How to Buy Franchise Businesses, Then Sell to PE

December 26, 2024
Listen in Apple Podcasts appListen in SpotifyListen in Apple Podcasts appListen in SpotifyRSS address of the Acquiring Minds podcast feed
T

oday's guest had for years entertained the notion of one day becoming a business owner.

Well in her early 40s, with a toddler at home and traveling too much for her corporate job, Alicia Miller decided the timing was finally right.

This was 2013, and franchising was the most obvious path. (Probably still is for most people.)

But Alicia, without the benefit of the books or the pods or the general awareness of entrepreneurship through acquisition, arrived on her own at the insight that we celebrate on this podcast:

That buying an existing business — an existing franchise business in her case — would be better than starting from scratch.

The first half of today's interview is Alicia's story of acquiring a portfolio of Sylvan locations — Sylvan is in the education & tutoring category — and how she improved, grew, and sold that portfolio a few years later.

The second half is a distillation of what Alicia has learned since.

Post-exit, Alicia remained in the franchising space, but with a focus on private equity.

And she has recently published a book about the intersection of franchising and private equity, and what you, would-be owner, need to know given this trend.

So if you're thinking about buying an existing franchise business or businesses, this conversation is a primer on how to carefully choose a franchise system where PE is or might eventually be active. It is a key consideration if you expect to one day exit the business you buy.

And to that point, this is an appropriate lens to apply to any industry you're eyeing, even if you are targeting independent businesses, not franchise resales.

Private equity's presence in an industry, as in a franchise system, can have effects that are seismic.

Here is Alicia Miller, former owner of a portfolio of a dozen Sylvan locations and author of Big Money in Franchising.

Read MoreStories

How to Buy Franchise Businesses, Then Sell to PE

After buying then exiting a 12-unit franchise portfolio, Alicia Miller became expert on how to attract private equity.

Key Takeaways

Introduction

Listen to the introduction from the host

oday's guest had for years entertained the notion of one day becoming a business owner.

Well in her early 40s, with a toddler at home and traveling too much for her corporate job, Alicia Miller decided the timing was finally right.

This was 2013, and franchising was the most obvious path. (Probably still is for most people.)

But Alicia, without the benefit of the books or the pods or the general awareness of entrepreneurship through acquisition, arrived on her own at the insight that we celebrate on this podcast:

That buying an existing business — an existing franchise business in her case — would be better than starting from scratch.

The first half of today's interview is Alicia's story of acquiring a portfolio of Sylvan locations — Sylvan is in the education & tutoring category — and how she improved, grew, and sold that portfolio a few years later.

The second half is a distillation of what Alicia has learned since.

Post-exit, Alicia remained in the franchising space, but with a focus on private equity.

And she has recently published a book about the intersection of franchising and private equity, and what you, would-be owner, need to know given this trend.

So if you're thinking about buying an existing franchise business or businesses, this conversation is a primer on how to carefully choose a franchise system where PE is or might eventually be active. It is a key consideration if you expect to one day exit the business you buy.

And to that point, this is an appropriate lens to apply to any industry you're eyeing, even if you are targeting independent businesses, not franchise resales.

Private equity's presence in an industry, as in a franchise system, can have effects that are seismic.

Here is Alicia Miller, former owner of a portfolio of a dozen Sylvan locations and author of Big Money in Franchising.

About

Alicia Miller

Alicia Miller
Olivia Rhye
Product Designer

Show Notes

Episode Transcript

Show Transcript
Hide Transcript

Listen instead of watch

Register for the live Q&A
Alicia Miller
on
<date>
Subscribe to newsletter
Subscribe to receive the latest blog posts to your inbox every week.
By subscribing you agree to with our policies.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.