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In this episode, we'll learn who runs these franchises and how they operate. We will see the most significant pain point regarding the customer base in this kind of business.
In addition, our hosts will offer some advice on how to run this type of business efficiently after discussing the revenue splitting among the stores and the possible tradeoffs & advice on how to get started and pick the best franchise.
Thanks to our sponsor!
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You can contact Heather Endresen, Director & Founder at firstname.lastname@example.org. Mention this podcast in the subject line and ask her about office hours to get in touch.
*Live Oak Bank is the #1 SBA 7(A) Lender. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2021.
(00:00) - Introduction
(00:38) - Our Sponsor is Live Oak Bank
(02:14) - Quick catch-up with Michael and Bill
(04:39) - Deal & financials: 6 Cricket Franchise Cell Phone Stores
(05:54) - Who runs these franchises? How are these operations usually run?
(07:27) - How is the revenue split among the stores?
(14:46) - How is this service distinct from prepaid services?
(16:28) - What seems to be the main pain point regarding the customer base?
(20:24) - What's happening with the Amazon third-party delivery staff?
(23:13) - Is there a bull case for this deal? What is the trade-off?
(24:13) - Would it be better if we closed other stores?
(24:44) - How much of a moat does this business have? How easy is it to open a Cricket Franchise?
(30:21) - How to pick the right franchise? Who are franchises meant for?
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