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.

We are considering putting together a course on how to secure off market franchise resales on your own. (Obviously there would be a cost)

If you have any interest in something like that, reply to this email and let me know!

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ Low Cost Franchise Shows Average Revenue of $1.4M*

✔ Franchise Resale for less than $200k, with Strong Brand

✔ Why this franchisee is seeing quick success

✔ Interview with CEO of the Franchise Brokers Association
*This is for franchisees open 60+months according to 2024 FDD

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 Five Star Painting, a residential and commercial painting franchise that offers both interior and exterior services. Five Star Painting, a Neighborly brand, has been franchising since 2007 and has 230 units throughout the country.

• Asking price of $199,900

• Reduced significantly since original listing – open to offers

• 2023 Revenue of $660,000

• Opened July 2018

• Residential and commercial customers

• 2 employees

• The owner has two other businesses and does not have time to dedicate to the franchise

• This resale opportunity has been on the market for several months. Five Star Painting is a solid brand within the Neighborly umbrella. According to the most recent FDD, the Item 19 shows an average job size for painting projects to be $4,436.

• The business model typically uses subcontractors to do the actual painting jobs, which can keep your overhead and salaried labor low. If interested in this resale opportunity, we suggest understanding the current employees’ roles in the business and how many subcontractors the business has in rotation to utilize.

• Lastly, Sarasota is a fast-growing area with seemingly a lot of potential. It seems like an opportunity to get into a turnkey home services franchise and grow it quickly.

About a year ago we had a guy come to us who was in software sales, looking at franchises for a while and what just stuck in the process.

He didn’t really know how to find or vet the franchises, was doing research on his own but not really making the progress he wanted.

He had some doubts around not just if he could find the right franchise, but if he could succeed.

He joined our Zero to Profitable Franchise mastermind, and, in less than 90 days, he had become a franchisee.

I just received a text message that less than into a year into his business he had a month doing $150k in sales.

It’s really something for the average person that wants to be an entrepreneur. It is hard to pull off without a system that a franchisor provides.

*To maintain compliance we will not share the exact franchise brand, as we can only share numbers that are in the Financial Disclosure Document’s Item 19.

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.

• Started in 2002 in Baltimore, MD

• Began franchising in 2005

• A few name changes and acquisitions over the last 20 years

• Parent company is SHF Acquisition

• Corporate Owned Territories: 5

• Franchise Units: 333

• Franchise Fee: $55,000

• Royalty: 5%

• National Marketing Fee: 1-2%

• Total Investment Range: $127,800 – $171,800

• Term: 10 years
  **Numbers according to their FDD released on April 19, 2024.

Senior Helpers provides various non-medical care and personal assistance services, primarily for elderly individuals. These services include care and companionship services, bathing, dressing, grooming, and personal hygiene assistance, light housekeeping, meal planning and preparation, running errands, transportation, medication reminders, Alzheimer’s and dementia care, and caregiver staffing for various facilities.

Below tables taken from the Senior Helpers 2024 Franchise Disclosure Document – Item 19, page 47.

Benefits for the Franchisee:

• Client Lead Generation – Senior Helpers is the only brand that has National agreements that provide our franchisees with client leads through A Place For Mom and CareinHomes.com

• 1-1 Support – As a new franchisee you’ll be connected with an operations manager who will provide you with 1-1 support for up to 20 hours a week the first 3 months of your business.

• Recurring Revenue – You only need a small piece of the market to do well in this business since your clients will remain with you for many months and even years.

• Demand – In 2021, the first Baby Boomers reached the age of 75 — the age when seniors’ likelihood of required in-home care starts to rapidly increase. This means that peak demand for in-home care among this generation is only starting. Over the next 10 to 20 years, senior care needs are expected to grow dramatically

• Senior Helpers LIFE Profile™  – (Life, Independence, Function, Evaluation). Our unique LIFE Profile is a data-driven assessment tool that provides a holistic view of the risks, needs, and factors that influence the ability to age at home and helps to reduce the risk of an unsafe occurrence or hospitalization by over 70%.

Episode #68: ”We’ve Had LOTS of Things Go Wrong” – Fixing Failing Franchises, Franchise Brokers, Gov. Regulations

From multi-unit franchise owner to building the Franchise Brokers Association to over 200 brokers.

In this episode, I got to sit down with Sabrina Wall who is the CEO and Founder of the Franchise Brokers Association.

She built the second-largest franchise system for a commercial cleaning franchise in central Florida and was also a partner in another franchise.

We unpack how she got involved in franchising along with talking about her biggest challenges as an owner and how she went from struggling with her franchise at first, to building it into a successful business and what it took to get there.

Lastly, we talked about some new regulations that are being proposed for franchise brokers, that Sabrina is being very outspoken about on a way to create regulations that actually help and don’t hurt franchising as a whole.

Whether you’re an aspiring franchise owner or an existing franchisee, this is a can’t-miss episode. With that said, 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

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