
Each year, 1851 Franchise does a roundup of the most influential and successful women in the franchising industry. In this installment, we speak with Alicia Miller, founder and managing director of Emergent Growth Advisors.

Big Money in Franchising: Scaling Your Enterprise in the Era of Private Equity achieved #1 Best Seller status in the Business Franchise category, only two days after officially launching on Amazon. #bigmoneyinfranchising #franchising #privateequity #peprofitladder

Alicia Miller, an author, joins the podcast to walk us through insights about private equity in franchising (at both the franchisor and franchisee level). Alicia has analyzed private equity’s extensive involvement in franchising and offers a candid under-the-hood perspective that hasn’t been very public before. Alicia has deep ties within the private equity and franchising world. She’s also just released a book that covers this very topic called “Big Money in Franchising: Scaling Your Enterprise in the Era of Private Equity.” This episode is packed with nuggets and takeaways anyone involved in (or considering getting involved in) franchising can benefit from.

Join us in this captivating interview with Alicia Miller, the brilliant mind behind Emergent Growth Advisors, as she uncovers the dynamic world where franchising meets private equity! As a former multi-unit franchisee turned Managing Director, Alicia brings unparalleled expertise to the table. Discover her journey, motivation behind writing a book, and invaluable insights into the intricate realms of ground-up franchise development versus acquisition strategies. In this enlightening conversation, Alicia delves into her current endeavors with private equity funds and franchise brands, shedding light on distinguishing franchise investment strategies and the pivotal role of boards in shaping franchise brands. Reflecting on her rich experiences, Alicia offers nuggets of wisdom and indispensable advice, underlining the significance of advisory boards and independent associations in navigating the ever-evolving franchising landscape.

Alicia Miller was named to SEOSamba's Top 100 Franchise Influencer list for her passion for the franchise sector and relentless pursuit of excellence in franchising.

Mark Twain is reported to have said, "During a gold rush, its a good time to be in the pick and shovel business." Home services is probably the biggest gold rush in US franchising at the moment. This week Roark-backed ServiceMaster announced that it struck a multi-year agreement with Ace Hardware. ServiceMaster franchisees can now buy equipment and supplies through Ace. This one is interesting because Ace outlets are locally owned and the company itself is a cooperative. Ace has made acquisitions including the Handyman Matters franchise in 2019 and a portfolio of HVAC companies in 2023. There is also private equity activity at the unit level. For example, JPB Partners owns a number of stores and consolidated additional units last year. Could this be a "try before you buy" opportunity for the Ace co-op to see what it's like to work with Roark? Will this prompt other home services franchise platforms to get more aggressive around supply chain initiatives? #bigmoneyinfranchising #franchising #privateequity

Orangetheory and Self Esteem Brands - both already backed by Roark Capital - announced their intent to merge. Once the deal closes, this will create one of the largest fitness and wellness platforms, with a combined $3.5 billion in systemwide sales, and 7,000 locations across 50 countries. It is a potential set-up to take the larger platform public, possibly in 2025. #bigmoneyinfranchising #franchising #privateequity #mergersandacquisitions #peprofitladder

This panel discussion talks about the future of franchising and current trends, including legal aspects related to third party sellers, joint employer, lender and underwriting guidelines, the impact of private equity and other topics. The panel also talks about which sectors of franchising are growing fastest and what franchise candidates are looking for. The webinar includes a detailed transcript. Registration on the McDonald Hopkins site is required to view the webinar.

Franchising came of age before private equity even existed as an industry. But eventually a confluence of factors conspired to make franchising suddenly both attractive and visible to PE dealmakers looking for new ideas. The following is an excerpt from the upcoming book, Big Money in Franchising: Scaling Your Enterprise in the Era of Private Equity #bigmoneyinfranchising #franchising #privateequity #peprofitladder
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EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES