6 suggestions from a $14 million lottery winner: how Jason Fry recovered from near-bankruptcy

After operating it solely two and half years, Batteries Plus is now the chain’s No.1 retailer within the nation

  Photograph: Naples Information

Just a few years again, Jason Fry wasn’t dwelling the American Dream.

The almost 6-foot, 6-inch burly man was diligently slaving every day utilizing the usual system for achievement.

However regardless of his laborious work and persistence, he remained on the point of chapter.

That’s till a co-worker’s 18th birthday three days earlier than Christmas.

This fortunate day in 2007 introduced him a share of a $47 million Florida Lottery win, and he was set for all times.

He purchased a brand new Cadillac Escalade and some weeks later ferried his buddies in a limousine bus to the Citrus Bowl in Orlan.

Jason Fry acquired a Golf World 2 Driving Vary in Fort Myers utilizing a few of his lottery winnings

  Photograph: Enterprise Observer

There he had bought a bit of tickets on the 50-yard line to look at the College of Florida play the College of Michigan in soccer.

Then, pushed by his love of golf, Fry additionally acquired a Golf World 2 driving vary in Fort Myers and has plans to develop one other one.

Six classes Jason Fry discovered alongside the way in which:

  • Completely analysis a enterprise earlier than you soar in. Fry all the time needed to personal a bar, however he says his analysis exhibits it’s a dangerous enterprise. As a substitute, he says he constructed a “man cave” at house that satisfies that urge. “You’ve received to suppose: Is that this going to outlive?” he says.
  • Keep versatile. You must alter your small business to what prospects need.
  • Take heed to individuals. Contemplate how different entrepreneurs have fared in your business.
  • Watch out with pals, particularly with regards to lending them cash.
  • Make investments conservatively, and don’t be grasping. Success received’t come in a single day however in small steps.
  • Household is necessary. Fry makes time for his youngsters, even when he’s most busy.

He acquired the golf driving vary with a enterprise accomplice on Daniels Parkway in Fort Myers for $50,000, leasing the property later within the 12 months.

The vary now generates $300,000 in annual revenues.

“The vary has been nice for me,” Fry says. “It was a $50,000 golf membership.”

The Daniels driving vary has been so profitable that Fry acquired 30 acres on Alico Street close to Interstate 75.

On that website he plans to construct one other driving vary as a part of a enjoyable park that can embrace batting cages and bumper boats.

Florida Lottery winner Jason Fry at his driving vary

  Photograph: Equipped

Sooner or later, Fry says he’d wish to run for political workplace as an impartial candidate.

However Fry, 39, shortly bored with the straightforward life. He laughs that he couldn’t persuade any of his working pals to hang around on the seaside on Mondays.

So in 2009 he acquired a BatteriesPlus retailer in Fort Myers, and the franchise rights to 3 extra. 

“I believe the battery factor is nice, it is blowing up so massive. I imply all the things is batteries, and the franchise itself is blowing up, persons are eager to get into it,” Fry stated.

Jason franchised three extra BatteriesPlus shops which have since opened in native procuring facilities

  Photograph: Equipped

Fry and a number of other traders acquired the franchise rights to 3 extra BatteriesPlus shops for one more $1 million, which have since opened in procuring facilities in Bonita Springs, Cape Coral and Naples.

He expects every of the three newer shops to exceed $1 million in annual gross sales.

“While you take a look at their numbers, it’s a no brainer,” says Fry, who plans to share income with traders by the use of a dividend.

Jason expects every of the three newer shops to exceed $1 million in annual gross sales

  Photograph: Equipped

“I received individuals phoning me all day, they see it is an A+ franchise, they see the numbers, they see how nice of a enterprise it’s, individuals simply name me and wish to know extra about it.”

Fry says he cannot keep nonetheless and is all the time searching for the subsequent alternative. “I’m over-ambitious,” he smiles. 

Jason Fry explains the teachings he discovered from his lottery successful

  Photograph: Equipped

Jason advises earlier than leaping right into a enterprise, it is sensible to look into it fastidiously. He as soon as dreamed of proudly owning a bar however discovered this sector might be fairly dangerous.

As a substitute, he arrange a particular hangout spot at house, fulfilling his want in a safer means.

He advises considering laborious about whether or not a enterprise thought will actually work out. It is also necessary to remain open to alter, adapting your small business based mostly on what prospects like.

Listening to the experiences of others who’ve began comparable companies may be actually useful.

Relating to cash issues with pals, it is best to tread fastidiously. Investing your cash correctly and patiently is vital, as success normally would not occur in a single day.

For Fry, regardless of how busy he will get, making time for his household is all the time a high precedence.

READ MORE: Enterprise Observer


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