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Become a Franchisee at a Huge Discount with Lucas Root
July 23, 2020
0:26:05
26.13 MB
Downloads: 0
Nuggets:
- Like the real estate market, there are franchise brokers to facilitate deals. But you can also do the legwork by approaching franchise owners yourself. In the midst of pandemic, many of them are likely onsite.
- A typical franchise cost is nominal (somewhere between $20,000 and $50,000). But many franchises, like McDonalds, will not sell to you unless you have a minimum of five years operating costs.
Action Steps:
- Research rent costs for commercial spaces with the best walkability in your area.
- Walk into a prospective franchise location and ask the owner about his or her experience within the franchise.
Follow through on these action steps and email us your results at update@runwithit.fm. You'll get exclusive access to a private Facebook group of action takers and one listener will earn a free mentorship call with our guest, and potentially, a business partnership.
Links:
Lucas Root is the founder of SGIC Consulting which helps clients build and implement a high-performance strategy to achieve the maximum growth potential possible.