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The Appeal of Franchise Buying: $1m EBITDA in 2 Years
Published 2 years ago
Description
Register for the webinars:
- Legal Office Hours (Deal Structure & Its Tax Implications) - Thu Sept 26 - https://bit.ly/4grubvD
- How to Hire an Operator to Replace Yourself - Fri Sept 27 - https://bit.ly/3zgUbJr
Corey Robinson bought 4 locations in the legacy franchise Batteries Plus. He quickly bought 8 more, growing to $10m/yr.
Topics in Corey interview:
- Leaving the security of his corporate job
- What he likes about Batteries Plus
- Buying an expansion location for $100k cash
- Changing the culture at one location
- Remotely managing Texan teams from Iowa
- An HVAC acquisition that went poorly
- What he learned about making big changes
- Operating an independent business compared to a franchise
- The toll it took to spread himself over multiple industries
- His current role as an investor in small business acquisitions
References and how to contact Corey:
- Webinar cited in the intro: How (and Why) to Choose a Franchise as an Acquisition Entrepreneur
- Batteries Plus
- Brian Beers Acquiring Minds interview
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
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