How to Acquire 25 Franchise Units in 2.5 Years

Jack Foster & Jake McLaughlin raised $2.8m to buy 10 Meineke stores. That equity has taken them further than expected.

Register for the webinars: 

• Offshore Talent vs. AI for Business Buyers - TOMORROW!! - https://bit.ly/4bAIbTj
• Quality of Technology (QoT) Report: Protecting Your Acquisition - Thu, Apr 2 - https://bit.ly/4rUHngL

Topics in Jack and Jake’s interview:

• Childhood friends turned business partners
• Leaving Goldman Sachs, KKR, and Baird for entrepreneurship
• Why they chose the franchise roll-up model
• Consolidating units within the Meineke system
• Applying a first-principles approach to an unfamiliar industry
• Paying royalties as the price of product-market fit
• Technician recruiting advantages of a strong franchise brand
• Why they passed on car washes and quick lube
• The real timeline of the EV threat to auto repair
• Buying real estate and using sale-leasebacks for growth capital

References and how to contact Jack and Jake:

• Jack Foster’s LinkedIn
• Jake McLaughlin’s LinkedIn
• Meineke

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or hello@systemsix.com and mention Acquiring Minds

Download the New CEO’s Guide to Human Resources from Aspen HR:

• From this page or contact jenny@aspenhr.com

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov and produced by Pam Cameron