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?
Tomorrow (Monday 3/25) is a big day, we’ve got something exciting coming up.
I’ve been working on a project to help Franchise Buyers Own A Money Making franchise for MONTHS now….
We’re ready to release it to the public!
It’s game changing for franchise buyers, and for folks who are on the fence about buying a franchise.
There’s nothing out there like this…
Keep your eyes peeled on your inbox tomorrow as I’ll be sending out more details!
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Existing franchise for sale showing $660k in sales
✔ Flooring franchise that showing $460k in Profit* (After disclosed expenses)
✔ Success story from a client who bought an existing painting franchise for sale
✔ Latest episode of The Franchise Empire Show with an exploding franchise
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 Five Star Painting, a residential and commercial painting franchise that offers both interior and exterior services. Five Star Painting, a Neighborly brand, has been franchising since 2007 and has 230 units throughout the country.
Sarasota, FL
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Asking price of ~$315,000
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2023 Revenue of $660,000
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Opened July 2018
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Residential and commercial customers
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2 employees
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Opportunity to increase marketing and obtain more customers in a sizeable territory
Franchise Empire’s Take:
- This resale opportunity has been on the market for several months, which seems odd. Five Star Painting is a solid brand within the Neighborly umbrella. According to the most recent FDD we have access to, the Item 19 shows an average job size for painting projects to be $4,436.
- The business model typically uses subcontractors to do the actual painting jobs, which can keep your overhead and salaried labor low. If interested in this resale opportunity, we suggest understanding the current employees’ roles in the business and how many subcontractors the business has in rotation to utilize.
- Lastly, Sarasota is a fast-growing area with seemingly a lot of potential. It seems like an opportunity to get into a turnkey home services franchise and grow it quickly.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Emmanuel bought a resale franchise that 2 previous owners were struggling with. His story was fitting since we have 2 painting franchises in this newsletter.
He lives right by me so we met up a couple of weeks ago and had lunch and he shared that his sales in January were up 100% Y/Y from the previous owner. 🤯
No video testimonial yet, but we’ll be doing a video with him soon. Our team helped him source the franchise resale, and he bought it for a STEAL.
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 2008 in Colorado.
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Started franchising in 2013.
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No predecessors or parent companies.
Numbers:
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Corporate Owned Territories: 1
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Franchise Units: 78
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Franchise Fee: $68,000
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Royalty: 6%
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National Marketing Fee: 2%
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Total Investment Range: $78,505 – $113,030
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Term: 7 years
**Numbers according to their FDD released on April 27, 2023.
Description:
Footprints Floors is a flooring installation company that requires zero employees, zero build out and zero inventory to start. The owner will start out as the sales person. They will work with their customer on what types of flooring would be the best fit for their needs. Once they’ve decided, the customer will then purchase the flooring from any store they want – Home Depot, Lowes, online or any retailer. Once the product comes in, the franchisee will coordinate with subcontractors to do the installation. They will manage the project until completion.
Financial Data:
Below tables taken from the Footprints Floors 2023 Franchise Disclosure Document – Item 19.
Benefits for the Franchisee:
- Corporate Call Center – This reduces the franchise owner’s workload and allows them to focus on their customer at hand instead of being tied to answering every phone call, interrupting their work. This also guarantees the first contact to be professional and quick.
- Quick Ramp Up – This is a perfect opportunity for someone with prior sales experience. Corporate will help with generating leads so your job in the beginning is sales, sales, sales. With no inventory or build-out, you’ll start going on sales jobs immediately upon coming back from training.
- Control & Predictability – Footprints Floors is an appointment-based business, meaning all scheduling is done around the Franchise Owners’ availability allowing them to create their hours and enjoy the work/life balance they desire.
- Low Investment & Minimal Overhead – Most can get started for around $100K and with no inventory and little to low employees, you’ll be able to keep a large portion of your profits.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #45: How to Make Millions with Soap & Water
In this episode, I sat down with Aaron Harper, CEO of Rolling Suds, to discuss the ins and outs of the power washing franchise business.
Aaron shares his journey on how setting the right expectations and selecting dedicated franchisees can lead to multimillion-dollar success. He dives into the essentials of startup costs, raising capital, and the importance of building a strong team and community relationships.
Listen in as Aaron shares the key strategies for scaling a business and ensuring franchisee and customer satisfaction.
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