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.

Have you been keeping up with the layoffs and everything happening with the economy?

There’s a lot of uncertainty right now, especially with the elections coming up.

And just about every week, major companies are “quietly” laying off 1000 people here, and 2000 people there.

IBM

Paramount

Goldman Sachs

Mastercard

& Intel with 15,000 people!

Honestly, it’s getting a little crazy out there.

I don’t mean to be a fear mongerer, but I do believe in being prepared.

I think one of the best ways to do that is to go out and start a business NOW. Because if more layoffs start happening in bigger waves, then you could be next.

Our team talks to over a hundred people every week, and I know we’re seeing more people coming to us looking into franchising after being laid off now than in the last 3 years of being in this business.

So, look – whether you buy a franchise, or start something on your own….

Do something! Because the best way to control your future….is to OWN it.

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ Boring Business with $2.5M in Sales & Lower Start Up Costs

✔ Resale in Nashville, TN that’ll probably sell quickly!

✔ Former Military buys Senior Care Franchise

✔ Should You Buy A Franchise? Podcast with a client in his mid 50’s and his journey to figuring out what to do next in life.

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 That 1 Painter, a residential and commercial painting franchise that offers both interior and exterior services. That 1 Painter, which is part of ResiBrands, is one of the fastest growing home services franchises in the industry. They now have 374 franchise units throughout the U.S.

• Asking price of $280,000

• Recently listed (will likely sell quickly)

• 2 territories included

• 1 truck included

• YTD revenue of approximately $230,000

• 65 Google Reviews

• Residential and commercial customer base

• Owner wants to focus on another business

• That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, an in-house appointment center, and ResiCreative, an in-house marketing and creative team. The franchisor takes care of all scheduling, marketing, social media, SEO, web design, and content creation for their franchisees.

• The business model typically uses subcontractors to do the actual painting jobs, which can keep your overhead and salaried labor low. If interested in this resale opportunity, we suggest understanding the current employees’ roles in the business and how many subcontractors the business has in rotation to utilize.

• Nashville is a fast-growing area with seemingly a lot of potential. It is difficult to find a well-established home services franchise that is available in the Nashville area.

Kingsley came to us as a former military, registered nurse. He was highly motivated to work for himself and his wife was on board with the goal (she was a nurse practitioner).

He was pretty sure he wanted to get into a senior care business, but was open to looking at other options. We helped evaluate some different types of ideas available in his market and within his investment range.

Ultimately, he knew senior care was the right fit for him, and moved diligently through the process to buy, a well-established franchise with over 300 units across the country.

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.

• Original location started in Jan 2010 in California

• A few name changes and acquisitions from 2010 to 2020

• Started franchising in 2010

• Acquired by Neighborly in January 2023

• Corporate Owned Territories: 3

• Franchise Units: 169

• Franchise Fee: $55,000

• Royalty: 8%

• National Marketing Fee: $625/mo for 1 year, then $845/mo

• Total Investment Range: $93,300 – $180,000

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

Junk King removes and hauls away junk from residential and commercial customers using a truck with a customized truck box that is able to be used for disposing, reusing, and recycling. They are not in the business of picking up regular trash, but instead belongings that a person no longer needs or has a use for. On average, 60% of every truckload is recycled, reused, or repurposed. They also have dumpster rental services for those looking to have a dumpster on site for a few days.

Below tables taken from the Junk King 2024 Franchise Disclosure Document – Item 19, page 60.

Benefits for the Franchisee:

• National Call Center – open 365 days a year and handles all inquiries and schedules jobs directly onto the franchisee’s schedule.with client leads through A Place For Mom and

• Larger Trucks and Territories – Junk King trucks are 20% bigger than those of their competitors. Territories are also large at a population between 450K and 600K.

• “Green” Brand – They care about making the world a better place and do so in a few ways. The more you as a franchisee can recycle the better it is for the environment and your bottom line. Less to the dump means less dumping fees.

• Low Employee Count to Start – You only need 2-3 employees to start with just 1 truck. As your business grows and you need more trucks, you’ll add more employees.

• 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.

Episode #69: Should I Buy a Franchise? [ANSWERED]

Is franchising the path that you should take, and if so how do you align with one that excites you and that you can see yourself in? This was the main question Anthony had before he started working with us as a client. Fast forward about 7 months and Anthony is now a franchisee with a brand he loves, doing work that fills him up. But he wasn’t confident about the decision or process from the beginning. So in this episode, we go deep with Anthony around the challenges he was having in figuring out if franchising was right for him, how he came to that conclusion, and just breaking down his process of how he approached becoming a franchise owner. With that said, sit back, relax, and enjoy the episode.

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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