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.

You know typically the longer we wait to change something that we either know we want to, or need to change then the worse things get.

Forgetting that you are unhappy in your current situation, or not following the dreams in your heart will only continue to build. Ignoring it, or doing nothing about it doesn’t help.

You can apply to starting a business, or to finally getting back in the gym or eating healthy, honestly it can be applied to any area of your life.

But when I look back on my life, the things I regret the most are not deciding to make a change SOONER.

So think about how that applies to you and your life, and where are you going to draw a line in the sand and finally say “ YOU KNOW WHAT”. I’m making this change…

I’m getting back in the gym.

I’m going to do something fun with my family.

I’m going to start that business.

Take a decisive and committed step towards the life you want to live.

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ 1 franchise resale that is CRUSHING it. Huge opportunity.

✔ 1 lower cost franchise of the week that owners average $1mil in sales

✔ 1 Client Case study of someone who bought a resale that fully replaced his income

✔ Latest episode of The Franchise Empire Show with a huge multi unit franchisee

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 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.

• Started in 2013
  

• Asking price of $999,999
  

• 4 employees on staff; poised for growth with the right owner
  

• ~7,500 business establishments in territory
  

• Large presence in light industrial and skilled trades 
  

• 1,500 sf office lease transferred to new owner
  

• Owners are retiring

• 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!

• 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.

We may have featured Tarik before, but he bought a franchise resale that was able to completely replace his income. It was a dream come true for him.

I thought it was fitting because of the resale that we highlighted here. It’s a life changing opportunity for the right person.

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 1994 in Texas and began franchising the same year. 

• Acquired by Neighborly in March of 2007. 

• Corporate Owned Territories: 0

• Franchise Units: 189

• Franchise Fee: $42,500

• Royalty: 6%

• National Marketing Fee: 2%

• Total Investment Range: $152,000 – $314,500 (plus any real estate costs)

• Term: 10 years
  **Numbers according to their FDD released on April 1, 2024.

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. The electrician will do a full safety check to ensure everything is up to code and working properly. The industry is constantly advancing. Electricity doesn’t look the same that it used to 20, 10 or even 5 years ago. People want fancy technology, with speakers in every room and smart lights. The franchisee can start with just 1 technician and no office is necessary to start.

Below tables taken from the Mr. Electric 2024 Franchise Disclosure Document – Item 19. There are 4 charts in the Item 19, broken down by population. These are the two in the middle of the population ranges.

Benefits for the Franchisee:

• Demand/Recession-Resistant – Literally every house and business uses electricity. If something goes wrong, you need to fix it. This also isn’t something most people are comfortable trying to DIY because there can be major safety issues if you do something incorrectly.

• No Experience Necessary – Owners are not the technicians. Don’t know how to change a lightbulb? No problem. They want true CEOs ready to manage a team of technicians, market their business, and be on top of their financials and operations. You’ll also be given a 1-1 Franchise Coach.

• No Real Estate to Start – This business is started out of your home until you are ready to have an office space and your business supports needing one. Start with just 1 tech and continue to scale.

• Call Center – Corporate will answer incoming calls and put them on the next available appointment with your technician. No need to be interrupted by calls from customers.

• No Chasing Money – Your techs will get paid at the end of every job..

Episode #48: This War Veteran Made Millions from Owning Franchises

In this episode, we dive into the incredible journey of Mike Lowry, a combat veteran turned multi-unit franchisee, who shares how he transitioned from a part-time employee to owning several successful franchises across multiple states.

Mike opens up about the strategies and mindset that propelled his growth in the competitive world of franchising, including his approaches to hiring, negotiation, and incentivizing key employees.

This episode is full of tactical strategies and leadership principles that drive a franchise business. This episode is a must-listen for anyone interested in entrepreneurship, leadership, and the ins and outs of franchise success.

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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