How to Acquire 25 Franchise Units in 2.5 Years
About this episode
Jack Foster and Jake McLaughlin discuss their journey of acquiring 25 franchise units in 2.5 years and the strategies they employed.
Jack Foster & Jake McLaughlin raised $2.8m to buy 10 Meineke stores. That equity has taken them further than expected. Register for the webinars: Offshore Talent vs. AI for Business Buyers - TOMORROW!! - https://bit.ly/4bAIbTj Quality of Technology (QoT) Report: Protecting Your Acquisition - Thu, Apr 2 - https://bit.ly/4rUHngL Topics in Jack and Jake’s interview: Childhood friends turned business partners Leaving Goldman Sachs, KKR, and Baird for entrepreneurship Why they chose the franchise roll-up model Consolidating units within the Meineke system Applying a first-principles approach to an unfamiliar industry Paying royalties as the price of product-market fit Technician recruiting advantages of a strong franchise brand Why they passed on car washes and quick lube The real timeline of the EV threat to auto repair Buying real estate and using sale-leasebacks for growth capital References and how to contact Jack and Jake: Jack Foster’s LinkedIn Jake McLaughlin’s LinkedIn Meineke Get a free review of your books & financial ops from System Six (a $500 value): Book a call with Tim or hello@systemsix.com and mention Acquiring Minds Download the New CEO’s Guide to Human…
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