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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Have you ever heard the story about “The dog and the nail”?
There was a young man walking down the street and happened to see an old man sitting on his porch. Next to the old man was his dog, who was whining and whimpering.
The young man asked the old man “What’s wrong with your dog” The old man said “He’s laying on a nail”.
The young man asked “Laying on a nail?, Well why doesn’t he get up?” The old man then replied “It’s not hurting bad enough.”
What nails are you lying on in your life?
Every day we have conversations with folks who go “I’ve wanted to start a business for 5, 10, 15 years….” but yet they are still stuck doing the same damn thing, over and over and over again.
Why?
Because we lie to ourselves and say “I’m good” when we really aren’t.
PAIN is what precedes change. Once we finally say, “enough is enough! I’m tired of being out of shape and not liking who I see in the mirror.”
“I’m embarrassed to take my shirt off at the pool or the beach..”
Then you’ll finally start eating right, and exercising more consistently.
Once we finally say “ I’m actually pretty damn miserable at my work, or I hate not being able to see my kids anymore”….
All of a sudden, we aren’t willing to endure the pain any longer, and we finally decide to change.
So back to the question: What nails are you lying on in your life?
More importantly, what are you going to do about it?
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Existing franchise for sale cash flowing $147k
✔ Interesting business shows $3.9M in average sales
✔ A story of unlocked growth in a business
✔ Free Money! How to get business grants that don’t need to be paid back
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 CertaPro Painters. Established in 1992, CertaPro has nearly 500 franchise units throughout the United States and Canada. They are the largest residential and commercial painting franchise in North America. Entrepreneur Magazine ranks the franchise #1 overall in the home services industry.
Naperville, IL
- Started in 2001
- Asking price of $450,000
- Last 12 months revenue of $1,004,787
- Cash flow of $147,500
- Owner is retiring
- Established subcontractors
Franchise Empire’s Take:
- The CertaPro franchise system boasts a strong Item 19. According to the FDD, the AUV for franchise locations open at least 12 months is $2.08M. Based on the current sales, there appears to be an opportunity to increase sales within the existing market.
- CertaPro is one of the strongest home services franchises in the industry. They have a strong, hands-on training (five weeks) and support program for their zees, leading to a 90%+ retention rate amongst their network over the past 3 years.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Tyree bought a painting franchise and got off to a really fast start. Some impressive numbers. But then he faced a cash flow challenge.
One thing we do differently at Franchise Empire is we hold group coaching calls for LIFE for our ZTPF clients who buy franchises with us.
I’ve been coaching Tyree on these calls for the first 7 months of his business, through his first hires, and the challenges of building a business while his wife and he maintain their FT jobs.
Well, we broke through a huge barrier for him in his business and producing the cash flow he needs. Tune in live, or watch the recording for the newsletter to hear more!
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 WEEK
History:
- Corporate location started in 1978
- Started a dealer model in 1991 and then converted to a franchise model in 2010
- Parent company is now Home Brands Group which is ultimately a subsidiary of TZP
Numbers:
- Corporate Owned Territories: 0
- Franchise Units: 136
- Franchise Fee: $50,000
- Royalty: 5-6% depending on your gross sales
- National Marketing Fee: 2%
- Total Investment Range: $276,300 – $609,625
- Term: 10 years
**Numbers according to their FDD released on May 28, 2024.
Description:
ReBath offers and sells single-family residential bathroom remodeling services and related products. They have three project solutions for customers: 1) a complete bathroom remodel, 2) tub and shower updates, and 3) aging and accessibility solutions. You will offer free in-home consultation where you will work with the customer to design their new bathroom. Then you will remove the old bathroom products and install the new products. ReBath offers a one-stop solution for the customer’s bathroom remodeling needs. You’ll have a showroom, office and warehouse to run your business from.
Financial Data:
Below tables taken from the ReBath 2024 Franchise Disclosure Document – Item 19, page 46.
Benefits for the Franchisee:
- National Accounts – Lowe’s, Home Depot and Sam’s Club are part of the national accounts with ReBath giving you built-in referrals with customers that patron those stores.
- Massive Territories – the $50K franchise fee covers a territory of 750,000 to 1,250,000 people! You don’t typically find territories that large for that price.
- Projects Completed Quickly – all jobs are able to be completed in less than 5 days, with most being completed in 2-3 days. This is attractive to the homeowner and also keeps your labor costs down.
- Quick Ramp Up – once your showroom/location is open, you’ll be able to bring in bigger projects right away. The typical remodeling project ranges from $15K – $35K. You don’t need hundreds of projects to get to a million in revenue.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #56: How to Get FREE Money for Your Business With Business Grants
On this episode we dive into how you can secure free grant money for your business with multi-unit Little Caesars franchisee and expert coach, Karriem.
Learn how he helped a client obtain a staggering $15,000 in grants and how you can tap into this life-changing opportunity.
If you’re a business owner who likes free money…
Sit back, take a LOT of notes, and enjoy the show.
See What Grants Are Available For You: https://www.franchiseempire.
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