The Show for Franchise Owners, Investors, and Founders

FranDawgs is a media platform discussing how to start, scale, and exit your franchise empire. Our primary focus is QSR, with an eye on all franchises.

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December 2, 2025

How Private Equity Thinks About Franchising

Most people think private equity “kills” franchise brands. But in this episode, Adam Lewin — CEO of Wonder, a holding company for franchisors and multi-site operators — explains why the truth is far more nuanced.

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