Franchising 101 with Tim Pickwell | Starting Strength Gyms #54 Ray Gillenwater, SSC | July 03, 2023 Everything you never asked to know about the franchise business is covered in this conversation between Ray Gillenwater and our franchise attorney, Tim Pickwell. If business legal minutia gets your engines revving, we feel sorry for you, but the good news is you may enjoy this podcast episode. And for those of you that say we're boring...this episode is evidence that you are indeed correct. 01:02 Franchise attorney02:54 How SS Gyms operates vs others05:42 Cash flow positive06:49 Franchisee success and treatment compared to others09:36 Majority of revenue from royalties12:16 Maintaining quality and growing as slowly as we need to grow20:30 Relevant regulations and why they were created27:11 Federal Trade Commission31:34 North American Securities Administrators Association36:56 Are the FDD and laws obsolete?39:49 No SS Gyms in California and New York44:50 Thank you to our members46:11 How many franchise companies are self funded?48:21 40 gyms is the magic number48:51 What could we do better?51:19 Ray Kroc51:58 Good things to come57:35 We love transparency Discuss in Forums