JF2916: Two Lifetimes of Lessons on Scaling ft. Richard Simtob

Richard Simtob has been an entrepreneur since he was young, getting involved with his first franchise during college. Throughout his career, he has scaled franchises for chains like Wireless Toyz, Zoup! Eatery, Goldfish Swim School, Creative World School, and Official Driving School. It wasn’t until recently that Richard got into real estate, and it was all thanks to his now 21-year-old son, Brad. 

Today, Richard is a syndicator and investor, serving as a GP of 401 units and an LP of 12 multifamily investments. In this episode, Richard tells us about the dynamic he and his son have established as co-GPs, how he’s been able to transfer his knowledge of scaling businesses from franchising to real estate, and his advice to young people on how to structure a company partnership.

 

Richard Simtob | Real Estate Background

• Syndicator and investor. Business owner of eight Goldfish Swim Schools, Statewide Driving Education, three early childhood education schools, and Simtob Management Investment.
• Portfolio:
• GP of 401 units
• LP of 12 multifamily investments
• Based in: West Bloomfield, MI (summer), Aventura, FL (winter)
• Say hi to him at:
• simtob.com
• LinkedIn
• Greatest lesson: You don't get what you wish for, you get what you work for.

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