I heard Roark Capital, a private equity firm, bought them out. Do you think this will hurt franchisee profitability and lead to unhappy franchisees like what happened at massage envy ?
The founders were incredibly picky and diligent about who they'd sell to and were very involved after the sale. I have no doubt it's in good hands, and so far that's been proven to be the case. I don't believe, I might be wrong, that there has been a store close since the start, it's truly a well structured and stable business from the ground up!
Thanks for the info and breakdown!!! 👍
I’m thinking of getting more information for this franchise. I’m interested in opening one.
Solid franchise. Definitely speak to some existing franchisees about their experience with the brand
Did you end up investing into the franchise?
I heard Roark Capital, a private equity firm, bought them out. Do you think this will hurt franchisee profitability and lead to unhappy franchisees like what happened at massage envy ?
I think multiunit operators will continue to thrive.
Not sure for single unit operators
The founders were incredibly picky and diligent about who they'd sell to and were very involved after the sale. I have no doubt it's in good hands, and so far that's been proven to be the case. I don't believe, I might be wrong, that there has been a store close since the start, it's truly a well structured and stable business from the ground up!
So how much do I need to have in my bank account to start one? $150,000 or between $400,000-$600,000 ? Thanks
$150,000 cash then you can get a loan for the rest.
So all I need to start is to be rich to begin with. Great.
Sadly yes. Some franchises like Domino's and Chick-Fil-A allow a minimal investment for current employees