James Temple & his mother acquired a struggling Mathnasium franchise in 2009. Today, they do $7m across 19 locations.
Topics in James' interview:
- Buying vs. starting a franchise location
- Is rolling up easier in a franchise system?
- Turning around underperforming franchise locations
- How to assess the risk of a franchise system
- 3 criticisms of franchises that MBA student always have
- Numbers behind his first acquisition
- Growing to 19 franchise locations in 13 years
- How a 19-unit franchise business is structured & operated
- Evaluating franchise opportunities from a risk-adjusted perspective
- Revenue range of Mathnasium franchises
- Mathnasium fees
- What exactly do you get from a franchisor for the franchise fee?
- Passion and purpose — is it necessary?
- Franchise consultants (and how they are incentivized)
- How to start investigating opportunities if you're interested in a particular franchise
Links & how to reach James:
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