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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Let’s talk about one of the ways to increase your likelihood of success in business.
It’s removing emotions from the equation.
Please allow me to explain….
When I went to buy my very first franchise, I thought I was approaching the process logically.
Here’s how it went in my head…
“I’ve had 9 businesses that failed that I tried to start on my own. So going the franchise route with a proven system will probably give me a higher likelihood of success.”
Ok, the logic checks out so far.
“What type of business should I start?”
“Well, since I’m going to keep my job and I’m busy- it should be something I’m passionate about”
The logic is starting to break down here…
“I KNOW! Since we make juices and smoothies at home a lot, let’s do a juice and smoothie franchise.” 
:Logic has left the chat:
My goal was to replace my income and leave corporate within 3 years.
What would’ve made the most sense was to work backwards from there…not get all excited about opening a juice and smoothie bar, NOT knowing what the profit potential would be.
My point?
The more you can remove emotion from this process of buying and launching your business, and just look at the facts and numbers…
The higher likelihood you will crush it, and build an awesome business you love.
Want to replace your income as FAST as possible?
NEWSFLASH: Focus on businesses that have a track record of doing that.
This is not rocket science ladies and gentlemen.
You got this!
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 Right at Home, an in-home senior care franchise opportunity providing companion, personal and specialty care services to the elderly population. Started in 2000, Right at Home now has 497 franchised units, making it one of the largest senior care providers in North America.
Right at Home - Northern California:
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Asking price of $575,000
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Location started in 2014
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3 territory location with just under 100,000 seniors
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Well-established presence in the community with multiple referral sources
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100% private pay customers
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Opportunity to grow customer base and work with insurance carriers
Franchise Empire’s Take:
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Right at Home is one of the franchise leaders in the senior care industry. It’s difficult to find territory that is open, especially a resale opportunity that has been around since 2014. Owners will need to be compassionate about this space and comfortable managing a larger-sized team.
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According to the Right at Home 2023 FDD, the Average Net Billings for 350 office locations open at least one year was $1.44M in 2022. Clearly, this is a scalable opportunity with recurring revenue element to the business.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Devin was ALL over the place before he came to us to buy a franchise. He was looking at vending machines, ATM’s, Amazon FBA, pretty much anything he could possibly make money with.
He was looking at buying a restaurant when he came to us. (Which he was super skeptical about working with us, because he had been burned before)
The good news? He was super coachable. Our team found him a boring business that aligned with his work background as a plumber.
I just talked to Devin yesterday. He’s BOOKED OUT 8 WEEKS with paid jobs. Even though he thought it would be “cool” to own a food business.
He stuck with what gave him the best chance to succeed.
Check out his story 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.
FRANCHISE OF THE MONTH
History:
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Original location started in 1970 in Oklahoma City
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Started franchising in 1993
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Owned by parent company Dwyer Franchising DBA Neighborly
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Mr. Rooter also has 86 locations outside of the US
Numbers:
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Corporate Owned Territories: 3
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Franchise Units: 209
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Franchise Fee: $42,500
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Royalty: 7%, 6%, 5% – declines as your revenue increases
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National Marketing Fee: 2%
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Total Investment Range: $83,100 – $225,390
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Term: 10 years
**Numbers according to their FDD released on April 1, 2023
Description:
Mr. Rooter performs both residential and commercial plumbing and plumbing repair services. They also do many other services such as sewer, drain and pipe cleaning services, septic tank pumping, water heater replacement, video pipe inspection, line and leak detection, excavation, replacement and repair/relining of sewer lines and more. Mr. Rooter has upfront pricing and never charges overtime. They also have 24/7 services for emergencies that pop up after hours. The franchise owner will not be a plumber, but instead hire and manage the team.
Financial Data:
Below tables taken from the Mr. Rooter 2023 Franchise Disclosure Document – Item 19.
Benefits for the Franchisee:
- A recession resistant, high-demand industry – The plumbing business is a $92 billion industry with a 5.3% annual growth rate over the last 5 years, making it a necessity-based business with perpetual consumer demand. You cannot ignore a plumbing problem in your house or workplace.
- Neighborly – Neighborly is the world’s largest and fastest-growing family of premier home services brands, proudly serving nearly 1 million customers worldwide every year with their 19 brands. You’ll get access to buyer power, resources, training, marketing and dedicated coaches to help you be successful.
- Top-of-the-line Equipment – With advanced and specialized equipment like trenchless sewer line replacement technology, Mr. Rooter Plumbing offers customers a wider range of services than most independent plumbers can provide.
- 50 Years of Success – Mr. Rooter Plumbing is one of the most widely recognized, trusted, and far-reaching plumbing franchise brands in the nation and abroad, with territory stretching from coast to coast and in several countries.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #37: How You Can Make Passive Income Owning Franchises
So you want to make passive income?
If you’re at all in the world of entrepreneurship or business, passive income is a popular topic.
People wondering how to make passive income, what businesses are passive income, and is passive income even a real thing?
In this podcast episode I break down how I made 5-figures per month in passive income using franchises.
And how you can model my success to create your own passive income with a franchise.
So 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