Jon talks to Brian Beers about his Midas Franchise Acquisitions
00:00 Intro Now 30
00:45 How he got into franchise business
03:13 How he operates above the business
04:38 What are the Average Sales of a Midas Franchise
06:19 Salaries in a Midas Franchise
06:49 What are Midas Franchise Fees?
07:39 Do you own real estate?
08:40 What is multiple of Midas Franchise?
10:20 How to fix a money losing Franchise
11:50 Why is it always the management
12:04 What are economics of well run franchise
14:20 How does he finds a Midas Acquisition
18:08 How does he finance and negotiate his acquisitions
22:31 Does he have a growth acquisition goal – constraints
25:00 Holding Co example Head Office Roles
26:30 30 Midas Holding Co. Multiples
27:54 Working with his brother
28:44 Board of Directors – (Dad)
29:52 Any acquisitions outside Midas?
32:58 Is the 10% franchise fee worth it?
34:34 How do the Franchise Market Dev Funds work?
35:09 What marketing works best for a Midas shop?
37:40 What if the demographics change for Midas location?
39:15 Any trends with EVs?
44:28 What is hardest part to integrate a new Midas Acquisition – Culture
46:46 Career path for managers?
48:22 Does he like/dislike turnarounds – acquiring distressed franchises
49:33 Can he add new products to Midas services – or Process Innovation
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Top M&A Entrepreneurs Podcast is where we talk to acquisition entrepreneurs active today to ask them about their process, where and how they source their deals, their journey, what they had to overcome, obstacles, Industries they work in, how they analyze deals, valuations and pricing, negotiating the deal, due diligence, transition planning and closing. Our guests have acquired over 500 businesses and over $53 Billion in Value!
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