Hey Empire Builders,

Welcome to this week’s Franchise Empire Newsletter, where we share specific franchise opportunities that we think are interesting, and examples of everyday folks building their empires.

Let’s talk about probably the single most important skill you’ll need to build a thriving business empire.

It’s annoyingly simple, but actually doing it is harder than it looks.

This concept really started to stick out to me after my wife and I got married. 

She had already been a successful entrepreneur with a thriving business going on more than 10 years. 

I was obviously proud of her, and really looked up to her for what she had built, but to be honest… At the same time I felt a little envious.

I REALLY wanted to have a business I called my own, that was able to support us financially. I wanted out of the 9 to 5 world.

And there was one thing she was doing that helped make her so successful that I started to pick up on. I realized that I was really BAD at it and she was really good at it. 

It was her speed of execution. 

Meaning, the moment you have an idea or think…

“I should do that” 

“I want to do that”

“I need to do that”

“That’s a good idea”… or really anything along those lines

You do it ASAP. 

The amount of time it took me to complete OR even start something was much longer than it took her.

With simple things too. Instead of putting something on the floor she would put it away where it belonged. 

Instead of waiting until the morning to send the email or make the phone call, she would do it right now.

I learned that this was a huge part of why my businesses had failed prior to franchising.. I procrastinated the hell out of things.

I’ll leave you with this to bring this concept home…

Here’s the scenario.

You and I are in the same exact business industry. We both get the same idea, we are both busy, and we both have similar financial resources. 

Meaning we experience the same fear, doubt, uncertainty, and have access to the same resources, etc…

But I execute on that idea today, and you put it on your list and do it a week from now.

Who do you think will be more successful?

Exactly. I will. 

Not because I’m special, or smarter than you. It’s just because I executed FIRST.

So whatever it is that you think you “should do” or “need to do”.

Do it TODAY. At least get the ball rolling.

So if you’ve been thinking about owning a business for a long time now…

What are you waiting for?

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ 1 Specific resale franchise for sale

✔ 1 Franchise of the week

✔ 1 Client Case study of someone just like you

✔ Latest episode of The Franchise Empire Show

Join Our Franchise Buyers Beta Course for
Aspiring Franchise Owners

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.

• Started in 2012

• Owner is retiring and has been running it as an owner/operator model

• Provide both residential and commercial window treatments 

• Asking price of $490,000 (third-party business valuation is pending)

• Vehicle included in sale

• Subcontractors in place; owner does the sales and manages the subs

• On the surface, this appears to be an underperforming territory with 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.

• Great territory in the Chicago area market; coop advertisement in place with other owners in the area

• 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.

Josh is the perfect example of speed of execution. He came to us having been a wildland firefighter, but his son got sick and he needed to be close to home and available in case anything went down.

He not only followed the system to a T, but he was always decisive and moved with confidence.

He started lining up his pipeline for clients before he even signed his franchise agreement.

So he got off to a fast start with his business because of that.

Check out his story and Journey below.

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.

• The first location started in 2018.

• Started franchising in 2020.

• Acquired by Empower Brands in April of 2023.

• Corporate Owned Territories: 0 (2 locations sold to franchisees in 2020)

• Franchise Units: 325

• Franchise Fee: $49,500

• Royalty: 6.5%, 5%, 4.5%, 3.5% – declines as your revenue increases

• National Marketing Fee: 1%

• Total Investment Range: $182,558 – $210,507

• Term: 10 years
  **Numbers according to their FDD released on May 3, 2023

Koala offers three types of insulations – batt, spray foam or blown-in. They will work with you to understand what type you need and where. Typically Koala is working with homeowners, builders, contractors, restoration companies, roofers, and more. Depending on your needs, the insulation could be put in walls, attics, sub-floors, sheds, crawl spaces and more. Many homes are not insulated correctly, and Koala guarantees you’ll see cost and energy savings. They work by retrofitting existing homes and commercial properties but also help with providing the right insulation on day 1 with new construction.  

Below tables taken from the Koala 2023 Franchise Disclosure Document – Item 19. Note that the item 19 is 31 pages long!! A lot of the locations are multi-territory, so you need to keep that in mind when looking at the numbers.

Benefits for the Franchisee:

• Quick Ramp Up – Can launch your business as quickly as 60-90 days after signing. Koala does not require a lease and you can run this with just a few employees.

• Work-Life Balance – The working hours of this franchise is 8-5, Monday through Friday. They also allow for semi-absentee owners as long as you have a full-time manager in place.

• Multiple Services – Koala offers all types of insulation unlike some of the other insulation franchises. They have additional services like solar attic fans, air sealing, crawl space services. They also have some smaller warranty and service plans that can add some smaller recurring revenue to the business.

• Extensive Training & Marketing Support – Koala puts a large emphasis on their support. The O.B.U. training is a week long in person, in addition to online training. None of their franchisees had prior experience with insulation and you’ll be trained and certified to become experts. Koala knows how to enter a new market and they have over 30 support staff at corporate to help franchise owners become successful.

Episode #38: Over 190,000 Entrepreneurs Use This to Supercharge their Business (EOS & Traction Explained)

Join Tariq and Brian as they dive into the Entrepreneurial Operating System (EOS), a super tool that helps businesses grow and work better! In this episode, Brian explains how EOS works and why it’s great for both franchisees and franchisors. Learn about the special role of EOS implementers who help put this system into action, and discover the magic of Level 10 meetings where teams get together to make sure everything’s running smoothly.

If you’re part of a franchise or have a small part in a big company, find out how EOS can make your job easier and help everyone work together better. It’s all about meeting regularly, understanding your role, and making sure everyone’s on the same page.

Brian Blatchley shares why having a good plan for meetings is super important. He talks about L10 meetings where teams check on their goals, solve problems, and make sure they’re doing their best. You’ll learn why keeping track of your team’s progress with scorecards is a smart move and how being open with each other can make your business stronger. Brian also explains how to make smart money choices and the importance of having the right people in the right jobs.

This episode is packed with helpful tips and tricks for anyone wanting to make their business run like a smoothly.

Watch on YouTube

Listen on Podcast Platforms

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

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