Tim Michaels - Franchise Consultant
@kickstartmyfran
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Franchise Consultant Saving You $ | Ex-PE Strategist | Ex-Strat Consultant | U of Mich MBA '15 Book a free consultation:
Joined August 2023
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🔥 Emerging Franchise of the Year Candidate🔥
This is a brand new franchise (which just signed its first franchisee), but I expect it to have explosive growth this year and wanted to bring it to you guys/gals before the good territories are gone.
-B2B service (no hassle of
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🔥Insane Franchise FDD Earnings Claim Alert🔥
-Avg. Revenue: $8.2m
-Avg. Net Profit: $2.0m
-Can be run semi-absentee
-63 outlets open
-Prime territories still available
Total Investment: $117k - $202k
We can save you up to $10k off this brand.
Bookmark this post and comment
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@lawyer4SMBs
I’m generally on your side of this issue, but I have a hard time creating a counter argument for why people in Scandinavian countries where tax rates are very high tend to be much happier than in the US
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I often get asked "What do I have to do to be one of the most successful franchisees in a system?", so I put together a list of the top actions you can take to achieve success as a franchisee.
Comment "info" below and I'll send you a copy.
#franchisesuccess
#franchiseconsultant
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🚨 Wish you knew about emerging franchise brands before all the good territories were gone? We're telling you now, this brand might just be the next big thing in franchising!🚨
-Low initial investment (~$113k-$185k)
-Home-based
-Minimal Staff
-Banking hours (8am-5pm Mon-Fri)
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Day 1 of the franchise expo in DC! Wish us luck!
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I met a guy at an expo who said he's retiring from his home services business. I asked him if he's going to sell it.
He told me "there's nothing to sell".
I called him again 2 days later and he said he gets a lot of calls/referrals to his cell number but that's about the only
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@SMB_Attorney
I feel you. This happens to me all the time. Just isn't the same when you can't put it on the corporate card anymore and have to use your personal credit card!
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I’m happy to share that I’ve co-founded a new company, Banyan Street Equity (), with business partner
@KickstartKipp
.
Banyan Street Equity is an end-to-end franchise advisory and sales organization.
What services do we offer?
Emerging Franchises:
o
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If you could start a business with $300k total investment ($100k cash, $200k debt) that wouldn’t cash flow for 2-3 years but then would net $400k a year would you do it?
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🔥Phenomenal Home Services brand alert🔥
- 81 territories open and operating currently, so there are plenty of franchisees you can call to validate
- Fastest growing brand in its category in the country
- Minimal employees: can start with 1 sales rep and 1 operations manager
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Does anyone know a good react developer? My website needs some TLC
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🚀This emerging brand excites me for several reasons
-High-tech player in a sleepy, fragmented industry
-Founder has 2 locations and has only visited his second location a few times over the past year
-2nd location is run by only 1 employee and generated $1.3m top line and
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Just got off the phone with a franchisee of a brand that sold him a bag of lies. He's been in business for 8 months and is having to shut it down. Lost $400k.
What could he have done differently to avoided the situation? More research on the front end before signing on the
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I'm hearing rumblings of a well-known franchisor forcing some unhappy franchisees to fly all the way to their headquarters for mediation just to run up their legal bills instead of having the mediation over Zoom.
It's information like this that I try to pay close attention to
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🎉Seeing as I just passed 2,000 followers it seems like the appropriate time to reintroduce myself.
I have been a franchise consultant since 2012. I help people who are considering franchise ownership find a business that is the right fit for them based on their skillset,
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I was supposed to receive a 5-figure check today. A hacker accessed my email address and sent the payer a note telling them I no longer wanted to use and to send the funds to a different account.
I never noticed this email was sent and the company issued
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@girdley
This is why most of the listings on Bizbuysell are not attractive. Most of the good opportunities go before it ever gets that far
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If you're investigating franchises you should focus on asking the right questions to both franchisors and franchisees. Without doing so, you leave yourself at significantly higher risk of getting into a bad situation.
Don't know where to start?
We created sample question lists
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🍗 Resale Alert! 🍗
Award winning chicken wings restaurant!
Location: Memphis, Tennessee
Asking Price: $299,000
SDE: $201,093
This business was opened in 2002 and has been a staple in the Memphis community ever since.
Menu items include chicken wings, delicious seafood and
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Attention California Investors with at least $200k in liquid capital - one of the most exciting franchises in the country just got approved for California today. It is available in plenty of other states as well if it's of interest to you, but you don't live there. This is an
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I spoke with a woman who worked her entire career at McDonald’s corporate office.
She said she would never own a QSR because the entire staff of a McDonald’s turned over after only 1 month on average.
I know staffing is a huge issue with QSRs, but still find this stat hard to
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Based upon all the people I talk to, I’d summarize that most of them want to make $200k+ annually and have a business that requires 20 hours or less per week (after 2 years open).
What industries is it easiest to achieve this work-life balance?
1) Remote cleaning companies -
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Met a lot of great folks at day 1 of the franchise show! People were very excited about our service offering and finding a great business to own!
#franchiseexpo
#franchises
#buyafranchise
#franchiseopportunities
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Seeing as I just passed over 500 followers I think it's time for an obligatory intro post on my background:
I have over 11 years of experience as a franchise consultant. I enjoy helping people find business opportunities that can transform their lives and help them live the life
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Just spoke with a new franchisee of a brand that requires a small retail buildout.
When he went to find a location he was shocked at how expensive the commercial rents were in his local market.
Given how prohibitively high some of the rents were he had to settle for a
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🔥 Kitchen Guard is our early Pick for 2024 Emerging Franchise of the Year 🔥
Item 19 Earnings Claim:
Revenue: $6.8m
Net Operating Income: ~$2m (30% NOI margin)
*These numbers were achieved over just 3 territories
Kickstart Cash Back Exclusive: Up to $10k
-B2B service (no
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The franchises that grow the fastest aren't always the franchises that are the best run.
Some franchisors spend 90% of their energy marketing their concept and not enough time helping their franchisees improve SEO, training, etc.
How can you tell which category a particular
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.
@NeelBParekh
climbing giant mountains has made me reflect on my own, far less cool, metaphorical mountain climb.
The first 4 months in business my revenue was $0 and there were many days I questioned what I was doing with my career.
The next 4 months revenue was $160k and I
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Just met with another searcher from a big name business school. He said the class prior to his has 10+ searchers who have all been looking for a business to buy for over a year and none have found one yet.
I’m all for buying non-franchised businesses if you can find them, but
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This year I've told over 30 clients that I don't think franchising is a good fit for them.
Even though it's a great wealth creation vehicle, it's not a good fit for everyone.
You have to be willing to follow directions, have sufficient capital, and have a healthy risk
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Congrats to our client, Max, on his purchase of 3 territories of the premier power washing business in the country,
@RollingSuds
!
@AaronHarperCEO
and team have tremendous vision, integrity, and capital backing, which enables them to provide strong support to their franchisees
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Franchise Deep-Dive: Temporary Wall Systems ("TWS")
Kickstart My Franchise Cash Back Exclusive: Save up to $10,000 (depending upon how many territories you buy)
What is TWS? It is the first full-service rental modular wall containment solution. They provide an airtight,
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I almost bought into Mighty Dog Roofing last year. I went to a Discovery Day and was very impressed by all of their support verticals.
I’ve known about this lawsuit against Horsepower for a while and have my own thoughts but curious what you all think.
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My favorite part of my job is when we send out the checks to our clients that have just purchased a franchise!
Our most recent client will have $3,000 extra cash in their account very shortly to put towards marketing, inventory or even a top of the line jumbo TV!
#franchises
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Today marks a first for us. This is the first time we've sent out multiple cash back checks on the same day!
Congrats to our awesome clients who each will have an additional $3,500 cash in their pockets after purchasing two great, yet very different franchises.
Our cash back
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If I had a dollar for every person that asked me about Subway I could retire in the Caribbean😂
I wouldn't buy a Subway for multiple reasons:
1) The franchisor leaves its item 19 earnings claim blank. It makes no financial claims whatsoever. This is generally a major red flag.
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🚨Attention empire builders with at least $250k in liquid capital. This service-based brand is taking the country by storm right now and is one of our brands to watch for 2024. Please note that the waitlist to speak with their leadership team is currently towards the end of
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About to take three kids 7 and under on an airplane ✈️
Got some suckers to distract from the ear popping
First stop is Chilis for breakfast
This should be interesting!!
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I just joined an SMB growth group put together by
@CoFoundsNik
and
@jcolesimpson
. What a tremendous idea for those of us with newer accounts looking to learn and grow.
One of the questions they posed was who is your favorite follow in the smb space? My vote is for
@girdley
. How
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2023 has been a great launch to Kickstart My Franchise. Our expertise and value proposition has seemed to really resonate with people and we’ve gotten tons of great feedback. We joined X just 4 months ago and have steadily grown to close to just under 600 followers.
Setting a
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Do I have to quit my job to open a franchise? Not necessarily. There are many semi-absentee options we work with where you can hire a manager to run the day-to-day. This will obviously increase your break even timeframe and reduces profitability, but could position you to grow a
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Since I just passed 1,000 followers I thought it'd be helpful to give a brief overview of how our free franchise consulting services work
-Help find people franchises that are a good fit for their situation based on their skillset, income goals, and personal interests
-100%
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Tech layoffs are at their highest since the 2001 dot-com crash.
I spoke to someone last week who was laid off from
@PayPal
and she is planning to open a franchise and then once that is up and running consider getting a job again.
This is an interesting option for those of you
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⚽️ Want to know what's great about becoming a SuperSoccer Stars franchisee? It's not just about making money — it's also about having a supportive team behind you and a passion for making a difference in your community.
In this Episode of 50 Seconds in Franchising, a man of many
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We’re all ready for our first franchise expo tomorrow! Huge shoutout to my amazing wife
@meg_mikes
for coming with to support me. She has a lot to learn tonight about franchises and Kickstart My Franchises competitive differentiators 😂
#franchise
#smbtwit
#kickstartmyfranchise
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I'm thinking about hiring a virtual assistant to help with tasks such as video editing, social media posting, etc. Any suggestions for where to find them?
#VA
#virtualassistant
#hire
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We sold 3 awesome franchises in the past 10 days!
I’m guessing you haven’t heard of at least 1 of them.
Comment “3” below to learn which ones.
#franchises
#franchiseopportunities
#franchising
#franchiseconsultant
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I don't understand why more people don't franchise their business.
It can be an extremely lucrative wealth creation vehicle.
Does it require some capital? Yes
Does it require some knowledge? Yes
Can you do it successfully without having those 2 things right now? Yes! --> My
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Franchises brand fund fees are a sneaky area you should ask the franchisor questions about
For those of you not familiar, brand fund fees are typically ~2% of revenue and can be spent by the franchisor towards collective marketing, branding, research, etc.
The problem is there
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Interested in starting a daycare like a Goddard, Primrose, etc., but don't love the $1m+ investment or long hours?
Check out Ivybrook Academy!
-Half-day, curriculum-based approach
-Steady daytime hours of operation – 8:15 to 4:30 (when summer hours are involved, the facility
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Not to get into my own political beliefs but are these really the two best options we have out of everyone over the age of 35 in this country?!
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I had an MBA classmate from Michigan invest in this franchise about 6 months ago. It's a great B2B business for those of you who don't want to deal with B2C. Highlights below.
🔥Like and comment "info" for more information.🔥
-World's largest small quantity metal distributor
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Happy Mother’s Day to my wife and mom, both of whom have been tremendously supportive of my decision to pursue entrepreneurship!
Lots of great moms behind all the entrepreneurs out there!
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The longer I’ve been in the franchising industry the more I’m amazed at how little thought most people put into what industry/brand to buy into.
It’s a completely emotional decision for most people
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I am always fascinated by how different people perceive food franchise opportunities so differently.
It is an extremely polarizing sector of franchising.
Many people say “I only want food” and yet many others say “Anything but food”.
Very few people tell me they’re open to
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One franchise sector that people don’t talk enough about is senior care.
The Baby Boomers are aging and demand for in-home services is only going to increase.
The opportunity to grow a big business is there and there will be less seasonality than many home services businesses
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I continuously come across people who would make good operators, but just don't quite have the capital to make it happen. If you're interested in being a silent investor in a franchise let me know and I'll keep you in mind as opportunities arise
#franchiseopportunities
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🚀Fast-growing, low investment, high ROI potential franchise that only requires one employee at a time to run🚀
We can save you up to $10,000 of this franchise
✅ Experienced franchisor with over 40 locations in system today with unbelievable franchisee validation! 5 out of the
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Buying a nationally recognized QSR brand is not a golden ticket with no downside risk.
A 17-unit Popeyes franchisee recently filed for bankruptcy. How does this happen?! Everyone loves their spicy chicken sandwiches!
Let's do a quick and dirty analysis.
The investment range
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He’s ready to start his own power washing business.
Maybe
@AaronHarperCEO
will hire him
#powerwashing
#Entrepreneurship
#smb
#franchises
#franchiseopportunity
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I've been interviewing potential VAs this week and have been blown away by the talent.
It's truly mind-boggling that anyone in America still has a job when you compare the cost difference with some of these other countries.
You can pay someone $10k a year who or less for a job
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One of the most important parts of buying a franchise is the due diligence process. Kicking the tires to make sure you're getting into a good opportunity. I spent my professional career executing commercial due diligence projects for private equity clients. I'd be happy to give
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One of the most undervalued aspects of owning a franchise is the network of other franchisees you get access to.
Suddenly you can text, Slack, call or email people who’ve open and run the exact same business as you and ask them anything you want.
This will significantly shorten
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What a scary world we live in. Let’s keep candidates on both sides of the aisle safe.
There’s no place for this in our country. Pray for our country and leaders!
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Just read a "top franchises for 2023" list from one of the franchise portals...comical! These portals should be required to disclose that all of the franchises on their "top lists" have paid them to be on them. Ridiculous!
#franchises
#franchiseopportunities
#smb
#eta
#smbtwit
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What are your thoughts on franchisors promoting absentee ownership?
I know many of my lawyer friends have strong opinions on this!
If it's that simple, why need franchisees at all?
Remember, a franchise isn't passive like real estate.
Relying solely on a manager to
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When reviewing a franchise agreement please consult an attorney.
I have plenty of clients that don’t want to pay the ~$2,500, but then want my advice on the review and negotiation.
Pay the money to an expert and get the protection you need
There are lots of franchise
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Buying a failing franchise is an often overlooked potential avenue for entering the franchise space.
It is high-risk in many cases, but you can also find absolute steals where the current owner simply didn't put in the effort needed to run a successful business.
In the example
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The hardest part of any business is usually the beginning.
Surviving the first 6-12 months requires a clear game plan, discipline, capital and determination.
Can you do it on your own? Absolutely!
Will it be easier and more likely to succeed if you buy into a franchise?
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🔥2023 Numbers are in for this High Margin, Recurring Revenue Home Services Brand!🔥
- Incredible Margins (64% gross margin)
-Low Initial Investment (starts at $99k all-in)
-Recurring revenue model with year-round service lines
-National call center handles all inbound leads
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The most important step when deciding which franchise to buy is speaking with existing franchisees that are not suggested to you by the franchisor. Speak to 3 at a minimum, but aim for 5-7 if you have the time.
This is by far the best way to get a peek behind the hood and get
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Very cool to see
@Codie_Sanchez
investing in franchising!
Congrats to
@realsjmonty
and team!
#franchiseopportunities
#franchises
#buyabusiness
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Spent the night installing antivirus software, turning on multi factor authentication and changing all my passwords.
Also put credit freezes on with all the credit bureaus
Getting hacked is so much fun!
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When you start up your franchise, consider spending 50% more than the franchisor recommends on marketing/advertising. Franchisees that tend to underperform often don’t spend enough on advertising (in addition to numerous other reasons) they may be struggling
If you work with us
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Received this message in my DMs in response to my original post about
@Dickeys
Clearly some unhappy franchisees, yet I'm guessing there are new people signing on monthly who never bother to take the time to call any existing franchisees prior to signing.
Don't be lazy, pick up
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Going to toot my own horn a little bit. Got this email from a client earlier that I've only been working with for a few days.
We are trying to bring a level of transparency to the process through our cash back program, which is directly correlated to our commission amounts.
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One of my 2024 goals is to put my money where my mouth is and invest in a franchise. If you're looking to make a change in 2024, we'd love to help you explore business ownership through franchising. DM me to set up time for a quick chat to see if franchising might be a great
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Happy Easter!!
For those of you who have never seriously looked at the evidence for Jesus and his resurrection I highly recommend you check out The Case for Christ by
@LeeStrobel
.
Lee was an atheist and award-winning journalist who despised Christianity. He started
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The first franchisees in a franchise system take the biggest risks.
The concept is not proven at a franchisee level yet and the level of franchisor support is a bit of a wild card.
Will the Zor provide exceptional support because they want their first franchisees to be
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@girdley
Wonder what PE has cut when it cuts to the actual product to make it not taste as good. Always easier to cut expenses in Excel than in real life
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🔥🔥Hot Brand Alert🔥🔥
We pride ourselves on constantly scanning the nation for the hottest emerging brands. The brands that our competitors don't take the time to uncover until a lot of the good territories are already gone.
Tonight we bring you our favorite brand currently
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@collin_ruth89
Did you give him any sort of warning regarding the issues or his performance? As long as he was given a realistic chance to correct things that are easily correctable firing fast is fine
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🍪In this episode of the Kickstart My Franchise podcast we chat with
@ShidelerBennett
, one of the original franchisees of
@CrumblCookies
. 🍪
Shideler owns 9 Crumbl locations across multiple states.
Is the sky truly falling at Crumbl like many of the headlines would lead you
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🔥 Do you want to know our choice for the top 3 emerging franchise brands in the U.S right now?!
💸 Do you want to save up to $10k on each of them?!
Like this post and comment “Top 3” and we’ll share our list with you.
If you work with us and end up buying one of them we’ll
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Attention Illinois Investors with at least $70k in liquid capital and a net worth of $100k - one of the fastest, if not the fastest, growing franchises in the country just got approved in Illinois today. It is available in plenty of other states as well if it's of interest to
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We sell the same franchises as everyone else and actually have the largest portfolio I’m aware of (750+ brands), but you’re only going to get a cash infusion to kickstart your business by working with us. We’ll write you a check for up to $10k after closing that you can use
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This is how my 4-year old has fallen asleep the past 2 nights.
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Believe it or not, you don't have to quit your job to open a franchise. There are many people keeping their day jobs, hiring a manager, and putting in ~5-15 hours a week to help grow and manage the business. This often increases the time it takes to get to break-even, but if you
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