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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- Finding a quality franchise that aligns with your skills, budget and is available in your area.
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Today, in 5 minutes or less:
✔ $5.6M in sales with HVAC franchise*
✔ Quality Resale in North Carolina with 2023 Revenue of $685k
✔ Couple buys 3 locations of a coffee franchise
✔ This Business does $11 MILLION In Sales…Here’s How
*For Top 10% of owners in 2024 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 Mr. Electric, a Neighborly brand. Established in 1994, and acquired by Neighborly in 2007, Mr. Electric has grown to approximately 190 units throughout the country. Mr. Electric sells, services, repairs, installs and maintains electrical systems, equipment, components and supplies, including upgrades, remodeling and related services for both residential and commercial customers.
Greensboro, NC
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Started in 2021
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2023 revenue of $685,000
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Asking price of $850,000
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Vehicles and tools/equipment included in sale
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Two territories included
Franchise Empire’s Take:
- According to the FDD, the average sales for franchisees with a territory of 500K+ population is $1.63M amongst all reporting franchisees.
- The industry is constantly advancing. Electricity doesn’t look the same that it used to 20, 10 or even 5 years ago. People want advanced technology, with speakers in every room and smart lights.
- Corporate has a call center that will answer incoming calls and put them on the next available appointment with your technician.
- This business is started out of your home until you are ready to have an office space and your business supports needing one. Owners typically start with one tech / van and continue to scale.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Winnie and Isaac worked in finance and IT. They wanted a franchise that allowed their whole family to be involved and something that they could transition out of their full time jobs and do together. They also wanted something that had the opportunity to scale and do multiple locations. They had a passion for food and beverage concepts. and they loved the menu.
Our team helped them find, vet and buy a coffee franchise in Potomac, MD. They are also in our Franchisee Mastermind to get continued support as they launch their franchises.
Here are 5 Low Cost Franchises that make
$1,000,000 (Backed by Data)
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FRANCHISE OF THE WEEK
History:
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Started in Texas in 1992
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Began franchising in 1992
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Parent company is Dwyer Franchising/Neighborly
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 197
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Franchise Fee: $45,000
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Royalty: 7-5%, decreases as revenues increase
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National Marketing Fee: 2%
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Total Investment Range: $107,295 – $253,095
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Term: 10 years
**Numbers according to their FDD released on April 1, 2024, amended July 1, 2024.
Description:
AireServ franchisees install, maintain and repair residential and commercial heating, ventilating, air conditioning and indoor air quality equipment, perform related services and sell related products. The ideal Aire Serv franchise owner is a high-energy person who loves serving customers and enjoys leading a team. You do not need any HVAC experience to become an Aire Serv franchise owner! You do need to be able to follow and execute a marketing plan, encourage and mentor your employees, and stay involved in your local community.
Financial Data:
Below tables taken from the AireServ 2024 Franchise Disclosure Document – Item 19, page 66.
Benefits for the Franchisee:
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Discounts on Equipment – Aire Serv offers more rebates on equipment than any other Neighborly brand.
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Stable Industry – If someone has a problem with their HVAC unit, they likely won’t be trying to DIY and will need to call someone to fix the issue.
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Start From Home – This business is mostly run through your technician’s vehicle. You will need an office, but it is not required on day 1.
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Neighborly – Get referrals from other Neighborly businesses in your area, have the opportunity to purchase resales or new complementary franchises and have a customer base right away.
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Proven Track Record – AireServ has been around for over 30 years. Many people will recognize the brand, and corporate knows how to enter a new market with strategic advertising.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #79: This Business does $11 MILLION In Sales…Here’s How
In today’s episode we’re going to break down…
✅ Service Franchise showing owner doing over $11M in Sales!
✅ Affordable resale with SUPER strong franchise brand
✅ Franchise Buyers acquire resale with STRONG cash flow
✅ How to go from Employee to Entrepreneur Quickly & Safely
No matter where you’re at in the franchise process, this episode has something for you.
So 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