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?
Resales are super HOT right now.
It’s definitely an attractive route. To take over an existing business that’s cash flowing?
Keep in mind that the more a business makes, the higher it sells for. The higher it sells for, the higher your loan amount.
So make sure you are ready for that big of a jump into entrepreneurship.
One thing I tell people who want to buy an existing business is that one of the best ways to do that is to get into a franchise that you like their business model.
Why?
Well, what happens is, over time, you’ll have the opportunity to buy out your neighboring franchisees.
I see it all the time.
My wife and I recently lost out on a resale we liked to a neighboring franchisee that came in and secured a deal with the seller before we could.
So it’s something to think about, and an unintended benefit of actually buying new, not existing.
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
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 largest and most profitable staffing franchises in the industry, Express Employment Professionals. Established in 1985, Express now has 798 franchise units throughout the United States. They offer Temporary, Flexible, Evaluation/Direct Hire, Professional/Contract Staffing in the categories of skilled trades, professional, light industrial and administrative services.
St. Cloud, MN
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Started in 2005
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Last 12 months revenue of $4.39M!
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Asking price of $680,000
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9 employees on staff; poised for growth with the right owner
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St. Cloud is a growing market; just one hour from Minneapolis
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Owners are retiring
Franchise Empire’s Take:
- Express has phenomenal numbers! The item 19 is 9 pages long, and one of the tables shows data for units open more than 60 months. There were 418 units open more than 60 months and their average annual sales were $7,194,784!
- Over 90% of franchisees did not have staffing/recruiting backgrounds, yet many
of them are still able to be extremely successful.
- Not only is this a profitable location and overall franchise system, you can also make an impact in your local community. The average office is able to place 600 people each year looking for a job in their community.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Mark and Angelique tried unsuccessfully for 2 YEARS to find the right franchise.
Finally they reached out to us for help, and within a few short months we helped them find a good fit.
Only a year into being open they have the opportunity to buy a neighboring franchisees location.
Hear them talk about what it was like to find the right 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 WEEK
History:
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First location started in 1977 in the Baltimore-Washington metro area.
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Began franchising in 1996.
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Parent company is Authority Brands which is an umbrella company with 16 other franchises mostly in the home services space.
Numbers:
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Corporate Owned Territories: 3
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Franchise Units: 216
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Franchise Fee: $20,000 plus territory fee of typically $22,500-$45,000
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Royalty: 6%, 5%, 4% – decreases as revenue increases
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National Marketing Fee: 1%
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Total Investment Range: $103,875 – $175,250
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Term: 15 years
**Numbers according to their FDD released on April 28, 2023, amended November 17, 2023.
Description:
The Cleaning Authority main offering is cleaning inside residential homes but they can also do carpet cleaning, window cleaning, furniture cleaning and light commercial property cleaning. TCA provides a consistent clean every time, paying attention to details and ensuring customers are satisfied with a guarantee. All cleaning crews are professional trained, insured and bonded. TCA also uses cleaning products that are environmentally responsible, sustainable and safe.
Financial Data:
Below tables taken from The Cleaning Authority 2023 Franchise Disclosure Document – Item 19.
Benefits for the Franchisee:
- Recurring Revenue – Most customers have their homes cleaned on average every two weeks. You’ll have stable income every single month.
- Low Investment –> High Returns – All in at the high range, this franchise is $175K. If you look at the item 19, the average gross revenue of the bottom third is still almost 4 times the total investment of this business!! That’s not even looking at the middle and top third revenue potential.
- Work/Life Balance – This business operates Monday through Friday, 8-5. You’ll be able to spend quality time with your family or hobbies on the nights and weekends. There’s also a call center that will answer incoming calls from new leads for your territory.
- Stability – TCA has been franchising for almost 20 years and also is backed by Authority Brands. Additionally they have over 200 units so you’ll have access to a large community of other owners like yourself.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #40: Top Franchisee’s Use This to Save Money on their leases
RAAMP protects the cashflow of franchises and commercial property owners, by giving them the tools to monitor and understand their leases.
To get in touch with Landrum and save money on your lease, you can reach out to him below:
Or email him here: [email protected]
In this podcast, Landrum Randolph, CEO of RAMP, and I discuss the critical role of lease management in franchise operations.
He shares challenges and horror stories faced by franchisees due to poor lease management and introduces RAMP’s software solution, which offers features like lease abstraction, insurance compliance tracking, and document management.
The software aims to help franchisees track lease terms, renewals, and important dates to prevent costly errors and ensure compliance.
Landrum also talks about his journey in starting RAMP and highlights the company’s focus on customer feedback and customization to meet specific client needs.
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