Guy Vance, Meineke
Guy Vance's career had him traveling four to five times a week. Wanting to spend more time with his family, he knew he was ready to try something new. Guy worked with his local FranNet consultant to open his first Meineke location.
Why start a business?
I didn’t start a business because of some feeling that I didn’t want to work for someone else. Rather, I had been working for a global retailer in Minneapolis for 25 years. This role taught me everything I needed to know to run a business. I’ve always wanted to try something on my own -- to be accountable for every aspect of the business. I felt that I was finally prepared to own and run a business.
How was FranNet instrumental in opening?
FranNet knew how to measure the business options against my goals and wealth. They helped me complete a business plan that helped secure a loan. They helped me locate the financing company that knew about franchising and Meineke to secure the loan with less hassle. I didn’t know too much about financing my business.
What’s the future like?
I’d like to open a couple more Meineke’s and am open to other franchise business options, too. I want to eventually be a multi-unit franchisee owner, where I am a semi-absentee owner of the business.
What advice would you give to someone?
One thing I tell people when they are thinking about this, about starting a franchise, is to get a good accountant and a realtor that you trust. Create a team; add a legal resource. Work with FranNet or a business expert to understand the Franchisee’s performance and contracts. All of these items will help you choose the right franchise. This is a big decision and it worked out well for me.