A Deep Dive on Multi-Brand Franchising With Justin Sharbutt

Franchising continues to be a popular business model in today's competitive market. Entrepreneurs can leverage the success of an established brand instead of building a business from the ground up. Today's guest has taken franchising to the next level by investing in different brands, resulting in immense growth and profitability.   Justin Sharbutt is a multi-brand franchisee passionate about expanding his footprint in the franchise industry. He owns 7 Dunkin'/ Baskin Robbins, 3 BurgerFi, and 54 Tide Cleaners, with 12 new stores under development. His wife owns 1 Blo Blow Dry Bar. Justin had his first taste of entrepreneurship when he and two of his best friends started a business raking leaves in their neighborhood.    Join Erik and Justin as they discuss what being a multi-unit and multi-brand franchisee is like. Get valuable insights in choosing a brand to work with, deal structures, business entity setup, and how to run multiple locations effectively.   If you’re looking for a franchise to start your dreams of becoming a business owner, look no further and let Justin show you the way.   “Volume cures all. The more sales you have, the margins are much better.” - Justin Sharbutt   In This Episode: - Justin takes us through his early experiences in entrepreneurship and how he got into franchising - Why would someone want to franchise a food business when it's known to be a low-margin industry and managing employees is a nightmare? - How important is the brand when it comes to franchising?  - What attracted Justin to franchise a QSR and laundry service? - Justin talks about what the deal structure was like with Tide, what worked, what didn't work, and other lessons along the way - What is the right way to set up a business entity? - Justin shares some numbers (EBITDA) - What is it like working with Procter & Gamble vs. working with Dunkin'?  - Neighborhood marketing tips from Justin - How do you run a laundry business, and how many employees do you need per location? How does Justin's day-to-day schedule look? - What is the biggest threat to the laundry business? - What's next for Justin? And more!   Resources:  - Learn more about Erik’s franchisee mastermind here - www.franchisetribe.com  - Learn more about Erik’s franchisor mastermind here - www.franchisortribe.com  - Learn more about Erik’s passive investing mastermind here - www.tribeofinvestors.com  - Want to buy a franchise? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617  - Want to franchise your business? Connect with Erik here - https://forms.gle/n4JedEuU5p7asE617  - Franchise Secrets FB Group - https://web.facebook.com/groups/franchisesecretsfb - Front Street Equity Partners - https://www.FrontStreetEP.com/   Connect with Justin Sharbutt: - Website  - LinkedIn Connect with Erik Van Horn: - Website  - Instagram  - Facebook  - Facebook Group  - LinkedIn - YouTube - Medium