Matt Friedman
speaker
487 appearances
2 recordings
1 series
first heard Sep 2021
last heard Nov 2022
Matt Friedman’s voice in public audio — every appearance, attributed to the second.
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Appearances
You know, truthfully, I think that we're interested in food, but it's gotta be unique food and very relevant to where we think the industry's going, which is low labor or limited labor, uh technology, food to go, small footprint.
But truthfully, we're looking at franchise brands that can provide a quality of life with a strong return on investment for our franchise.
Franchisees.
And so one of the brands is Patriot Broadband, bringing internet service to rural America.
Really desolate areas where internet is not prevalent right now unless you have this expensive satellite dish on your roof.
Other ones are Raziri Salons, Extension Envy, Bobby Shea's famous crab cakes.
So I think for us, it is a multitude of different
Brands, but I think for us, it's really about the quality of life for a franchisee, and it's a unique segment that is not overly crowded, which is hard to find.
The truth is, is there's thousands of franchise brands out there, and some of them are at each other's throats trying to get market share, and we're trying to find those diamonds in the rough.
It's a great question.
I'm glad you asked it.
So franchise founders does not take any ownership in the current business.
So if you have six hair salons and you're a regional brand, you still own those six.
What we do is we create a new company, call it hair salon franchising LLC, and we start a new company where we both co invest.
It could be that we have 40% of the franchise company.
It could be that we have 60%.
It just depends on kind of where both sides want to live in it because we're co investing into the launch of a franchise company and model.
So that's a little bit about how it works.
I think for us, if we have brands that are ultimately interested in venturing or pursuing this, we do a very detailed feasibility study.
And some of these can be as much as fifty.
Showing 181–200 of 487 · page 10 of 25
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