Alicia Miller

Big Money in Franchising (eBook, ePUB)

Scaling Your Enterprise in the Era of Private Equity

• Format: ePub

Produktbeschreibung

• UNIQUE TOPIC: This is a book intended to help franchisors, franchisees, and private equity investors to understand how they can work together to mutual benefit. There isn't a book like this in the market, likely because it is a niche topic about something that has only been happening for a relatively short amount of time.
• TIMELY COMMENTARY: The Subway sandwich shop chain is set to be sold to a private-equity firm, Roark Capital, for nearly $10 billion dollars, which has been in the news. There have been a number of high-profile acquisitions in recent years. The franchise sector saw robust M&A activity from mid-2020 through mid-2022, with more than 100 transactions.
• AREA OF OPPORTUNITY: There are more than 9,200 professional PE firms worldwide, approximately 4,500 of which are in the United States. In the U.S. alone, private equity is sitting on more than $3 trillion in dry powder (committed funds that haven't yet been deployed.) So we are far from saturated in terms of potential private capital coming into franchising. The book is food-for-thought for franchisors and multi-unit franchisees who are thinking about succession and exit strategies.
• AUTHOR WITH DEEP SECTOR EXPERTISE: Miller is a former multi-unit franchise operator, so she understands very well the challenges and benefits of being a franchisee. Because she also co-invests alongside her private capital partners, she has a unique point of view as an advisor and investor with deep sector expertise.
• SECONDARY AUDIENCES: Franchise suppliers and advisors; education and business programs; wealth management and financial advisors.
• COMPELLING NARRATIVE: This is the surprisingly rollicking story of how private equity transformed the greatest engine of small business and job creation ever invented: franchising. In addition to its target audiences, it'll appeal to those interested in the history of small business in North America.

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Produktdetails

• Verlag: Figure 1 Publishing
• Erscheinungstermin: 12. März 2024
• Englisch
• ISBN-13: 9781773272382
• Artikelnr.: 69773832

Autorenporträt

Alicia Miller is the founder and managing director of Emergent Growth Advisors, a boutique strategic advisory firm with deep expertise in franchising and private capital, and a particular focus on helping emerging brands grow smart from the beginning so they can reach their greatest potential. She is also an investor in both brands and multi-unit franchise operators. She is also a member of the board of governors for the International Franchise Association's Certified Franchise Executive education program; has authored numerous articles on franchising and private equity for Franchise Times, Entrepreneur, and Forbes; and has been a multi-unit franchisee. She lives in Columbus, Ohio.

Inhaltsangabe

Introduction
Part One: Private Equity Arrived Late, But Now Dominates Franchising
Chapter 1: Understanding Franchising’s Enduring Appeal
Chapter 2: A Brief History of Private Equity in Franchising: Where It Began
Chapter 3: Family Pizza Night Looks Like a Pile of Cash–Private Equity
Discovers Franchising
Chapter 4: A Frog, More Big Money, and the Final Missing Piece
Part Two: The PE Profit Ladder
Chapter 5: The Private Capital Landscape: Players and Strategies
Chapter 6: PE’s Playbook for Growing Franchise Businesses
Chapter 7: The PE Profit Ladder
Chapter 8: Roark’s Impact on Franchising
Part Three: Private Equity’s Franchise Track Record and Future
Chapter 9: When Everything Clicks: Positive PE Impacts On Franchising
Chapter 10: Smart Money Bloopers – Mistakes, Head-Scratchers, and Flameouts
in Franchise Investing
Chapter 11: The Future of Franchising and Private Equity
Appendix: Private Equity Fund Performance
Resources for Franchise Disclosure Documents
Recommended Reading
Educational Resources
Online Resources
Acknowledgements
Endnotes
Index