<p>Jack Foster &amp; Jake McLaughlin raised $2.8m to buy 10 Meineke stores. That equity has taken them further than expected.</p><p>Register for the webinars: </p><ul><li><a href="https://bit.ly/4bAIbTj">Offshore Talent vs. AI for Business Buyers</a> - TOMORROW!! - https://bit.ly/4bAIbTj</li><li><a href="https://bit.ly/4rUHngL">Quality of Technology (QoT) Report: Protecting Your Acquisition</a> - Thu, Apr 2 - https://bit.ly/4rUHngL</li></ul><p>Topics in Jack and Jake’s interview:</p><ul><li>Childhood friends turned business partners</li><li>Leaving Goldman Sachs, KKR, and Baird for entrepreneurship</li><li>Why they chose the franchise roll-up model</li><li>Consolidating units within the Meineke system</li><li>Applying a first-principles approach to an unfamiliar industry</li><li>Paying royalties as the price of product-market fit</li><li>Technician recruiting advantages of a strong franchise brand</li><li>Why they passed on car washes and quick lube</li><li>The real timeline of the EV threat to auto repair</li><li>Buying real estate and using sale-leasebacks for growth capital</li></ul><p>References and how to contact Jack and Jake:</p><ul><li><a href="https://www.linkedin.com/in/jack-foster-098030a8/">Jack Foster’s LinkedIn</a></li><li><a href="https://www.linkedin.com/in/jake-mclaughlin-8a67a4126/">Jake McLaughlin’s LinkedIn</a></li><li><a href="https://www.meineke.com/">Meineke</a></li></ul><p>Get a free review of your books &amp; financial ops from System Six (a $500 value):</p><ul><li><a href="https://landing.systemsix.com/acquire">Book a call with Tim</a> or <a href="mailto:hello@systemsix.com">hello@systemsix.com</a> and mention Acquiring Minds</li></ul><p>Download the <em>New CEO’s Guide to Human Resources</em> from Aspen HR:</p><ul><li><a href="https://aspenhr.com/new-ceos-guide-to-hr-download/">From this page</a> or contact <a href="mailto:jenny@aspenhr.com">jenny@aspenhr.com</a></li></ul><p>Get complimentary due diligence on your acquisition's insurance &amp; benefits program:</p><ul><li><a href="https://bit.ly/3W6QqNx">Oberle Risk Strategies - Search Fund Team</a></li></ul><p>Connect with Acquiring Minds:</p><ul><li>See past + future interviews on the <a href="https://www.youtube.com/c/AcquiringMinds">YouTube channel</a></li><li>Connect with host <a href="https://www.linkedin.com/in/willsmithsf/">Will Smith on LinkedIn</a></li><li>Follow <a href="https://twitter.com/whentheresawill">Will on Twitter</a></li></ul><p>Edited by Anton Rohozov and produced by Pam Cameron</p>

Acquiring Minds

Will Smith

How to Acquire 25 Franchise Units in 2.5 Years

MAR 30, 2026114 MIN
Acquiring Minds

How to Acquire 25 Franchise Units in 2.5 Years

MAR 30, 2026114 MIN

Description

Jack Foster & Jake McLaughlin raised $2.8m to buy 10 Meineke stores. That equity has taken them further than expected.Register for the webinars: Offshore Talent vs. AI for Business Buyers - TOMORROW!! - https://bit.ly/4bAIbTjQuality of Technology (QoT) Report: Protecting Your Acquisition - Thu, Apr 2 - https://bit.ly/4rUHngLTopics in Jack and Jake’s interview:Childhood friends turned business partnersLeaving Goldman Sachs, KKR, and Baird for entrepreneurshipWhy they chose the franchise roll-up modelConsolidating units within the Meineke systemApplying a first-principles approach to an unfamiliar industryPaying royalties as the price of product-market fitTechnician recruiting advantages of a strong franchise brandWhy they passed on car washes and quick lubeThe real timeline of the EV threat to auto repairBuying real estate and using sale-leasebacks for growth capitalReferences and how to contact Jack and Jake:Jack Foster’s LinkedInJake McLaughlin’s LinkedInMeinekeGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or [email protected] and mention Acquiring MindsDownload the New CEO’s Guide to Human Resources from Aspen HR:From this page or contact [email protected] complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron