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Abigail Summerville Reuters reports on Roark Capital and Primrose Schools. NEW YORK, May 16 (Reuters) - Private equity firm Roark Capital is exploring a sale of Primrose Schools that could value the U.S. education franchise at nearly $2 billion, including debt, people familiar with the matter said on Thursday. Roark has tapped boutique investment bank R. W. Baird to launch a sale process for Atlanta, Georgia-based Primrose, the sources said, requesting anonymity as the discussions are confidential. Primrose, which was acquired by Roark in 2008 and is one of the largest early childhood education franchises in the country, operates more than 500 schools in over 35 states that provide education and care to children and families. The first Primrose school was opened in 1982 in Georgia. Each school is independently owned and operated by franchise operators. In 2024, Primrose expects to generate around $85 million of earnings before interest, taxes, depreciation and amortization (EBITDA) and $120 million of revenue, the sources said, adding that Roark is hoping to command a valuation for the company equivalent to more than 20 times its EBITDA. Baird declined to comment. Primrose and Roark did not immediately respond. Franchise-operated companies typically command high multiples from private equity buyers who like to bet on businesses that generate steady royalty fees. Last month, Blackstone agreed to buy restaurant franchise Tropical Smoothie Cafe for about $1.7 billion. In 2022, private equity firm Sycamore Partners acquired The Goddard School - another early education franchise with over 600 schools - for an undisclosed amount. In 2018, Golden Gate Capital bought early education franchise the The Learning Experience, which has over 350 centers across the U.S. and the U.K. Atlanta, Georgia-based Roark, which has $38 billion in assets under management, owns several franchise businesses across industries, including sandwich chain Subway, fitness chain Orangetheory Fitness and restaurant chain Arby's. https://lnkd.in/eKp-w6As #QSR #Entrepreneur #Restaurants #Franchise #Franchising #FranchiseChat Chainformation Altir Industries, Inc. Franchise Pipeline Franchise Development Outsource Ned Lyerly Joe Caruso Michael (Mike) Webster PhD Anders Hall Jonathan Martin Michael Scherr  

PROPTECH-X Proptech & Property News PROPTECH-PR. A Consultancy for Proptech Founders. The Property Franchise Group (TPFG) partners up with Coadjute | Alto announces new integration with Tappter #startups #Proptech #realestate #digitaltransformation #Property The Property Franchise Group (TPFG) partners up with Coadjute Network I know, yet another piece about one of my clients, but again it is big news and speaking personally great news, as estate agency is still unfortunately until now in the foothills with how it is going to digitally transform its operations. At last we are seeing the clear routemap emerging that will help every single stakeholder who does property, to do it faster, better more efficently and with greater insight. Press Release – London: 11 April 2024: ‘The Property Franchise Group (TPFG) has announced today that at the conclusion of a successful pilot they will be expanding their use of the network with the view to start rolling out nationally with Coadjute, the London-based property technology business. TPFG, the largest franchise estate agency group in the UK, has been piloting the solution across 12 of their branches over the last five months. The rollout will include Coadjute’s digital property data pack capability and smart forms which are designed to help agents meet the latest National Trading Standards Estate and Letting Agency Team (NTSELAT) guidance. Coadjute’s digital data solutions enable estate agents to access a range of data sources at the press of a button. Once the relevant data is sourced, it can then be transposed instantly to a range of property forms including PIQ, BASPI or TA6 and shared with the seller and conveyancer. Over the past five months of the pilot, the solutions have saved the participating TPFG branches 25 minutes per transaction on average, which equates to around 39 working days. TPFG sees it as a key tool in helping their network and consumers speed up transaction times and cut fall-through rates.

Shaquille O'Neal’s journey as an entrepreneur is a fascinating story. Shaq made roughly $292 million on the court as an NBA superstar, but his success as an entrepreneur has garnered him a reported net worth around $500 million. Here’s a dive into Shaq’s diverse investment portfolio: Papa John's: In 2019, Shaq joined the board of directors and invested in nine franchises in Atlanta. He also became the face of the brand, significantly boosting its image. The deal was worth a reported $8 million. Big Chicken: Shaq co-founded Big Chicken. The Louisiana-style fried chicken sandwich chain has quickly gained popularity, with plans to expand nationally. Krispy Kreme: Shaq owns a Krispy Kreme franchise in Atlanta, which he purchased with the aim of revitalizing the Ponce de Leon location after it was subject to arson in 2021. Five Guys: Shaq bought and sold 155 Five Guys franchises. At one point, Shaq owned roughly 10% of all Five Guys locations. Auntie Anne's: Shaq owned 17 Auntie Anne's pretzel franchises, further diversifying his food investment portfolio at the time. His involvement in well-known brands showcases his strategic approach to the food industry. Car Washes: Shaq owns 150 car washes, a venture that may seem unconventional but has proven to be a steady and profitable investment, capitalizing on a consistent consumer need. Health Clubs: Shaq's ownership of 40 24-Hour Fitness clubs demonstrates his interest in promoting health and wellness. These clubs cater to a broad demographic, providing steady revenue. Vegas Nightclubs: Shaq's investment in various Las Vegas nightclubs, including Shaq’s Fun House, combines entertainment with business. These ventures leverage his celebrity status to draw crowds and generate substantial income. Yes, Shaq is also a part time DJ. Real Estate: Shaq has invested in real estate in Orlando and Newark. He owned various residential properties in Orlando and various commercial properties in Newark, contributing to urban revitalization and offering solid returns. Sacramento Kings: Shaq was a minority owner of the Sacramento Kings from 2013 to 2021. This investment not only provided financial returns but also expanded his influence in the sports industry. ______ Shaq was also an early investor in Google, and reportedly had/has sizable stakes in Lyft, Ring, and Vitaminwater, all while owning a movie theatre in Newark. Shaq has also spent time as an NBA broadcaster on TNT, as a reserve officer for multiple police forces, and has appeared as an actor in various shows, such as Curb Your Enthusiasm. ______ Shaq’s approach to business is rooted in creativity, strategic partnerships, and leveraging his personal brand. His hands-on involvement and promotional efforts amplify the success of his investments. A Hall of Fame mindset on the court translated into Hall of Fame success as an entrepreneur. #Sports #SportsBusiness #SportsBiz #LinkedInSports #Entrepreneur

Diversification💼! It's not just a buzzword but a key component in the recipe for strong cash flow growth, especially in the franchise business model. But how and why? We, at FinMag, have delved deep into exploring the dynamics of diversified franchise business models with hands-on insights from an industry leader, Franchise Group, Inc.. Can adopting a diversified approach really lead to robust cash flow growth? It's a question many startups, investors, and entrepreneurs constantly grapple with. In our latest revelation, we feature the titanic success of Franchise Group, Inc. an owner, and operator of franchised businesses with a massive portfolio of brand powerhouses like Pet Supplies Plus and The Vitamin Shoppe. @Brian Kahn, the mastermind behind this success, shares the secret sauce of leveraging diversification to fuel strong cash flow. Don't miss out on this informative piece! It's a must-read for the future leaders💡 of the 'Franchise World'! Check out the full article here ➡️ https://lnkd.in/ebjdfg2R #Franchising #BusinessDiversification #CashFlowGrowth #StartUps #Leadership #FranchiseGroup Do spread the knowledge by sharing this post. Let's keep learning and growing together!

FranShares has a new approach to passive income, letting people invest in franchises for as little as $500 https://ift.tt/H3nkQmS Historically, passive income has been associated with investing in real estate such as rental properties. FranShares is a Chicago-based startup that wants to offer investors another form of passive income: the chance to invest in franchises for as little as $500.  For the unacquainted, a franchisor is a party that owns and licenses a franchise business model such as McDonald’s. A franchisee is a party, often a local businessperson, who buys a license and operates one or more franchise locations. While many people dream of becoming a franchisee, the ability to cough up or borrow enough cash is a massive barrier to entry. Upfront costs for “quality” franchises typically cost a minimum of $100,000 and can run into the millions. The idea behind FranShares’ marketplace is to match franchise operators with investors wanting a piece of a business without having to deal with the headaches and expense involved with owning one. The advantage for franchise operators is the ability to access investment and fund expansion “without the drawbacks of bank loans or private equity,” according to CEO and founder Kenny Rose. Investors gain fractional ownership in franchise locations and the potential to receive excess profits as distributions.  To date, FranShares has built a “community” of about 43,000 investors — nearly half of which are either millennials or Gen Z. The investors overall are a diverse bunch, ranging from retail investors and accredited investors to family offices and private equity looking to diversify their portfolios. These investors have put money in locations for franchises spanning three different industries so far, including food, kids’ fitness and waste management. Specific brands include Teriyaki Madness, Smash My Trash and Hawaiian Bros. FranShares wants to make sure people are protected, so franchisors must disclose financials, executive backgrounds and even litigation, and are regulated by the Federal Trade Commission (FTC). The startup’s offerings are also subject to SEC regulations.  FranShares has raised $4.2 million in seed funding led by Chicago Ventures to grow its business. The Pitch Fund, Litquidity Ventures (Lit Ventures) and Furnished Finder founders Aaron Hashim and Brian Payne also participated in the round. FranShares previously raised $1.57 million in a 2021 pre-seed round.  The opportunity is there. Franchises made about $859 billion in revenue in the U.S. alone in 2023. “I see a future where you’re going to be able to go stand in Jimmy John’s and get served by the owner operator, and then on your way out, you see a QR code you can scan and go invest in their expansion,” Rose said. Opening up access Rose started FranShares in 2020 after having worked with over 600 franchise brands in more than 100 industries. He was a franchise consultant for three years before starting Sem...

https://lnkd.in/ghG574C9 The success of a franchise venture heavily depends on how well its franchise culture aligns with the investor’s values and goals. #franchise #franchiseopportunities #entrepreneur #beyourownboss #smallbusiness #startup #success #opportunity

In the labyrinthine realm of commerce, one often encounters a phenomenon that masquerades as a ‘real’ business—the franchise. Yet, beneath the veneer of familiarity lies a complex structure that blurs the lines of authentic entrepreneurship. Contrary to the perceived notion, a franchise is a meticulously crafted illusion of self-made ventures, a meticulously staged performance where autonomy is stifled by the strings of a larger puppeteer. At first glance, a franchise mirrors the appearance of a traditional business. It dons the façade of local ownership, beckoning with familiar logos and catchy slogans. Yet, delving into the depths of its mechanics, one begins to unravel the layers that distinguish it from a genuinely independent enterprise. The franchise, though bearing the trappings of entrepreneurship, is, at its core, a replica of a brand’s preordained blueprint. While the franchise’s allure might rest in the perceived security of a recognized brand, it is this very security that breeds stagnation. The franchisee is confined to a gilded cage of pre-set norms, unable to experiment, innovate, or infuse their enterprise with the vibrancy that defines genuine businesses. The franchisee’s aspiration to build an authentic legacy is compromised, as the architecture of the franchise is built upon replication, not evolution. In the realm of authentic businesses, innovation is the heartbeat, experimentation the pulse. A true entrepreneur thrives by navigating the tide of uncertainty, adapting to shifts in the market, and embracing the evolution of their vision. The franchise, by its inherent nature, bypasses these elements, choosing predictability over innovation, uniformity over originality.

In the labyrinthine realm of commerce, one often encounters a phenomenon that masquerades as a ‘real’ business—the franchise. Yet, beneath the veneer of familiarity lies a complex structure that blurs the lines of authentic entrepreneurship. Contrary to the perceived notion, a franchise is a meticulously crafted illusion of self-made ventures, a meticulously staged performance where autonomy is stifled by the strings of a larger puppeteer. At first glance, a franchise mirrors the appearance of a traditional business. It dons the façade of local ownership, beckoning with familiar logos and catchy slogans. Yet, delving into the depths of its mechanics, one begins to unravel the layers that distinguish it from a genuinely independent enterprise. The franchise, though bearing the trappings of entrepreneurship, is, at its core, a replica of a brand’s preordained blueprint. While the franchise’s allure might rest in the perceived security of a recognized brand, it is this very security that breeds stagnation. The franchisee is confined to a gilded cage of pre-set norms, unable to experiment, innovate, or infuse their enterprise with the vibrancy that defines genuine businesses. The franchisee’s aspiration to build an authentic legacy is compromised, as the architecture of the franchise is built upon replication, not evolution. In the realm of authentic businesses, innovation is the heartbeat, experimentation the pulse. A true entrepreneur thrives by navigating the tide of uncertainty, adapting to shifts in the market, and embracing the evolution of their vision. The franchise, by its inherent nature, bypasses these elements, choosing predictability over innovation, uniformity over originality.

In the labyrinthine realm of commerce, one often encounters a phenomenon that masquerades as a ‘real’ business—the franchise. Yet, beneath the veneer of familiarity lies a complex structure that blurs the lines of authentic entrepreneurship. Contrary to the perceived notion, a franchise is a meticulously crafted illusion of self-made ventures, a meticulously staged performance where autonomy is stifled by the strings of a larger puppeteer. At first glance, a franchise mirrors the appearance of a traditional business. It dons the façade of local ownership, beckoning with familiar logos and catchy slogans. Yet, delving into the depths of its mechanics, one begins to unravel the layers that distinguish it from a genuinely independent enterprise. The franchise, though bearing the trappings of entrepreneurship, is, at its core, a replica of a brand’s preordained blueprint. While the franchise’s allure might rest in the perceived security of a recognized brand, it is this very security that breeds stagnation. The franchisee is confined to a gilded cage of pre-set norms, unable to experiment, innovate, or infuse their enterprise with the vibrancy that defines genuine businesses. The franchisee’s aspiration to build an authentic legacy is compromised, as the architecture of the franchise is built upon replication, not evolution. In the realm of authentic businesses, innovation is the heartbeat, experimentation the pulse. A true entrepreneur thrives by navigating the tide of uncertainty, adapting to shifts in the market, and embracing the evolution of their vision. The franchise, by its inherent nature, bypasses these elements, choosing predictability over innovation, uniformity over originality.

From AllTopStartups: The Ultimate Guide to Finding Profitable Franchise Opportunities ------------------------------- Franchises offer higher returns on investment than independent businesses. They also have brand awareness and a proven business model. However, they don’t come without risk. You can reduce the risks… The post The Ultimate Guide to Finding Profitable Franchise Opportunities appeared first on AllTopStartups . #entrepreneur #startups #learnbusiness #techstartups #marketingtips #emailmarketing #businesstools #marketingstrategy #businessowner #startupbusiness #startuplife