30 Midas Franchise Acquisitions - Top M&A Entrepreneurs: Brian Beers

Jon talks to Brian Beers about his Midas Franchise Acquisitions

Show Notes
00:00 Intro  Now 30
00:45  How he got into franchise business
03:13  How he operates above the business
04:38  What are the Average Sales of a Midas Franchise
06:19  Salaries in a Midas Franchise
06:49  What are Midas Franchise Fees?
07:39  Do you own real estate?
08:40  What is multiple of Midas Franchise?
10:20  How to fix a money losing Franchise
11:50   Why is it always the management
12:04   What are economics of well run franchise 
14:20   How does he finds a Midas Acquisition
18:08   How does he finance and negotiate his acquisitions
22:31   Does he have a growth acquisition goal - constraints
25:00   Holding Co example Head Office Roles
26:30   30 Midas Holding Co. Multiples 
27:54   Working with his brother
28:44  Board of Directors
29:52  Any acquisitions outside Midas?
32:58  Is the 10% franchise fee worth it?
34:34  How do the Franchise Market Dev Funds work?
35:09  What marketing works best for a Midas shop?
37:40  What if the demographics change for Midas location?
39:15  Any trends with EVs?
44:28  What is hardest part to integrate a new Midas Acquisition - Culture
46:46  Career path for managers?
48:22   Does he like/dislike turnarounds - acquiring distressed franchises
49:33  Can he add new products to Midas services - or Process Innovation