Walking With Walfinch
Walking With Walfinch

Walking With Walfinch

Walking With Walfinch

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Walking With Walfinch

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She Was the Best Franchisee — So She Bought the Company
APR 1, 2026
She Was the Best Franchisee — So She Bought the Company
Tracy Penase went from top-performing franchisee to buying the entire Just Between Friends franchise brand. Here's how she did it — and what changed. In this episode of Walking with Wolf, we sit down with Tracy Penase, CEO of Just Between Friends (JBF), who made the rare leap from franchisee to franchisor. What started with a decorated cookie at a Christmas party in 1998 became a multi-unit franchise career spanning Cookies by Design and eventually JBF — a seasonal buy-and-sell franchise for parents now operating in 150 locations across 31 states. Tracy shares how she acquired the brand from its founder in December 2022, the EOS (Entrepreneurial Operating System) framework that's driven 41% company growth in three years, and why getting technology right has been her hardest challenge as a new franchisor.🔗 Learn more about Walfinch: https://walfinch.com#franchise #franchisor #franchisee #EOS #JustBetweenFriends #WalkingWithWolf #franchisebusiness #franchisegrowthTime Stamps:0:00 Introduction0:48 How a cookie started a franchise career2:12 Growing to four Cookies by Design units3:10 Discovering Just Between Friends4:23 Buying the first JBF franchise in 20084:49 The moment she decided to buy the brand5:14 Franchisee vs franchisor — two different businesses7:47 State of JBF at acquisition — 150 locations, 31 states8:40 Redefining culture and core values9:04 Introducing minimum royalty responsibility10:23 How EOS transformed the business12:06 The road show — visiting 8 major markets in year one13:06 EOS explained — rocks, L10s, quarterly sprints14:58 Technology — the hardest challenge16:33 Helping franchisees implement EOS18:48 The 10-year vision — becoming a household name19:36 101% increase in average unit volume
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20 MIN