Former Searcher Opts to Franchise Instead

ne thing that draws a lot of entrepreneurs to search is the low multiples, the compelling economics. But while enticing, those low prices are low for a reason, as searchers quickly learn. It's very hard to find a small business you'd actually want to own. Today's guest had this realization about a month into his search, but he didn't stop at search; he and his partner kept following their noses, kept networking, having conversations, kept their minds open. And where they arrived was: Doing a franchise seemed like a better use of their time & resources than doing self-funded search. Jacob Lee and his partner ultimately signed up to build out 10 locations of the young dog-grooming franchise Scenthound over 4 years. So far, so good: their first location, opened in February, is exceeding all expectations.