Jon Ostenson - ”Consider Franchising to Add an Income Stream to Your Financial Plan”

“When you're a business owner, you're building cash flows as well as an asset in that business that you can sell as long as you run it halfway decent.”  — Jon Ostenson

Jon is CEO of Franbridge Consulting and Capital, a company devoted to serving franchise opportunities, then aligning investors with top-performing opportunities leading some of those investors to be actual operators.

In this episode, Jon is going to help us look at this exciting class of investments.

Listen in!

• There are 4000 different brands roughly in the US involved in franchising across a number of different industries and sectors.
• Coming out of COVID, more and more people want that sense of control, flexibility and freedom that comes through business ownership.
• We do see an unprecedented level of interest out there towards franchising.
• I just see franchising as really going into business for yourself, but not by yourself because you've got that franchisor on the sideline and other franchisees around the country.
• While having that is not a guarantee of success, it does give you a lot of confidence going in.
• A study by Rancor School of Business found franchise businesses trading at a multiple typically of one and a half-time as compared to non-franchise businesses.
• I tell clients that there's a lot of ways to make money some more desirable and easier than others.
• To buy into a franchise, you pay a franchise fee and meet costs for the equipment build out.
• Some of the ways in which people fund their franchise business include self-funding, retirement funds through what is called a Rob's program or through SBA loans.
• The way I work with clients is I try to streamline the process and make it as easy for them and allow them to focus as well as possible.
• Franchising isn't risk-free, but you de-risk things a lot.

To connect with Jon:

linkedin.com/in/jonostenson

franbridgeconsulting.com

facebook.com/JonOstenson1

linkedin.com/company/franbridge-capital

As always, if you are interested in complete “peace of mind” about your personal finances, visit us at: www.personalfinancialstrategy.com