32 min listen
Franchising Opportunities -- Patrick Elsner #5867
Franchising Opportunities -- Patrick Elsner #5867
ratings:
Length:
15 minutes
Released:
Aug 3, 2023
Format:
Podcast episode
Description
Kerry Lutz and Patrick Elsner discussed the potential of investing in franchise opportunities and the benefits of technology for franchise brands. They also talked about the startup costs for a Massage Envy franchise and the differences between medicinal and spa-like environments for massage franchises. Additionally, Elsner shared insights on franchise financing and success stories, highlighting that while financing can be costlier due to interest rate spikes, self-funding is common among high-level executives. He emphasized the importance of finding the right franchise to mitigate risk and shared a success story of a former Bank of America executive who now owns a successful restoration franchise. Elsner also discussed the typical return and net margins for franchises, which can be profitable with net margins of 75-80% for non-retail concepts, but can take upwards of a year to turn profitable for retail-based concepts. Visit Patrick at: https://franinside.com Visit FSN at: https://FinancialSurvivalNetwork.com
Released:
Aug 3, 2023
Format:
Podcast episode
Titles in the series (100)
Andy Schectman's Latest Warning #5783: Summary: The central banks are suppressing gold and silver prices to accumulate physical assets, while the drawdown of supply by the big money is causing a shortage. This is causing people to move away from regional banks and into commercial banks,... by Kerry Lutz's--Financial Survival Network