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’ve been thinking about or looking into franchising for longer than 6 months…
Listen up!
Stop wasting your time. It shouldn’t take longer than 6 months to find, vet and decide on a franchise.
The ONLY way to figure out if franchising is something you want to do, and pursue…
Is to get deep in conversation with specific franchises that match your criteria of being something you can see yourself owning, and producing the money you require!
It’s through the due diligence process of figuring out if it’s right for you.
Anything less than a committed process of talking to franchises that match your criteria, and going deep into due diligence with talking to their franchisees….
Will result in you spinning your wheels.
If you want some help doing that, schedule a free 15 min chat with our team. You literally have nothing to lose.
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Painting franchise with $3.8Million in sales
✔ Service resale franchise for sale with 2023 sales of $960k
✔ Franchisee with quick success!
✔ Multi Unit Franchise owner with 15 locations tells ALL!
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 Rainbow International Restoration. Rainbow is a Neighborly franchise that has been around since 1981. The brand has 315 units throughout North America, making it one of the largest restoration franchises in the industry. The primary services Rainbow franchisees offer include mold removal, cleanup services, water damage restoration, and smoke and fire damage restoration.
State College, PA
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Asking price of $800,000
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Established in 2015
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Owner is retiring
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2023 revenue of $960,000
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SDE provided upon signing NDA
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Owner is in an advisory role; general manager in place with restoration certification
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Hard assets included in sale
Franchise Empire’s Take:
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Rainbow Restoration is one of the most-established restoration franchises in the industry. Neighborly brands benefit from price breaks from preferred suppliers (as well as many other benefits) that the entire system has negotiated on behalf of its owners.
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According to the 2024 FDD, the average gross sales for the top 25% of stores that had been in operation for at least 12 months was $2.66M, and overall for all disclosed units was $1.03M.
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Considering there is a general manager in place, this could be a good opportunity for an owner looking for a semi-passive, turnkey business.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
I recently chatted with a client who launched his painting franchise back in October 2023. He and his wife maintain their full time job and have already done $500k in sales halfway through the year.
He said it’s definitely been hard, but worth it.
When I asked him the secret to his success so far, he said they just followed the system to a “T”, and constantly call the franchisor asking questions and for help.
*The franchise is not named to maintain compliance
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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Founded in 2013
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Started Franchising in 2018
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No parent companies
Numbers:
- Corporate Owned Territories: 3
- Franchise Units: 79
- Franchise Fee: $60,000
- Royalty: 7%-4%, sliding scale down
- National Marketing Fee: up to 3%, but could be less depending on your sales
- Total Investment Range: $126,700 – $227,075
- Term: 10 years
**Numbers according to their FDD released on April 29, 2024.
Description:
Lime Painting is the ONLY painting franchise that focuses solely on high-end homes and businesses that are valued within the top 30% of the market. They do both interior and exterior. Typically, high-end properties need more than just a coat of paint, which is why they offer 40+ distinct services all while educating clients on options to maximize the value of their investment. Their luxury approach revolves around our meticulous prep, process and product selection which are unique to each project and client as we execute a tailor-made result that lasts the test of time. Lime actually stands for Love, Integrity, Mission, and Excellence.
Financial Data:
Below tables taken from the Lime Painting 2024 Franchise Disclosure Document – Item 19, page 52. The 14 franchise owners below account for 30 territories.
Benefits for the Franchisee:
- Multiple Revenue Streams: In addition to painting, they also can do various coatings, stains, drywall repair, restoration, carpentry, and gutters.
- Low Cost, Low Overhead, Quick Ramp-Up: All projects are completed by subcontracted crews. These crews supply all inventory including paint and equipment keeping overhead to a minimum. Also, they are a home-based business, allowing for a quick ramp-up time of 30-90 days after signing an agreement!
- Semi-Absentee Ownership – While they have only been franchising for about 5 years, they have had owners start as semi-absentee on day 1 and be successful.
- High Ticket Projects – The average job is over $25K and the highest one was almost $200K!
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #60: How You Can Build A MASSIVE Portfolio of Franchises
15 locations across 3 different franchise brands…
That’s the size of Nicholas Marco’s franchise portfolio. He currently owns and operates 11 Hand and Stone franchises, along with 2 locations of 2 other franchise brands.
This is your opportunity to get inside of the mind of someone who has built a true Franchise Empire, with just part of his portfolio of locations doing over $25million in sales.
We talked about the strategies that he used to grow his locations, along with how he structures his organization, with varying levels of management, and what he spends his time doing as an owner.
Nicholas is also the Regional Developer of Ohio for Hand & Stone, the host of his new podcast called the Opportunity Coach and founded a financial advisory firm as well.
So if you want to know how to build an incredible portfolio, and how he manages it all – you are in for a treat.
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