Build Buy or Partner. Paul Miltonberger Mobile

Transcription

1 Build Buy or Partner Paul Miltonberger Mobile Rich Anderson Mobile

2 Paul and Rich Met at LBT 19 in December years: Corporate and Trial Lawyer 20+ years: Subway franchisee Franchise Success Center (est. 2006)

3 Franchise Success Center FREE Consultations FREE Service We match your skill sets, needs and resources with the best available franchise opportunities. Free to you because Franchisors pay us a portion of the published franchise fee when our candidates join their system. You pay same price with or without us.

4 Cash Machine Strategies Build: From Scratch Classic Cash Machine Your Skill Sets Buy: (Liquid funds OR use your IRA or 401k) Buy someone s system or existing business Partner: Time, energy, experience - finds money Have a different conversation with people

5 Buy Options Existing Business (must avoid the oh no s ) License or Distributorship including Multi Level/Network Marketing Franchise (IRA funds can be used)

6 Cash Machine Value Cash Machines are more than cash flow (need to replace my W-2 income) Also have the value of the business How can we turn $50,000 into $200,000?

7 Net Worth Acceleration Cash Machine Cost (build or buy) - $50,000 Assume It Generates Annual Net Profit $30,000 - $70,000. Say $50,000 Valuation 3 to 5 times net profit So, value of your $50,000 investment $150,000 to $250,000 Say $200,000 PLUS your annual cash flow

8 Rich s Story Finding Subway Value of the Franchise System Use of Knowledge in other businesses Subway v. Service Based Franchises

9 Franchise Terms Franchisor (Subway) (You and Your Business) Franchisee (Rich Anderson)

10 Franchise Businesses Combine the best of the Build, Buy or Partner Alternatives Buy the rights to use an identifiable brand and a proven business format Build your business upon an established business model and systems Partner with a successful, supportive, franchisor

11 The Franchising Industry 3000 franchised businesses in the US Fewer than 10% have 100 open units More than 50 industries 50% of all retail sales

12 Franchise Fees Franchise Fee (Up Front) Royalty (% of Sales over time)

13 What You Get For Your Money The Franchisor has worked out the kinks! As a franchisee, you pay franchise fee and royalty and in return you receive: Proven, turnkey, business model and systems Initial TRAINING and ongoing SUPPORT Marketing strategies and plans Group purchasing power Entity Identification (customers, landlords, banks) Rights to use a known brand, trademarks or trade names An existing and growing TEAM Exclusive Territorial Rights

14 Our Role For You Determine which of the 3000 are worth your time Consider You and set your personal strategy Find the best available opportunities that are a good fit for YOU! Help you with your Due Diligence

15 Franchise Success Center Our Goal: To place you in a Best Fit franchise that will accomplish your goals and ROI objectives taking into account your risk tolerance and geographic area.

16 Franchise Strategies Single Unit Multiple Units in Single Franchise Area Development Rights Multiple Units in Multiple Franchises Real Estate Partnering

17 Multi-Concept Operating Company (MCOC) You - CEO of Your Own Conglomerate Diversify Your Risk Cross Promotions Franchise #1 Fitness and Nutrition Franchise Your Cash Machine (you built) Health Care Wellness Coach Cash Machine #3 Direct Sale/MLM Wellness

18 Service Sector Franchises Fastest Growing Segment in the Country Work from Home / Office Minimal Working Capital Low Cost to Entry Limited or no equipment or inventory No leased space No construction build out Low Overhead Easy and Quick to Open High Margins Strong ROI

19 Our Profile of a Strong Franchise Opportunity Low Cost (Can Use IRA funds) Absentee Pactive Ownership Prime Territories Available Recession Resistant Strong Business Model and Management Multiple Revenue Streams Low Overhead and No Inventory to Maintain Quick, Strong ROI

20 Some Hot Franchises Fitness and Nutrition Tax Preparation Centers Senior Care Tutoring

21 Franchise Success Center The Key: Determine the Best Strategy for You And Find the Best Fit for You! Sign Up for your Free Consultation