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When FranchisePick.com asked IS PLAY N TRADE A GREAT FRANCHISE OPPORTUNITY?, we got an earful… and 100+ comments.
According to Unhappy Franchisee, the California Department of Corporations has issued their opinion of the video game retail franchisor Play N Trade, and it ain’t good.
In fact, California is revoked the unit registration, denied the master franchise registration renewal and is recommending heavy fines and penalties for alleged deceptive practices and violations of CA franchise law.
Play N Trade Franchise, Inc. has 60 days to respond to the complaint.
Read the legal document and penalties here: PLAY N TRADE: CA Revokes PnT Franchise Registration
WHAT DO YOU THINK? SHARE A COMMENT BELOW.
Graphic: FranBest Franchise Information
PLAY N TRADE: Franchisee Shares Secrets of Success; Blasts “Whiners”
PLAY N TRADE: CA Revokes PnT Franchise Registration
779 days ago
[...] When writer Sean Kelly posted the question IS PLAY N TRADE A GREAT FRANCHISE OPPORTUNITY? on the blog formerly known as FranchisePick, the 130 responses were predominantly negative. More than 300 comments, mostly negative, have been posted on this site. Allegations of fraud, franchise disclosure violations and a hopelessly flawed business model have been posted on numerous sites, especially when the California Department of Corporations suspended Play N Trade’s registration in its state ( see PLAY N TRADE Franchise Registration Revoked) [...]
975 days ago
[...] PLAY N TRADE Franchise Registration Revoked April 23, 2009 [...]
975 days ago
[...] PLAY N TRADE Franchise Registration Revoked : Franchise Pick – Picking the Perfect Franchise on April 23rd, 2009 11:46 am[...] Read the legal document and penalties here: PLAY N TRADE: CA Revokes PnT Franchise Registration [...] [...]
Be sure to check out: PLAY N TRADE Forum Gets Spammed N Slammed
Also, the article links at:
PLAY N TRADE: Overview & Links
I have been in many stores in several states and its the same thing everywhere I go. Some poor owner who is hundreds of thousands of dollar in debt, working their tails off, and barely breaking even.
Dont any of you guys get it. This company is a total sham. Just look at all the shady stuff they have done in the past. Why would anyone trust them?
1057 days ago
[...] thing I’ll tell you about Play N Trade is it’s a young growth business growing very, very rapidly… As we move forward in 2009 [...]
what happened to all the play n trade stuff
1075 days ago
[...] Sales Video May 18, 2009 PLAY N TRADE: Execs Respond to Blog Critics May 4, 2009 (10+ comments) PLAY N TRADE Franchise Registration Revoked April 23, 2009 PLAY N TRADE: Franchisee Shares Secrets of Success; Blasts “Whiners” [...]
1102 days ago
[...] PLAY N TRADE Franchise Registration Revoked [...]
Everyone should read the Play and Trade Thread on UNHAPPY FRANCHISEE, a Sean Kelly website for a demonstration of ANOTHER top pick by Entrepreneur who has run into trouble in the State of California, and elsewhere?
Comment moved here: Carol Cross