Even though Wall Street predicts 2022 and 2023 will have 10% growth in earnings and isn’t currently anticipating any slowdown, many multi-unit franchisees have expressed concern over economic uncertainties. Talks of inflation, change in tax law, ongoing supply chain issues, and labor shortages have multi-unit franchisees wondering how or if they need to readjust their business strategy.
Some multi-unit franchisees who have focused aggressively on growth have cooled their engines. And then there are multi-unit franchisees sitting on cash, looking to ramp up acquisitions, and looking for good deals. And finally, others are unsure which way to go, sell some, sell out, and/or refocus on fundamentals within their existing footprint.
In this episode, Michael Einbinder, with Einbinder and Dunn and The Rawls Group’s succession planner Jeff Bannon discusses how to overcome economic headwinds facing multi-unit franchisee owners.