Own a Franchise

Description

Andy and Jessica welcome you to another episode of The Deal Board Podcast.

The first foray into entrepreneurship can be an overwhelming learning experience, but having well-defined processes, robust systems, and a supportive community becomes immensely invaluable. Moreover, entrepreneurs can also consider acquiring a franchise as a second business, leveraging the opportunity to acquire invaluable operational insights that can be applied to future endeavors. This diversified approach enables business owners to broaden their skill sets and confidently navigate various industries. In this week's episode, they dive deep into the remarkable advantages of venturing into franchise ownership, particularly for those new to the dynamic business world.

Today's podcast features two esteemed experts who shed light on the subject matter. First, we have Kathy Livingston, who shares her exceptional journey as a franchisor with Oliver's Nannies — a genuinely unique business in its own right. Second joining this episode is Cory Hibbard, the president of Graze Craze, a highly successful catering service company that has experienced continuous expansion through franchising.

Tune in and gain insights from these seasoned professionals who are well-versed in the world of franchising.

Listing of the week: Christopher Cantwell (Las Vegas) is selling an award-winning subscription eCommerce Coffee Roasting business. Their revenue is $900,000, cash flow is at $259,000, and it is priced at $825,000. Call Chris Cantwell at (702)493-0095 or email chriscantwell@tworld.com.

Key takeaways:

[3:12] Jessica details the reasons why a franchise is an excellent idea for a first-time buyer.

[4:27] Andy explains how most franchises start.

[5:58] Jessica differentiates new, emerging, and established brands.

[8:05] There are opportunities for expansion as a franchisee.

[10:20] Andy shares the news about SBA loans for franchises.

[15:57] When acquiring a franchise, you join a family.

[17:29] Kathy Livingston, president and owner of Oliver's Nannies, shares her story.

[19:11] Kathy explains how Oliver's Nannies work.

[21:20] Kathy talks about the requirements and training of their nannies.

[22:50] Olver's Nannies is a full-time job.

[25:22] Kathy talks about Oliver's Nannies's growth.

[32:27] Deal of the week: John Woodhull (Colorado) sold a design and build construction company located in Springs, Colorado that had been in business for 17 years.

[39:35] Cory Hibbard, president of Graze Craze, shares what he does.

[41:30] What is Graze Craze's business model?

[43:40] Cory discusses what a franchisee can expect from Graze Craze.

[48:46] Who is an ideal franchisee for Graze Craze?

[50:47] What is next for Graze Craze?

[53:50] Listing of the week: Christopher Cantwell (Las Vegas) is selling an award-winning subscription eCommerce Coffee Roasting business. Their revenue is $900,000, cash flow is at $259.000, and it is priced at $825,000.

Mentioned in this Episode:

The Deal Board Podcast

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United Franchise Group

Transworld Business Advisors

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Call us — (888) 719-9098

Email us thedealboard@tworld.com

Graze Craze

Graze Craze Franchise

Call Graze Craze at (861) 646-6606