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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The end of the year is basically here and you have 2 choices:
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Take your foot off the gas and slow down before the finish line (hell, you could just drop out of the race all together)
OR
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You could put the pedal to the medal, and blow yourself away by what you can accomplish when you put your mind to it.
For 9 years I felt trapped in the tightening grip of golden handcuffs….
The end of the year was just a slap in the face, and a reminder of how little progress I made to my ultimate goal of becoming a successful, thriving full time entrepreneur.
At some point I had to decide that enough was enough. I had to decide that I was worthy and capable of these audacious goals and dreams, and it’s time to step up!
I always thought… I want to live my Dream Life …
That’s why I have the neon light on the wall in my YouTube studio that says Dream Life Mastery.
Listen.
Your year is NOT over. You and I both know you set some goals this year, and starting a business was a BIIIIG one on your list.
I know we probably haven’t met personally, but dammit…I believe in you. Like I said earlier, you will BLOW YOURSELF AWAY with what you can accomplish when you put your mind to it.
Below are some interesting opportunities for you.
Check them out, and if you are serious about finishing the year strong…
Do something about it.
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ 1 Specific resale franchise for sale
✔ 1 Franchise of the week
✔ 1 Client Case study of someone just like you
✔ Latest episode of The Franchise Empire Show
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 another member of the Neighborly network of brands: GroundsGuys. Established in 2010, GroundsGuys has 211 franchise units throughout the United States. They provide commercial, residential and municipal property maintenance, landscaping and hardscaping services; snow and ice maintenance services; trash and debris removal; arboriculture services; lawn renovation; residential, commercial and municipal turf care services; and other related services and products.
GroundsGuys - Canton, OH:
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Opened in 2016
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2022 Sales = $826,582
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Asking price of $549,000
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Accredited third-party business valuation
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Vehicles and equipment included in sale
Franchise Empire’s Take:
- GroundsGuys is a unique type of business that provides recurring revenue via established residential and commercial customer bases, in addition to one-off large landscaping projects as requested by customers.
- Solid 2022 sales, but with opportunity to grow (based on AUV for the system). Canton is a large enough city within an hour of Cleveland metro.
- Candidates interested in the home services space that want a turnkey opportunity could be a great fit for this business.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Ashley and her husband had been successful entrepreneurs for 15 years.
Unfortunately COVID and some other factors did their business in.
When they reached out to us, they were talking about opening up a coffee franchise which I told them point blank I thought was a terrible idea because it would lead to the OPPOSITE of what their ideal lifestyle was.
Well, are you curious how the story ended?
(Hint: They are happy franchise owners)
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:
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Original corporate location started in 2010 in Arizona and started franchising shortly after.
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Acquired by FS PEP Holdco, LLC (Five Star Franchising) in July, 2021.
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 127
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Franchise Fee: $55,000
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Royalty: 7%
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National Marketing Fee: 2%
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Total Investment Range: $110,695 – $164,195
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Term: 10 years
**Numbers according to their FDD released on April 30, 2023
Description:
Bio-One is a very unique franchise in the restoration industry focusing on Crime and Trauma Scene Cleaning. They have a clear mission: Help First, Business Second. Many of the families they are working with have just gone through a very traumatic time. They come in and clean up situations that a lot of other companies don’t care to help with: biohazard cleanup, crime scene cleanup, hoarding cleanup, mold and more. Bio-One franchisees are trained to handle these situations with compassion and professionalism, providing a valuable service to their communities.
Financial Data:
Below tables taken from the Bio-One 2023 Franchise Disclosure Document – Item 19.
Benefits for the Franchisee:
- No Seasonality – Many restoration franchises do have some seasonality – especially in certain states. Bio-One does not have that aspect. Unfortunately mental health issues cause the need for most Bio-One’s services and that is something that happens 24/7.
- Limited Competition – This is hard work. This business is a niche that not everyone is cut out for. For that reason, there aren’t as many companies who offer this service that is so needed.
- Fast Start-Up – You can start this business from home with no need for a physical location. Once you get your licenses, certifications, and insurance, all you need is a truck and a few highly trained professional techs and you’re ready to take on business.
- High Net Margin Potential – The highs of the net margins of all four quartiles was over 30%.
- Limited Staff – Can get started with yourself and 2-3 other full-time people. Your technicians will make anywhere from $30-$60/hour.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #28: Top Franchise Brokers Reveal How to Find Profitable Franchises
The first step in building your franchise empire is choosing the right franchise. If you buy the wrong franchise it can make the path 10x harder.
In today’s episode, I sat down with Kevin & Charista, two top-performing franchise brokers.
We dive deep into the costly mistakes people make when buying a franchise, how to find the right franchise that aligns with your goals, and the important things you need to know to reduce your risk when buying a franchise.
Sit back, grab something to take notes with, 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