When investing in a franchise or a passive income deal, you always have to follow specific criteria.
Surprisingly, looking for fast cash flow or a substantial ROI are not the only factors to consider.
Connections, education, and tax strategies are even more important than cash flow. And today’s guest explains why.
Ryan Casey is a successful franchisee of Orangetheory Fitness. One of his studios is in the top twenty locations in the country, and another is number four. Impressive, right?
But that’s not all.
Ryan is living proof of the systems you must implement in order to create entirely passive income, thanks to franchising.
Together with Ryan, Erik shares different takeaways on semi-absentee ownership and how to start passive investing on the right foot.
Moreover, they explain why you should choose well-known brands rather than emerging ones.
Finally, you will get a list of the criteria to follow when trying to acquire a new franchise and also the skills you need to develop to make a business successful.
This episode is full of golden nuggets. Don’t miss out!
“Franchisees should have criteria for brands they are getting into.” - Erik Van Horn
In This Episode:
Connect with Ryan Casey:
Connect with Erik Van Horn:
Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.