Brian’s family has been in the Midas business since 1976.
Since Brian took over the family business in 2010, he has successfully grown the company from six to 29 locations — positioning themselves as the fourth largest Midas franchisee in the United States — and increased revenue from $5M to $26M in sales.
In today's episode of Boring Businesses, I'm joined by Brian Beers to explore the world of franchising, the opportunities and challenges of taking over a family business, the secrets behind starting a Midas franchise in 2023, and so much more.
Timestamps:
00:00 Intro
00:42 How Brian Got Into The Midas Business
03:06 Evolution Of The Company Over The Years
04:38 Brian’s Hiring And Retention Strategy
08:50 Taking Over The Family Business
10:23 How To Increase Your Profitability
12:58 The Importance Of Mastermind Groups For Businesses
16:47 How To Start Your Own Midas Franchise
21:50 How Seller Financing Works
24:41 How To Choose The Right Location For A Franchise
26:54 Selecting The Right Business Model
31:22 The Importance Of Mentoring For Growing A Business
34:17 How To Find Balance When Running Multiple Franchises
👉 Connect with Sieva
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👉 Connect with Brian
Website: https://www.brianbeers.com/
Twitter: https://twitter.com/brianbeers
Instagram: https://www.instagram.com/businesswithbeers/
LinkedIn: https://www.linkedin.com/in/brian-t-beers/
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