What's a Franchise and How Do You Buy One? A Conversation with "Franchise King" Lance Graulich

Have you ever sat inside a Starbucks, Chick-fil-A, or McDonalds wondering how you could own one? This week we sat down with Lance Graulich, known in the industry as the "King of Franchising" to unpack the fascinating world of business franchises. Throughout the episode Lance took us through the process of what it takes to own a franchise and opened our eyes to many new categories we didn't even know existed in the franchise world.

As the CEO of ION Franchising, an industry-leading franchise consulting and development group, he and his team represent over 800 franchise brands. Lance has helped over 1,000 people go from “Wanna be” entrepreneurs to franchise owners and has a passion for making people's dreams of owning a franchise possible. One of his proudest accomplishments is assisting the TGI Fridays franchise grow to $225,000,000+ in revenue.

Lastly, Lance is also the host of the Eye on Franchising Podcast, which has 300+ 5-star reviews and ranks in the top1.5% of all podcasts globally. This is an excellence resource if you are looking to learn more.

If you are interested in purchasing a franchise and would like a personal introduction to Lance, drop us a DM on Instagram and we'll make sure you get connected!

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Previous Guests on The Weekly Juice Podcast include: 

Brandon Turner, Tarek El-Moussa, David Greene, Tony J. Robinson, Mike Ayala, Jamie Gruber, Robert Croak, Mark Simpson, Chad “Coach” Carson, Heather Blankenship, Tim Bratz, J. Scott, Matt Faircloth, Michael Elefante, Devon Kennard, Paula Pant, Jake Harris, and Avery Carl

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This episode is brought to you by RentRedi. We get asked all the time how we manage our real estate portfolio while still having W2 jobs. Our secret is RentRedi. This all-inclusive property management software can do it all. It helps us with rent collection, accounting, tenant screening, maintenance requests, marketing, tenant communication and much more. To get more of your time back and streamline your rental portfolio with RentRedi, make sure to use promo code “WEEKLYJUICE” to receive 50% off any plan. 

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Disclaimer: The information provided in this podcast is for informational purposes only and should not be considered as financial advice. The content of this podcast is based on the personal opinions and experiences of the speakers, and it is important to do your own research and seek professional advice before making any financial decisions. Investing in financial markets involves risk, and you should be aware of the potential for loss. Always consult with a qualified financial advisor or professional before making any investment decisions. Remember, the opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the views of any organizations they are affiliated with.

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If you enjoy the show, please leave us a 5-Star review on Apple Podcasts or Spotify! It takes less than a minute and great reviews make a huge difference in helping us land high profile guests to best serve our audience. 

Previous Guests Include:

Brandon Turner, Tarek El Moussa, Henry Washington, Rich Somers, Mikey Taylor, Tom Wheelright, David Greene, Tony J. Robinson, Robert Croak, Chad “Coach” Carson, Brett Hundley, Devon Kennard and Marques Colston.

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Disclaimer: The information provided on this podcast is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up to date. Financial markets and investments carry inherent risks. Individuals should conduct their own research and seek certified professional advice before making any financial decisions. The links in the episode descriptions may include referral or affiliate commissions, and we may receive compensation from partner websites.