Business Buying Academy

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 Intro00:42 How Brian Got Into The Midas Business03:06 Evolution Of The Company Over The Years04:38 Brian’s Hiring And Retention Strategy08:50 Taking Over The Family Business10:23 How To Increase Your Profitability12:58 The Importance Of Mastermind Groups For Businesses16:47 How To Start Your Own Midas Franchise21:50 How Seller Financing Works24:41 How To Choose The Right Location For A Franchise26:54 Selecting The Right Business Model31:22 The Importance Of Mentoring For Growing A Business34:17 How To Find Balance When Running Multiple Franchises👉 Connect with SievaWebsite: https://www.sievakozinsky.com/Twitter: https://twitter.com/SievaKozinskyLinkedIn: https://www.linkedin.com/in/skozinsky/Newsletter: https://thebusinessacademy.substack.com/👉 Connect with BrianWebsite: https://www.brianbeers.com/Twitter: https://twitter.com/brianbeersInstagram: https://www.instagram.com/businesswithbeers/LinkedIn: https://www.linkedin.com/in/brian-t-beers/- If you enjoyed the episode please leave a 5* review to support the show. It really helps.- Tweet me at @SievaKozinsky with any feedback or thoughts from the episode. - Prefer to watch? Check out all episodes on the Boring Businesses YouTube channel.