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.
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Choose your hard.
I think some people get nervous about the difficulty of running a business, but the reality is that working in a job you don’t like or doesn’t provide you with the flexibility you want is also hard.
The point is, choose your hard.
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Junk Franchise resale in Austin, TX that shows annual revenue of $1.69Million
✔ Client Case Study for someone who almost bought the wrong franchise and how she avoided it.
✔ A Franchise that shows $5.2million in AVERAGE sales with the top franchisee doing $36.8million in sales.
✔ The latest episode of the Franchise Empire Show (as of the time of writing) with Scott Greenberg talking about how to turn struggling Hourly Workers into a top performing team! Watch Here
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 Junkluggers, a junk removal franchise opportunity. The Junkluggers original location was founded in 2004 in Connecticut, and after expanding to several locations, the company started franchising in 2012. Junkluggers is part of the Authority Brands family of franchises, which includes over a dozen home services-based opportunities in its portfolio.
Austin, TX
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Huge market opportunity! Very rare to find a franchise resale in Austin. The territory includes most of the Austin metro area.
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Asking price of $750,000
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Includes 4 trucks and 8 containers
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Fully operational business with two managers in place that are running the operations and managing a team of 10 employees
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2023 revenue of $1.69M
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Owner is selling due to relocation
Franchise Empire’s Take:
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Another turnkey opportunity in a franchise system within the home services industry. The owner has two managers in place, so this could potentially be something to manage semi-passively.
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Authority Brands is a solid umbrella company with a system of great franchises in the home services space. Could be a great opportunity to get into the system and expand in the future by acquiring another franchise.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Tara nearly made a huge mistake in buying the wrong franchise.
Fortunately in working together to do due diligence she pulled the plug and quickly pivoted to a different franchise
Here are 5 Low Cost Franchises that make
$1,000,000 (Backed by Data)
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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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Original location started May 1997 in Arizona.
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Started franchising in 1999.
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Acquired by Neighborly on Dec 31, 2020.
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 111
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Franchise Fee: $60,000
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Royalty: 6% – 2%, sliding scale down as revenue increases
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National Marketing Fee: 2%
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Total Investment Range: $137,850 – $302,850
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Term: 10 years
**Numbers according to their FDD released on April 1, 2023.
Description:
Precision Door Service stands as the nation’s leading provider of premium garage door repair and replacement. Garage doors are heavy and potentially dangerous pieces of equipment that require knowledgeable service professionals to get repairs or installation done right the first time. Before specialized companies like Precision Door, customers nationwide relied on handymen, contractors, or small mom-and-pop shops to fix their dented door panels, faulty motors or snapped torsion springs. Precision also sells five different types of garage doors for those looking for a new look, or have a need for a new garage door.
Financial Data:
Below tables taken from the Precision Door Service 2023 Franchise Disclosure Document – Item 19.
Benefits for the Franchisee:
- No Prior Experience Required – Owners represent everybody from former mechanics and tradesmen to former investment bankers and PhDs. They provide an easy-to-follow model, limited moving parts, effective support, and training.
- 24/7 Dedicated Call Center – While most calls will be during business hours, corporate has a 24/7 call center to answer any calls that you may receive – both during the day and in the evenings. They will get the customer scheduled on your tech’s calendar for the next available appointment.
- Specialized Industry – Not every handy person knows how or wants to repair a garage door. Technology has made garage doors even harder for a lay-person to know how to fix so it takes a specialized employee to do the job.
- Needed Service – If your garage door isn’t opening or working properly you can’t ignore that. Most people want to get their garage door services asap when a problem arises. Your demand for services will never go away.
- High Income Potential – According to the item 19, the median gross sales of the 97 locations disclosed was 4.1 million dollars!
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #43: Turn Your Struggling Hourly Workers into a Top Performing Team.
Struggling to build a high-performing team in your small business?
Learn a new leadership approach for effectively recruiting and managing hourly employees. Franchise expert Scott Greenberg reveals unconventional tactics to transform mediocre staff into superstars.
We talked about the keys to reducing turnover, boosting profits, and getting your life back through strategic hiring and management.
If you want to build a team of rockstar employees, kick back, take some notes, and enjoy the show.
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