Retiree Fulfills Company Goals, Owns 17 Splendor Salons in Walmart

Steve Ojeshina worked for 28 a long time in the automotive industry. In1989 he commenced at Nissan and moved to Basic Motors in 1995. Whilst doing work as a mechanical engineer, Ojeshina lived all in excess of the world in destinations like Japan, China, and Australia. Upon returning to the U.S. in 2004, Ojeshina settled in Michigan and worked for 13 much more yrs till retiring in 2017.

Like lots of retired Us residents, Ojeshina made a decision to shift to South Florida and speedily turned bored. Ojeshina preferred to do much more with his existence. When he was more youthful, he dreamed of possessing his very own business enterprise to effect the lives of some others and go it down to his children. With that thought in thoughts, Ojeshina explored franchising. He opened his 1st SmartStyle franchise in 2018, which speedily grew to 17 spots by 2019.

“I have a full of 17 splendor salons they are all positioned within Walmart,” Ojeshina advised BLACK Enterprise.

Ojeshina at his very first StretchLab spot in Wesely Chapel, FL

“I took more than the 1st 6 salons in April 2018, and I expanded by acquiring 11 extra salons in September 2019. The Franchisor is Regis Corporation,” Ojeshina shared.

“Our areas are in the Tampa and Orlando markets and have very good money move and revenues.”

The Ability of the Franchise Model

Ojeshina was drawn to franchising and SmartStyle because it is an founded organization with a terrific status, fantastic buyer foundation, excellent model awareness, and great management assist.

“Franchises are proven ideas with most, if not all, their methods in put. In the scenario of SmartStyle, I had the freedom and ability to run the business as if it was an unbiased business with tiny to no restrictions—which was very appealing to me.”

With his good results at SmartStyle, Ojeshina made the decision to diversify and spend in a distinct sector. He felt a potent enthusiasm for aiding others live pleased and healthful lifestyles. Ojeshina opened his 1st StretchLab Studio franchise in Wesley Chapel in November 2021. He opened a second locale in March 2022. His third place is scheduled to open up in July 2022 in Tampa, adopted by two additional. Even though there are quite a few boutique fitness franchise prospects, Ojeshina chose a 1-on-a person assisted stretching franchise mainly because he saw it as a refreshing wellness principle that did not exist in his group.

Generational Wealth

Ojeshina strategies to pass his corporations to his son, daughter, and grandchildren. His suggestions for future enterprise homeowners is to select a enterprise they enjoy and are extremely passionate about, have a purpose and drive to assistance many others, and be absolutely sure to investigation the viability of your selected marketplace. Ojeshina also advises business enterprise proprietors to shell out extremely shut focus to earnings and decline statements like profits, bills, and money flow (which is your base line). He says it is critical to make sturdy company and economical programs that contain funding, internet marketing, and advertising cash.

“Study the regional, condition, and federal laws, and if you are investing in an set up franchise, go to several destinations in your area and talk with latest house owners to search for expertise and information.”

Steve Ojeshina: Multi-Unit Franchise Owner

Steve Ojeshina: Multi-Unit Franchise Operator

“Starting my have companies has been an fantastic way to go after my desires of getting an entrepreneur although passing my legacy — abilities, function ethics, awareness, knowledge, and organizations to the following generation. It also retains my head lively by understanding new ideas from other businessmen and businesswomen that I am very privileged to interact with. It assists to satisfy my social lifestyle.”