Franchise Due Diligence Advice from a Former Bank President

Описание: What does the franchise buying process look like for someone with a CPA background and a career in banking This interview offers a deep, analytical perspective.

In this testimonial, David Mills shares his full story. After a long career in public accounting, commercial lending, and ultimately leadership roles in banking and capital markets, he retired in his mid forties. Once his kids were off to college and the post COVID environment settled, David began looking for a new challenge something fun, something strategic, and something that would diversify his investments without needing to rely on the income.

With his analytical background, David built a nine block metrics system to evaluate franchise opportunities. Even with that structure, he found the process overwhelming and decided to bring in Thoughtful Franchise Brokers to help filter, validate, and vet franchise concepts with a higher level of clarity.

In this interview, David discusses
• His background as a CPA, banker, and bank president
• The personal timing that led him into franchising
• The nine criteria he used to evaluate every franchise
• How he narrowed down opportunities and selected two concepts
• Why he reached out to almost a dozen franchise brokerages
• What stood out about working with Charista and Kevin
• How they helped him navigate ROI questions, red flags, and FDD details
• How legal review and negotiation played a role
• The challenges he is facing now with leases, supply chain, and location economics

David also shares why he believes result driven guidance matters, why due diligence is non negotiable, and why choosing the right broker can make or break your decision making process.
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CHAPTERS
00:00 David's Background
02:19 Criteria is choosing a franchise
04:00 Choosing a franchise broker
05:10 Working with TFB
09:19 Challenges you're facing
09:50 Resources
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