Content
Everything, in one feed.
Essays, podcast episodes, and social posts. Filter to whatever you came for.
Podcast · The Cole Borror Show · Aug 6, 2026
Why most franchisees stall at 10 units
The capital stack that works for your first ten locations is the same one that caps you there. Breaking down where operators hit the wall and what changes on the other side.
Writing · Essay · Jul 29, 2026
Net lease is a financing product, not a real estate product
Once you see NNN as a way to move capital rather than a way to own buildings, the whole category reads differently. A short argument with numbers.
Podcast · The Cole Borror Show · Jul 22, 2026
Buying 17 locations in 60 days
A full walkthrough of the Meineke roll-up: how the LOI was structured, where the capital came from, and what nearly killed it two weeks before close.
Social · X · Jul 18, 2026
Sale leasebacks are the most misunderstood tool in franchising
You are not selling your business. You are selling the box it sits in, and renting it back on your terms. Thread on when it works and when it absolutely does not.
Writing · Essay · Jul 9, 2026
What door-knocking foreclosures at 19 taught me about underwriting
Every spreadsheet I build now traces back to a driveway in Fort Lauderdale and a conversation I was not qualified to have.
Social · LinkedIn · Jun 30, 2026
Your development agreement timeline is a countdown clock
Most franchisees treat the DA schedule as aspirational. The franchisor does not. Here is what happens when you fall two units behind.
Podcast · The Cole Borror Show · Jun 24, 2026
The PropCo / OpCo split, explained simply
Two companies, two balance sheets, two completely different risk profiles. Why separating them is the single highest-leverage structural decision an operator makes.
Social · X · Jun 11, 2026
Five lenders for one deal is not diversification
It is five chances for your closing date to slip. Consolidate the stack.
Writing · Essay · May 28, 2026
Good unit economics beat a good brand name
We underwrite the four-wall performance before we look at the logo on the building. An argument for being brand-agnostic in franchise real estate.