Amit Shah

Strategy & Finance professional building a portfolio of companies in the beauty industry while working a full time job and raising young kids. Follow the ride!

[Amit Shah @AmitShahCIRA]

@theDSOguy Separate practice mgt systems; challenges with shared equipment?

[Amit Shah @AmitShahCIRA]

@brianbeers Why not eliminate the requirement to pay 1.5x? That would be pro growth instead of a populist move

[Amit Shah @AmitShahCIRA]

@AaronHarperCEO Seems like a very franchisor view. Revenue is the focus so you take your royalty (and your ebitda). Franchisees should focus on ebitda first.

[Amit Shah @AmitShahCIRA]

@theDSOguy Compliance to labor law and large company HR policies

[Amit Shah @AmitShahCIRA]

@theDSOguy Assuming this doesn’t include doc pay?

[Amit Shah @AmitShahCIRA]

@richardblade Done, i thought you were already in it!

[Amit Shah @AmitShahCIRA]

@GuyBrewery Threat of unionization? Seems to be happening across independent shops lately

[Amit Shah @AmitShahCIRA]

@MattTingcom @NeelBParekh I think you need to be a far more skilled operator and integrator in the non franchised SMB rollups. More rewards but fewer can do it well and repeatedly

[Amit Shah @AmitShahCIRA]

@STLChrisH Did GS create a custom solution for you? Wondering if there’s something that makes sense for smaller businesses with < 1M cash instead of millions in excess cash. Wonder if there is a fidelity or schwab version of this?

[Amit Shah @AmitShahCIRA]

@RyanDeto 2/2 i don’t believe they shut down as a”statement” to the unionization effort. Lease and sba obligations are likely sizable and personally guaranteed by the owners. There is no winner here. The city loses more alternatives to sbux.

[Amit Shah @AmitShahCIRA]

@RyanDeto 1/2 Union headache was likely the final straw. I doubt the business was profitable given covid impact to foot traffic. It likely had multiple rounds of PPP and government aid to stay afloat. When that ran out and the union expense threatened a viable model, the owner had enough

[Amit Shah @AmitShahCIRA]

@theDSOguy No, but have been considering it. Interested to see how it works for you

[Amit Shah @AmitShahCIRA]

@FranchiseMnA How about discount on initial franchise fee? Or grace period on royalties? Knowing what market is on these items would be valuable

[Amit Shah @AmitShahCIRA]

@FranchiseMnA There will be another shift in 1-2 years as most of these bros realize that they are ill equipped to lead blue collar teams or be on the front lines with customers

[Amit Shah @AmitShahCIRA]

@brianbeers I think it should go the other way. Would allow new zees more cash flow to invest in growth and incent the zor to provide support. May prevent some new store failures by allowing more runway

[Amit Shah @AmitShahCIRA]

@thevraa @FranchiseMnA I think this situation exists in the majority of brands… any emerging brand that has expanded aggresively using third party sales and marketed as semi-absentee

[Amit Shah @AmitShahCIRA]

@NeelBParekh Yes, it’s a service business. Tip your provider!

[Amit Shah @AmitShahCIRA]

@DanReese21 @joshsendstweets But in this case, only 80% or $16 is in the pooling account. If they redeem it at a store does the zee get $16 or $20? Are the GCs tracked as being costco GCs?