“Buffalo Wild Wings for comparison is about 50-50. It's about 50% franchise, 50% corporate owned”
♫
Said on Business Wars
“We came up with the hybrid business model… we got a patent… allowed us to enter into licensing agreements… we scaled quickly to 50 licensees… we had about $350 in the bank… franchise would cost about $300,000.”
Entrepreneurs on Fire · How to Scale a Niche Service Business Into a Global Franchise Opportunity with Brandon Adams
Play from 7:08
7:08
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What was described
Patented the mold-remediation equipment and process, then licensed territorial rights to 50 independent operators instead of launching a full franchise immediately
$350 initial cash, $300,000 typical franchise setup cost, 50 licensees
Said nearby on the same subject
“Number one, get your processes right… Number two, VA the crap work that doesn't require a license”
♫
Said on Profiles in Risk
“We operate it profit neutral. And then we see 30 to 40% of that revenue immediately translate over to Amazon and Target and our retailers”
♫
Said on The Iced Coffee Hour
“We launched the State of Independence SaaS report, where we surveyed more than 1,000 Bootstrapped… founders.”
RW
Rob Walling / MicroConf
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