I'm quiet ashamed of myself to have to ask people for donations that's why i decided to keep myself anonymous as i really don't want anyone around me knowing in my situation or that i'm asking for donations, so please read along my story and your help to get me out of my miserable suicidal situation is only a dream at this stage as i write this letter.
I'm a 27 years old man living in Australia who had a very wonderful life up until 3 years ago. I used to be very successful in everything i have done and was so confident with myself until i have decided to go into business and buy a franchise food outlet. As that was my first time getting in business, that franchise company did their work very well on me and i was excited of the fact that they were going to teach me about the business and get me all set and ready, which they did, however i did not know this business was going to set me broke and turn my life into hell.
I bought from them a business that was already running, and they have given me their financial numbers which looked very tempting and i did my research very well and spent weeks in the business before buying it. So i decided to buy the business which costs 250.000$ so a family member gave me half of the amount in cash and the other half i took from the bank under my family property house.
After i have bought the business everything was looking good and i was very happy that i took this step, and i went and signed up with the red cross to give them monthly donations of 50$ a month just a small way to thank god and help people out there.
The business was doing good sales i have to admit, however i was not aware of the overheads of the business that were hidden very well and this is where the franchisor has played me. for example they told me the cost of the goods should be 35-38% and even after 3 years of working i never achieved less then 45%. There are so many points such as this one where they have faked in their financials.
After the first year i started struggling and realize that all this first year i did not make any profit and this is when i started begging the company for help and always been extremely nice to them even until this day but they never did help. So i started falling behind in payments and started getting in debts day after day until i have arrived to the situation i'm at now.
I'm now in debts of about 120k and i have not been able to do my rents for months so the land owner has given me 30 days to pay him 37k which i owe them or they going to shut me down, and the bank needs me to clear 29k by the end of February or other wise they will be taking over the family property. I can not look in the eye of the family as all my loans are based on their properties and now that i have screwed up they are the ones to be affected not me and this is where im devastated. I just cannot do this to family, if that was my money i wouldn't mind losing it and live on the streets but this is my family money and if i lose that business and this money i'm for sure losing my family, even if they wouldn't mind, i cant ever look them in the eyes.
I just ran out of every solution possible and the feeling i have cannot be described, i cry myself to sleep every night like a baby, i dont know if to run away or commit suicide at times. I would really appreciate your supports to get me out of this, i seriously miss putting a smile on my face, or join my family for dinners on the table.
Donations Do not have to be only money wise, if there is a good lawyer among the readers that can help me get my money back that will be also appreciated. Because if i want to take the franchise to court i will need loads of money which offcourse i don't have a cent of it.
I appreciate your help in advance and may god bless you all, if you donate and if not.