PE Profit Ladder Articles
Entrepreneurship by Acquisition
Entrepreneurship by acquisition (ETA) is a growing trend we're also seeing in franchising. More independent sponsors (usually young post-grads looking for franchisor businesses to buy) are raising money and looking for acquisition opportunities. They are active in the franchise sector. Emerging brands that are still too small to attract traditional private equity are good candidates for this type of partner. More universities are (thankfully) teaching about entrepreneurship by acquisition...and even writing case studies about ETA in franchising...Professor AJ Wasserstein at Yale School of Management is one example. I'm encouraged to see more and more universities teaching both franchising and ETA.
Franchise Hot Seat Podcast with Dr. John Hayes
The Franchise Hot Seat Podcast with Dr. John Hayes is presented by the Titus Center for Franchising at Palm Beach Atlantic University. In this episode we discuss how private equity moves franchise brands forward, which players are investing in the franchise sector, and how founders and franchisees can reach their objectives in franchising now that PE is a dominant force.
M&A Slow Down - Use This Time to Prepare
2024 has been slower for franchise M&A deals, but a few transactions are getting done. A panel of franchise experts discusses what they're seeing and when deal flow will return.
Small Biz Chat with Melinda Emerson "The Small Biz Lady"
We discuss key aspects of franchising a business. It's more lucrative than you think, but you need the right strategy! This webinar/podcast is geared to first time entrepreneurs who are thinking about franchising their concept, as well as prospective franchisees who are researching franchise opportunities. We also cover how private equity has changed the franchise landscape.
How to Build and Grow a Franchise System that You Can Sell to Private Equity
What does it take to build a franchise business that will attract a private equity buyer? What should you do right now? Over the next 12, 24, 36 months to get ready? Begin with the end in mind. What does it takes to really scale a franchise system? How do you position your brand right out of the gate?
Carl's Jr. & Hardee's to Separate
It appears that after years of attempting to reboot both brands, the split of Hardee's and Carl's Jr. will hopefully create more focused marketing to drive traffic. It also makes it easier to sell each brand or transfer one of them to one of Roark's portfolio companies should Roark wish to do so. For more, see the CKE Restaurants case study in my book: Big Money in Franchising (available on Amazon).
Franchise Woman - Interview Part 2
Part 2 of our conversation between a franchise attorney, a behavioral scientist with expertise in franchisee performance, and a private equity advisor. We go deep strategically as well as psychologically to help founders prepare mentally for each transition. We discuss the importance for entrepreneurs to keep the end in mind and how to position the company for private equity. We also address the changes and challenges a franchise concept and its franchisees will experience in systems, culture, and initiatives with each sponsor change. Join Alicia Miller, Rebecca Monet, CEO & Chief Scientist at Zorakle Profiles, and Bruce McFarlane, franchise attorney, franchisee and investor in this lively and insightful conversation.
Emerging Franchise Brands Podcast With Frank Fiume
"You will never see franchising the same way again!" In an insightful episode of Emerging Franchise Brands, Frank Fiume sits down with Alicia Miller, the author of “Big Money in Franchising,” to unravel the complexities of franchise investments and the profound impact of private equity on the industry. This conversation sheds light on the critical aspects of investing in a franchise, highlighting the opportunities and risks involved. Her insights are particularly valuable for franchisees and franchisors navigating the investment landscape. The discussion delves into the strategic maneuvers and financial intricacies that private equity brings to the franchising sector, including the often overlooked implications for franchisees.
51 Labs Interview: PE & Franchising
An engaging interview where we cover a wide range of topics: - The Differences Between Private Equity Buyers - Career Opportunities in Franchising Because of PE Activity - Challenges and Complexities of Turnarounds in Franchising - Pros/Cons of Working With PE
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PRIVATE EQUITY’S IMPACT ON FRANCHISING
EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES