In this episode of the Franchise QB Podcast, host Mike Halpern speaks with Elliot Cole, General Manager and Franchise Development Director of Fantasy Claw Arcade.
They discuss Elliot's journey from the automotive industry to the world of franchising, the unique concept of Fantasy Claw Arcade, and the growing market for claw machines in the U.S.
The conversation highlights the engaging customer experience, operational insights, and the support provided to franchisees.
Elliot emphasizes the importance of creating a fun environment and the potential for franchise owners to thrive in the entertainment industry.
Takeaways
🪄Elliot Cole transitioned from corporate roles to entrepreneurship.
🧙♂️Fantasy Claw Arcade offers a unique, immersive experience.
🪄The U.S. market for claw machines is growing rapidly.
🧙♂️Franchising provides a supportive structure for entrepreneurs.
🪄Customer engagement is key to the arcade's success.
🧙♂️The nostalgic factor of claw machines appeals to all ages.
🪄Franchisees benefit from lower equipment costs and comprehensive support.
🧙♂️Operational efficiency allows for light staffing needs.
🪄The startup costs vary based on location size and build-out.
🧙♂️Ideal franchisees are those passionate about family entertainment.
Chapters
00:00 Introduction
00:45 Elliot Cole's Background and Journey
03:08 The Concept of Fantasy Claw Arcade
05:57 Market Trends and Opportunities for Claw Machines
08:46 Creating an Engaging Customer Experience
12:05 Franchise Ownership and Revenue Streams
14:49 Operational Insights and Staffing
18:13 Maintenance and Support for Franchisees
21:04 Startup Costs and Financial Performance
23:57 Conclusion
https://www.fantasyclawarcade.com/franchising
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Mike Halpern, CAFC
mike@franchiseqb.com
