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Buying Franchises: A Primer for Searchers
Published 3 years, 8 months ago
Description
Twitter-famous Wolf of Franchises on why & how you should buy existing franchise businesses, including lots of examples.
Themes from the conversation with Wolf:
- Pros/cons of acquiring an existing franchise business
- Why buy 1 franchise business (even if SDE is just $100k)
- Opportunity & perils of rolling up franchises
- If you can grow from 1 to 2 locations, magic
- How to assess health of a franchise brand
- Breaking into mature franchises as an acquisition entrepreneur
- 4 mature franchise brands Wolf likes (plus 1 he hates)
- Why to avoid food franchises
- How to gauge risk of new franchise brands
- Avoid these 2 common mistakes made by franchisees
Links & how to reach the Wolf:
- How a $40k Acquisition Led to a Franchise Empire - interview with James Temple, multi-unit Mathnasium owner
- Michael Horowitz (Wingstop multi-unit owner)
- Brian Beers (Midas multi-unit owner)
- Lucas Mitchell (Five Guys multi-unit owner)
- Wisconsin's franchise disclosure document (FDD) search
- @franchisewolf
- WolfOfFranchises.com
Get complimentary due diligence on your acquisition's insurance & benefits program:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter