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Ron Holt Former CEO & Founder of Two Maids & A Mop. Current Founder of Pink Zebra Moving.
In this podcast interview, join us as we delve into the incredible journey of Ron Holt, who built and sold 93 franchises to a private equity firm. Discover the step-by-step process behind his remarkable achievement and learn how a chance meeting with Billionaire Subway founder Fred DeLuca that transformed his trajectory. Whether you’re an entrepreneur, business owner, or aspiring franchisee, this video is packed with valuable insights and practical tips to help you replicate Ron Holt’s successful strategy. Watch now and maximize your chances of achieving similar results in the world of franchising.
SHOW NOTES:
00:00 Intro to Ron Holt
01:20 Where did he get the inspiration?
03:48 How he launched Two Maids and a Mop
04:47 How much did you save up?
06:33 Why go after a fragmented industry?
08:02 Did you create a formal business plan?
12:45 How long did you go without paycheck?
15:12 Who was your Darth Vader?
16:10 How did you turn it around – figure out product market fit?
19:24 How did you pay your people?
20:40 Did you terminate the bottom 10%?
21:19 What were the economics of your Franchise?
22:24 You got it figured out, what did that do your revenue?
23:34 Where did the franchise idea come from?
26:04 You met a Subway billionaire on accident?
28:13 What was the conversation like?
30:43 Did you keep in touch with him?
32:43 How did you go from 11 to 93 locations?
33:15 How much did you sell a franchise for?
37:29 Why were people attracted to the opportunity?
39:12 Fast forward, 93 locations, why did you sell to PE?
40:58 The new idea…when did that start?
43:22 There is not repeat revenue in moving business – or is there?
44:54 Pink Zebra, is that from Purple Cow, #sethgodin
45:39 Did you hire an investment banker to help you sell?
49:02 What kind of multiples did you get on a 93 location franchise?
50:16 You have a boat load of Money now, did you apply same boot strap ideas?
53:02 How many franchises do you have now?
53:50 What was a big mistake you made in that first business?
55:50 Do you feel like you are following in Fred DeLucas shoes?
56:35 What is a win for you?
58:48 Revenue for the moving company now?
59:22 How many are you going to add per year?
LINKS to Ron Holt
https://www.linkedin.com/in/ronholtfranchise/
#businessforsale
#businessopportunity
#entrepreneurship
#smallbusinessforsale
#sellmybusiness
#businessbroker
#investmentopportunity
#buyabusiness
#franchiseopportunity
#businessowner
#businessinvestor
#bizforsale
#businessdeals
#subway
#bizbroker
#businessesforsale
#warrenbuffett
#entrepreneurship
#mergersandacquisitions
#privateequity
#danpeña
#danpenamotivation
#franchiseopportunities
#franchiseopportunity
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ABOUT THE PODCAST:
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Top M&A Entrepreneurs Podcast is where we talk to acquisition entrepreneurs active today to ask them about their process, where and how they source their deals, their journey, what they had to overcome, obstacles, Industries they work in, how they analyze deals, valuations and pricing, negotiating the deal, due diligence, transition planning and closing. Our guests have acquired over 500 businesses and over $53 Billion in Value!
