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
challenges that popped up, but overall COVID was a sales surge for Wing Zone.
You know, it's a wonderful question and and I think so many founders and owners of companies don't spend enough time on what is their exit strategy.
And so I've had the same business partner for over twenty five years and we have very open conversations about the future, whether it's legacy of handing this off or bringing on new leadership or ownership.
And we had conversations back in two thousand and eighteen, but more prevalently
In 2019, about, you know, what would it look like if we exited the business?
And we put down some important things that we were looking for in the right investment partner.
And when it all came down, we were looking for a true partner, someone that was going to take what we created and build upon it, someone that was going to make an investment in people, in technology, and growth.
And we met with
Dozens of different potential buyers.
And at the end of the day, we landed on one that I think could not have been a better fit.
And that's Capriati Sandwich Shops based in Las Vegas, about a hundred and fifty unit chain.
And to me, it was also a lot about culture.
They were incredibly respectful and just so complimentary on what we built, but they had a vision for Wing Zone becoming truly a number two in the category.
category, but a distinctly number two in category behind Wing Stop.
The process was everything from an initial meeting to a true breakdown of our business, some of our successes, some of our challenges, our F D D, meeting with different franchises.
And for us, it was just ultimately a perfect fit.
And the transition, which has gone on during two thousand and twenty one,
Has been really great.
They were very open that they wanted us on board through this year to kind of help with the transition, but ultimately we were not long term employees of the company.
Adam and I still kept an ownership piece.
Showing 361–380 of 487 · page 19 of 25
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