Factoring Cost of Goods and Labor Into A Sale
Company Added
Company Removed
Apply to Request List

Factoring Cost of Goods and Labor Into A Sale

Factoring Cost of Goods and Labor Into A Sale

David Ostrowe worked on the corporate side of franchising for Church’s and Taco Bell for years. Today, as a franchisee, he operates multiple locations for Burger King, Taco Bell, and Blaze Pizza. His organization operates three franchise companies: Blazing Partners, 180 Business Solutions, and O&M Restaurant Group.

One of the business skills Ostrowe has developed over his career is buying and selling franchise units. It takes knowledge and experience to know how to decide when to sell, what the units are worth, where the franchisor stands, and a multitude of other factors that can affect the maximization of profit when selling.

If you think selling a franchise unit may be in your future, consider this tip from someone who has been there and done that.

  • Keep a close eye on your cost of goods. Hold managers accountable to your ideal cost. Watch waste, spillage, and free items. Keep in mind that every penny you save will hit the bottom line. This will increase your EBITDA and your purchase price.
  • Know when and where to cut unnecessary labor and overtime. Replace poor salaried managers with lower-paid shift managers. You typically hire professionals to help you grow. If you’re selling out, replace them.
Published: January 28th, 2019

Share this Feature

Checkers Drive-In Restaurants
SPONSORED CONTENT
Checkers Drive-In Restaurants
SPONSORED CONTENT
Checkers Drive-In Restaurants
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Urban Air Adventure Park
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

The Human Bean
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 6-9TH, 2021

At RedBrick Pizza (R), old world traditions meet new world recipes to create a better-for-you pizza experience. Baking pizzas to perfection at 1000...
Cash Required:
$200,000
Request Info
Join one of the fastest growing businesses with the most proven and complete opportunity, in one of the fastest growing franchise industries.
Cash Required:
$1,000,000

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.