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.

80% of franchises suck!

There, I said it.

Look, history and data proves franchising to be the most successful business model in American history.

There is a franchise in almost every industry you can imagine.

Besides that, you’ve got hotels, sports teams, car dealerships…all using the franchise system structure.

So we know that the model works, and people make money. Nothing to debate there.

BUT, out of the 4,000 franchises- about 3,200 just don’t show a viable track record of happy and profitable franchisees.

….and most people just google around searching for “best franchises”, accidentally stumbling across options that could be devastating for them financially.

So, my advice to you- which may sound self serving…

Is to use a professional (like Franchise Empire) and do your homework when buying a franchise.

It pisses me off when people reach out trying to offload a franchise they had no business buying in the first place.

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ Low Cost & Low Expense Franchise shows $592k average sales

✔ Affordable resale with opportunity to hit the ground running.

✔ Guy who buys franchise for less than $100K all in.

✔ How to find franchises that best match your personality and behavioral style.

Join Our Franchise Buyers Beta Course for
Aspiring Franchise Owners

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 Floor Coverings International, a leader in the floor remodeling industry. Started in 1988, Floor Coverings International is a well-established leader in the industry with over 250 locations throughout the U.S. and Canada. Franchise owners provide custom flooring solutions to both residential and commercial customers, including but not limited to wood, tile, carpet, vinyl and laminate options.

• Asking price of $160,000

• Location just opened in Oct 2023

• 3 subcontracted crews have already been used in jobs and ready to do more

• Online reviews all 5 stars

• Mobile showroom (van) included in sale with samples and other equipment – only 3500 miles,100% paid off

• Great turnaround opportunity with about half the investment that is typically needed for a new location.

• According to the FDD, the top 50% of franchise owners have an AUV of $1.8M!

• Our team has helped multiple clients purchase a Floor Coverings International franchise. It’s an exceptional, proven brand with a strong Item 19. If you’re someone that is looking to scale a service-based business, and are located in the Fort Lauderdale area, this could be an amazing opportunity for a turnaround business. The average investment for a new franchise unit is around $250K, so this is a great opportunity to hit the ground running with an already established customer-base and team.

Josh wanted to buy a franchise to be able to have more flexibility in his time with his family and his son with a medical condition.

He initially came to us wanting to do fitness because he was passionate about it, but the high start-up costs, and rural area he lived in, made that not the best option.

He wanted a franchise with little to no employees where he could provide the service and replace his income fast.

Our team found him the perfect fit that checked all the boxes, and aligned with previous skill sets of his.

Josh wound up getting his home inspection franchise up and running for less than $100k and had clients lined up before he even signed his franchise agreement!

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.

• Founded in and started franchising in 2009

• Predecessor was V2K Window Fashions until 2021

• Parent company is now FS PEP Holdco since 2021 (Five Star Franchising)

• Corporate Owned Territories: 0

• Franchise Units: 154

• Franchise Fee: $69,900

• Royalty: flat fees – $350/mo up to $2,000/mo

• National Marketing Fee: flat fees – $125/mo up to $1,000/mo

• Total Investment Range: $103,160 – $136,400

• Term:10 years
  **Numbers according to their FDD released on April 10, 2024.

Gotcha Covered franchisees meet with customers in their homes or offices and provide a full presentation of the products and services available. The presentation will include showing samples, quoting prices, and completing the customer order. They sell window blinds, shutters, drapes, curtains, shades and motorized/voice activated options. Most franchisees use third-party contractors for installation when needed. As a GC Business is a mobile business, you will most likely operate your Franchise from your home, but you may choose to rent an executive suite office or other commercial office or retail space.

Below tables taken from the Gotcha Covered 2024 Franchise Disclosure Document – Item 19, page 35.

Benefits for the Franchisee:

• Ultimate Flexibility – Work from home as a one-person show or grow a team. Market to the residential market or the commercial market, or both.

• No Inventory – All products are custom ordered so no inventory is needed to be held. This also means no need for a warehouse.

• Great ROI – While the average revenues may not be over 1 million for this franchise, the initial investment can be as low as just around $100K. Average first year operators bring in about 2.5 times the low end of the initial investment.

• High Demand Products – The market is over $20 Billion dollars per year. You’ll get customers through traditional advertising, online advertising and networking with those in the real estate industry/home builders

• Five Star Franchising – Part of a parent company who owns over 10 other franchise brands that you could potentially add as a way to scale.

Episode #61: How To Buy A Franchise That Matches Your Personality

Brilliant is the best way to describe this podcast episode.

If you are looking to better understand yourself so that you can accomplish more, feel happier, and just have more clarity- then this is the episode for you.

I sat down with Rebecca Monet who is the CEO and Chief Scientist of Zorakle Profiles.

Zorakle is the leader in business profiles, specifically in helping to predict franchisee fit, and performance.

This has been a complete game-changer for us and I know it will be for you too.

So sit back, take some notes, and enjoy the show.

Watch on YouTube

Listen on Podcast Platforms

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

Subscribe to the Franchise Empire Newsletter for the latest Franchise news & updates