Cody Bradstreet
👤 SpeakerAppearances Over Time
Podcast Appearances
And of course, I probably paid more for it than I should have, but it was an operating business.
I didn't want to reinvent the wheel.
I had a full-time job already.
I wanted to come in and just improve it.
So I probably paid a little more for it than I should have, and there wasn't a real valuation.
We just came to a number together.
Some juice?
I'm not saying it was all roses.
Yeah.
But we got, at the end, we got the deal done.
One thorn is that I'm a franchisee, and that means I pay somebody royalties for some perceived value every month.
It's off gross revenue, top-line.
Gross revenue.
Yes.
Yes.
So, I mean, it's a standard franchise model.
Nothing out of the ordinary.
What is standard?
Well, a standard franchise model usually is like some percentage, some royalty fee on your gross revenue.
Okay.