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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I’ve noticed something really interesting about my most successful entrepreneur friends.
Ironically, I’ve started to see the same trend in our clients who have been successful…
It’s really pretty simple actually.
They take action even when they aren’t ready, and even when they don’t have all of the information. When most people want to mull things over, put together a detailed business plan, and think about it for 2 weeks…
They’ve already implemented what the other person is thinking about.
What’s true is they often make more mistakes, BUT think about this…
If we both start a race, and you are still at the starting line trying to figure out the best route, even if I take a wrong turn up ahead, I’m still ahead of you- because you’re at the starting line.
Maybe that analogy sucks, or maybe it lands for you.
You don’t make progress and learn by thinking, you make progress and learn by doing.
So go “do” something.
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Low Cost Franchise showing sales of $2.7M*
✔ Franchise resale with 12 month revenue of $2.64M
✔ Tired of the Corporate grind and found a homerun franchise
✔ 4 Recession Proof Franchises business breakdown
* Owners with 3 or more territories as per the 2023 FDD.
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.
West Palm Beach, FL
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Started in 2021
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Last 12 months revenue of $2.64M
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Asking price of $325,000
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$97,000 SDE for 2023
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3 employees on staff; poised for growth with the right owner
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42,900 business establishments in the territory (diverse mix of industries)
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! This particular location appears to be well below average in a large, high-income market.
- 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
Ryan was tired of the corporate grind. He knew he could do something for himself but didn’t know what he didn’t know about making the leap and if it would be even possible to get to where he wanted to be with a franchise.
He enrolled in our Zero to Profitable Franchise system, and less than 60 days later bought a franchise with a system where the average gross sales of a franchise owner is in the millions.
Needless to say, Ryan is stoked!
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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Established in 1992 in California
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Began offering franchises in 1994
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Have 5 parent companies, immediate is Home Franchise Concepts, ultimate is JM Family Enterprises
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 1362
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Franchise Fee: $19,950 + territory fee ranging from $30,000-$70,000
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Royalty: Starting 2026 will be 3.5% (Currently flat fee of $1,250-$2,500/mo)
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National Marketing Fee: $500-$1,500/mo
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Total Investment Range: $100,500 – $211,250)
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Term: 10 years
**Numbers according to their FDD released on April 22, 2024.
Description:
Budget Blinds is a primarily mobile business for the sale and installation of blinds and other window coverings for both residential and commercial customers. You will use a wrapped van to make sales calls and perform installation work and may choose to open up a retail location once you are more established. When you place an order for a customer, the product is shipped to you from the vendor and you install the product.
Financial Data:
Below tables taken from the Budget Blinds 2024 Franchise Disclosure Document – Item 19, page 42.
1. Of our franchisees reporting and in operation for all of 2023, 94 or 32% of the franchisees with a single territory, 74 or 35% of the franchisees with two territories, and 37 or 35% of the franchisees with three or more territories had total annual sales that equaled or exceeded the mean sales figure stated. The lowest amount reported for a single territory franchisee was $$54,352 and the highest was $8,824,485. The lowest amount reported for franchisees with two territories was $145,118 and the highest was $6,833,250. The lowest amount reported for franchisees with three or more territories was $546,694 and the highest was $17,728,063.
Benefits for the Franchisee:
- Wide Variety – Budget Blinds carries all types of window coverings (shades, blinds, draperies, shutters, etc.) from all the major name brands (i.e. Hunter Douglas, Norman Shutters, Orion). You have an option for every budget.
- Well Known Brand Name – The National Advertising is the primary driver of new business. Last year alone, Budget Blinds spent nearly $10M on internet, radio and TV advertising to generate new business for franchise owners driving over 400k inquiries!!
- Low Overhead, Quick Start Up – No inventory is needed. Once you come back from training you can accept jobs immediately. You don’t need any retail space.
- Resales – With such an established franchise system, once you get in, you’ll likely be able to buy nearby territories as owners look to retire, allowing you to build an empire through acquisitions.
- Home Franchise Concepts – Family of other like-minded business owners to rely on, provide referrals to/from, and have a way to scale your empire by adding on a complementary business.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #66: Pros and Cons to Buying a Franchise Resale
Have you ever considered buying an existing business before?
Often times people find this attractive because there can be existing sales and cash flow in place allowing you to step into a business with obvious benefits.
In this episode, I sit down with Kevin, who is a Franchise Broker on the Franchise Empire team, and between the two of us we’ve helped more than a dozen of our clients through navigating the world of franchise resales.
We’ve had clients buy dirt cheap turnaround opportunities for less than $100k and were able to ramp up pretty quickly, all the way to clients who have bought franchise resales doing over $2million in sales, with strong cash flow.
So in this episode we break down the pros and cons, and some of the keys things you need to know about buying a franchise resale.
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