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How to Build a Portfolio of 20 Franchise Locations
Published 3 years, 5 months ago
Description
Michael Horowitz was looking to buy an independent business when a different path opened up. Today he owns 20 Wingstops.
Topics in Michael’s interview:
- Pros and cons of searching within franchises
- Why Michael was attracted to QSR’s (quick service restaurants)
- Buying 7 Wingstop locations in Ohio
- Writing an operating agreement for 3 co-owners
- Development agreements with franchises
- Operating QSR’s during Covid
- Opening and closing a ghost kitchen
- Daily operations of owning 20 Wingstop locations
- Motivating hourly restaurant employees
- Michael’s advice for searchers considering QSR’s
Links and how to contact Michael:
Connect with A-players who can run your business remotely:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter