Nick Friedman

And if something is really high... earning potential doesn't take a lot of effort that's a no-brainer and I'll give you an example something we did was or we're doing now long distance moving you know we just we've got the trucks we've got the labor we've got the network now with 200 locations we can start offering that and leveraging our network

And if something is really high... earning potential doesn't take a lot of effort that's a no-brainer and I'll give you an example something we did was or we're doing now long distance moving you know we just we've got the trucks we've got the labor we've got the network now with 200 locations we can start offering that and leveraging our network

or we started an accounting service, bookkeeping service for our franchise owners that works so well, we're going to offer it to other franchise systems as well because we already got that set up. It's something we're doing internally as an internal service.

or we started an accounting service, bookkeeping service for our franchise owners that works so well, we're going to offer it to other franchise systems as well because we already got that set up. It's something we're doing internally as an internal service.

It's a no-brainer for us to use AI and offshore DAs to be able to offer it to franchise systems to have clear, transparent books and accounting. But then there's stuff that might be a little bit more far-reaching. truck manufacturing or truck sales. I don't know the first thing about truck sales aside from when we buy them and trying to negotiate a good rate and a good rebate.

It's a no-brainer for us to use AI and offshore DAs to be able to offer it to franchise systems to have clear, transparent books and accounting. But then there's stuff that might be a little bit more far-reaching. truck manufacturing or truck sales. I don't know the first thing about truck sales aside from when we buy them and trying to negotiate a good rate and a good rebate.

So to your point, having a quarterback, if we were to go down that route, we'd have to find somebody who understands truck fleet management. That could be our quarterback or CEO of our trucking division that could help us source inventory, floor plan and sell and or lease them to our franchisees. So that's something that we've thought about, talked about.

So to your point, having a quarterback, if we were to go down that route, we'd have to find somebody who understands truck fleet management. That could be our quarterback or CEO of our trucking division that could help us source inventory, floor plan and sell and or lease them to our franchisees. So that's something that we've thought about, talked about.

It's on the vision roadmap, but we haven't pursued it yet just because we've got kind of the lower hanging fruit in front of us. So I think that's the way to approach, you know, when you've got these different opportunities that present themselves, make some small bets.

It's on the vision roadmap, but we haven't pursued it yet just because we've got kind of the lower hanging fruit in front of us. So I think that's the way to approach, you know, when you've got these different opportunities that present themselves, make some small bets.

And then if it's something that's going to take a heavy lift, you've got to have somebody that's going to do it or it's going to distract you or your team from your core that's already working.

And then if it's something that's going to take a heavy lift, you've got to have somebody that's going to do it or it's going to distract you or your team from your core that's already working.

Also, yes. The goalpost always moves. But I will say we took some chips off the table. We did a minority private equity transaction shortly after COVID. And the reason for that was, you know, COVID was such a wake up call for me. I had 99 percent of my net worth in one asset, which is our main business.

Also, yes. The goalpost always moves. But I will say we took some chips off the table. We did a minority private equity transaction shortly after COVID. And the reason for that was, you know, COVID was such a wake up call for me. I had 99 percent of my net worth in one asset, which is our main business.

And I was like, man, if something, a Black Swan event like this happens again, it could wipe out everything I've worked for. So let me de-risk, take some money out of the business, bring in an institutional partner that can help give us some infrastructure to help prepare us for the future exit.

And I was like, man, if something, a Black Swan event like this happens again, it could wipe out everything I've worked for. So let me de-risk, take some money out of the business, bring in an institutional partner that can help give us some infrastructure to help prepare us for the future exit.

And just quick side note, the guys that invested with us is these three self-made billionaires that are actually the largest shareholders of TikTok. Oh, OK. Here in the U.S. These three dudes up in Philadelphia, I think their net worth went from five billion to 50 billion as a result of their TikTok investment. But anyway, so whatever they're invested in college hunks is a rounding year for them.

And just quick side note, the guys that invested with us is these three self-made billionaires that are actually the largest shareholders of TikTok. Oh, OK. Here in the U.S. These three dudes up in Philadelphia, I think their net worth went from five billion to 50 billion as a result of their TikTok investment. But anyway, so whatever they're invested in college hunks is a rounding year for them.

So they're not too worried about how quickly we exit. So which is a nice partner to have from a minority standpoint, because they're not pushing us for. for an exit anytime, you know, it's our timeline, not theirs. But I do think at some point, we'll look to recapitalize the business. You know, as I approach, I'm in my early 40s.

So they're not too worried about how quickly we exit. So which is a nice partner to have from a minority standpoint, because they're not pushing us for. for an exit anytime, you know, it's our timeline, not theirs. But I do think at some point, we'll look to recapitalize the business. You know, as I approach, I'm in my early 40s.