Franchise Masters
Imagine having access to people who have used franchising to create more freedom and opportunity in their lives. Now, imagine talking to them in an honest and raw way, learning their secrets to success. That’s what the Franchise Masters podcast delivers. Whether you’re a first-time business owner who’s curious whether or not there’s a franchise out there that’s the right fit. Or, maybe you’re a current franchise owner looking to scale your franchise to next the next level. In either case, you’re going to get actionable insights from real people using franchising to create something special. For instance, you’re going hear stories about first-time business owners who left the corporate world to build franchise empires. You’ll also hear from first movers in emerging brands who have experienced tremendous success. On top of that, seasoned entrepreneurs who have scaled businesses that will blow your mind will share their story. You can also get the scoop from the founders of leading franchise brands and see how they’ve built (and are building) their franchise system. Leading franchise attorneys, funding specialists, accountants, and other advisors who play a key role in finding success are also interviewed on Franchise Masters. Experts pull back the curtain on everything franchising – how to buy the right franchise, how to research the top emerging franchises in the country, how to fund franchises, how to scale and grow franchises, how to sell franchises (as in cash out), how to franchise a business, and more. Guests address common franchising myths and preconceived notions that deter most people from jumping into this venture. Arm yourself with genuine and factual business advice to scratch your entrepreneurial itch. Host Dru Carpenito is a franchise expert who takes you on various journeys throughout this industry. Dru discovered his knack for franchising straight out of school when he accidentally fell in love with franchising. During his first real job out of college, Dru helped a young emerging franchise grow across the country where he learned everything about franchising. From there, he went on to work for an international education franchise, which he helped expand to 14 different countries. After a good run on the corporate side of franchising, Dru walked away to pursue his true passion – helping aspiring entrepreneurs navigate the franchise journey by finding the right franchise to get into. Join Dru in this journey and tap into your entrepreneurial spirit. Listen to Franchise Masters today at https://drucarpenito.com/.
Episodes
Tyler Seman shares how he transitioned from the world of finance and private equity-backed consolidator to building a mission-driven senior care business. Joining Dru Carpenito, he looks back on how this path took him through Entrepreneurship through Acquisition (ETA) before ultimately launching a Hallmark Homecare franchise. Tyler also gets candid about why he chose...
In this episode of Franchise Masters, Dru Carpenito chats with a dynamic entrepreneur who owns and operates nine Crumbl franchise locations. Get ready for a deep dive into the rollercoaster journey of scaling a high-growth, fast-paced franchise in the booming cookie industry.
Lessons From Scaling A $30M+ Home Service Business And Exiting To A Roll-Up Buyer With Ron Weatherly
What does it take to scale a $30M+ home service business? Ron Weatherly shares his journey and lessons learned from scaling his foundation repair and crawlspace encapsulation company and exiting to a private-equity-backed company rolling up operators. This candid conversation delves into the str...
Connor Groce is a multi-brand, multi-unit franchisee in his twenties running a multimillion-dollar operation and gives us the goods on how he saves $100K+ per year by outsourcing his back office to offshore talent (e.g. HR, AR/AP, bookkeeping, marketing, etc.) We get into why he believes it’s more effective to do it this way (besides saving a ton of money). Connor walks us through his systems, software he uses, checks and balances,...
The dream of franchise ownership is freedom and financial success. But how do you turn a single home service franchise location into an eight-figure powerhouse? It takes strategic planning, operational excellence, and leveraging the power of the franchise system. In this episode, Caleb Brunz shares his story and journey of scaling his Paul Davis Restoration franchise into a monster business. Caleb opens the kimono on what it took t...
Adam Wasch, Founding Partner of The Franchise Firm, shares insights any emerging franchise company and franchise buyer should hear. Adam has extensive experience advising franchisors and new franchisees on the legal ins and outs to be aware of. He covers a lot in this episode.
One of the surprising elements of a successful franchise system is the power of the franchisee community. In this episode, Tim Morris shares secrets about tapping into the collective mindshare of franchisees to develop high-performing franchise owners. Tim has spent many years helping franchise brands grow throughout the world. He’s an expert in franchising and a skillful facilitator. Tim offers so many insights in this episode. So...
Ryan Muhlbauer got into the pet boom before it was booming. He opened his first Dogtopia in 2017 and has since grown to a second location. Interestingly, he owns the real estate on his second Dogtopia location. Ryan talks with us about how he pulled off owning the dirt and why owning the real estate is an important part of his scaling strategy. He also shares secrets he’s used to scale his multi-unit operation including how impleme...
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 ver...
Cole Simpson launched his Mighty Dog Roofing franchise and started cranking from day one. His company and team signed close to $1M in revenue during his first three months and planned to do $3M this year (his company’s first full calendar year in business). In the long term,...
Mathis Young left the banking world in 2008 to launch his Aussie Pet Mobile franchise. He had no experience grooming dogs. He didn’t know the financial crisis was about to paralyze the world’s banking system and economy. But he didn’t really care. Perseverance and ambition pushed him forward. Today, he’s scaled his business to 24 mobile grooming vans on the road. He’s built his own training center for groomers and has a management ...
When Scott Tobin joined one of the early Burn Boot Camp locations as a trainer, he never dreamed that one day he would own 12 locations. Scott joins Dru Carpenito to walk us through his journey and how he has built a fitness empire with over 4,000 members and 200 employees. He also shares how he plans to grow to 20 locations. Through the highs of adding more locations u...
Connor Groce is a multi-brand multi-unit franchise owner with Smash My Trash and Shine, who is growing through acquisition with plans to roll up franchises.
Connor takes us through his journey starting his first franchise while still an undergrad at UNC during COVID, building it to a manager-run level, moving halfway across the country to acquire his first Smash My Trash unit, and how he’s growing through acquisition via roll...
The Wolf of Franchises joins Dru Carpenito, and they get real and raw about the realities of what it takes to succeed as both a franchisee and franchisor.
What does semi-absentee really mean, and what do prospective franchise owners need to beware of when they hear this word?
Why do the minority of franchisors share profitability metrics in their Item 19?
Why do only the small majority of franchise systems successfu...
If you’re an emerging franchise brand trying to figure out how to find high-quality franchise owners, this episode is for you.
Dru is joined by long-time franchise insider, Andrew Horton. Andrew and Dru dive into 20+ years of experience in the emerging franchise development world. They share a number of different approaches emerging franchises have used to find the right franchise owners.
From recruiting franchise owner...
Jasmine and Xan Carr got an early look at KidStrong before it skyrocketed and sold 400 units. Interestingly, when they heard about it, the KidStrong business model was being prototyped and hadn’t been franchised yet. They knew it was unique and special. When KidStrong began expanding through franchising, they eagerly joined as Area Developers. They left their W2 jobs, moved their young family to Louisiana, and started building thei...
Masterminds are the rocket fuel for entrepreneurial success. Welcome to an enlightening exploration of the dynamic world of mastermind groups, where we uncover the extraordinary potential they hold for catapulting your entrepreneurial journey to unparalleled heights. In this episode, we are privileged to be joined by Kurt Graves, an accomplished Vistage Chair who presid...
Success in youth sports isn't just about scoring goals; it's about finding the right team, nurturing passion, and creating champions in life. Join us as Brittany Bennett takes us through her journey of building a multi-unit, multi-brand empire under the Youth Athletes United franchise platform. Brittany shares her and her husband’s story, from their humble beginnings as personal trainers striving to make ends meet to becoming a dyn...
When is it time to transition out of the game and focus on being a franchisee or even further your growth as a franchisor? During this episode, we take a deep dive into all things exit strategy with Brian Alas, Managing Director at Boxwood Partners. Boxwood is a mid-market mergers and acquisition firm with a keen focus on franchising. ...
Jay Palmer is a 14-unit franchisee of Floyd’s 99 Barbershop with locations across multiple non-contiguous states. During this episode, Jay takes us through his journey of how a chance encounter on a bike in Colorado led him to become a franchisee in 2006. Right now, he runs a multi-unit-multi-state operation with locations in Colorado and Kentucky managed by 250 employees. He shares some great advice around scaling multi-units, fun...
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