One thing I would like to know... and it is pure speculation. Is there anyway of figuring out whether HVN has guaranteed debt of franchisees? I remember reading an AR a few years ago and coming across a line like this, but haven't seen it since...
Agree with much of what you say Mike. heavy investment in stores and I don't think there are nay customers who "love" HVN stores the same way that people have an affinity with apple... to me that indicates they cant charge above market prices... yet they have higher than market levels of overhead.
Reminds me of the old Brashs.
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