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.
Want to keep up with our latest newsletters?
If you haven’t noticed something has changed…
We have become more flexible in the way we work with clients.
You see when it was just me, we did not work with anyone under the traditional franchise broker, or franchise consultant model.
We had our Zero to Profitable Franchise Mastermind system, that has a cost to get into- and if someone didn’t want to join at the cost…we wouldn’t work with them.
Over the last 3-6 months, I’ve started to shift the business model.
Why?
Well, I realized that we could help a lot more people in being flexible in our services. That’s the quick and easy answer.
Our ZTPF mastermind did a great job of filtering out folks who were NOT serious about making a change in their life.
What I’ve come to realize is sometimes people need to identify the opportunities, or see what’s out there first.
But the future is exciting for how our team at Franchise Empire can help you achieve your goals of owning a money making franchise.
So although, we’ve opened up the floodgates for our traditional Franchise brokerage/ consulting side of the business…
We are limiting and putting a cap on how many new clients we’ll accept into our Zero to Profitable Franchise Mastermind every month.
It’ll protect the group, keep it intimate, and make sure we are bringing in committed folks who add value to the overall group..because we’re like a family.
So, if you want to learn more about our Zero to Profitable Franchise Mastermind, click here and you can have a quick chat with either me or Dan on our team.
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Rare resale making $1million in sales
✔ Outdoor franchise showing $8.5million in sales in their FDD
✔ A client and the biggest benefit they got from working with us
✔ Undercover Boss joins the Franchise Empire Show
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 Signworld Business Partners, a network of 350 independently-owned businesses that provide commercial signage and graphics services. Signworld is NOT a franchise model. Rather, they have an affiliate network model where owners still get exclusive territories and access to training and support, but do not pay ongoing royalties.
Teaneck, NJ
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Asking price of ~$375,000
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2023 Revenue of just over $1 million
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Owner is active in the business and is retiring; new owner would most likely need to jump in full-time
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Sign manufacturing equipment and retail lease included in sale
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3 employees
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Opportunity to increase marketing and obtain more customers
Franchise Empire’s Take:
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Signworld rarely has resale opportunities. The network has a high retention rate amongst owners, and it can be a scalable business with the right owner in place. Ideally, someone that can network in the community with business owners and do B2B sales.
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Typically, a core of 30 customers will generate approximately 80% of your revenue. A lot of your business will be from repeat customers who continue to need graphics and signage work completed.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Krista had tried to start some businesses before, but just never really followed through or gained much traction.
She got the most value from the weekly group calls that we do with all of our clients. It’s one of the key differences between working with us in our Zero to Profitable Franchise Mastermind.
Check out her story of what jolted her to make a change in her life.
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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First location started in 1980.
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Started franchising in 2014.
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Acquired by Empower Brands in Sept 2021.
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 86
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Franchise Fee: $59,500
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Royalty: 6.5% – 3.5%, sliding scale down as revenue increases
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National Marketing Fee: 1.5%
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Total Investment Range: $120,400 – $139,300
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Term: 7 years
**Numbers according to their FDD released on January 24, 2024.
Description:
Archadeck is the world’s largest custom design builder of custom decks, screened porches, open porches, gazebos, hot tub enclosures, patios, outdoor kitchens, fireplaces, hardscapes, and other outdoor living spaces. Most of your customers will be residential, but you can do projects for commercial buildings as well. Archadeck will help the customer design the project if they are unsure of what they want/need and offers two warranties that guarantee satisfaction.
Financial Data:
Below tables taken from the Archadeck 2023 Franchise Disclosure Document – Item 19. There are 10 pages to the item 19.
Benefits for the Franchisee:
- High Ticket Sales – The average contract price for the customer is a whopping $42,946 according to tables in the item 19. You only need to do a handful of projects a month to get over $1 million in revenue.
- Large Territories – One territory is up to 600,000 in population. This is much larger than a typical home services franchise territory.
- Complementary Affiliate Brands – Empower Brands also has Outdoor Lighting Perspectives, Conserva Irrigation and Superior Fence & Rail under their umbrella. Each franchise could be a potential option for growth as you could service the same customers and own multiple brands.
- No Show Room – Most franchisees operate from their home, working typical 8-5 Monday through Friday hours. You may want to have an office or showroom in the future, but it’s not a requirement keeping the total investment fairly low.
- No Construction Experience Necessary – Archadeck is looking for operators who are strong at sales and marketing and have great communication skills. You will rely on corporate to help with 3D renderings and design of the projects.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #44: How to Make Millions Owning Franchises | w/ Jeff Dudan
Jeff Dudan built a multi-million dollar franchise empire before exiting in an 8 figure sale.
Now, the Undercover Boss star reveals his top secrets – from the key filters for decision making to why some franchisees fail while others succeed wildly.
Tune in as Dudan explains what business he’s investing in next, why he refuses to retire early, and how ordinary people can crush it as franchise owners. This exclusive insider guide is essential for anyone exploring a franchise.
Sit 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