Dave Lukas Chats with Brian Beers
362: Building a Fortune through “Boring Businesses” with Brian Beers
This week’s Misfit Entrepreneur is Brian Beers. Brian is an entrepreneur, investor, and host of the Business with Beers podcast. Brian grew his small family single-franchised auto repair business into an enterprise with over 30 locations, and last year they generated over $40M of revenue.
Brian’s passion is teaching people how to create freedom & build wealth by owning franchises and secrets to running them successfully.
What I like about Brian is that the principles he has used in building his family business from one location to over 30 in the auto-repair vertical can be used for any business – and I’ve excited to get into them with him.
Brian’s family got into owning Midas car services centers in the late 70’s. His dad and uncle grew it from 1 location to 6. As Brian was getting out of college, his dad and uncle were ready to get out owning them and weren’t making much money. They had just gone through the recession of 2008-2009 and had enough. Brian came in and decided to take it over. He went around the country to meet other owners and learn how to make the business run better and more profitably. He started to have success. In 2016, his brother joined him, and they bought 2 more stores and it went from there to where he bought out his dad an uncle as well as other franchises to where they now have over 30 locations.
Talk about your business and how in a short amount of time, you’ve grown it over 500%...
You’ve said, “Now is the best time to buy a franchise.” Why is that?
Do you think “boring” franchises are the best ones to buy? Why?
At the 18:30 mark, Brian talks about verticals and specific franchises in the boring space that he likes.
Best advice on how to find the best opportunities? And what should we know about the buying process?
Talk to us about the buying process. What should people be aware of to ensure they are successful?
Can anything be negotiated?
Taking a business from hobby to empire – tell us more.
Best lessons learned from your entrepreneur journey so far?
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want to ask you a question. When you think of your “universal inbox”, what do you think of? And by that I mean, what’s the most reliable and convenient way for someone to get in touch with you? Most people would say, “Here’s my phone number, text or call me,” right?
The reality is, people want to text. That’s why 70.7% of consumers have subscribed to receive texts from at least one business in the past year. It gives them the freedom to reply when it’s convenient for them, it reduces the amount of time playing phone tag, and you can count on the message being seen since people tend to stay on top of it more than their social media or their emails.
That’s where SimpleTexting comes in – I am customer and love this solution. Myself and thousands of other businesses use the Simple Texting platform to connect with customers, leads and staff and much more.
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I use it almost daily across my businesses to connect and help customers.
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