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Guest-5ty5s4
Guest
Lol my title is very click-baity but hear me out:
I know the common idea here is not to buy a franchise. But what about multiple units of the same franchise?
I read a story about the top 10 richest homeowners in some section of Florida (it may have been Palm Beach or something - I found the article because Ben Mallah lived on this street in his massive mansion - who is worth $250 million+).
One of the guys with a beachfront mega mansion on that street was a Subway franchisee with 50+ Subway franchises who also developed and owned commercial real estate.
So he started with 1 Subway store and then he had 2, and then he built a commercial building where his 3rd store was located (leasing from his building) then repeat ad nauseum.
Pretty genius.
Here is the link profiling the owners of the most expensive homes bought in Florida in 2019: Here are the 25 most expensive Tampa Bay homes sold in 2019
I Googled each person and that's when I discovered the guy who basically owns a bunch of Subway franchises! Incredible. There's really nothing stopping you from getting started.
Other notable person on the list sold a software/IT company he founded.
Heck, one of the sellers owns (owned?) a Title Company. Pretty mundane if you ask me.
Check this guy out:
I know the common idea here is not to buy a franchise. But what about multiple units of the same franchise?
I read a story about the top 10 richest homeowners in some section of Florida (it may have been Palm Beach or something - I found the article because Ben Mallah lived on this street in his massive mansion - who is worth $250 million+).
One of the guys with a beachfront mega mansion on that street was a Subway franchisee with 50+ Subway franchises who also developed and owned commercial real estate.
So he started with 1 Subway store and then he had 2, and then he built a commercial building where his 3rd store was located (leasing from his building) then repeat ad nauseum.
Pretty genius.
Here is the link profiling the owners of the most expensive homes bought in Florida in 2019: Here are the 25 most expensive Tampa Bay homes sold in 2019
I Googled each person and that's when I discovered the guy who basically owns a bunch of Subway franchises! Incredible. There's really nothing stopping you from getting started.
Other notable person on the list sold a software/IT company he founded.
Heck, one of the sellers owns (owned?) a Title Company. Pretty mundane if you ask me.
Check this guy out:
Entrepreneur turns one gas station into 1,100 restaurants in 22 states
The most interesting kind of entrepreneur, and perhaps underappreciated, is the...
www.houstonchronicle.com
Entrepreneur Shoukat Dhanani Runs One Of America's Largest Private Businesses -- Very, Very Quietly
Entrepreneur Shoukat Dhanani has built a giant family business in franchised restaurants (Burger King, Popeyes) and convenience stores without any outside investors.
www.forbes.com
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