S1 E11: Using A Low Cost Franchise Strategy To Open 39 Franchises

Early on in his banking career, David Schuck realized he really needed to be his own boss. He picked up a low cost franchise and hasn’t looked back. If you’re unwilling to give up the day job straight away, owning a seasonal franchise like Liberty Tax that’s really only on during tax season, is the way to start. The Wolf and David get into how he picked up his first low cost unit, how he eventually went all in on franchise ownership, and how he scaled by acquiring other franchisee’s businesses. You’ll hear how he still owns 12 Liberty Tax franchises to this day, using them as a stepping stone to open 27 Club Pilates centers, and why he partnered with a private equity firm to fuel his growth. David also shares his long-term vision of building an empire worth $100,000,000. Follow David: LinkedIn: linkedin.com/in/david-schuck-spartanfitnessholdings Check out The Wolf’s newsletter Stay up-to-date on all things Franchise Empires by following The Wolf on Twitter: https://twitter.com/franchisewolf

Om Podcasten

Most startups are doomed to fail. But there’s an alternative route to financial freedom for hungry entrepreneurs. One that involves far less risk, far more work-life balance, and just as much profit. Franchises. Franchise Empires gives aspiring franchise owners the playbook to build a multi-unit franchise empire of their own. Every episode we hear from guests who are building their franchise empire: Franchisees who started with one unit and aren’t stopping until they get to dozens, hundreds, or even thousands more locations. Hosted by The Wolf, you’ll hear exactly how to turn your ambition into tangible actions and take your first steps up the franchise ladder. We’ll break down the steps you need to take open your first franchise, your second location and beyond, along with the many pitfalls to avoid. Wolf answers all your questions about owning and running your franchise, and interviews guests with first hand experience like Greg Flynn, the multi-billion dollar restaurant franchisee, Jamie Weeks, the largest OrangeTheory franchisee in the world who’s launching his own fitness franchise SweatHouz, and Jason McGowan, Co-founder and CEO of Crumbl cookies. Want to get started on your franchise owning journey? Tune in every Tuesday for a new episode. Make sure to subscribe wherever you get your podcasts. Interested in participating as a guest at Franchise Empires? Submit your request here!