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Ba (39) - Industry Roll—Ups& Franchising Industry...

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Unformatted text preview: 9/7/2011 Industry Roll—Ups & Franchising _ Industry rollups succeed because? _ 0 :1 Both can be used in the growth stage of ' 1- Once-independent b . _ -- competitive units can ”51:19:55 share resources I: Roll—up: use its publicly traded stOc I uy up * 2. figflfilllflflelrators gtain - .. .. eIr oca conne Ions dozens of small firms in a f ago“: cl industry. and panama! touch while I Typically, H srnail prIvately own} om and DOD fil‘lTl achieving ecgnflmies {If trades its ownership of a sin I__ . hit for shares of stock scale in a firm encompassing Fri-1'. "" Ul'IitS in the same industry. 3_ Rolled- -up firms no {finger I Operationaiiy, roli— up r eecl because once-I require expertise in independent cainp-I e units can share faciiities, front- office skIlls supplies, Mike .2 expenses and operational 4- All ofthe above expen s I Then? .- aii operators to retain their local connec. s and persona! touch while achieving f-'-'{-Jt¥_.fj1'ze'?v _ eco Ies of scale. as. 0% : III.- _. . . _- t ~ “I I " ' " -. ".-_ ."..- .-.. :.._'-- .'__;"-_ '. _ - __: ;. -.-._'__. . . 1 -._ ._- ._ .-: r.. . _ - I ..',, - .I_ _".'_.".___-_-'_ _:_ '__":.'.: __--..- . '. - ',-.- r:r__‘_- I E 1 III- .1 . 1 2 a .- ' .1. ea hm . - r— YOujf 11131116;5 Where yen are from and Industry rollhups and franchming are alternatives to traditional Internal fundmg and are uthEd during WhICh stage of the mulfl~srte semces your 1113] Or. fife cycle? 1. If you could be 1. The multi—site invisible for a da _. . rationalization What would y :hase 2. he rowth uhase 2. What w; "’ 3. The maturity favor ...?! Ild hood phase to ...-r :3.“ 4. The decline/regenerat ion phase your H1310]: _ . _ Franchising ._- __F'J _._ l_. . . .— -r . . -d' r... _ 1- Your biggest PEt . 4 _ In A self— financing growth str ,_ . .. percentage of gross nd a I: Can limit profit I a large portion of t ‘2: oFits go to the franchisee I Firms .5 my back mature franchises :1 Com In international expansion - .rés' “ethical walls /US Foreign Corrupt / Ctices Act ...
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