ost acquisition entrepreneurs I talk to start searching for a business to buy, and are not open to buying an existing franchise.

But I have also heard from a number of you that, as your search progressed, you eventually opened your minds to it. And in doing so, availed yourselves of many enticing opportunities.

Today's guest Doug Johns is a great example.

Doug started his search looking for a business doing between $750k and $2m in EBITDA — sizable for a searcher.

And naturally he was thrilled when he saw a great one...

Until realizing it was a franchise.

Flash forward, Doug and his wife overcame their reservations and today own one of the top-selling Mr. Rooter businesses in the country.

It does nearly $2m in EBITDA with 50 employees.

It is a big, healthy, mature business — just what so many of us would love to buy.

So if you've been curious about buying an existing franchise business — actually, especially if you have NOT been curious about it — this interview will open your eyes.

Doug Johns was where you are, but softened his position when the right opportunity came along and has been rewarded handsomely.


Oberle Risk Strategies logo

August Felker is a 2-time successful searcher — first with a traditional search fund; the second time around, he did a self-funded search.

Today August runs Oberle Risk Strategies, an insurance firm with a dedicated practice group for searchers and acquisition entrepreneurs like you.

If you've got a business under LOI, Oberle will provide complimentary due diligence on that business's insurance and benefits program. A great, no-risk way to get to know August & team.

They love helping searchers; they've worked with hundreds. Oberle is a specialty insurance brokerage for searchers, by a former searcher.

Check out the Search Fund Team at Oberle.