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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For those of you who are struggling to find the right franchise, or maybe you’ve worked with a broker or consultant and haven’t had success…
We offer a two week trial in our proprietary Zero to Profitable Franchise™ system to help you get access to the most proven franchises and reduce your risk, so that you can buy a money making franchise with confidence and PROTECT YOUR ASSETS.
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You can do that here https://www.franchiseempire.com/ztpf
Today, in 5 minutes or less:
✔ Low cost cleaning franchise that shows 4:1 Sales to Investment Ratio (that’s good)
✔ Resale in Illinois showing SDE of $147,655 (started in 2016)
✔ Former military couple buys senior care franchise
✔ Every Business Needs THIS Digital Organization System
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 Right at Home, an in-home senior care franchise opportunity providing companion, personal and specialty care services to the elderly population. Started in 2000, Right at Home now has 497 franchised units, making it one of the largest senior care providers in North America.
Southwest Illinois
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Asking price of $500,000
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Location started in 2016
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SDE of $147,655
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2 territory location with just under 70,000 seniors
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Well-established presence in the community with multiple referral sources
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97% private pay customers
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Owner is retiring
Franchise Empire’s Take:
- Right at Home is one of the franchise leaders in the senior care industry. It’s difficult to find territory that is open, especially a resale opportunity that has been around since 2014. Owners will need to be compassionate about this space and comfortable managing a larger-sized team.
- According to the Right at Home 2023 FDD, the Average Net Billings for 350 office locations open at least one year was $1.56M in 2023. Clearly, this is a scalable opportunity with recurring revenue elements to the business.
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Pete is prior military and Caitlin just had their second child. They were in a great position where Caitlin could start FT with the franchise and Pete will be PT until he could quit his job too.
Their skillsets complemented each other really well and were excited to go into business together.
They both had experience managing large teams and wanted something that was more recession proof and a NEED, not a want.
They ended up purchasing a senior home care 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.
FRANCHISE OF THE WEEK
History:
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Formed in 1996 in Massachusetts
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Started offering franchises in 1997
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Parent company is Threshold Brands – acquired in 2020
Numbers:
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Corporate Owned Territories: 0
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Franchise Units: 238
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Franchise Fee: $45,000
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Royalty: 6%
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National Marketing Fee: 2%
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Total Investment Range: $105,560 – $130,800
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Term: 5 years
**Numbers according to their FDD released on May 1, 2024.
Description:
MaidPro offers residential and light commercial cleaning. You’ll start your day off by meeting with your employees at your office to make sure everyone has the supplies they need for their jobs that day. Every employee will follow a 49 point checklist at each residence to ensure they are providing a consistent and thorough cleaning each time. As the owner you’ll be networking, analyzing your marketing and numbers, managing your team and creating a good culture, and providing customer service to your customers. It’ll take a few months to establish your core group of customers, and then you’ll look to grow your business from there.
Financial Data:
Below tables taken from the MaidPro 2024 Franchise Disclosure Document – Item 19, page 66.
Benefits for the Franchisee:
- Work-Life Balance – All work is done within normal business hours. This leaves you with free nights/weekends and gives you more time to work ON your business instead of IN your business.
- Professional Recruiting Tools – Home Office Talent Acquisition Manager on staff to handle employment recruitment, retention, and best practices. MaidPro University Training Program.
- Recurring Revenue – Over 80% of your revenue comes from customers that are on a recurring basis – once a week, twice a month, once a month, etc.
- 24/7 Call Center – Don’t worry about being disrupted by giving quotes over the phone. The national sales center will provide that service for you.
- Flexibility for the Franchisee – MaidPro allows you to use whatever vendors you want, have as many company cars as you want, and does not dictate how many employees are on each job. You are given the flexibility to make these decisions for your business.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #78: Every Business Needs THIS Digital Organization System
The enemy of clarity is chaos and confusion, especially for entrepreneurs.
Clarity is the foundation of the successful business you want that you don’t become a slave to.
How many times have you misplaced files, forgot where or how to access things, or felt a lack of control over your email, files, systems, etc?
In this episode, my guest, Shawn Lemon, is the King of digital organization. We chatted through some of the common issues entrepreneurs face that create confusion and chaos in their businesses and cause them to lose a couple of hours a day dealing with things in the business that do not create success.
We talked about some key systems, processes, and tools for you to become more organized and experience a better sense of clarity, gain back more of your time to focus on what matters, and be able to do more of what you enjoy.
He was also kind enough to provide access to a free organization guide, which you can grab for free at https://thedigitalorganizer.com/franchiseempire
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