Pearle Vision’s Post

Meet Gordon Logan: From Barbershop to Franchise Hall of Fame Familiar with Ray Kroc or Colonel Sanders? Add Gordon Logan to that list. The brains behind Sport Clips, his journey is a testament to unyielding entrepreneurial spirit. From selling newspapers at eight, military piloting to working for Price Waterhouse - he found his calling in entrepreneurship. His introduction to the hair franchise business was challenging, leading to bankruptcy. Undeterred, he established Sport Clips in 1993, a blend of traditional barbershop charm and modern salon glamour. After surviving initial hurdles, Sport Clips gained traction at 50 open locations. Now, it's the only haircare chain across all 50 states with over 1,900 locations. What makes this franchise successful? Strategic decision-making. Focusing on sports-themed concept helped carve a niche in the industry. Key insights? Choose the right franchisees, strive for continuous improvement, grow with the right people. Through war, bankruptcy, fraud, pandemics - Gordon and Sport Clips triumphed. The COVID-19 crisis saw them end 2020 with more stores open than they began with. Gordon's story is a lesson in perseverance and strategic decision-making. His leadership style involves mentoring other entrepreneurs and maintaining humility amidst success. His journey shows that with the right concept, partners, and determination, success is within reach. A lesson I share with clients as a franchise and international trade law attorney, Sport Clips models resilience in franchising. In a nutshell, Gordon Logan's story is about the power of resilience and strategic franchising. A vision, relentless focus, and unwavering faith can foster a thriving franchise. #franchising #franchise

🚨🎙️Joining us in the Franchise QB Coaches Corner today is Marc Magerman, Certified Franchise Consultant, FranServe, Inc. affiliate and owner of Elite Franchise Advisors🎙️🚨 Welcome to a new segment called Coaches Corner.  This is where we highlight Franchise Coaches, the unsung heroes of the franchising space.  They go by coaches, consultants and brokers and they play a vital role in the franchising eco-system.  Similar to buy-side real estate agents, Franchise Coaches guide entrepreneurs through the overwhelming landscape of thousands of franchise opportunities.  They assist with everything from franchise search guidance to FDD interpretation to funding strategy to recommending franchise attorneys for legal reviews and much more.  Many of them offer 100% free services to the franchise buyer and will coach them step-by-step through the due diligence process.  They assist with both franchise start-ups and resale acquisitions.  Let’s meet a Franchise Coach and learn how they are changing lives through franchise ownership. In this episode, host Mike Halpern interviews Marc Magerman, Certified Franchise Consultant with FranServe and President of Elite Franchise Advisors. They discuss Marc's background in multi-unit franchise ownership with Five Guys Burgers and Fries and how he got started in franchising. Marc shares his passion for helping others and his role as a franchise coach, guiding aspiring entrepreneurs through the process of finding the right franchise opportunity. They also discuss the importance of passion and motivation in franchise candidates and the process of matching candidates with the right franchise brand. Marc also shares his involvement in volunteering and community service. #Franchising #Entrepreneurship #FranchiseOpportunities

🚀 Unveiling the Realities of Franchise Success! 💡 In this dynamic 60-second clip from my conversation with Doug Schadle, CEO of Rhino7 Franchise Sales and Development, we dive into the essence of the franchise journey. 🌐 Doug emphatically highlights a common misconception in franchising – the notion that success is instantaneous. 🚫 Year one as a franchise owner, he reveals, is a formidable learning curve, marked by the challenge of scaling a business. But fear not! Beyond this initial hurdle, the landscape transforms into a realm of excitement in year two, and by year three, operations become second nature as the business flourishes. 📈 Franchising isn't a magic wand; it's a partnership. 💼 Doug emphasizes that franchisors seek committed partners who understand the journey's nuances – a far cry from the fallacy that success materializes by merely throwing money at an endeavor. The truth? Building a thriving business takes time, typically 6-24 months, as franchisees evolve into motivated individuals steering their futures. 🌟 They're not just business owners; they're architects of valuable assets they control. 💪 Join us in demystifying the path to franchise success! Full Episode: https://lnkd.in/eM9ZQRVx Schedule an Appointment: https://lnkd.in/ei5YTkMA Call/Text: 786-789-0744

I’ve said before that well-known, established franchises are usually missed opportunities for prospective franchise owners. So where should you look to find franchises with tremendous upside who still have prime territories available? For me and the people I work with, I’ve found the most success with relatively new up-and-coming franchise brands. The key to finding one of these new franchises is to pick one whose founders have a track record of creating successful franchises in the past. Companies with proven systems. Leaders who are battle-hardened in the industry. Companies with outstanding support for their franchisees. And even though it sounds riskier than betting on an established franchise, it’s really not. You’re investing in the founders as much as the business — and when they have a track record of creating successful franchises, and their new concept has a few key elements that I’ve learned to look for in my career, your odds of catching a business on the upswing are in your favor. If you’d like to learn more about franchise ownership — including semi-passive franchise models — I’d be glad to share what I know in a free, no-obligation conversation. #FranchiseConsulting #Entrepreneurship #NewBusinessOpportunities #FranchiseWithBob

I’ve said before that well-known, established franchises are usually missed opportunities for prospective franchise owners. So where should you look to find franchises with tremendous upside who still have prime territories available? For me and the people I work with, I’ve found the most success with relatively new up-and-coming franchise brands. The key to finding one of these new franchises is to pick one whose founders have a track record of creating successful franchises in the past. Companies with proven systems. Leaders who are battle-hardened in the industry. Companies with outstanding support for their franchisees. And even though it sounds riskier than betting on an established franchise, it’s really not. You’re investing in the founders as much as the business — and when they have a track record of creating successful franchises, and their new concept has a few key elements that I’ve learned to look for in my career, your odds of catching a business on the upswing are in your favor. If you’d like to learn more about franchise ownership — including semi-passive franchise models — I’d be glad to share what I know in a free, no-obligation conversation. #FranchiseConsulting #Entrepreneurship #NewBusinessOpportunities #FranchiseWithBob

I’ve said before that well-known, established franchises are usually missed opportunities for prospective franchise owners. So where should you look to find franchises with tremendous upside who still have prime territories available? For me and the people I work with, I’ve found the most success with relatively new up-and-coming franchise brands. The key to finding one of these new franchises is to pick one whose founders have a track record of creating successful franchises in the past. Companies with proven systems. Leaders who are battle-hardened in the industry. Companies with outstanding support for their franchisees. And even though it sounds riskier than betting on an established franchise, it’s really not. You’re investing in the founders as much as the business — and when they have a track record of creating successful franchises, and their new concept has a few key elements that I’ve learned to look for in my career, your odds of catching a business on the upswing are in your favor. If you’d like to learn more about franchise ownership — including semi-passive franchise models — I’d be glad to share what I know in a free, no-obligation conversation. #FranchiseConsulting #Entrepreneurship #NewBusinessOpportunities #FranchiseWithBob

Are franchises a viable path for aspiring acquisition entrepreneurs? In this episode, we speak with Ruth Brown QFP the COO of Home Instead UK and Mahdi Kaz a multi-unit Home Instead franchise owner to learn more. Franchise economics and scalability often come into question when considering franchise ownership. However, the acquisition path is not too dissimilar to any other acquisition. Also, for some franchises you can acquire multiple sites/units and grow geographically. As an owner, you get to acquire a business with an existing (hopefully strong) brand, an existing operational model, and back-office support from the franchisor/head office. Obviously, this comes at a fee which can turn entrepreneurs away. But without that brand power and back-office support, you would need to spend money on marketing and back-office headcount anyway. And once you consider some franchises' operating margins, you could argue that the franchisor's support is a more optimal way to pay for these functions. Finally, the brand and proven business model usually allow for very favourable debt financing terms- which Mahdi speaks to during the episode. We hope you enjoy this episode as much as we did! #buyandbuild #franchise #acquisitions

I’ve said before that well-known, established franchises are usually missed opportunities for prospective franchise owners. So where should you look to find franchises with tremendous upside who still have prime territories available? For me and the people I work with, I’ve found the most success with relatively new up-and-coming franchise brands. The key to finding one of these new franchises is to pick one whose founders have a track record of creating successful franchises in the past. Companies with proven systems. Leaders who are battle-hardened in the industry. Companies with outstanding support for their franchisees. And even though it sounds riskier than betting on an established franchise, it’s really not. You’re investing in the founders as much as the business — and when they have a track record of creating successful franchises, and their new concept has a few key elements that I’ve learned to look for in my career, your odds of catching a business on the upswing are in your favor. If you’d like to learn more about franchise ownership — including semi-passive franchise models — I’d be glad to share what I know in a free, no-obligation conversation. #FranchiseConsulting #Entrepreneurship #NewBusinessOpportunities #FranchiseWithBob

I’ve said before that well-known, established franchises are usually missed opportunities for prospective franchise owners. So where should you look to find franchises with tremendous upside who still have prime territories available? For me and the people I work with, I’ve found the most success with relatively new up-and-coming franchise brands. The key to finding one of these new franchises is to pick one whose founders have a track record of creating successful franchises in the past. Companies with proven systems. Leaders who are battle-hardened in the industry. Companies with outstanding support for their franchisees. And even though it sounds riskier than betting on an established franchise, it’s really not. You’re investing in the founders as much as the business — and when they have a track record of creating successful franchises, and their new concept has a few key elements that I’ve learned to look for in my career, your odds of catching a business on the upswing are in your favor. If you’d like to learn more about franchise ownership — including semi-passive franchise models — I’d be glad to share what I know in a free, no-obligation conversation. #FranchiseConsulting #Entrepreneurship #NewBusinessOpportunities #FranchiseWithBob

I’ve said before that well-known, established franchises are usually missed opportunities for prospective franchise owners. So where should you look to find franchises with tremendous upside who still have prime territories available? For me and the people I work with, I’ve found the most success with relatively new up-and-coming franchise brands. The key to finding one of these new franchises is to pick one whose founders have a track record of creating successful franchises in the past. Companies with proven systems. Leaders who are battle-hardened in the industry. Companies with outstanding support for their franchisees. And even though it sounds riskier than betting on an established franchise, it’s really not. You’re investing in the founders as much as the business — and when they have a track record of creating successful franchises, and their new concept has a few key elements that I’ve learned to look for in my career, your odds of catching a business on the upswing are in your favor. If you’d like to learn more about franchise ownership — including semi-passive franchise models — I’d be glad to share what I know in a free, no-obligation conversation. #FranchiseConsulting #Entrepreneurship #NewBusinessOpportunities #FranchiseWithBob