are JK meeting the Business Plan they used to sell you the franchise ?
Have you indemnity insurance to protect your loan repayment in case of a business failure?
Jani King are aware of this website and will try to find you, so be very careful what you say, and ensure they cannot track you down.
I have been through the same experience as you and managed to get out, but I could not afford to pursue JK through the courts for my money.
If you care to send me a PM I will let you know how I was able to get out of the mess you also find yourself in.