Growing Through Franchising Your Business

Transcript

There are many ways in which you can grow your business. Transworld Business Advisors has done it through franchising.

In today’s episode, Andy, Jessica, and expert guests are diving deep into this topic. Brady Lee, from Accurate Franchise, shares how she has been helping people who are considering franchising their business to move forward successfully. Frank Berger, the CEO of You’ve Got Maids, talks openly about his success story and how he has been working with Transworld Business Advisors for the growth of the company.

Listing of the week: Charles Palmer (Nashville) Call center with three locations in the U.S. — two in Tennessee and one in Texas. This business has been operating for 18 months and making $200,000 monthly in sales. Price: $1.8 million. Seller financing is available, sellers are asking for a $900,000 down payment. Call Charles Palmer at (615) 962- 4464 or email [email protected].

Key Takeaways

Key takeaways:

[3:06] Brady Lee from Accurate Franchise Inc.

[4:08] Franchise is currently booming.

[4:38] Brady Lee talks about the food franchising.

[6:17] Why should a business consider being a franchise?

[7:58] Brandy Lee explains what are the first steps before becoming a franchise.

[8:33] Do you have a proven model?

[9:33] Brady explains the benefits of having multiple locations for your business.

[9:44] If you are thinking of franchising your business it needs to be duplicatable, with the processes and systems in place that could be taught.

[10:52] What makes your business different?

[15:45] Franchising requires a lot of work, like constant training in order to keep the business moving.

[15:50] The first batch of franchisees is critical, you need to make sure they are successful.

[17:30] Franchises need to evolve offering new products and services, and these innovative ideas usually come from franchisees.

[19:46] Deal of the Week: Mike LeCates (Delmarva) and Melissa Patel (DC Metro). Commercial landscaping company. The buyer wanted to expand its business to the Atlantic coast area and that was possible through the power of co-working. Sold in $1.7 million, SDE: $700,000.

[25:18] Frank Berger, CEO of You’ve Got Maids, franchisor and the first maid of his business.

[26:20] First locations of You’ve Got Maids.

[27:11] Frank Berger talks about the reason why he started his company.

[30:05] Frank shares the secret of a simple business model.

[36:27] How do you make your customers love you?

[36:53] The three pillars of You’ve Got Maids: Pricing, Routing, and Taking care of the associates who are the maids.

[39:20] The franchisees have to win before the franchisor.

[41:32] Frank shares the future goals for You’ve Got Maids.

[43:57] Listing of the Week: Charles Palmer (Nashville). Call center with three locations in the U.S. — two in Tennessee and one in Texas. This business has been operating for 18 months and making $200,000 monthly in sales. Price: $1.8 million. Seller financing is available, asking for a $900,000 down payment.

Mentioned in This Episode

• The Deal Board Podcast
• Transworld Business Advisors
• Transworld on LinkedIn
• Transworld on Facebook
• United Franchise Group