This is the very first Franchise Empire Newsletter. I’m really pumped to share this with you!
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Who?
If you like the idea of building your empire, meaning something that you own, then this is for you, and you are what’s called:
An Empire Builder.
It’s a term that I found myself saying a lot, and I hear a lot of other business people say…
“They built an empire”…
In the business sense, an empire is defined as…
“A large commercial organization owned or controlled by one person or group”
I’m going to take a wild guess, and say that you are someone who wants to do that…
To build an empire, but really…to build YOUR empire.
Whether you are an employee and just looking for your first business…
Or you are already an entrepreneur wanting to diversify your portfolio and keep your eyes on attractive business opportunities….
Maybe you are even a current franchisee, and you want to keep building and scaling your empire…
No matter what category you fall into, you are in the right place.
What?
A lot of things are changing here with me and my team and what we’re building.
Quite honestly a lot of it I don’t necessarily WANT to do, but when I ask myself ….
“How can I help the most amount of people and provide tangible value to them?”
This newsletter was one of the main things I came up with.
My intention is to bring you interesting stuff that will help you build your empire!
Like…
- Specific franchise businesses. There are some really exciting, and interesting franchise opportunities out there. We’ll share some of the numbers and interesting points about the businesses.
- Specific franchise resales. The idea of buying an existing business is attractive. We often have access to franchise resales that aren’t publicly listed, or easy to find even if they are.
- Case Studies/Interviews/Stories of franchise owners who have been there, done that and are in the trenches building their empire. You get an inside view to learn from their successes and mistakes.
- Franchise Infotainment. Every week we are putting out high quality video content meant to inform and entertain. We’ll drop our new releases and favorites here.
When?
Sundays at 8 am EST. It’ll hit your inbox.
That could change in the future, but for now that’s what it is.
Where?
Party in your inbox.
But, with Gmail and other email providers getting more and more stringent (thanks to the spammers of the world) it might be in your promotions or junk tab from time to time.
So make sure to add “[email protected]” to your contacts.
Or if you use Gmail just drag this email over into your primary inbox so you don’t miss any future editions.
Why?
I think I summed it up above 🙂
Tariq
CEO & Founder, Franchise Empire
Join Our Franchise Buyers Beta Course for
Aspiring Franchise Owners
FEATURED RESALE
Franchise resales possess many benefits for aspiring business owners – established cash flow, experienced employees, systems in place, and brand awareness to name a few.
This week, our featured resale comes from one of the more well-established brands in the industry: Budget Blinds. Budget Blinds, established in 1996, boasts more than 1,200 franchise units throughout the United States. They are industry leaders in providing high quality window coverings to consumers in a convenient way and at prices that fit almost every budget.
Budget Blinds - Moorestown, NJ Area:
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Started in 2021
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Moorestown, Collingswood and Haddon Heights territory
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Residential and Commercial window treatments
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Asking price of $315,000
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12-Month Revenue of $328,853
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2021 Dodge ProMaster City wrapped vehicle included
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Sales office with transferable lease
Franchise Empire’s Take:
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On the surface, this appears to be an underperforming territory(s) with lots of potential to grow. According to the Budget Blinds 2022 FDD, the average unit volume (AUV) for disclosed franchise locations with one territory was $905,302.
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Budget Blinds is one of the best brands in the industry, and is a service-based opportunity, which tends to allow for a fast ramp-up with potential to scale.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Devin completed our Zero to Profitable Franchise System and that led him to buy a Five Star Bath franchise.
Here are 5 Low Cost Franchises that make
$1,000,000 (Backed by Data)
Most People Waste Countless Hours Of Time Stuck In Confusion, Scoping The Internet, Trying To Find Winning Franchises.
This Will Save You So Much Time.
We’ve Done The Heavy Lifting For You And Narrowed It Down To 5 Low-Cost Franchises That Make $1,000,000 So You Can Save Yourself So Much time.
FRANCHISE OF THE MONTH
History:
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Corporate location started in 1996 in Canada and started franchising in 2002
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Acquired by Five Star Franchising in 2014 which is owned by FS PEP Holdco
Numbers:
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Corporate Owned Territories: 6
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Franchise Territories: 75
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Franchise Fee: $59,500
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Royalty: 6%-5% sliding scale (with minimums)
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National Marketing Fee: Up to 2.5% (with minimums)
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Total Investment Range: $113,000 – $253,000
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Term: 10 years
Description:
Five Star Bath Solutions offers quick, affordable bath/shower remodeling services. Their main focus is residential customers who aren’t looking to do a complete bathroom remodel, but instead make some major changes to the bath and/or shower. Most jobs are completed in just 1-3 days. The product itself is pre-cut and simulated to look like stone or marble so it appears like the real thing. The before and after pictures speak for themselves.
Financial Data:
Below tables taken from the Five Star Bath Solutions 2023 Franchise Disclosure Document – Item 19. This is just a snapshot of the 7 pages that are in the FDD.
Benefits for the Franchisee:
- Lead Gen – FSBS likes to say they are a marketing company who happens to do bath remodels. They claim 70%-90% of your leads will come from the advertising they do on your behalf.
- Small Team – You can start with just yourself and 1 installer. As your installer’s schedule gets full, you’ll add on another installer when it makes sense for the business.
- Simple Model – Without doing a complete overhaul of the bathroom, you’re able to get jobs done quickly and efficiently. You don’t need skilled labor as anyone can be trained to become an installer.
- Start From Home – They recommend that you start the business from home. You can lease a small 300-500 sq ft location but that is not required or recommended on day 1
- Call Center – In-house call center allows you to focus on sales and installation instead of setting appointments and answering questions.
- Item 19 – 7 pages of relatively transparent financials including net income breakdown for a corporate location. Median Gross Sales according to the chart above was $835,356. If you take the high end of the total investment ($253,000) you’re getting a potential 3.3x return on investment.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #25: Confessions of a Multi-Unit Franchisee (The TRUTH)
This is the most in-depth and tactical episode we’ve ever done…
Matthew is a multi-unit/multi-brand franchise owner who has owned as many as 6 territories at one time.
On today’s episode, Matthew held nothing back and shared some of his most valuable lessons, tactics, and strategies he’s used over the years to build & scale his empire.
This is a great opportunity to get some behind-the-scenes experience on what it’s like to build and scale an empire.
That’s a wrap for this week’s Franchise Empire newsletter.
Feel free to reply with any questions, or feedback. I appreciate and value your time and attention.
I’ll see you at the same time next week!
-Tariq and The Franchise Empire Team