Drew Brees Talks Making a “Damn Good Life” on Franchise Ownership

Drew Brees has left one arena (football) to enter another.

  • The retired signal caller, who won a Super Bowl with the New Orleans Saints, works with the International Franchise Association. He himself is a franchise owner with a stake in several eateries such as Jimmy John’s and Walk-Ons Sports Bistreaux.

Why it’s important: Even when they’re part of global brands, franchisees are actually small businesses, as Brees explained to Axios in an exclusive interview.

  • The sector has still not fully recovered from the pandemic as it faces headwinds from inflation, labor shortages and a potential economic slowdown.

What he says: “A big advantage of being part of a franchise system is that you have a support structure for everything you need, which is different than a mom-and-pop operation where you’re on your own,” Brees told Axios. “You don’t have a support network that’s there to set you up for success.”

Zoom out: The IFA estimates that nearly 800,000 American franchise businesses support over 8 million jobs, contributing nearly 3% to the gross domestic product.

  • Although franchise owners get the benefit of support from the primary brand, owners still have to book large amounts of start-up capital, which varies based on how many locations an individual owns, and overhead costs. But the growth potential is considerable, says Brees.
  • Owning multiple franchisees offers the opportunity to make a “damn good living,” he tells Axios. “It employs many people, it is job creation [and] economic development.”

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