Bill Gallagher walks through franchising basics: typical franchisees make $2M to $4M in revenue. Talk to existing franchisees before you buy. And ignore the hype about scooping up retiring boomer businesses—it takes the right location and timing.
Average franchisee does 2 million in revenue, 4 million in revenue. It's easy, easy way to put a business plan together. And then you add in talking to successful franchisees about what they're seeing. It's easy to figure out if it's something you want to be involved with or not. So it's not that mysterious of a process. Now, Bill, the negative is there are all kinds of people out there and all the gurus all over YouTube and social media telling you all of these baby boomers are retiring. Buy their business. Yeah. Good luck. I have guys smart as can be looking five years, 10 years for those businesses. They can't find them. You'll find them. But you got to be in the right geography at the right time to find those types of businesses at your terms. That's the other thing. Do a franchise.
