Think Like an Owner
Michael Horowitz - Primer on Franchises - Ep.185
Aug 22, 2023
Michael Horowitz, who sold a roll-up of 20 Wingstop franchise locations, discusses the pros/cons of franchising, choosing a brand, debt usage, and challenges of managing multiple locations. He also shares insights on transitioning from finance to managing fast-food employees and the appeal of food franchises.
59:19
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Quick takeaways
- Proper cash management, including finding the best interest rates and exploring treasury solutions, is crucial for franchise success.
- Choosing a franchise brand with strong unit economics and growth potential, like Wingstop, can lead to lucrative opportunities for new store growth and acquisitions.
Deep dives
Franchise Roll-up Strategy
The podcast episode features Michael Horowitz, who sold a roll-up of 20 Wingstop franchise locations. They discuss his strategy and the components of an effective franchise roll-up, including the pros and cons of the franchise path, the role of debt, and the challenges and opportunities of operating multiple locations.
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