Two Ways To Get Rich In Franchising

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  • เผยแพร่เมื่อ 5 ก.ย. 2024

ความคิดเห็น • 13

  • @FlyingMantisGT
    @FlyingMantisGT ปีที่แล้ว +1

    Hey Patrick- can you do a video deep diving the exit? How much harder is it to sell than other businesses? Does your asset evaporate when the franchise term ends? Are they generally more or less valuable than selling independent businesses? I think that would be a nice topic to complement your (already amazing) library of videos.

    • @Vettedbiz
      @Vettedbiz  ปีที่แล้ว +1

      Sure, I'll record this today. Will be up in 2 weeks. We do get asked this question quite often by franchisees.

    • @Vettedbiz
      @Vettedbiz  ปีที่แล้ว

      Here you go! th-cam.com/video/JpNRdvlkSGs/w-d-xo.html

  • @markstone6263
    @markstone6263 10 หลายเดือนก่อน +2

    why would businesses sell for a multiple of revenue as opposed to profits?

    • @Vettedbiz
      @Vettedbiz  10 หลายเดือนก่อน +1

      Some industries like property management and insurance value the book of the business not the cost to maintain them as the acquirer might have very different cost structures.

    • @markstone6263
      @markstone6263 10 หลายเดือนก่อน +1

      @Vettedbiz ahhh makes sense. Thanks. And appreciate all of your informative videos!

    • @Vettedbiz
      @Vettedbiz  10 หลายเดือนก่อน +1

      @@markstone6263 no thank you. It's a great question as the multiple of revenue is not intuitive.

  • @michaelm2420
    @michaelm2420 ปีที่แล้ว

    In the process of franchising our business model, I know the process takes time and find the right franchisees.. I was considering building out locations gmb assets and driving phone calls and leads using the Rank rent model. At some point sell the franchise location as a business already up and running so the franchise buyer it's profitable from day one. What are your thoughts do you think this is a good model? Can we sell for more money based on revenue or phone call volume? Please share your thoughts thank you.

    • @Vettedbiz
      @Vettedbiz  ปีที่แล้ว +1

      Could work for first few locations but difficult to do at scale

    • @michaelm2420
      @michaelm2420 ปีที่แล้ว +1

      Awesome thank you for your feedback 👍 you do awesome work I've learned so much as following your channel 👍

    • @Vettedbiz
      @Vettedbiz  ปีที่แล้ว

      @@michaelm2420 Thanks!!

  • @2967_
    @2967_ ปีที่แล้ว +1

    Can you be my mentor or connect me to a mentor?

    • @Vettedbiz
      @Vettedbiz  ปีที่แล้ว

      What are you looking for out of a mentor Kory?