Gal Danay

CEO & Co-Founder, Woops! @bywoops. NY CPA. 20 years franchisee and franchisor.

[Gal Danay @GDanay]

@lawyer4SMBs Interesting. Is that showing up more as seller notes or actual price cuts?

[Gal Danay @GDanay]

@jonpbaker I'd break it out by daypart before picking a target. The blended number can look fine while one shift is losing money

[Gal Danay @GDanay]

@SMBDealGuy Yeah the personal guarantee is the part first time buyers tend to gloss over. Worth sitting down with your own attorney on it early, before you're emotionally committed to the deal

[Gal Danay @GDanay]

@walkerdeibel Worth remembering the $450K gain gets taxed before it's income, so what you actually live on each round is a good bit lower than that

[Gal Danay @GDanay]

@YahooFinance Curious who pays for the fountain changeover at the store level. Is Coke covering that or does it land on the franchisees?

[Gal Danay @GDanay]

@steveloh722 @McFranchisee That explains it. So once a line has run root beer it's pretty much a root beer line for good?

[Gal Danay @GDanay]

@FoodInstitute Would want to see that 70% per store before reading too much into it. System wide it includes the 57 that closed

[Gal Danay @GDanay]

@HelenGuo_ Where do you usually put the financials ask then? Second call, or hold it until after the LOI?

[Gal Danay @GDanay]

@TruueDiscipline It's the gas station owner making the pizza. Hunt Brothers supplies the ingredients and the setup, and from what I've read there's no franchise fee. Pretty easy add for a store in a small town

[Gal Danay @GDanay]

Watched the Roadster reveal last night. A car driving up a vertical ramp, flipping, and landing on SpaceX thrusters.
Whatever you think of Elon, nobody else in business gets the whole internet to rewatch a product launch like that.
What's the best launch you've ever seen from any brand?

[Gal Danay @GDanay]

@JonMStoddard Worth asking if they elected the private company option to amortize goodwill too. If so that $600K is already net of 5 years and the original number was bigger

[Gal Danay @GDanay]

@benkellyone Does that structure still work under the new SBA rules? I thought the seller note can only count for part of the injection now

[Gal Danay @GDanay]

@sweatystartup Restaurants trip on this when they switch SMS tools. The phone numbers move over fine but the opt in records often don't, and then nobody can prove who actually signed up.

[Gal Danay @GDanay]

@MichaelLagazo Thanks for digging that up

[Gal Danay @GDanay]

@McFranchisee Didn't know root beer needed its own lines. 4 months makes more sense now, thanks

[Gal Danay @GDanay]

@HelenGuo_ Do the leagues have to sign off on a new owner for those licenses? With 2 to 3 year terms that's the first thing I'd ask before looking at anything else.

[Gal Danay @GDanay]

@SMB_Attorney Most of the owners I do books for live in that in between category lol. Payroll clears, they take a decent salary, nobody's buying a plumbing company anytime soon

[Gal Danay @GDanay]

@jonathanmaze So Subway operators gave up a $3,200 a store rebate and got loaned fountain equipment instead. Did Pepsi come in any lower on syrup, or was it really just the equipment?

[Gal Danay @GDanay]

Crisp & Green is buying 33 stores and running all of them corporate. They have 54 today.
Paused franchise sales last year, bought back ~20 units, now restarting.
Does a big corporate base make you more likely to sign with a brand, or less?