Franchisees
topic on 7 shows · 8 statements across 8 episodes
Founder's Journal
the Pitch
We Live to Build
A Product Market Fit Show
Capital Allocators
How I Built This
David Senra
8 statements about Franchisees, every show
Graves: Buying back Raising Cane's franchises increased sales and wages
“So we got way more efficient. We bought them out. We actually operated at 95. Sales went up in all the franchise markets. So literally sales went up, wages went up, everything went up, and it actually improved out better.”
Glass: Software vendors must sell to restaurant headquarters, not just franchisees
“Enterprise restaurants, you need to go through the proper channels and sell into the enterprise and not just work with individual franchisees or operator groups. Cause it really upsets headquarters, if they haven't vetted the things that.”
Myers Tests if Candidates Can Follow Operating Procedures During Initial Vetting
“And so we have a process that we follow, even at the first time that we talk to them, there's a process. And that gives us indications on whether or not they're an individual that can follow a process, because certainly if they become a franchisee, they're goi…”
Behring: A Franchised Brand Is Only Sustainable If Franchisees Profit
“It's a great business to have a fully franchised brand, but it needs to be very good for everyone to be sustainable, meaning your franchisees making money is left, right, and center of this business.”
Rose: McDonald's prohibits outside investors for new franchise locations
“Because even McDonald's, their biggest barrier to growth for new franchisees, they have to already be wealthy. Then they have to be wealthy and want to run a McDonald's. And McDonald's does not allow outside investors.”
Lamb: Flat franchise economics prevent top franchisees from controlling the company
“I was talking to an executive at a big franchise system, and you know, they've got probably 20 franchisees that pretty much run the company. You know, whatever those people say goes, because they're the ones generating a lion's share of the profits for the com…”
Scudamore: Brand pricing power more than offsets franchisee royalties
“They're gonna find that with one 800 got junk, they're gonna charge more. And that incremental value that you get being able to charge more is because of a premium brand that we've created that has huge credibility. So that incremental amount more than covers …”
Farid: Franchisees will tolerate only one or two failed corporate initiatives
“Anybody that's thinking about getting in a franchise should realize that it is a relationship that you are actually now getting into a partnership with another entrepreneur. You're gonna have to spend a lot of time listening and making sure and inspiring and h…”