How to Build a Portfolio of 20 Franchise Locations
Michael Horowitz was looking to buy an independent business when a different path opened up. Today he owns 20 Wingstops. Topics in Michael’s interview:Pros and cons of searching within franchisesWhy Michael was attracted to QSR’s (quick service restaurants)Buying 7 Wingstop locations in OhioWriting an operating agreement for 3 co-ownersDevelopment agreements with franchisesOperating QSR’s during CovidOpening and closing a ghost kitchenDaily operations of owning 20 Wingstop locationsMotivating hourly restaurant employees Michael’s advice for searchers considering QSR’sLinks and how to contact Michael:LinkedInTwitterMichael Horowitz on Franchise EmpiresConnect with A-players who can run your business remotely:More StaffingGet a complementary pre-acquisition HR & PEO review for your target business:Contact mark@aspenhr.com or visit Aspen HRConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter