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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I learned something that really pissed me off recently.
We had someone join our program and start working with our team because they really wanted to find a business that they could replace their income with.
Unfortunately, they had worked with a Franchise Broker/Consultant who told them it was possible to make $200k in profit in their first year. 
WE WILL ALWAYS KEEP IT REAL WITH YOU.
Reality check….
It’s not happening.
The only way that would happen is by buying an existing franchise already producing that or close to it.
My point is, if it sounds too good to be true it probably is and it pisses me off that there’s people out there in the industry giving people false hope, and creating improper expectations.
Your goal in your first year or two is NOT to profit a lot. That means you aren’t investing in your business.
The first few years you need to invest BACK into hiring more people, spending more money on marketing…
It also takes some time to get ramped up.
So don’t go working with people or getting sucked into get rich quick schemes because people tell you what you want to hear.
Listen to the people that are NOT telling you what you want to hear.
“Most people overestimate what they can do in 1 year and underestimate what they can do in 5 years.”
Don’t be that person.
Much love,
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Pool franchise with average PROFIT of $270k for top 25% (Low start up costs)
✔ Established graphics biz for sale (Avg reporting unit does $1.48M)
✔ New franchise saves millions in start up costs
✔ Franchise Owner who is opening 150 franchises with Drew Brees (NFL Hall of Famer)
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 SpeedPro. Established in 2003, SpeedPro has 130 locations throughout the United States. SpeedPro is a business-to-business large-format printing franchise for executives and entrepreneurs who want to leverage their experience and provide consultative services to other professionals and business owners.
Kirkland, WA
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Started in 2014
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Owner is moving out of state
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Asking price of $325,000
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Last 12 months revenue of $450,000
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$2,866 per month lease for 2,500 sf
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1 studio director and 3 1099 installers
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All printing equipment and other assets included in sale
Franchise Empire’s Take:
- SpeedPro provides products like wall murals and environmental graphics, vehicle and fleet wraps, window and floor graphics, and trade show displays.
- The ideal franchisee is categorized as follows: enjoys B2B environment, C level executive with sales, marketing or business development background, strong relationship building skills, active in day to day operations, and net worth of over $500k and liquidity over $250k.
- According to the 2024 FDD, the average gross sales for all reporting units was $1.488M in 2023.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Nina and Brent were about to invest millions of dollars opening some food and beverage franchises.
They came to us unsure and nervous, and wanting to not just get our insight but look into what other options were out there!
They joined our Zero to Profitable Franchise program, and did a complete 180, and we helped that buy a franchise that is about $200k to get open and shows $1.7M in sales in their FDD.
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:
- Founded in 2002 in Macon, Georgia
- ASP started franchising in 2006
- Parent company as of 2021 is AB Assetco LLC (Authority Brands)
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 375
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Franchise Fee: $40,000
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Royalty: 7-5%, sliding scale down
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National Marketing Fee: 1%
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Total Investment Range: $84,395 – $207,368
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Term: 10 years
**Numbers according to their FDD released on April 17, 2024.
Description:
ASP services both residential and commercial customers. Services offered are pool cleaning (40% of total revenue), equipment replacement/repair (40%), and pool renovations (20%). Most franchisees operate out of their home or small office. You also have the ability to open a retail store if you choose or do complete new pool installations.
Financial Data:
Below tables taken from the America’s Swimming Pool Co 2024 Franchise Disclosure Document – Item 19, page 69.
TABLE 3
GROSS REVENUE PER TERRITORY, BY QUARTILE
Table 3 below reports on 121 Territories that were in operation for the entire 2023 fiscal year, ranked by quartile in order of highest Average Gross Revenue per Territory to lowest Average Gross Revenue per Territory. Excluded from this table are 12 Territories that opened during the 2023 fiscal year and therefore were not in operation for the entire 2023 fiscal year and 8 Territories that ceased operations during the 2023 fiscal year. See Note 1 to Table 1 for the definition of “Gross Revenue.”
TABLE 4
NET PROFIT PER TERRITORY, BY QUARTILE
Table 4 below reports on 108 Territories, ranked by quartile in order of highest Average Net Profit per Territory to lowest Average Net Profit per Territory. Net Profit is defined as Gross Revenue minus total expenses.
Benefits for the Franchisee:
- Necessity – Pools have to be maintained weekly, if not daily. From cleaning, to chlorine management to fixing small issues. Fewer pool owners are wanting to take a DIY approach and are now wanting and willing to hire a pool maintenance company.
- Stable, Recurring Revenue – Most people need maintenance every week. Once established, you’ll have a steady stream of income every week.
- Targeted Marketing – ASP has the addresses of every pool owner in your territory. You’ll send out a mailing to only pool owners so you don’t waste money sending mail to non-pool owners. You’ll also do digital marketing as well.
- CPO (Certified Pool Operator) Training – You or an employee will be trained to become a CPO. This designation is required to work on commercial pools.
- Authority Brands – You’ll not only have an opportunity to network and get referrals from sister companies, but you’ll have the chance to own multiple businesses under the same umbrella company utilizing the same systems/software.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #64: Why Drew Brees Is Buying 150 Franchises
Alex is business partners with former NFL hall of famer quarterback Drew Brees in opening a whopping150 franchise locations across the country.
This is really an epic podcast episode whether you are a franchise buyer, franchisee or zor.
We dove into how Alex built up a 32 location wireless store franchise portfolio, how he financed them and eventually had a successful exit.
He could have sailed off into the sunset, but instead he owns 8 different businesses, with one of them being an Area Representative for the franchise everbowl, with already 40 franchise locations secured out of the 150 they committed to opening.
We dove into the details of how his agreement is structured, how he was able to get into a lot of his businesses with $0 of his own personal money, along with how he finds operating partners to run his businesses for him.
This is just epic episode with a serious move and shaker not just in the franchise world, but in the business world in general.
With that said, sit back, relax and enjoy the episode.
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