Interested in buying a franchise? https://www.frandawgs.com/buy-a-franchise   For multi-unit franchisees looking to sell their locations: https://www.fdcapitalgroup.com/  Kal walked away from a Wall Street career to chase his dream of entrepreneurship — and went 5-for-5 picking winning brands. From butcher shops and pizzerias to Orangetheory, European Wax Center, Marco’s Pizza, Dave’s Hot Chicken, and Popup Bagels, he’s scaled to over 100 locations with a private-equity style approach. We dig into how he evaluates franchise opportunities, why diversification matters, how he handles scale and capital raises, and what it really takes to build brands that print cash. If you want to learn how the best operators think about brand selection, growth, and exits — this is the playbook. Follow Kal:  Personal LinkedIn: https://www.linkedin.com/in/kal-gullapalli-91a7525/  MPZ Holdings: https://www.linkedin.com/company/mpzholdings/posts/?feedView=all  Timestamps (YouTube/Spotify Chapters):  0:00 – From Wall Street to entrepreneurship  3:00 – Buying butcher shops & early lessons  7:30 – The bet on Orangetheory  13:00 – Scaling European Wax Center to 50+ locations  19:00 – Surviving COVID & raising capital  24:00 – Why Marco’s Pizza became the anchor brand  31:00 – Entering Dave’s Hot Chicken at the perfect time  38:00 – Site selection, unit economics & the secret to growth  44:00 – The rise of Popup Bagels and reinventing a category  50:00 – Diversification vs. going deep in one brand  52:00 – Kal’s daily routine & what’s next