Acquiring Minds

Buying Franchises: A Primer for Searchers

Jan 24, 2023

01:09:02

Creator website

Episode guests

Brian Beers

Lucas Mitchell

Michael Horowitz

AI Chapters

Episode notes

Introduction

2min

How to Think About Franchise Businesses From the Perspective of Acquisition Entrepreneurship

4min

How to Build a Brand and Get Franchisees

3min

The Scam of the Franchising Industry

5min

The Importance of Choosing the Right Franchise Opportunity

3min

The Appeal of Acquisition Entrepreneurship

1min

The Pros and Cons of Buying a Franchise Resale

2min

How to Target a Franchise Opportunity

4min

How to Convince a Franchisee to Send It to Him

2min

10.

Brian Fierce's Success With Franchise Eta

2min

11.

How to Scale Up a Franchise

3min

12.

The Risks of Owning a Midas Franchise

5min

13.

How to Evaluate a Franchise That's Got Momentum

3min

14.

How to Assess the Health of a Franchise Brand

3min

15.

The Importance of Financials in Franchise Development

2min

16.

How to Get FDDs in Wisconsin

2min

17.

How to Succeed in a New Franchise

2min

18.

How Michael Horowitz Assisted in Buying a Franchise

2min

19.

The Red Flag of Franchises Coming to Biz by Cell

2min

20.

Why Franchises Aren't Your Favorite Category

3min

21.

The Mistakes Franchisees Make

3min

22.

The Future of Franchises

2min

23.

The Importance of Owning Multiple Locations

3min

24.

The Importance of Having Multiple Units

3min

25.

The Bad Reputation of Subway Franchises

2min

Twitter-famous Wolf of Franchises on why & how you should buy existing franchise businesses, including lots of examples.

Themes from the conversation with Wolf:

Pros/cons of acquiring an existing franchise business
Why buy 1 franchise business (even if SDE is just $100k)
Opportunity & perils of rolling up franchises
If you can grow from 1 to 2 locations, magic
How to assess health of a franchise brand
Breaking into mature franchises as an acquisition entrepreneur
4 mature franchise brands Wolf likes (plus 1 he hates)
Why to avoid food franchises
How to gauge risk of new franchise brands
Avoid these 2 common mistakes made by franchisees

Links & how to reach the Wolf:

How a $40k Acquisition Led to a Franchise Empire - interview with James Temple, multi-unit Mathnasium owner
Michael Horowitz (Wingstop multi-unit owner)
Brian Beers (Midas multi-unit owner)
Lucas Mitchell (Five Guys multi-unit owner)
Wisconsin's franchise disclosure document (FDD) search
@franchisewolf
WolfOfFranchises.com

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

Learn more about Walker Deibel's done-with-you buy-side advisory:

The Acquisition Lab

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.