Articles Comments

Just Elementary, Inc. » Uncategorized

Buying a Menchie’s Frozen Yogurt Franchise Business

Buying a Menchie’s Frozen Yogurt Franchise Business

When investigating franchises to invest in, there are many factors.  Two of which are the marketing/branding philosophy of the franchise and the time and expense of the build out of process of the storefront. This post will cover the Menchie’s Frozen Yogurt franchise from the perspective of the franchisee. Below are two videos that individually discuss the marketing philosophy of Menchie’s Frozen Yogurt franchise stores and the design/build out of a Menchie’s store. In short, the main thrust of … Read entire article »

Filed under: Uncategorized

Shark Tank Business Valuation & Negotiation Lessons Veggie Mama Ruffle Butts Rugged Butts Rent a Goat Nardos Naturals Bare Ease

Shark Tank Business Valuation & Negotiation Lessons Veggie Mama Ruffle Butts Rugged Butts Rent a Goat Nardos Naturals Bare Ease

Pitching the Shark Tank a line of cute clothing for boys and girls are Mark & Amber Schaub.  Their line of clothing is called Ruffle Butts for girls and Rugged Butts for boys.  Ruffle Butts and Rugged Butts is operated from North Carolina.  Ruffle Butts and Rugged Butts are available online at the company website, but also in wide distribution in local boutiques throughout America and in approximately 30 foreign countries.  Expect a deal since … Read entire article »

Filed under: Uncategorized

Q & A with Ryan Frankel of VerbalizeIt

Q & A with Ryan Frankel of VerbalizeIt

      Ryan Frankel, Chief Executive Officer, of VerbalizeIt took some time to answer questions about the state of the business before and after their pitch to the panel of investors on the Shark Tank. VerbalizeIt is a live translation service that users can access at any time from anywhere to have live human beings assist with translation.  Live translators are far more likely to understand context of what is being spoken and to also understand technical jargon … Read entire article »

Filed under: Uncategorized

Small Business Lessons from ABC’s Shark Tank

Small Business Lessons from ABC’s Shark Tank

From the week two episode of ABC’s Shark Tank There were four main themes: negotiation techniques, valuation realities, knowing your which business your business should be in, and being the right pitchman for your business. First up was Kiersten Hathcock of Mod Mom Furniture.  Hathcock came to pitch her business and raise capital to expand her product line from just Eco Friendly Modern Toy Boxes to a full children’s furniture line.  There were a few lessons … Read entire article »

Filed under: Business Tips, Uncategorized

Buying vs Starting

Buying vs Starting

Should you buy an existing business? Should you start a new business? That depends on you and the team you are going into business with.  There is a Right and Wrong answer for you.  We will layout some points for you to consider to help you make an informed decision that will feel, well, Just Elementary! Reasons to Buy: You want an established track record and proven business model. You will be open for business the day you take possession. Trained … Read entire article »

Filed under: Uncategorized

Franchising: CNBC’s ‘Inside’ Look at it

Franchising: CNBC’s ‘Inside’ Look at it

CNBC just broadcast a show highlighting five Franchise Brands.  The official title is ‘Behind The Counter: The Untold Story of Franchising.’  The show had three story lines. One was about Franchisors doing a good job of growing and maintaining a brand (Proctor & Gamble and Five Guys), … Read entire article »

Filed under: Business Tips, Featured, Franchises, SBA, Uncategorized

Don’t Buy Treasury Bills and Bonds

Don’t buy U.S. Treasury products (Bills, Notes and Bonds) was among the insights presented by Dr. Alfred Gobar at the RIAOC meeting from 12-14-2010.  Dr. Gobar is a private practice economist that feels that inflation and interest rates are heading up in the next five years.  This means that he feels that those that are tying up capital in fixed income products such as Treasury Bills and Bonds are going to be overall money losers.  This is because he is expecting inflation to run 2-3% in the next couple of years, with interest rates perhaps reaching Carter Administration levels of 13-14% in Five (5) years.  If he is even close to correct on his prognostications on inflation and interest rates, 10 year Treasury notes yielding 3.45% (as they did today, 12-14-2010) … Read entire article »

Filed under: Business Tips, Real Estate Tips, Uncategorized

Factors that Effect the Value of a Business

Factors that Effect the Value of a Business

Factors Affecting the Value of a Business Lease & Occupancy Cost In the cases of businesses operating on a lease, the lease terms are key to affecting the contribution of value to the business.  For retail business that are not footloose, a long term is key to positive value.  For example, with a coin laundry, the lease needs to be typically, 20 years or more in length.  Long term leases are important with most retail businesses.  In … Read entire article »

Filed under: Business Tips, Business Valuation, Uncategorized

A Free Business? Almost, but not quite!

Beginning in a few days, we will be profiling Second Generation commercial spaces available.  Second generation spaces are commercial spaces for lease that are built out but not currently occupied, they can be retail , office and industrial.  For example, many restaurants have closed down, but have an intact kitchen and plumbing in place.  These spaces obviously need some capital investment to be reopened, but these costs are going to be significantly less than opening a vanilla shell space from scratch.  Also, assuming the space is intact, you likely won’t need any construction permits from the various local agencies, so you will be able to open your doors Many months before you could open vanilla shell space.  This saves you Time and Money, which means you can focus on growing your … Read entire article »

Filed under: Uncategorized

RIAOC 9-21-2010

RIAOC 9-21-2010

Today was part of the Nick Lieberman interview series with Martin Brewer. Brewer happens to have been an integral part of the Irvine Company for many years in the Public relations department.  He had some good insight into the Orange County Development market, which he shared with us at today’s regular RIAOC meeting. An interesting nugget that came to light was that historically The Irvine Company expected new home sales to increase whenever interest rates first began … Read entire article »

Filed under: Uncategorized

When is a Deal a Deal?

Make sure to actually sign a finalized contract, and do it quickly.  So many transactions start off with a Letter of Intent (LOI), or some variation of it.  After the initial LOI, a flurry of counter proposals or LOIs can pile up.  At the end of the day, you could end up wasting a lot of time.  Somebody who isn’t a client of mine, but I met the other day, told me his tale.  He spent 20 days going back and forth with a landlord about a lease via proposals and counter proposals on a Second Generation Retail Space.  Well, Lo and Behold, after the LOIs are finally agreed upon, the potential lessee eases up and does not request for an actual draft lease for two days.  In the meanwhile, … Read entire article »

Filed under: Uncategorized