How a $40k Acquisition Led to a Franchise Empire
Oct 11, 2022•1 hr 18 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
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:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds:
- YouTube channel (easy access to all past + future interviews)
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
For the best experience, listen in Metacast app for iOS or Android