Dan Fleyshman

So on the make money side, franchising, why does someone go franchise from College Hunks versus just go buy a truck or two and go do it themselves with their own brand?

For sure. So to give you guys a breakdown on franchises, they can range in fees of anywhere from 6% to 13%, depending on the type of brand, company, service, or product.

For sure. So to give you guys a breakdown on franchises, they can range in fees of anywhere from 6% to 13%, depending on the type of brand, company, service, or product.

So if you have a restaurant chain, if you have a dry cleaning chain, or you want to go franchise like a Century 21 or an insurance company, typically they want 6% to 13% of gross sales and 1% to 3% of what's called a marketing fee that helps go to the budget to do nationwide or worldwide marketing that'll help the franchisee, which would be you in this example.

So if you have a restaurant chain, if you have a dry cleaning chain, or you want to go franchise like a Century 21 or an insurance company, typically they want 6% to 13% of gross sales and 1% to 3% of what's called a marketing fee that helps go to the budget to do nationwide or worldwide marketing that'll help the franchisee, which would be you in this example.

Also, it can range anywhere from zero to $150,000 on average. Typically around 50K is kind of like the normal deposit for a franchise. Now, if you're going to get McDonald's, that number is much bigger, right? It could be hundreds of thousands, if not $1.5 million in some cases for really big name franchises.

Also, it can range anywhere from zero to $150,000 on average. Typically around 50K is kind of like the normal deposit for a franchise. Now, if you're going to get McDonald's, that number is much bigger, right? It could be hundreds of thousands, if not $1.5 million in some cases for really big name franchises.

What you want to think about when you're researching is what type of product, brand, service, restaurant, trucking company, et cetera, do you believe in the brand, has experience? I don't recommend going to franchise someone that has two or three locations. That happens often. Someone who opens up two, three locations, they're like, we're going to start franchising, rolling out.

What you want to think about when you're researching is what type of product, brand, service, restaurant, trucking company, et cetera, do you believe in the brand, has experience? I don't recommend going to franchise someone that has two or three locations. That happens often. Someone who opens up two, three locations, they're like, we're going to start franchising, rolling out.

They don't have their systems in place yet. The reason you would want to franchise is someone has a really good brand and really good systems. Those are called SOPs, systems and procedures. And you need those things to happen. Otherwise, I'd rather you wait until they have five, 10, 15, 20, 30 locations where they really have experience.

They don't have their systems in place yet. The reason you would want to franchise is someone has a really good brand and really good systems. Those are called SOPs, systems and procedures. And you need those things to happen. Otherwise, I'd rather you wait until they have five, 10, 15, 20, 30 locations where they really have experience.

For sure. Yeah, so I invested in one called Ever Bowl, the acai bowl chain. I first invested, there was 13 locations. I threw in 500K, they went to 17 locations, 21 locations, 25 locations, bam, bam, bam, scaling, scaling. Me and my friends, we raised at our mastermind $5 million for the company. Boom, 27 locations. And then March happens, 2020. Oh, no.

For sure. Yeah, so I invested in one called Ever Bowl, the acai bowl chain. I first invested, there was 13 locations. I threw in 500K, they went to 17 locations, 21 locations, 25 locations, bam, bam, bam, scaling, scaling. Me and my friends, we raised at our mastermind $5 million for the company. Boom, 27 locations. And then March happens, 2020. Oh, no.

All the restaurants in the country are closed down. Most of the world is closed down. And what was cool is the owner, Jeff Fenster, went and signed over 300 new leases. Why? Well, because while everyone is retracting and no one's signing leases, he went out and negotiated six months of free rent, 12 months of TI and tenant improvements, like 100K free build outs.

All the restaurants in the country are closed down. Most of the world is closed down. And what was cool is the owner, Jeff Fenster, went and signed over 300 new leases. Why? Well, because while everyone is retracting and no one's signing leases, he went out and negotiated six months of free rent, 12 months of TI and tenant improvements, like 100K free build outs.

And now it's sold 400 franchise and done. I think there's 96 locations now. It's awesome. By fighting through the struggles, fighting through the hard parts like you guys did. You're on your 20 year anniversary. Talk us through like the journey of like beginning, middle and now being in 20 years.

And now it's sold 400 franchise and done. I think there's 96 locations now. It's awesome. By fighting through the struggles, fighting through the hard parts like you guys did. You're on your 20 year anniversary. Talk us through like the journey of like beginning, middle and now being in 20 years.

So can you give us ballpark numbers? Like what does someone need to have when they're thinking about getting a franchise? Should they have like a 50 grand nest egg saved up or 100 grand or 200 grand? Should they be planning for more money than just the deposit to go get the franchise? Like what should they be thinking about when they're going to get a franchise?

So can you give us ballpark numbers? Like what does someone need to have when they're thinking about getting a franchise? Should they have like a 50 grand nest egg saved up or 100 grand or 200 grand? Should they be planning for more money than just the deposit to go get the franchise? Like what should they be thinking about when they're going to get a franchise?

Very cool. So someone is, they're in, okay, I got it. I've saved up some capital. I've been working at my core job for four years. I got an extra 200K put aside. I'm ready to get a franchise How do I now decide from all 3,000 different options, what's right for me? How do I go down the rabbit hole and figure out what fits for me?