Making It with Jon Davids
182 - These Guys Were Flipping Burgers and Now They Do $1B in Sales
Apr 1, 2025
Two friends turned a humble Burger King venture into a billion-dollar success story. They share their journey from facing rejection to triumph and emphasize the importance of revitalizing struggling businesses. Their focus on community-driven micro private equity showcases innovative growth strategies. Get inspired by their determination and problem-solving skills that led them from flipping burgers to leading a thriving enterprise.
10:54
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Quick takeaways
- Matt Perlman and Alex Stone successfully transformed struggling Burger King franchises through hands-on management and operational improvements, leading to a $238 million sale.
- Their entrepreneurial journey exemplifies the importance of problem-solving and adaptability in seizing opportunities within challenging business environments, resulting in over $1B in sales.
Deep dives
From Fast Food to Fortune
Matt Perlman and Alex Stone transitioned from private equity to entrepreneurship by seizing an opportunity to purchase struggling Burger King franchises. They bought these locations at a low price from an owner looking to exit due to operational challenges, including costly required renovations. Immersing themselves in the business, they honed their understanding of daily operations while taking a hands-on approach to improve everything from employee management to food costs. Their efforts quickly led to success, enabling them to expand their portfolio rapidly and ultimately sell their Burger King holdings for $238 million.
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