Franchise Empires
S10 E6: From 0 to 350: The Rapid, Explosive Growth of Koala Insulation
Sep 17, 2024
Cory Lyons, the CEO of Koala Insulation and a seasoned pro in the franchise world, shares the secrets behind their incredible rise from 0 to 350 franchises since 2020. He discusses the impressive systems that caught his eye and how he ensures balance between franchisee and franchisor support. Dive into the specific insulation services they offer and explore the four key performance indicators that drive their success. Cory's excitement about the brand's future growth potential is contagious, highlighting new territories and revenue streams.
31:12
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Quick takeaways
- Koala Insulation's explosive growth to 350 territories is fueled by strong franchisee support systems that prioritize knowledge transfer and personalized guidance.
- The franchise's success is driven by monitoring four critical KPIs, which ensures tailored coaching and addresses challenges in lead conversion and job profitability.
Deep dives
Franchise Growth and Support Systems
Koala Insulation has experienced rapid growth since beginning franchising in 2020, expanding to over 350 territories. This success can be attributed to a strong emphasis on support systems, which prioritize knowledge transfer from franchisor to franchisee. The franchise's leadership has focused on building operational support teams and ensuring that franchisees receive personalized guidance, including scheduled site visits post-training. The proactive approach to franchisee support not only boosts performance but also fosters a sense of partnership between the franchisees and the brand.
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