• The Appeal of Franchise Buying: $1m EBITDA in 2 Years

  • Sep 23 2024
  • Length: 1 hr and 56 mins
  • Podcast

The Appeal of Franchise Buying: $1m EBITDA in 2 Years

  • Summary

  • Register for the webinars:

    • Legal Office Hours (Deal Structure & Its Tax Implications) - Thu Sept 26 - https://bit.ly/4grubvD

    • How to Hire an Operator to Replace Yourself - Fri Sept 27 - https://bit.ly/3zgUbJr


    Corey Robinson bought 4 locations in the legacy franchise Batteries Plus. He quickly bought 8 more, growing to $10m/yr.

    Topics in Corey interview:

    • Leaving the security of his corporate job
    • What he likes about Batteries Plus
    • Buying an expansion location for $100k cash
    • Changing the culture at one location
    • Remotely managing Texan teams from Iowa
    • An HVAC acquisition that went poorly
    • What he learned about making big changes
    • Operating an independent business compared to a franchise
    • The toll it took to spread himself over multiple industries
    • His current role as an investor in small business acquisitions

    References and how to contact Corey:

    • Webinar cited in the intro: How (and Why) to Choose a Franchise as an Acquisition Entrepreneur
    • LinkedIn
    • Instagram
    • Batteries Plus
    • Brian Beers Acquiring Minds interview

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get a complementary pre-acquisition HR & PEO review for your target business:

    • Contact mark@aspenhr.com or visit Aspen HR

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Connect with Acquiring Minds:

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