Multi-Unit Franchisee Magazine Issue III, 2011 | Page 24

BOTTOM LINE
Annual revenue: $3 million plus
Corporate structure: Although I own some of the stores myself (solely), I
also own some stores with my neighbor, Grant Simon. He and I are pretty much
opposites. I like sales, operations, and dreaming, and he likes the administrative
and legal side of things. Most partnerships fail, but ours seems to work great. Our
first venture was to buy the largest carwash in the state (Auto Indulgence). Then
we bought a bunch of distressed Great Clips. Then we started buying distressed
Smoothie Kings. And now we’re looking at other distressed opportunities. We’ve
got a great track record, so why not. Grant and I have an interesting partnership.
We have our own separate home offices, and we work pretty independently. But
every Monday night for the past six years, we go to the gym to lift weights, and
then we go to Taco Mac to drink beer and discuss business. That’s our weekly
board meeting. They even have a plaque on the wall with our name on it (which
is an embarrassment to the wife and kids). All of our business decisions are discussed and vetted at the gym and at the ba "