Franchise economics and entry costs

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Episode 779: Sam Parr ( ⁠https://x.com/theSamParr⁠ ) and Shaan Puri ( ⁠https://x.com/ShaanVP⁠ ) talk to Alex Smereczniak( https://x.com/AlexfromFranzy ) about one of the most overlooked paths to wealth creation. 

Show Notes:

(0:00) Intro

(2:21) Turning $2K into $400K revenue

(8:48) A case for franchising

(10:56) The blueprint

(16:02) How one operator opened 100 franchises

(23:43) Another Nine

(30:19) Waterloo Turf

(33:47) PopUp Bagels

(36:36) Red Flags

(41:10) Nothing Bundt Cakes, Crumbl Cookie, home services

(46:06) Garage Kings

(50:15) Senior care

(51:52) Funeral homes, crime scene clean up, pet cremation

(55:24) Red flags

(1:02:21) The Flynn Group

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Links:

• Franzy - https://franzy.com/ 

• WakeWash - https://wakewashwfu.com/ 

• Dave’s Hot Chicken - https://daveshotchicken.com/ 

• Another Nine - https://anothernine.com/ 

• Waterloo Turf - https://waterlooturf.com/ 

• PopUp Bagels - https://www.popupbagels.com/ 

• Roark Capital - https://www.roarkcapital.com/ 

• Nothing Bundt Cakes - https://www.nothingbundtcakes.com/ 

• Benjamin Franklin Plumbing - https://www.benjaminfranklinplumbing.com/ 

• Garage Kings - https://garagekings.com/ 

• Bio 1 - https://bio1sd.com/ 

• Aftermath - https://aftermath.com/ 

• Flynn Group - https://flynn.com/ 

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Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //