How to Roll Up Legacy Franchises | Brian Beers Interview

Many entrepreneurs searching to buy a business skip the individual franchise locations because the SDE of those businesses is often small, like $100k per year. But Brian Beers explains the opportunity in acquiring a franchise location of that size: gaining a toehold in the franchise network and then acquiring more. The opportunity is mostly available in legacy franchise brands, where there may be a lot of existing franchisees looking to retire and open to highly seller-financed terms. Brian explains how to identify good roll-up franchise opportunities in your local market, deal structures, and opportunities with newer franchise systems. Brian and his brother own more than 30 locations of the Midas franchise that collectively do over $35 million per year in sales.

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About

I’ve been an entrepreneur for most of my career, primarily building online media brands. I sold a few of those businesses, but I’ve never been on the buyer's side of the table. Recently I became curious about buying a business.

I found myself browsing the for-sale business marketplaces, imagining the possibilities. And while there were plenty of listings to explore, I couldn’t find much information to guide me through the process of acquiring a business. Unlike start-a-business entrepreneurship, there are not countless channels and podcasts devoted to buy-a-business entrepreneurship.
There are still fewer public stories about entrepreneurs who have taken the plunge to buy a business and done well — though I knew such successes are plentiful.

Acquiring Minds is a channel to both correct that, and educate me on the journey toward buying a business. Business acquisition is an exciting prospect, and I intend for Acquiring Minds to make the path more accessible to myself and others.

#franchise #business #enterpreneur