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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Today, in 5 minutes or less:
✔ Low Cost Franchise showing $2.7M in sales*
✔ Resale in Florida with revenue of $1.1M in last 12 months
✔ Finance guy buys unexpected franchise in booming industry
✔ The answer to: “Can You Make Passive Income With A Franchise?”
*Actual highest gross sales for a single unit owner. Average gross sales are $890k for single unit owners
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 CertaPro Painters. Established in 1992, CertaPro has nearly 500 franchise units throughout the United States and Canada. They are the largest residential and commercial painting franchise in North America. Entrepreneur Magazine ranks the franchise #1 overall in the home services industry.
South Miami, FL
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Started in 2016
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Asking price of $195,000
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Last 12 months revenue of $1.1M
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Cash flow of $213,000
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Assets and team information provided upon request
Franchise Empire’s Take:
- The CertaPro franchise system boasts a strong Item 19. Upon review, this particular resale appears to be a mature franchise location that is performing well below the average gross sales of $2.08 million for franchise locations open at least 2 years in business.
- CertaPro is one of the strongest home services franchises in the industry. They have a strong, hands-on training (five weeks) and support program for their zees, leading to a 90%+ retention rate amongst their network over the past 3 years.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Farris was a VP for Bank of America and ironically enough worked with the SBA for financing with his customers who were purchasing franchises. He saw first hand the financials of some of these franchises and realized maybe he should look into that for himself.
He and his wife were more risk-adverse as they did not want to risk their whole lives’ savings/retirement on something they felt may not pay off. Farris is a Promoter and not afraid to get out there and network.
They found the perfect franchise for them in a Fire & Water Restoration franchise. Being in Florida, they felt the jobs would not be hard to come by and Farris could use his personality and skill sets to network with the right referral sources to feed their business with referrals. Farris is running the franchise FT and Nicole is great at finance and operations and will be helping with the backend of the business.
Here are 5 Low Cost Franchises that make
$1,000,000 (Backed by Data)
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This Will Save You So Much Time.
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FRANCHISE OF THE WEEK
History:
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Started in 2000 in Michigan and began franchising shortly after
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Acquired by Dwyer Group (Neighborly) in June 2015
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 329
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Franchise Fee: $65,000
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Royalty: 7%
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National Marketing Fee: 2%
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Total Investment Range: $123,000 – $159,600
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Term: 10 years
**Numbers according to their FDD released on July 1, 2024.
Description:
The Mr. Handyman Franchised Business is devoted to providing consumers with a professional, safe, and reliable maintenance, repair and improvement service. We seek to build customer trust by our professional approach, advanced computerized systems, personalized marketing programs, customer relationship management, and by the use of uniforms and identifiable Mr. Handyman service vehicles in the communities we service. Generally, our franchise owners do not perform the actual maintenance, repair and improvement services but employ individuals experienced in providing such services. While Mr. Handyman businesses can be initially operated from a home office, we strongly recommend that you lease office space in a commercial or light industrial office park of your choice.
Financial Data:
Below tables taken from the Mr. Handyman 2024 Franchise Disclosure Document – Item 19, page 66.
Benefits for the Franchisee:
- Diverse, In-Demand Services – More than 100 million US home and business owners, including those in your neighborhood, need help tackling their to-do lists. Busy families, baby boomers and seniors don’t want to spend precious time on fix-it chores around the house.
- Work-Life Balance – Family-friendly M-F work week with no on-call or emergency work after hours.
- No Experience Needed – Owners do not do any of the handy work so you don’t need to be handy at all. Most of the owners are former top level business executives.
- High Repeat Customers – Over 70% of your revenue will come from repeat customers. Complete the job well and you’ll have a customer for years to come.
- 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, not to mention referrals from other franchise owners in your market.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #77: How This Franchise Generates $2.5 MILLION In Recurring Revenue
Interested in buying a resale franchise? You don’t want to miss this episode. In today’s episode, we’re going to break down a resale franchise doing $2.5 MILLION in recurring revenue plus…
✅ Ultra-low-cost franchise with recurring revenue
✅ Business Partners buy TRUE Semi-Absentee business
✅ Breakdown of the BEST Franchises to Buy (Franchise Empire Show)
And much, much more…
Sit back, take some notes, 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