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Small businesses ripped off in the London Olympics - 8/9/2012 7:55:08 AM   
stellauk


Posts: 1360
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quote:



Like everyone I know, I couldn't wait for the Olympics to arrive. It's a real chance for East London, where I've lived all my life, to show the world what a great place it is. So when I was offered the chance to be part of it by having a food and drink stall close to the stadium, I jumped at it.

More than 30 of us - all small business people from the local area - have paid an average of £25,000 for our stalls. We were told by North London Business -- who sold us the pitches -- that there would be around 80,000 people walking past our stalls every day as it would be a main route for spectators walking to the Olympic Park.


Instead of what we were promised, spectators were being directed a different way and only a handful of people walked past. I took £110 in the first three days - myself and all the other stall holders have been forced to shut up shop.

Many have borrowed the money and refused other jobs as we were focusing on this opportunity. Now, some of us are on the verge of ruin - days have passed and we've sold nothing, even having to throw away good food.

I know that this was a business deal, and like anything, it comes with some risk. But what we were sold and what we actually got were totally different -- just guesswork and empty promises that lead to us investing in something that wasn't real.

I have had my catering business for thirty years. I have built up respect and loyalty for it and it has provided for my family. Now it is under threat because I believe we were lied to.



I feel somewhat vindicated as I've ignored the Olympics totally just as I ignored the Diamond Jubilee celebrations. I refuse to take part in anything created by a system which exploits people and rips them off.

I welcome your thoughts and comments and also ask that you join me in signing this petition.

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RE: Small businesses ripped off in the London Olympics - 8/9/2012 8:36:30 AM   
LadyConstanze


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Joined: 2/18/2005
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I ignored the Olympics and the Jubilee, just couldn't really see the point...

As for the the small businesses, I sympathize but to be honest, if I am investing THAT much for a stall (£25K is a substantial amount of money), I have the guarantee that 80,000 are walking that route in writing, not somebody telling me, that's a very bad business choice.

On the other hand, if all those small businesses who paid that amount of money for a stall were told that lie, they need to get together and they have a case then against North London Business, because they were sold the licenses under false premisses.

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(in reply to stellauk)
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RE: Small businesses ripped off in the London Olympics - 8/9/2012 12:07:53 PM   
kalikshama


Posts: 14805
Joined: 8/8/2010
Status: offline
One of the comments:

quote:

I live near there, and know that there is NEVER any footfall on that road, and no signage. Even the volunteers don't walk to the games that way, so it was a complete con.


I signed the petition.

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RE: Small businesses ripped off in the London Olympics - 8/9/2012 7:22:24 PM   
LizDeluxe


Posts: 687
Joined: 10/2/2011
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It appears that the chief executive of NLB has resigned.

I don't mean to sound unsympathetic to the small business owners in question - I am not - but this sort activity happens at every single Olympics. The venue is different but the stories are the same. We never learn, it seems. If you have the money to spare if it is lost then roll the dice and take the chance. Don't bet the nest egg. I hope this can be resolved and the business owners can be offered refunds.

(in reply to stellauk)
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