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 just had an epic couple of days that I have to share with you.

First let me just say this…good things happen to those who take action.

Part of the reason I really enjoy making YouTube videos is because that’s my primary source of consuming content myself, and learning.

I’m sure it drives my team a little crazy, but I’m constantly sending clips and videos from business videos and podcasts of specific things I’m actively learning. 

Well I was traveling all week in LA, and Vegas sitting down in person doing podcasts with two mentors that I’ve been watching on YouTube for YEARS now. 

ne guy has down $50million in revenue with his businesses and over $100million in real estate transactions. (He’s got about 380k subscribers on YT)

The other guy built a franchise to over 300 locations, and owns multiple businesses that do tens of millions of dollars annually in sales. (He’s got over 750k subscribers on YT)

Keep an eye out on my YouTube channel over the next couple of weeks (make sure you’re subscribed there!)

Before we drop the actual podcast episodes, we have a vlog “day in the life” kind of video going out that’ll take you with me on the trip, and I’ll explain how taking action is what led to these 2 interviews and now intimate connections with these 2 epic entrepreneurs and thoughtful leaders.

Hint: It started with me making investments in myself, and being in the right rooms! 

We are in the process of upleveling everything we do here, with the intention to serve YOU, and add more value to your life, and your goals.

I appreciate you reading this and just being a part of our community.

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ $2.2M in average sales with very strong franchise brand*

✔ Low cost resale in Texas with big upside potential

✔ Why these experienced entrepreneurs just bought a franchise

✔ 4 Recession Proof Franchises business breakdown
*Average revenue for franchisees in production for 25 months or more per 2024 FDD

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 Mr. Electric, a Neighborly brand. Established in 1994, and acquired by Neighborly in 2007, Mr. Electric has grown to approximately 190 units throughout the country. Mr. Electric sells, services, repairs, installs and maintains electrical systems, equipment, components and supplies, including upgrades, remodeling and related services for both residential and commercial customers.

• Started in 2007

• 2023 revenue of $350,000

• Asking price of $190,000

• Vehicle and tools/equipment included in sale

• Just listed as of this past week

• Neighborly HQ is located nearby in Waco, TX

• According to the FDD, the average sales for franchisees with a territory of 500K+ population is $1.63M amongst all reporting franchisees.

• The industry is constantly advancing. Electricity doesn’t look the same that it used to 20, 10 or even 5 years ago. People want advanced technology, with speakers in every room and smart lights.

• Corporate has a call center that will answer incoming calls and put them on the next available appointment with your technician.

• This business is started out of your home until you are ready to have an office space and your business supports needing one. Owners typically start with one tech / van and continue to scale.

Greg and Julie came to us in the popular and fast-growing market of Atlanta. Franchises can be tough to find in their area! (A common challenge we help clients in popular markets solve)

Julie was already a successful entrepreneur – starting from scratch and building a large senior care business.

They also were real estate investors. Ultimately, they were looking for the best opportunity for Greg to utilize his B2B sales background and expertise.

Well, our team found them a really great opportunity with an emerging and fast growing franchise.

It’s going to be epic! We’re really excited for them.

We also thought it was interesting that, after building a successful business from scratch, they wanted to pivot to owning a franchise.

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.

• Established in 1971 in Ontario, Canada

• Went through a few name changes – used to be called College Pro’s and locations were entirely run by college students or college age individuals with assistance from College Pro.

• In 1991, expanded to full-service and changed names to CertaPro Painters and started franchising

• Parent company is FS Brands

• Corporate Owned Territories: 2

• Franchise Units: 324

• Franchise Fee: $65,000

• Royalty: 6%

• National Marketing Fee: 2-3%

• Total Investment Range: $171,000 – $246,000

• Term: 10 years
  **Numbers according to their FDD released on March 25, 2024.

CertaPro Painters® is the largest residential and commercial painting company in North America. They offer interior and exterior painting along with many other services including brick painting and limewashing, cabinet refinishing and repainting, concrete staining and epoxy finish, crown molding, drywall repair, power washing, siding painting, wallpaper removal and light carpentry and repairs.  

Below tables taken from the CertaPro Painters 2024 Franchise Disclosure Document – Item 19, page 34.

Benefits for the Franchisee:

• National Brand Recognition – CertaPro has been around for over 30 years and is the most well-known brand name in the painting industry.

• Low Overhead/Quick Ramp Up – You do not need to have a physical office nor do you need to have a lot of inventory. You can get up and running within weeks of signing your franchise agreement.

• Resale Opportunities – With a brand that has been around for years in a stable industry, we often see really strong resale opportunities with CertaPro that give the new owners a six figure income on day 1 of taking over the business. 

• Lead Generation – You’ll get assistance with pay per click advertising campaigns from corporate allowing you to hit the ground running. No cold calling necessary

• Stable Industry – The paint industry is a $60 Billion Dollar industry. Painting will always been needed and it’s not something a lot of people like to DIY. Cannot be replaced by technology or AI.

Episode #67: The Best Recession Proof Franchises In 2024

What are the best recession-proof franchises in 2024?

With the stock market nearly at all-time highs, interest rates at decade-long highs, and unemployment rate numbers increasing – it’s clear that we could be heading into a recession or already in one and we don’t know it.

So in this episode, which was a live stream that we did a few months ago, we’re going to break down the 4 best ways to profit from franchises right now

If you’re looking for the right business opportunity to not only survive, but thrive during a recession…

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

Subscribe to the Franchise Empire Newsletter for the latest Franchise news & updates