White Coat Investor Podcast

MtoM #119 - Opening a Franchise

May 22, 2023
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ANECDOTE

How They Found Their Franchise

  • Alex and Amanda bought territory rights for a gutter franchise in Louisville, Kentucky.
  • They used a franchise broker to survey options and ultimately chose gutters after narrowing choices.
INSIGHT

Supportability Matters More Than Glamour

  • Amanda chose gutters because the franchisor provided strong operational support and repeatable systems.
  • She valued their training and semi-absentee model that fit medical-professional owners.
ANECDOTE

Hired A Hands-On General Manager

  • Amanda hired a hungry general manager who is hands-on and familiar with sheet metal work.
  • She trained in installation herself and supports the GM while he runs field operations.
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