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.

I recently came across a fascinating interview….

It was with Starbucks’s CEO & Founder, Howard Schultz and he said something I thought was really insightful for anyone wanting to be successful as a business owner.

When he was trying to grow Starbucks in the early days, he could barely afford to hire people so he would help behind the counters pouring coffee and making drinks with no salary for 2 years. 

(crazy to imagine those humble beginnings right?)

He went on a walk with his father in law, and at that time his wife was about 6 months pregnant.

His father in law said, “Hey I respect what you’re doing, but this is a hobby- NOT a viable career path”. 

Fortunately Howard’s wife Sherry, was furious at her fathers comments and urged Howard to KEEP GOING. She believed in what he was doing, and most importantly…HIM.

In 2024 Starbucks revenue was over $35 BILLION…

A couple of lessons I gleaned from this.

#1 

Most people overestimate what they can do in 1 year and underestimate what they can do in 10 years. 

If you get caught up in the short term thinking about wanting to make a bunch of profit in year 1, you never get to year 5 or 10 when the numbers get really exciting. 

Everyone has to pay the price required. No exceptions.

#2

Having people who believe in you and support your dreams is so important

Imagine if his wife said “I agree, I think you should go get a job Howard”? 

Sometimes you won’t have that luxury and you’ll need to just be stubborn enough to believe in yourself.

Regardless of whether you buy a franchise, start your own thing, or whatever path your entrepreneurial ventures lead you to…

I’m praying for you right now, that you find the courage and faith to believe in yourself and act on it boldly with all of your heart and grit, and tenacity. 

EXPECT it to be hard my friend, and you’ll set yourself up for success much better than asking for it to be easy. 

Godspeed my friend.

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ Service Franchise showing owner doing over $11M in Sales! in recurring revenue!

✔ Affordable resale with SUPER strong franchise brand

✔ Franchise Buyers acquire resale with STRONG cash flow

✔ How to go from Employee to Entrepreneur Quickly & Safely

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 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.

• Started in 2016

• South Miami Market

• Asking price of $195,000

• Last 12 months revenue of $1.1M

• Cash flow of $213,000

• Assets and team information provided upon request

• The CertaPro franchise system boasts a strong Item 19. Upon review, this particular resale appears to be an underperforming location based on the average gross sales for other units that have been open for 3+ years ($2.22M in sales).

• 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.

• 58% of system-wide sales were for residential customers and 42% commercial.

Liz and Dean came to us feeling frustrated in the franchise buying process. Dean is an owner in a very popular food franchise brand, and Liz worked in the business.

Although Liz was ready to own a franchise of her own, she had worked with a few different franchise brokers and just wasn’t feeling warm and fuzzy with the experience she was having, and more importantly wasn’t being presented with franchise brands that she could see herself owning.

Just a couple of weeks into joining our Zero to Profitable Franchise system, our brokerage team was able to find a resale in an incredible franchise brand with really strong cash flows.

Liz is crazy busy running her business now, but will be joining us on The Franchise Empire Show podcast soon.

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.

• Originally incorporated in Texas in December of 1980

• Predecessor offered franchises from 1981 to 2021

• Bought by Neighborly in 2021

• Have 50 locations operating in the UK as well 

• Corporate Owned Territories: 0

• Franchise Units: 313

• Franchise Fee: $40,000

• Royalty: 3-8%, sliding scale down

• National Marketing Fee: 2%

• Total Investment Range: $169,336 – $325,900

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

Rainbow Restoration helps with mitigation, restoration, reconstruction, mold remediation, water, fire, smoke and odor clean-up, wind damage, cleaning services and any additional service. Franchisees may also perform hard surface, carpet and upholstery cleaning and other related restoration and cleaning services as well as air duct cleaning services. Some franchisees have even added contents cleaning restoration, complete rebuilding/reconstruction and biohazard/trauma clean up. Almost all services are paid by the customer’s insurance company and they service both residential and commercial properties.

Below tables taken from the Rainbow Restoration 2024 Franchise Disclosure Document – Item 19, page 78.

Benefits for the Franchisee:

• Neighborly – Neighborly is the world’s largest and fastest-growing family of premier home services brands, proudly serving nearly 1 million customers worldwide every year with their 19 brands. You’ll get access to buyer power, resources, training, marketing and dedicated coaches to help you be successful.

• National Accounts Program – Rainbow has a connection with major insurance companies like Allstate, Liberty Mutual and more. You’ll be the preferred vendor for anyone with those insurance companies and you can work on exclusively these key accounts or you can choose to not work them at all – or a combo. (They do require an additional cost to the insurance company)

• Low Employee Count – As you start your business you’ll work on mainly extracting water and you can do that with just you and one 1099 helper. As you get more business and add services you’ll add more employees – but even at full capacity, you’ll still have a small team.

• SBA Express loan – Neighborly and Rainbow have worked out a deal with a bank to get approval for an SBA Express loan up to $350K! Normally SBA Express loans only go up to $150K.

• Always will be a Need – The restoration industry is both recession-resistant and in high demand, thanks to the ever-present need for property restoration services.

Episode #63: 9 Failed Businesses to 7-Figures In Revenue

In this video we are going to breakdown how to make the leap from employee to entrepreneur. Quickly and safely.

What I share in this video can be applied to ANY business, not just franchises.

So 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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