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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Often times we get so caught up in trying so hard.
Trying to make something happen.
Trying to start a business.
Trying to work really hard.
Thinking that the harder and longer you work the more successful you become.
This is a reminder that ALL results start in your mind.
The best thing you can do is to have complete clarity on exactly what it is you want, and to spend a few minutes a day visualizing what your life will be like when you have it.
Try it out. It’s been a secret weapon of mine for 15 years now.
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ A franchise for sale showing 2023 sales of $1.4M
✔ Staffing franchise showing $6.4M in Gross Revenue
✔ Someone who got laid off and their journey of buying a franchise
✔ Interview with Franchisee who built a $50 Million Franchise
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 Enviro-Master Services, a franchise that provides restroom hygiene services, as well as deep cleaning, sanitizing, and disinfecting of commercial storefronts, kitchens, breakrooms, high-traffic and high-touch areas. Enviro-Master first started franchising in 2012, and now has 105 units throughout the country.
Washington D.C.
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Started over 10 years ago
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Asking price of $1,150,000
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2023 revenue of $1.4M
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Massive territory! Close to 4 million in population and includes six counties in the D.C. and Maryland area
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Owner is retiring; currently works 10 hours per week in the business. A general manager and sales team is in place.
Franchise Empire’s Take:
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Enviro-Master is not a “trendy” business, but this is a franchise that provides a much needed service with seemingly unlimited applications. Think of all the restaurants, bars, gyms, hotels, etc. that need this work done. There is also a recurring revenue element of the business where many of your customers will be on a weekly or monthly cadence for multiple services – deep clean of restrooms, drain clearings, tile and grout cleaning, powerwashing, etc.
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We like the ability to land a customer for one of the services, and then continue to add value when they need more periodic cleaning services like powerwashing.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Mark wasn’t sure if we should finish his last 10 years working a job or if he should buy a franchise. He also didn’t really know how to go about finding the right franchise if that was the path he decided to take.
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.
FRANCHISE OF THE MONTH
History:
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The first corporate location started in 1998 under a different name.
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Rebranded to Nextaff in 2004 and began offering franchises.
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Nextaff was acquired by a new owner in 2016 but kept the same name.
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No parent companies.
Numbers:
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Corporate Owned Territories: 4
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Franchise Units: 31
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Franchise Fee: $49,000
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Royalty: 9-7.5% Gross Wages (not revenue), for the previous year. Waived for the first 6 months.
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National Marketing Fee: $100/week or 1%
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Total Investment Range: $126,700 – $161,700
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Term: 5 years
**Numbers according to their FDD released on April 28, 2024.
Description:
Nextaff offers contract, temp-to-hire and direct hire placements for companies looking for staffing help. They specialize in healthcare, information technology, and commercial positions. As a franchisee you’ll be responsible for obtaining contracts with businesses in your market that have staffing needs. You will then recruit, interview and match candidates to the open positions you have. You will have a small office where you, your admin, and recruiters will work from. No staffing experience is required.
Financial Data:
Below tables taken from the Nextaff 2024 Franchise Disclosure Document – Item 19. According to their item 19, it takes approximately 8-9 months to breakeven.
Office by Quartile Reporting:
Benefits for the Franchisee:
- Choose Your Vertical: Unlike other staffing companies that typically work within one industry, NEXTAFF has the ability to staff in most verticals. We operate in Technology, Healthcare, and Commercial industries, allowing Franchise Owners to select the vertical that compliments their background and experience. Each of the 3 verticals is a separate franchise agreement.
- Back Office Support: Corporate covers a variety of aspects needed for the business to run smoothly. This includes payroll, HR, and legal. All the Franchise Owner has to do is worry about finding clients and matching them with the correct employees.
- Reduced Royalty Fees: The royalty fees are based on Gross Wages, not Gross Revenue or Gross Profit. Because the business is structured this way, NEXTAFF is usually 15%- 40% more cost-effective than their competition.
- X-FACTOR: The X-FACTOR is a customized recipe that ensures you find the right fit for your clients. While most staffing agencies use traditional methods such as manually reviewing resumes and conducting unstructured interviews, NEXTAFF uses a variety of methods including work samples, cognitive ability tests, personality tests and more to ensure additional hires have the correct skill sets, leaving you with a very high success rate.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #52: From 1 Location to $50 MILLION In Sales
Buckle up for an incredible ride with Ron Taylor, the man who built a $50 million Edible Arrangements empire across 9 stores in 3 states.
He talked about the exact strategies he used to rapidly add new Edible Arrangement locations, hiring the right people, and funding your expansion.
Plus, get an inside look at his experience working with billionaire Marcus Lemonis as COO of Simple Greek.
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