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.
Want to keep up with our latest newsletters?
Next week, I have some exciting news to share with you so keep an eye out for that…
Tariq
CEO & Founder, Franchise Empire
Today, in 5 minutes or less:
✔ Service Franchise shows $2.8M in sales on $200k start up costs
✔ Franchise resale in Texas with BIG upside potential
✔ Case Study with Franchisee and recurring revenue business
✔ Couple buys Franchise resale doing $2M a year in sales
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 Window Genie. A Neighborly brand, Window Genie is a leader in the window cleaning and power washing industry. The franchise was started in 1998, and now has 113 units throughout the country. Franchise owners provide window cleaning, pressure washing, window tinting, gutter cleaning, and holiday lighting services to residential and commercial customers.
San Antonio, TX
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Asking price of $300,000
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2023 Revenue of $482,076
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Opened since August 2017
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Employees, equipment and vehicles included in sale
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Multiple territories included
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Mix of both residential and commercial clients
Franchise Empire’s Take:
- According to the FDD, the average job system-wide in 2023 was $512, with an average number of jobs completed per day of 4.7. Based on some rough math, this location appears to be operating well below the system-wide average.
- Owners role focuses on three primary activities:
- Sales & Estimating – Meeting with customers, quoting jobs, looking for up-sell opportunities, getting customers set up on repeat service plans, etc.
- Team Management – daily schedule, daily team huddles. “Creating a Culture of Excellence”.
- Networking – BNI, Chamber of Commerce, local Neighborly owners, Realtors, Property Managers, etc.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Anthony had worked with a Franchise Broker before, but, like most, had a very transactional experience, and wasn’t able to get comfortable with any options to buy a franchise.
Back in October of 2023, he was one of the first to go through our Franchise Buyers Academy, breaking down profits of different franchises, and paths on how to scale a successful franchise business.
Understanding our philosophy of leading with education, and how our Zero to Profitable Franchise system is an upgraded experience, rather than the traditional broker only path.
Our brokerage team connected Anthony with a Franchise that matched his financial goals, lifestyle and skillset really well, and he’s already off to a great start. After a zoom meeting with him this week, he expressed how happy he is with the franchise he bought and just raved about the support he’s getting.
If you want to learn more about how our proprietary Zero to Profitable System works, you can go to https://www.franchiseempire.
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:
- Established in 2004
- Mosquito Squad Franchising offered franchises from 2009 to 2021
- Parent company as of 2021 is AB Assetco LLC (Authority Brands)
Numbers:
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Corporate Owned Territories: 15
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Franchise Units: 217
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Franchise Fee: $50,000
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Royalty: 10-8%, sliding scale down (NO royalties for first 12 months)
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National Marketing Fee: flat fees ranging from $150/mo-$450/mo
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Total Investment Range: $164,580 – $220,175 (includes 12 months of additional funds)
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Term: 10 years
**Numbers according to their FDD released on April 27, 2024.
Description:
Mosquito Squad offers pest elimination and control services for both residential and commercial use. They have 3 main categories of pests that they eliminate 1) small pests that mostly stay outside like mosquitos, ticks, ants, etc, 2) pests that eat plants and 3) pests that get inside the home and do real damage like bed bugs or termites. They use patented treatment that is safe for pets to be around, but still gets the job done.
Financial Data:
Below tables taken from the Mosquito Squad 2024 Franchise Disclosure Document – Item 19, page 64.
TABLE 1
GROSS REVENUE PER TERRITORY, BY QUARTILE
(For the Fiscal Year Ended December 31, 2023)
Table 1 includes 202 territories that were open and operating for the entire 2023 fiscal year. Excluded from the Table are 15 territories that opened during the fiscal year and 11 territories that ceased operations during the fiscal year.
Benefits for the Franchisee:
- No Royalties for 1 Year – The entire first year no royalties are charged. They want you to focus on your business without having to worry about paying any royalty fees.
- Large Territories – A standard territory is 2-3 times larger than other franchise competitors in this space at 350,000-500,000 in population.
- Recurring Revenue – Most all customers will need recurring services, providing you with recurring revenue. They’ll also come back year after year. The item 19 should be a 70% renewal rate.
- Operate from Home – Start with one van and one tech while operating the business from a home office. You can add more vans/techs and still operate from home.
- 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 #65: Franchise Brokers Failed Them… Here’s What They Did
In this episode we sit down with a couple, Liz and Dean, who were able to purchase a franchise resale doing about $2 million in annual sales when they acquired it.
The cool part is that Liz and Dean were our clients, our team actually went out and found that opportunity for them and we helped coach them through the process.
So we’re going to dive into their story a bit, of working with multiple franchise brokers over about a year and just being disappointed in the progress they were making, to getting engaged with us, and how they navigated the process of buying a resale and what they are doing now that they stepped into a 15 year old business, and how you can learn from their journey!
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