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.

Today, in 5 minutes or less:

✔ Restoration Franchise with $5.8M average sales*

✔ Resale in North Carolina with $740k sales in 2023

✔ Former Director of Operations buys outdoor living franchise

✔ Couple becomes top franchisees in less than 12 months

For franchisees in operations at least 2 years. Franchisees open less than 2 years average $2.4M

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 Mr. Appliance. Established in 1996, Mr. Appliance has 325 franchise units throughout the United States and Canada. They are the largest residential and commercial appliance repair franchise in the industry.

• Started in July 2021

• Asking price of $550,000

• 2023 revenue of $742,000

• YTD sales $742,000

• 3-territories included

• Technicians and support staff in place (turnkey!)

• Owners are motivated to sell – they’re relocating out of state

• Mr. Appliance is a Neighborly brand which opens up opportunities for cross-marketing benefits, lead generation from getneighborly.com, networking opportunities, and tight knit franchise community.

• The ideal owner is a “people person.” At the end of the day, you’ll be running a customer-service business that happens to be exceptional at repairing appliances. As a Mr. Appliance owner, you’ll need to lead this charge, creating a customer service infrastructure and culture that stands out in your community.

• This is a high volume, logistics type of business. According to the FDD, the average job size is $260 across reported franchise units.

Mike was Director of Operations for a dental supply company. He was motivated to get into business for himself, and didn’t realize there were so many different types of franchises out there (other than food and beverage, so trying to find the right fit on his own would be really overwhelming.)

Mike ended up joining an outdoor renovation franchise we found for him because he was interested in the outdoor living space, the financials in the FDD were solid, and he was very impressed with the team throughout the validation process.

Congratulations Mike!

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 1967

• Began offering franchises in 1970

• Changed their name in 2000

• Have locations in Canada as well

• Parent company is FSB Holdings, Inc. 

• Corporate Owned Territories: 0

• Franchise Units: 245

• Franchise Fee: $57,500-$184,000 (Based on population at .23 per person)

• Royalty: 4%

• National Marketing Fee: .5%-1%

• Total Investment Range: $285,800 – $737,400

• Term: 5 years
  **Numbers according to their FDD released on March 25, 2024.

Paul Davis offers structural reconstruction and emergency services, including drying, cleaning, loss mitigation and mold remediation, of residential and commercial structures and contents. You will assess the damage, provide cleanup and repairs, and help homeowners and businesses navigate insurance claims. The goal is to restore properties to their pre-damage condition as quickly and efficiently as possible. The owner is the CEO of the company who manages three key employees to start: Office Manager, Mitigation Manager, and Construction/Project Manager.

Below tables taken from the Paul Davis 2024 Franchise Disclosure Document – Item 19, page 49.

Table 1

2023 GROSS SALES OF OPERATIONAL PDR BUSINESSES IN OPERATION AT LEAST TWO YEARS

Table 2

2023 GROSS SALES OF OPERATIONAL PDR BUSINESSES IN OPERATION LESS THAN TWO YEARS

Table 5

RESALE VALUATIONS DURING 2023

Benefits for the Franchisee:

• Large territories – one territory is typically 500,000-800,000 in population which is higher than the industry average.

• Very Transparent Item 19 – They disclose the location, population, open date and gross sales for every location. They also have Resale data which we’ve never seen before.

• Lowest Royalties – at 4% the royalty is much lower than other restoration franchises let alone home service franchises in general.

• National Accounts – Paul Davis has contracts with many of the largest insurance carriers in the US, giving you a steady lead source of clients.

• Recession/Pandemic Resistant – losses occur 24/7, 365 days per year.

Episode #75: How They Became Top Franchisees In Less Than 12 Months

Mya and Tyree are considered top performers in their franchise as they enter their one year anniversary.

Given they are both very successful in the professional & corporate world, they really wanted to start building something that they could call their own.

Now just 12 months later, they are seeing some outstanding results, especially for being just one year into their business.

Mya and Tyree are clients of ours that came through our Zero to Profitable Franchise system and have stayed around our community continuing to stay looped in as they build their business.

So in this episode, they share some of the more intimate details about their sales, and what some of their secrets to success have been so far.

Now business isn’t all sunshine and rainbows, so of course they talk about some of their challenges as well.

This is a must-watch episode for anyone considering buying a franchise.

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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