PE Profit Ladder Articles
The Franchise Show Interview
The style of this show is very conversational and attendees can ask questions instead of just a one-way broadcast.
Roark/Nothing Bundt Cakes again taps securitization market for $240M bonds
Whole business securitization is now the preferred method for large scale franchise systems to tap the capital markets. This is something discussed at length in my book: Big Money in Franchising. Nothing Bundt Cakes is the latest example. Roark Capital is the most frequent franchise user of WBS across its portfolio. It is an efficient capital planning tool but franchisees need to understand how it works and implications.
Interview / Podcast with 1851 Franchise
Summary transcript & replay of podcast/interview. Alicia Miller, founder of Emergent Growth Advisors has an unusual career path, but has discovered the keys to responsible franchising, and the importance of an "exit mindset" along the way.
Third Party Franchise Sales Disclosures
We can elevate franchising through better disclosures and treating franchise sales like a respected profession, not an occupation.
The Franchise Industry is on the Verge of Massive Change with Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
This article is a follow-up to my short blog post - Entrepreneur asked me to elaborate on the pending Jersey Mike's and Subway acquisitions by private equity. Two iconic brands. Two massive transactions. Company culture in the spotlight as rarely seen in PE deals.
Jersey Mike's May Be Contemplating $8B PE Sale
Today many new brands are launched to quickly “flip” the business to PE. Jersey Mike’s is one of the remaining large-scale, as-yet-unaffiliated brands built in a time when culture came first. In my view, if Cancro is seriously contemplating a PE transaction it is more of a watershed moment in franchising than Subway’s pending sale to Roark.
Why Most Franchises Might Not Attract Private Equity Investment
While PE dominates franchising, some brands are NOT well positioned to attract private equity. If you want to attract a private capital partner but PE isn't knocking, if PE looked and passed, or if you got a lowball offer - hear that market feedback and make changes.
Innovative Financing Technique Gaining Traction in Franchising - And It's a Big Factor in the Potential $9.5B Subway Acquisition
One of the positive changes regarding Private Equity’s use of debt in franchise investments, especially in larger systems, has been a switch from other debt strategies to whole business securitization, which uses the cash flows from franchise royalties to raise more capital. This approach requires franchisors to remain focused on unit health and long-term brand sustainability in order to maintain access capital markets. #bigmoneyinfranchising #franchiseinvesting #privateequity #franchising
Franchise Euphoria Podcast: What Founders & Franchisees Should Consider About Private Equity
In this podcast we talk about private equity in franchising, pros and cons, mistakes, the impact on franchisees and other stakeholders, and how prospective franchisees can use PE techniques to make better franchise purchase decisions. We also talk extensively about emerging brands, things to avoid, and recruiting that first brave franchisee.
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PRIVATE EQUITY’S IMPACT ON FRANCHISING
EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES