Podknife - Former Searcher Opts to Franchise Instead by Acquiring Minds

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Former Searcher Opts to Franchise Instead

Podcast |: Acquiring Minds
Publisher |: Will Smith
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Feb 02, 2023
Episode Duration |: 01:30:40

Description
iTunes Summary

Jacob Lee signed up for 10 locations in the Scenthound franchise after deciding it was a better opportunity than search.

Topics in Jacob's interview:

Why starting franchise locations makes more sense than buying a business
Return on equity in franchising vs. search
Getting over pride when choosing to franchise
How Jacob selected Scenthound from 4,000 franchise options
Other franchises Jacob considered
How to analyze a franchise opportunity (especially a young one)
All about Scenthound - concept, numbers, fees
Franchising compounds
How to build 10 units over 4 years (plus the 2 key hires that make it possible)
Using SBA loans in franchising

References & how to reach Jacob:

Jacob's Twitter thread cited in the interview
Scenthound
Brent Beshore
express.com/">Tommy's Express Car Wash
The Joint Chiropractic
LinkedIn
@jacoblee295
j lee AT scenthound dot com

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

SMBash

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter