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  • 2 days ago
In a statement, Sharetea Australia defended its business model. Sharetea rejected suggestions it did not adequately support franchisees, saying the interests of the company "and its franchisees are aligned". It said the "vast majority" of its stores were trading profitably, and operating a franchise involved "commercial risk".
Transcript
00:00We started this business three years ago with Shetty Australia and long story short, so they have been showing us
00:10all the dream about how great their organization are and how benefited we will be by investing all my money
00:21in their business.
00:22So I invested all my life savings into this shop opening walls and village, but obviously we realized in the
00:35first year that this is geographically, it's not the suitable location for a bubble tea business, but I think all
00:43they wanted, the Shetty Australia, wherever they have a free space, they could shop in and make their money out
00:49of it.
00:50And then they forget about the franchisee who spent money in that business.
00:56So that happened with us.
00:58Yeah.
00:58So for the last three years, we lost everything.
01:02And to support our living and to do the rent and all the invoices that kept sending us, we had
01:12to find a part-time job.
01:14So every day we close here and we do a nighttime job to fill the gap and to pay the
01:22bills for Shetty Australia, which isn't fair because I'm working somewhere else to pay for them.
01:29It's not fair.
01:44It's not fair because we're living with us.
01:45You
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