Welcome to the Get Up and Scale Podcast with hosts Kai Kaapro and Justin Buzzi. In this episode, we dive into the latest news in the tourism industry, with a primary focus on private equity's growing interest in franchising. We examine why franchising is less prevalent in tourism, discuss the potential for replication in various types of tours, and consider both the challenges and advantages of converting existing businesses into franchises. The hosts also analyze successful strategies from leading franchises like Crumbl Cookies and discuss the impact of technology on making franchising more efficient. Finally, they explore the opportunities for high-margin bolt-ons and the importance of networking within the industry for growth.

 

• 00:00 Introduction and Hosts' Catch-Up
• 01:02 4th of July Plans and Traditions
• 02:07 Private Equity in the Franchise Industry
• 03:36 Challenges and Opportunities in Tourism Franchising
• 09:14 Fastest Growing Franchises
• 13:10 Conversion Franchising and Bolt-On Concepts
• 17:14 Conclusion and Networking Insights