How Five Guys From California Laid The Foundation For A $670 Million Home Improvement Business

  • 📰 Forbes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

How 5 guys from California laid the foundation for a $670 million home improvement business: by KarstenStrauss

In 1992, just a week before launching a brand new window treatment installation company, Budget Blinds, Chad Hallock broke his foot while water-skiing.courtesy of Chad Hallock

The company's five founders—Jackson, Lewis, Forbes and the Hallock brothers—sold their stakes three years ago when the enterprise was acquired by Trilantic Capital Partners for an undisclosed sum. In 1995, to spur growth, Budget Blinds raised its franchise fee to $25,000 in order to incentivize franchise brokers, whose job was to lead prospective franchisees to the brand in exchange for a cut of the franchise fee. By 1998, Budget Blinds had sold 50 locations, and the following four years saw another 150 added to the tally.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

KarstenStrauss I'm pretty sure they're all the same person

KarstenStrauss You said 'laid'

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CWT International defaults on $179 million loan, parent HNA sees no impact on businessCWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on...
Source: Reuters - 🏆 2. / 97 Read more »

Michael Avenatti charged with stealing millions from clients to pay for his coffee business and jetThe Justice Department announced 36 charges of fraud and embezzlement against the combative lawyer who became an antagonist to President Donald Trump. Another person who ended up being a disappointment. Democrats won’t care. They’ll still want him to be President MattGlantz
Source: USATODAY - 🏆 100. / 63 Read more »

SpaceX Is Raising $500 Million Amid Internal Questions Over Satellite Internet BusinessElon Musk’s SpaceX is raising another $500 million in funding as its president has raised questions about the viability of an internet-via-satellite business considered key to the company’s growth. Maybe space x can help with the delivery of the model 3s? 🧦🧦🧦🧦🧦
Source: WSJ - 🏆 98. / 63 Read more »

Deutsche Boerse buys Axioma for $850 million to create index analytics businessDeutsche Boerse is buying risk management software provider Axioma for $850 mill... Good business
Source: Reuters - 🏆 2. / 97 Read more »