384: Selling iTopIt
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 9 August 2021
⏱️ 58 minutes
🧾️ Download transcript
Summary
Selling iTopIt with Henry & David - why and how we sold our iTopIt frozen yogurt shop, after 10 years of profitable operations. Co-owners and business partners Henry Lopez and David Begin discuss the origins of this small business, what they did well and what could have been improved, and why they decided to sell this profitable business.
Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business.
Transcript
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| 0:00.0 | Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run, and grow your small business. And now, here is your host. Welcome to this episode of the How Well, This is Henry Lopez. And my co-host, David Begin, is back with me on this |
| 0:22.5 | episode. Welcome, David. Thanks for having me. I appreciate it, Henry. We're going to talk about |
| 0:27.8 | the recent sale of one of our businesses, I Top It, which was our frozen yogurt shop. For those |
| 0:34.3 | of you've been listening to this podcast, I'm sure you've heard me mention that |
| 0:37.7 | business many, many times. And David and I have chatted about it in previous episodes as well. |
| 0:43.8 | But we recently sold that business. And so we're going to chat about why and how after owning |
| 0:49.6 | that successful business for 10 years, why we decided and how we went about doing so. |
| 0:55.5 | So we're going to chat about that in this episode. |
| 0:58.0 | If you want to receive more information about the Howa Business, including the show notes page |
| 1:02.2 | for this episode, just visit The Howof Business.com. |
| 1:06.2 | But before we dive into it, David, I just want to get a brief update share with everybody |
| 1:09.6 | what's going on with you, since you're not on the show as often. So Car Wash OS has been what you've been |
| 1:16.5 | focusing on mostly update us on what's going on with that. Yeah, so I'm developing an operational |
| 1:22.5 | consulting company that focuses on operational consulting specifically for the tunnel car wash environment. |
| 1:30.1 | And so we called it a carwash OS. It stole a name from a business that Henry and I started |
| 1:35.6 | maybe three or four years ago and sunsetted. So we get some people that are a little bit |
| 1:40.9 | confused when we talk about car wash OS, but I wanted to develop |
| 1:44.4 | a series of programs to help new investors if they get in the Car Wash business, especially the |
| 1:49.0 | tunnel car wash business, kind of work on all the stuff that's got to be done before and during |
| 1:54.8 | and after a car wash opening so that they'll develop good operational habits and have the tools |
| 1:59.8 | and content necessary to make |
| 2:01.4 | sure that they're they're executing well in this very competitive car wash environment. |
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