James Temple & his mother acquired a struggling Mathnasium franchise in 2009. Today, they do $7m across 19 locations.

Topics in James' interview:

Buying vs. starting a franchise location
Is rolling up easier in a franchise system?
Turning around underperforming franchise locations
How to assess the risk of a franchise system
3 criticisms of franchises that MBA student always have
Numbers behind his first acquisition
Growing to 19 franchise locations in 13 years
How a 19-unit franchise business is structured & operated
Evaluating franchise opportunities from a risk-adjusted perspective
Revenue range of Mathnasium franchises
Mathnasium fees
What exactly do you get from a franchisor for the franchise fee?
Passion and purpose — is it necessary?
Franchise consultants (and how they are incentivized)
How to start investigating opportunities if you're interested in a particular franchise

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How a $40k Acquisition Led to a Franchise Empire