DESCRIPTION:
In this episode of the Franchise Hot Seat, host John Hayes interviews Fred Fry, Vice
President of Franchise Development for 16 Handles. Fred shares his career journey
from banking and finance to the franchise industry, highlighting how he discovered
franchising through a friend at church after relocating to Texas. He previously
worked with HTO and Shipley Donuts, where he played key roles in their significant
growth. The episode dives into the appeal of franchising, the opportunities for
financial and personal growth it offers, and the challenges and benefits of different
franchise concepts. Fred emphasizes the importance of community involvement,
systems, and strong management in ensuring franchisee success. The conversation
also touches on financing options for franchisees, including SBA loans. Fred
discusses the strategic decisions that new leadership at 16 Handles has made,
including community engagement, technology stack improvements, and leveraging
social media, to ensure the brand's growth and success.
- With Fred Frey
TIMESTAMPS (Use ChatGPT on Transcript):
00:00 Intro
00:28 How did Fred start franchising?
01:57 What drove transition to franchising?
03:32 Why franchise in Texas? Costs?
05:29 Biggest franchise development challenges/rewards?
07:31 How to finance franchise investments?
10:20 Best ownership style for engagement?
16:48 Why is franchisor support crucial?
21:04 What killed frozen yogurt's boom?
30:23 Why are franchise systems important?
LINKS:
WEBSITE: http://franchisehotseats.com/
LinkedIn: https://www.linkedin.com/in/drjohnhayes/
Twitter: https://twitter.com/drjohnhayes
YouTube: https://www.youtube.com/c/Howtobuyafranchise
Instagram: https://www.instagram.com/hayesjph/
TikTok: https://www.tiktok.com/@johnphayesfranchise
Pinterest: https://www.pinterest.com/DrJohnHayes/
Facebook: https://www.facebook.com/franchisehotseatpodcast
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