Entrepreneur Ebony Cochran recently gifted herself with a unique birthday present: She purchased a Little Caesars Franchise.
“I wanted to give myself the opportunity to run a business and not just be self employed,” Cochran wrote in an Instagram post shared on Aug. 28. “I needed to have a business unlike one I ever had before, one that would thrive regardless, and one thing I know for sure is that people will always eat. Having a family business has always been a dream of mine, but this route allows me to not have to build it from scratch.”
She added, “This is my 15th year as an entrepreneur, and honestly I’m tired of building from brick by brick!”
Little Caesars pizza restaurant franchise requires a total investment starting at $379,000. Potential owners should have a net worth of $350,000 and have liquid assets of $150,000, according to the Little Caesars website.
The Detroit resident began exploring entrepreneurship when she was only 20 years old when she launched The Tax Place. Eventually, the business was sold to H&R Block. Cochran signed a non-compete agreement in which she was able to retain her clients for two years. At the same time, Cochran was building a following online as the “Credit Stylist” and launched Blackwood Credit Services, a consulting firm supporting consumers and entrepreneurs to enhance their credit standing and finances. With her recent purchase of Little Caesars, Cochran became the first Black woman in the city of Detroit and Wayne County, one of the company’s franchises.
Building Generational Wealth
Cochran launched her first business when she was 20 years old with a 2-year-old daughter. Today, her daughter, affectionately referred to online as “La” is reaping the benefits of her mother’s hard work.
Cochran was able to purchase the franchise through an all-cash deal as a result of her other business dealings. And in doing so, Cochran has inspired her daughter to explore other forms of entrepreneurship.
“Just because being an entrepreneur for the last 15 years is my thing, that doesn’t mean that it will be my girl’s profession,” Cochran wrote on Instagram. “She told me that she wanted to start working outside of Blackwood soon and this was already in my back pocket. Her expressing that she wanted to punch a clock inspired me to complete the deal. When I told her we purchased it she didn’t seem surprised. Her response was ‘well that seems like something that you would do.’ I took it as a compliment.”