Amazing! People are so eager to become royalty-slaves that they fork over money for franchise fees without even doing the tiniest amount of research on their own.
This California burger chain doesn't even offer franchised locations.
Maybe more people need to read my book, Franchise Warnings?
Want to open an In-N-Out franchise? Sorry – it's still not happening, something these investors realized the hard way.California resident Craig Stevens has been accused of making more than $4 million by selling fake In-N-Out Burger franchises in the Middle East, reports the LA Times.Prosecutors say that, starting in January 2014, Stevens emailed potential investors to offer them the chance to buy bogus In-N-Out locations for about $150,000 per location, with royalties adding an additional $250,000 per year. Last June, Stevens reportedly even managed to pass off a faux In-N-Out licensing agreement via email.