This is to warn all Consumers and future Franchisees please do not do business with Allied Systems before reviewing the following report or searching for Allied System Industries on http://www.ripoffreport.com.
Allied System Industries business practices are fraudulent and misleading, meant to fleece the unsuspecting entrepreneur of their hard earned money.
I'll get to the point and try to keep this short. I have all the documents available to anyone whoever is interested in seeing them. September 2007 I contacted Allied Systems Industries (ASI) located in Las Vegas to start a dollar store in Fort Mill, SC. Over the course of couple months I spoke with Scott Abott (Marketing Manager), Edward Teitel (Marketing Managers), Adam Scott (Markeking Associate), John George (V.P. of Real Estate). We discussed the fact that how my area was booming and our desires to start a business in would be very beneficial to me. In the beginning all of these guys were very helpful with information, ideas, etc. We (I and my wife) met with these people during a business trip on the first week of November in Las Vegas.
We deposited $15,000.00 and signed the contract on Nov. 5, 2007. We found a location that we like and started the ASI financing part. Sometime in the first week of January 2008 Tony Scott (Merchandise Manager, ASI) called to inform me that my SBA loan has been rejected. I was never mailed a paper for the reasons it was rejected. However I did not give up and contacted my bank (BoA) to get SBA loan. After few weeks of working with their loan specialist through their SBA branch, I was advised not to work with ASI and rejected because of poor financial rating of ASI. I have the documents to prove this.
That was the end of doing business with Allied System Industries. I called Tony Scott and Adam Scott that I like to get my deposit back. I was told that just write a letter and they will return my money back. The letter was sent via email and by Fedex (ASI received the document on 4/15/2008).
I received a letter on April 30th, 2008 from Fred Spindel, President and Owner of the Allied Systems Industries. Here is an abstract in his words "Due to high volume of refunds that we are experiencing at this time..." Basically now I understand why my bank refused to finance because of business association with ASI and its poor finances and fraudulent practices. His whole letter is nothing but asking me to sign another agreement to refrain and forebear forever from commencing any legal action against ASI before they will make a partial refund over a period of time in small amounts.
I seems that their business is designed to take unsuspecting entrepreneur their hard earned money anywhere from $3,000.00 to $15,000.00.
In short Allied System Industries is a fraud that takes money by fraudulent means.
Fort Mill, South Carolina