Dear VendShare Franchisees,
I hope this message finds you well. I wanted to inform you that I am currently in the process of finding buyers or renters for the vending machines. As per the clause discussed during the initial presentation, you may benefit from the potential sale of the machines, subject to the requirement that the franchisor can deduct operating expenses from the selling price.
Based on the operating expenses submitted to the Court, it is unlikely that the selling price will be sufficient to pay any franchisees. However, if any franchisee wishes to view the detailed accounts, they may make an appointment to do so. This offer applies only to those who are still a franchisee in good standing.
For those who are in dispute with the franchisor, you may still submit a statement outlining your grievances and why you wish to dispute the contract, despite its termination or resolution.
Thank you for your understanding and cooperation.
Best regards,
Raymond Ng