Franchise Update Magazine Issue III, 2013 | Page 20

Grow Market Lead NEW Brand By Kerry Pipes & Steve Olson Pat Sajak’s Great American Deal TV game show host co-founds hyper-local deals franchise P at Sajak has been hosting TV’s “Wheel of Fortune” for the past three decades. Now he’s playing host to a new franchise concept. Great American Deals is a variation on the daily deal concept made popular by Groupon, but brand co-founder Sajak says it’s unique because it builds a community of connections between local business owners, consumers, and franchisees. The goal is ongoing customer loyalty and lasting relationships—all at the local level. Franchisees don’t need real estate or a lot of equipment with this home-based concept. Start-up costs range from $49,500 to $71,250, which includes a $35,000 franchise fee. The brand also donates $1 from every customer purchase to local 18 Franchiseupdate Iss u e III, 2 0 1 3 schools and nonprofits. Sajak says Great American Deals comes down to building relationships with business owners throughout each community and becoming a true ambassador of the brand. It’s about reaching out, telling the story, establishing rapport, and becoming a go-to source for not only the best deals of the day, but also pertinent information about the community. We sat down with Sajak to find out more about the new brand and his involvement. Why get involved in this franchise? Our show, “Wheel of Fortune,” has been on for 30 years and it still continues to amaze even me. I would feel odd about sticking my name on a cereal box. I’ve never endorsed anything, because I always felt squeamish about it. However, my partner Michael looked at this new thing called Groupon when it came along, which intrigued me. What can we do that they are not doing? What’s the next step in the evolution of this business? How can we refine it? The attractive thing is, it parallels what we do on the TV show. Our marketing slogan is “