Innovate: Preparing Your Business for Profitable Expansion

Over his 17 years as a shop owner, Greg Bunch, owner of five Aspen Auto Care locations throughout central Colorado, has mastered the art of measured business expansion. In this week's Innovate podcast, Bunch details everything a shop owner considering expansion should keep in mind.

Bunch says that, from reports he’s seen, 58 percent of shop owners want to be out of the business by 2020. In the next few years, there will be a tremendous opportunity for shop owners who want to go multi-store by buying out competitive shops.

To reach this point however, it’s vital to focus on building your business’s foundation, to ensure that success can be duplicated somewhere else. Bunch details how your shop can construct a “franchise manual,” and how you can find another location that best positions your brand for future success.