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Podcast: Sold His Subway Franchise with 26 Locations!

Podcast: Sold His Subway Franchise with 26 Locations!

This #PoisedforExit episode featured part two of our series with guest interviewers from Sunbelt Business Advisors! Today’s interviewer was Mike Slater, a long time M & A adviser and former business owner, who specializes in the hospitality industry. Mike interviewed his client, Jim Armstrong, who sold  his numerous Subway restaurants over the course of 3 years, with Mike’s expertise. 

In 2016, Mike and Jim first met and worked together to prepare 15 of Jim’s stores for sale. They successfully accomplished that goal with some help from Subway corporate. Then they moved on to sell several more to Jim’s son, who had been in the family business for 20 years at that point. The transition period happened during the onset of the pandemic, which slowed the process down a bit, but eventually they were able to get it all done. Jim says that Mike’s expertise and the process that Sunbelt ran for him were the reasons why they were so successful in selling the stores to qualified buyers, and then later to his son, who he wanted to set up for as much success as possible! 

Sunbelt Business Advisors is a proud sponsor of the Poised for Exit Podcast. The Poised for Exit podcast seeks to help entrepreneurs improve, grow – and successfully exit – their businesses.

Julie Keyes, a life-time entrepreneur and founder of KeyeStrategies, understands what keeps an owner up at night and the balancing act required to work both ‘in’ and ‘on’ the business. The firm’s mission is to help business owners increase enterprise value and prepare for a future exit.

Julie believes in providing outside perspective and mentoring, which made all the difference for her while spending years growing and improving her companies before selling and becoming a business adviser in 2011.