{"id":10403,"date":"2012-05-08T17:01:35","date_gmt":"2012-05-08T21:01:35","guid":{"rendered":"https:\/\/www2.franchisegator.com\/articles\/?p=10403"},"modified":"2024-03-07T16:19:18","modified_gmt":"2024-03-07T21:19:18","slug":"qa-with-reagan-rodruiguez-of-5th-avenue-acquisitions-venture-capitalists-10861","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/qa-with-reagan-rodruiguez-of-5th-avenue-acquisitions-venture-capitalists-10861\/","title":{"rendered":"Q&#038;A with Reagan Rodruiguez of 5th Avenue Acquisitions &#038; Venture Capitalists"},"content":{"rendered":"<p><strong>Learn more about the outstanding<br \/>\n opportunity with 5th Avenue Acquisitions &amp; Venture Capitalists<\/strong> <strong>through<br \/>\n this interview with Reagan Rodruiguez, CEO\/ Managing Partner. <\/strong><\/p>\n<p>\n <strong>What makes your industry attractive? <\/strong><\/p>\n<p>You will act as a legacy planner for your clients and in the<br \/>\n business community. Your work will matter. It will leave a legacy. You&#8217;ll have<br \/>\n the opportunity to build your own M&amp;A organization. This will allow you to<br \/>\n develop your own style and method of developing your business. As your practice<br \/>\n continues to grow, you will be exposed to many additional business<br \/>\n opportunities that you can choose to participate in either actively or<br \/>\n passively.<\/p>\n<p><strong>What types of qualities do you look<br \/>\n for in potential franchisees?<\/strong><\/p>\n<ul>\n<li>Current\/past ownership experience or responsibility at the<br \/>\n President\/GM or C-level<\/li>\n<li>A &quot;builder&quot; mentality; not happy simply making a stable income<\/li>\n<li>Connections with other key leaders &#8211; business owners, CPA&#8217;s,<br \/>\n bank presidents, economic development directors, etc. &#8211; or the desire and<br \/>\n ability to quickly establish those relationships<\/li>\n<li>A good reputation in the local community and well respected with<br \/>\n people&nbsp;you&#8217;ve&nbsp;done business with in the past<\/li>\n<li>Board member experience &#8211; community, not-for-profit or other<br \/>\n for-profit<\/li>\n<\/ul>\n<p><strong>What do your franchise fees and<br \/>\n royalties cover?<\/strong><\/p>\n<p>Certification<br \/>\n to do Valuations for the Dental and Medical profession.<\/p>\n<p><strong>How do territories work for your&nbsp;<a title=\"\" href=\"\/\">franchisees<\/a>?<\/strong><\/p>\n<p>They<br \/>\n acquire the city that they want and if they have friends or family that is in<br \/>\n the medical profession in other states we can add that to their territory.<\/p>\n<p><strong>Why has your business model been successful?<\/strong><\/p>\n<p>Our<br \/>\n recipe is our Valuations and the relationship we have with a Private Equity<br \/>\n Group that will do 100% financing <\/p>\n<p><strong>Where do you see5th Avenue<br \/>\n Acquisitions &amp; Venture Capitalists in 5 years and 10 years?<\/strong><\/p>\n<p>Publicly<br \/>\n traded with stock options to all Partners at 5<sup>th<\/sup> Avenue Acquisitions<br \/>\n &amp; Venture Capitalists.<\/p>\n<p><strong>What is your favorite advice for new<br \/>\n franchisees to help them succeed?<\/strong><\/p>\n<p>Put<br \/>\n together a Board of Advisors that will help you grow your Firm and help with<br \/>\n accountability.<\/p>\n<p><strong>What would you tell potential<br \/>\n franchisees that may be nervous about the <a title=\"\" href=\"\/franchise-financing\/\">financial<\/a> burdens of starting a<br \/>\n franchise?<\/strong><\/p>\n<p>With<br \/>\n this business model focus on making just one sale because just one acquisition<br \/>\n can bring you $100,000 to $300,000 per sale. Take things one step at a time.<\/p>\n<p><strong>&nbsp;What was your background and experience before<br \/>\n founding this franchise?<\/strong><\/p>\n<p>Private<br \/>\n Equity and Business Brokering<\/p>\n<p><strong>Can you tell<br \/>\n us more about your industry and what makes it so attractive? <\/strong><\/p>\n<p>We take a situation that has promise and connect the right<br \/>\n relationships to turn it into a dream come true. The interests and passions of<br \/>\n the seller &amp; buyer drive us.<\/p>\n<p>Now we don&#8217;t do this for just anyone or for any type of business.<br \/>\n We are specialists. We focus on the Dental, Veterinary, <a title=\"\" href=\"\/industries\/healthcare-senior-care-franchises\/medical\/\">Medical<\/a>\/Surgery,<br \/>\n Ophthalmologist, and Optometry practices who need to grow or need to change.<br \/>\n Here&#8217;s a great profile to start with: an existing dentist or veterinarian that<br \/>\n is wanting to retire, has a health challenge, going through a transition, or is<br \/>\n looking to add on a partner and sell off part of his practice. We simply call<br \/>\n them sellers. They have an asset of value and are ready to make a change.<\/p>\n<p>Of course there can be no sale until there is a qualified buyer.<br \/>\n The buyers we serve best have been an associate at a practice for at least 2<br \/>\n years and may not happy with the amount of hours he\/she has to work. On top of<br \/>\n that, they are probably not happy with the pay. This is an individual who is<br \/>\n motivated to be in business for themselves. They are itching to do things<br \/>\n better and make their mark.<\/p>\n<p>The reason it is a great industry to start a business in today is<br \/>\n because Healthcare is needed regardless of the economy and the baby boomers are<br \/>\n the largest block of people in America and now is the time that they are<br \/>\n wanting to retire and if they are Dentists, or Physicians then they are wanting<br \/>\n an exit strategy so that they can retire.<\/p>\n<p><strong>How has your industry changed in the last 10<br \/>\n years?&nbsp; 20 years? <\/strong><\/p>\n<p>Most<br \/>\n Doctors are not aware that they can sell their patients and that they can walk<br \/>\n away with enough to retire on.<\/p>\n<p><strong>What makes the 5th Avenue Acquisitions &amp;<br \/>\n Venture Capitalists&#8217; &nbsp;business<br \/>\n opportunity more attractive than your competitor&#8217;s? <\/strong><\/p>\n<p>We<br \/>\n are able to get 100% financing and our average commission is from 100,000 to<br \/>\n 300,000 and most business brokers sell 200,000 dollar businesses that will only<br \/>\n make them 20,000<\/p>\n<p><strong>Describe the ideal candidate.&nbsp; Do you think your requirements are any<br \/>\n different than your competitor&#8217;s?<\/strong><\/p>\n<p>Our job is to ensure &#8216;the right people get on the bus&#8217; in our<br \/>\n territory, and we are blessed to have a great foundation of fabulous people to<br \/>\n build from. The people on our team are easily some of the best people we&#8217;ve<br \/>\n ever had the privilege to work within our lives. 5th Avenue Acquisitions<br \/>\n provides a phenomenal &#8216;bus&#8217; with the best tools and methodologies and resources<br \/>\n in the industry. Coupled with the right people, the &#8216;bus&#8217; will get to the right<br \/>\n place. In fact, we&#8217;re so serious about this that our Board of Advisors helps us<br \/>\n formally decide who will be awarded the chance to join our team.<\/p>\n<p>The <a title=\"\" href=\"\/articles\/\">support<\/a>, training, intellectual property and sheer opportunity<br \/>\n 5th Avenue Acquisitions &amp; Venture Capitalists provides is world-class. Our<br \/>\n future is limitless, so long as we continue to add the right people &#8211; people<br \/>\n with the passion to help others, the passion to be a change agent, the<br \/>\n leadership skills to work with Doctors and Hospitals, the guts and determination<br \/>\n to succeed at the highest levels and the commitment to learn, master and apply<br \/>\n the business development processes and framework in the 5th Avenue tool-kit. In<br \/>\n addition, Partners &amp; Associates that join our team will be excited to do<br \/>\n business within our 14 Points of Culture, will be great team players and will<br \/>\n be great representatives of our brand.<\/p>\n<p>My objective for every 5th Avenue Acquisition &amp; Venture<br \/>\n Capitalist partner of ours, as they move forward, they will feel called to<br \/>\n leverage the systems, strategies, methodologies and opportunities 5th Avenue<br \/>\n has provided to buy, build and grow a portfolio of businesses in other&nbsp;<a title=\"\" href=\"\/industries\/\">industries<\/a> over time. These businesses will have strong principal-based<br \/>\n cultures similar to 5th Avenue and be a vehicle to not only help create more<br \/>\n wealth, but to also provide a place for exceptional people at all levels (from<br \/>\n shop floor to the C-level) to be able to contribute and reap the rewards of<br \/>\n hard work and a great culture and all be treated with the same level of dignity<br \/>\n and respect as human beings. That provides us a platform to help many more<br \/>\n people than we can today (only a small % of people are a great fit for 5th<br \/>\n Avenue Acquisitions) and be able to fulfill our passions, while having a whole<br \/>\n lot of fun growing more businesses. Eventually you will get into larger<br \/>\n acquisitions like Reagan Rodriguez is involved with currently.<br \/>\n Chemistry is important, therefore they have to fit into our culture. Our<br \/>\n culture means that every member of the team is committed to their own success<br \/>\n and personal development. In other words, we are all committed to our own<br \/>\n learning.<\/p>\n<p><strong>What&#8217;s the strongest skill you require in a<br \/>\n candidate?&nbsp; <\/strong><\/p>\n<p>Patience<br \/>\n between all parties is important. In this generation of instant food, instant<br \/>\n information and instant messaging we must not forget the great virtue of<br \/>\n patience. Patience is not procrastination or delaying an obligation; it is<br \/>\n waiting for the right time. In the appropriate moment we will achieve better<br \/>\n results and avoid many difficulties throughout the acquisition.<\/p>\n<p><strong>Describe the working environment of your<br \/>\n franchisees (indoors, home office, mobile, etc).&nbsp; Is your environment typical of other<br \/>\n companies in your industry?<\/strong><\/p>\n<p><a title=\"\" href=\"\/categories\/home-based-business-franchises\/\">Working<br \/>\n from home<\/a>, setting your own timetable, spending time with family and friends,<br \/>\n knowing that the hard work you do is for your own company and, not having to<br \/>\n climb a so-called corporate ladder. This is what lifestyle is all<br \/>\n about -remember, business is supposed to give you a life, not take it away<\/p>\n<p><strong>Why has 5th<br \/>\n Avenue Acquisitions &amp; Venture Capitalists been successful?<\/strong><\/p>\n<p>Going into business for yourself does not create wealth and<br \/>\n freedom &#8211; a proper Exit Strategy with proprietary methodologies on acquisitions<br \/>\n create wealth and freedom!<br \/>\n Being in business for yourself does not have to mean being in business by yourself.<br \/>\n Working with 5thAvenue Acquisitions can be the key to overcoming those<br \/>\n weaknesses that threaten to cause business failure. 5th Avenue Acqusitions &#8211; Partners use our proven Business Performance Review and Mentoring System to<br \/>\n rapidly identify performance gaps and then provide the support and<br \/>\n accountability to achieve winning results.<\/p>\n<p>Use the proprietary methodologies<br \/>\n of 5th Avenue Acquisitions <\/p>\n<p>There is a vast difference between working &quot;IN&quot; your business and<br \/>\n working &quot;ON&quot; your business. By<br \/>\n acquiring into a partnership\/firm with 5th Avenue Acquisitions we will show you<br \/>\n how to create the time you need so you can build a business that works harder<br \/>\n than you do, even when you&#8217;re not there. Learn how to create a lifestyle rather<br \/>\n than a life sentence.<\/p>\n<p>Do you want to wait and see what the economy does, hoping it gets<br \/>\n better.&nbsp;Fortunes are always being made, regardless of the economy. There is no better<br \/>\n time to take charge of your business future than right NOW! Sitting on the<br \/>\n sidelines waiting for something to happen is the surest way to miss out.<br \/>\n Learning to master your &quot;Attitude &amp; Mindset&quot; is one of the most important<br \/>\n skills that you can develop during a rough economy. While others panic or<br \/>\n freeze in their uncertainty, those who keep their wits and take action are the<br \/>\n ones who will win big.<\/p>\n<p>As a 5th Avenue Acquisition Partner we will teach you how to<br \/>\n become an equity partner as a Venture Capitalist which will help you take your<br \/>\n net worth exactly where you want it to go!<\/p>\n<p><strong>What advice would you give someone interested<br \/>\n in buying a franchise in your industry?&nbsp; <\/strong><\/p>\n<p>We<br \/>\n are conscious of our time, and responsible for our abilities and ideas. Our<br \/>\n attitude is one of earning our way through life. Life is a gift and what we do<br \/>\n with it is in our hands. Things don&#8217;t just happen, we must make them happen. We<br \/>\n are not born with wealth, but have been given the ability to create it. And for<br \/>\n us, creating wealth is the marker of success &#8211; financial and relational. The<br \/>\n key to wealthy living is a productive life. The only thing we leave is our<br \/>\n character and reputation. Our character is developed by how productive we have<br \/>\n been in our work and in our lives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn more about the outstanding opportunity with 5th Avenue Acquisitions &amp; Venture Capitalists through this interview with Reagan Rodruiguez, CEO\/ Managing Partner. What makes your industry attractive? You will act as a legacy planner for your clients and in the business community. Your work will matter. It will leave a legacy. You&#8217;ll have the opportunity <a href=\"https:\/\/www.franchisegator.com\/articles\/qa-with-reagan-rodruiguez-of-5th-avenue-acquisitions-venture-capitalists-10861\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Q&#038;A with Reagan Rodruiguez of 5th Avenue Acquisitions &#038; Venture Capitalists<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-10403","post","type-post","status-publish","format-standard","hentry","category-interviews"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Q&amp;A with Reagan Rodruiguez of 5th Avenue Acquisitions &amp; Venture Capitalists - Franchising Blog<\/title>\n<meta name=\"description\" content=\"Learn more about the outstanding opportunity with 5th Avenue Acquisitions &amp; 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