Developing Emerging Concepts with Shirin Kanji of Impact Properties

Shirin Kanji is responsible for overseeing all of Impact Properties investment related activities and directly oversees the newly formed retail division which includes 75 Rent a Center franchised locations and 2 CARSTAR franchised locations. Mr. Kanji holds a B.S. in Finance and Political Science from NYU Stern School of Business and an M.S. in Real Estate Finance & Development from NYU Real Estate Institute. Mr. Kanji is a member of YPO Florida chapter, part of the NYU Alumni Advisory Board for the West Coast of Florida chapter and the NYU Alumni Mentor Network. Key Takeaways: [0:18] Today’s episode of Franchise Euphoria is brought to you by IndyFranchiseLaw.com, a leading resource in the franchise space. Head over to IndyFranchiseLaw.com learn more! [0:59] Josh introduces today’s guest, Shirin Kanji, who is responsible for overseeing all of Impact Properties’ investment-related activities. [2:05] Josh welcomes Shirin to Franchise Euphoria. [2:27] Shirin tells the Impact Properties story, which begins when his father immigrated to the United States in the 1970s. [5:20] In the mid- to late-80s, Shirin’s family signed onto a hotel franchise development deal. [7:01] Shirin worked in finance on Wall Street for a few years after college before deciding to join the family business with Impact Properties. [10:50] As Impact Properties moved into the restaurant industry, they found that they could pair their hotels and restaurants to provide a premium product. [14:16] Shirin explains the importance of crafting a concept that is scalable and looking at replication into other markets to maximize your success. [17:29] Shirin agrees with Josh’s notion that there isn’t an exact science to signing on with a franchise opportunity and the most important thing is to find a semblance of comfort with the right opportunity. [18:47] Recently, Shirin has been involved with the development of a variety of brands including Rent-A-Center and BurgerFi. [21:28] Some factors that Shirin looks for in a quality franchise system include the level of support you’ll receive and making sure existing franchisees are satisfied with the system. [26:25] If you want to learn more about Impact Properties, you can visit the website listed below. [27:07] Thanks for listening, and please, reach out to Josh anytime through email at [email protected]. If you enjoyed this interview, please leave us a review on iTunes.   Mentioned in This Episode: [email protected] www.franchiseeuphoria.com www.indyfranchiselaw.com http://www.impact-properties.com @ShirinKanji www.linkedin.com/in/shirinkanji