Welcome to Franchise Breakdowns, a weekly email covering up & coming franchises & the entrepreneurâs behind them. If youâre reading this but havenât subscribed, you can do so here:
Gm franchise fans,
November is upon us (wow!). Iâm kicking it off by changing up the format (and name) of this newsletter. Rather than doing an analysis on 2 brands each week, Iâll now be doing 1, but will also include a dedicated section for franchise M&A and growth news, and a few other components.
My goal here is to provide a more comprehensive overview of franchising and the entrepreneurâs behind them, rather than just isolated analysis on individual brands.
If you absolutely hate the new format - feel free to reply to this email and let me know.
Also, Iâm exploring the idea of creating a guide of sorts around the best way to find franchises and navigate that due diligence process. If thereâs anything specific under that topic that youâd like to know about, shoot me a reply via email so I can cover it!
Thanks and see you at the bottom đđ
DISCLAIMER: Nothing in this email is financial advice or a recommendation for any franchise investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Franchise Headlines
Spotlight: Code Wiz Acquired By Tutor Doctor
This story is important for two reasons:
1). The founder, Ruth Agbaji, is a Nigerian immigrant who grew up without electricity and running water. After teaching herself to code by spending hours in an internet cafe, she earned a scholarship for Computer Science at Tuftâs, which she then parlayed into a job at Microsoft. If that wasnât enough, she decided the corporate life wasnât for her so she started Code Wiz in 2017.
âWeâre not investing in Code Wiz. Weâre investing in youâ, Tutor Doctor said to Abigail upon the acquisition.
What an amazing success story!
2) This story also highlights the growing trend of boutique education concepts being scooped up by private equity. Code Wiz joins Snapology, Engineering for Kids, Sylvan Learning, and Code Ninjaâs as the latest brand to be acquired.
More News
Sweetgreen Files To Go Public
The salad chain is reporting an AUV of $2.5M
The Crumbl Cookie Craze
A Crumbl franchisee is off to a HOT start in the northeast*
Fuzzyâs Taco Shop Owner To Start Acquiring Other Brands
The Private Equity Hold Co. Playbook is being rolled out once again**
Popeyes is Heading to Romania đˇđ´
The fried-chicken giant has committed to 90 restaurants over the next 10 years
*Re-read the report from Week 5 for analysis on the Crumbl franchise opp
**Re-read the report from Week 2 for analysis on the Fuzzyâs franchise opp
Breakdown: LaundroLab
Fast Facts
Background
Founded in 2018, franchising since 2020
Based in Charlotte, North Carolina; 1 unit open, 17 in development
Each laundromat comes with cash or credit card payment options, free Wi-Fi, ample folding space, TVs, a kidâs area, games, vending machines, and a loyalty reward program
Fees + Investment
Royalty: 6% of gross revenue
Brand Fund: Up to 2% of gross revenue, currently set at 1%
Franchise Fee: $49,500
Initial Investment: $321,330 - $482,650
Financial Performance
The following table illustrates historical data from the affiliate owned business. The affiliate did not pay royalties or make advertising contributions, but those costs were imputed to reflect that of a franchisee.
The Wolfâs Take đÂ
EBITDA of $230K in year two off of a $483k investment? Sign me up!
I am legitimately PISSED that I donât have the cash available right now for one of these. If you follow @Codie_Sanchez on Twitter then you already have read the Gospel of Cash Flowing Laundromats and know how amazing these businesses can be.
I love what LaundroLab is doing because they:
A) use modern technology for everything and donât require you to use spare change, and B) theyâve turned the typical laundromat (which is usually old, dirty & depressing) into a modern DESTINATION by adding free wifi and a few TVs, vending machines, arcade games, etc.
Theyâve done this without driving up the costs to where the unit economics donât make sense. The only drawback (or benefit depending on your risk tolerance) is that itâs super early in their growth - they literally only have 1 unit open and operating - so there is little proof of concept at the moment.
But remember, you arenât subscribed to this newsletter to find out about big brands AFTER they blow up - keep an eye on them or go to their website and start due diligence now. 1 unit open means thereâs nothing but open territory waiting to be pounced on. Happy hunting! đ
Recent Press
Twitter Watch đ


If youâre free Tuesday afternoon, tune into the conversation!
Thatâs it for this weekâs Franchise Breakdowns. Feel free to reply with any questions or feedback, or leave a comment. If someone sent this your way and you havenât subscribed yet, you can also do that below. Thanks and see you next week!
NOTICE REGARDING FRANCHISE INFORMATION
The Wolf of Franchises does NOT guarantee the financial performance of any franchise mentioned. The decision to purchase a licensed affiliate or franchise must be based on your own independent research. The Wolf of Franchises is not liable for any representation made by an affiliate, associate, marketing material, or Franchise Disclosure Document of a franchise with respect to real estate, financial, operations, or marketing performance of the business being acquired.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only, and any financial data is based upon information provided by franchises in their respective Franchise Disclosure Document. The offer of a franchise can only be made through the delivery of a franchise disclosure document, from a certified seller of the brand, which The Wolf of Franchises makes no claim to be. Do not consider any information here as a guarantee of financial performance. The Wolf of Franchises has no affiliation or relationship of any kind with any of the brands covered in this newsletter, but simply provides data that is publicly available online or in Franchise Disclosure Documents.
All data from Franchise Disclosure Documentâs is based on past performance, and if you were to purchase a franchise covered in the Wolf of Franchises newsletter, there is absolutely no guarantee that your business will perform similarly to existing owners of said franchise.