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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Today, in 5 minutes or less:
✔ High Performing Resale in Texas For $425K (Avg sales $1.07M)*
✔ Franchise with Median sales of $4.9M (Top Franchisee did $33Million!)**
✔ Working 12-16 shifts, to Franchise Owner
✔ Franchise Owners of 20 years Tell All!
*Numbers according to their FDD released on April 22, 2024
**Numbers according to their FDD released on May 6, 2024.
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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 PuroClean. PuroClean is a restoration and remediation franchise that helps individuals and businesses recover from unexpected property damage. It began franchising in 1991, and now has over 400 units throughout North America. PuroClean’s ‘rescue’ work ethic has earned it the reputation of being known as “The Paramedics of Property Damage.”
Houston, TX
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Started in 2021
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2023 revenue of $500,000
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2024 projected total revenue of $1.2M
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Asking price of $425,000
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Vehicle fleet and tools/equipment included in sale
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Two territories included
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Financials provided upon signing an NDA
Franchise Empire’s Take:
- According to the FDD, the average annual sales for all franchisees reported in the Item 19 is $1.07 million with the average investment (new units) of $230,000.
- Service lines include fire and smoke damage, emergency water removal, mold removal, biohazard cleanup, and reconstruction
- Non-weather-related water damage ranks second as the most common cause of homeowner insurance claims for PuroClean customers.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Lucky is a laboratory analyst and has to work 12-16 hour shifts, many times overnights. He had limited funds to work with but was very passionate about the senior care/personal care franchises. He has a family member who is disabled and has caregivers helping her so he has seen first hand the impact they have on people’s lives. He ended up purchasing a Senior Care Franchise and is excited to have a better work/life balance.
Here are 5 Low Cost Franchises that make
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FRANCHISE OF THE WEEK
History:
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Started in 1961 in Kansas City
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Been operating franchises since 2001
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No parent companies or predecessors
Numbers:
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Corporate Owned Territories: 3
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Franchise Units: 91
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Franchise Fee: $70,000
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Royalty: 5%
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National Marketing Fee: 1%
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Total Investment Range: $173,620 – $372,000
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Term: 10 years
**Numbers according to their FDD released on May 6, 2024.
Description:
City Wide offers commercial janitorial services, carpet cleaning, window washing, and maintenance services for commercial and retail buildings. As the owner, you’ll start your day by reviewing the previous day’s performance and preparing for your morning meetings with your staff. As you lead your team, you’ll be responsible for managing inventory, analyzing data, and problem-solving to ensure that each client’s facilities are running smoothly.
Financial Data:
Below tables taken from the City Wide 2024 Franchise Disclosure Document – Item 19, page 48.
Introduction to Table No. 1
The figures below in Table No. 1 represent the average Gross Sales (“Average Gross Sales”) generated by the sale of CITY WIDE services made by the franchisees that satisfied the Average Gross Sales Reporting Criteria (defined below) during the twelve month periods ending December 31, 2022, and December 31, 2023.
TABLE NO. 1
AVERAGE GROSS SALES FOR 2022 AND 2023
TABLE NO. 2
FIRST QUARTILE
Table No. 2(a)
Monthly Gross Sales and Net Royalties in Specific Time Frames at December 31, 2023
Benefits for the Franchisee:
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Proven Business Model – City Wide has been successful for over 60 years in the industry. This gives franchisees the confidence to invest in a brand that has a proven track record and long standing history.
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Strong Support System – You’ll have a strong support system, including training, marketing, and ongoing support.
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Multiple Revenue Streams – With more than 20 different services to open doors and generate income from, City Wide is the ultimate flywheel business.
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National Accounts – Most markets in the US have existing national accounts that are being run by corporate if there is no franchise in that market. They are immediately awarded to any new franchisee who takes over these markets.
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Extremely High Gross Sales – The majority of franchisees are lucky to get to over 1 million in gross sales but not for City Wide franchisees. The average revenue is right around 8 million.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #81: Franchise Owners of 20 years Tell All!
In this episode, I got to sit down with a business owner with over 20 years of experience.
We got to dive deep into the entrepreneurial experience and all the best strategies they’ve used over the years to find success. Plus, some of the obstacles/struggles they’ve ran into and how they overcame it.
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