Acquiring Minds The Appeal of Franchise Buying: $1m EBITDA in 2 Years
11 snips
Sep 23, 2024 
Corey Robinson, owner of 12 Batteries Plus locations and an HVAC entrepreneur, shares his impressive journey from corporate employee to franchise owner. He reveals the thrill of rapidly expanding his franchise from 4 to 14 locations, the challenge of managing teams remotely, and the lessons learned from a tough HVAC acquisition. Corey discusses the advantages of franchising versus independent businesses, the strategies behind successful acquisitions, and the importance of maintaining company culture across multiple sites. His insights are both inspiring and instructional for aspiring entrepreneurs.
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From Real Estate to Franchises
- Corey Robinson, a real estate investor with 140 properties, sought higher cash flow.
- He transitioned to business acquisition, buying four Batteries Plus locations, later expanding to 12.
Target Franchises
- Refine your buy box and target franchises for a smoother transition into business ownership.
- Franchises offer support and established systems, unlike independent businesses.
Corporate Skills Transfer
- Corporate leadership skills like strategy and development translate well to small business.
- Managing finances, especially cash flow, requires a different approach than corporate budgeting.
