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:
✔ Handyman Franchise showing $224k Average Gross Profit
✔ Property Management resale in Texas with recurring revenue ($450k sale price)
✔ Guy quits his job with 1.5 hour daily commute for this franchise…
✔ Low Cost Franchise Earns $270k In PROFIT*
*For the top 25% of territory owners according to 2024 Franchise Disclosure Document
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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 Real Property Management. Established in 2006, Real Property Management has 423 franchise units throughout the United States and Canada. They are one of the largest property management franchises in the country and are part of the Neighborly network of brands.
Houston, TX
- Started in April 2018
- Asking price of $450,000
- 2023 revenue of $658,000
- Multiple territories included
- 135 properties under management (recurring revenue)
- Profitable location – NDA provided upon request
Franchise Empire’s Take:
- Real Property Management is a Neighborly brand which opens up opportunities for cross-marketing benefits, lead generation from getneighborly.com, networking opportunities, and tight knit franchise community.
- Over a third of the nation’s households now rent, while home ownership continues to decline (100 million people rent homes). With monthly rent rates increasing, and vacancy rates decreasing, it’s a great time to be in the property management industry.
- Franchise owners must hold a real estate license to manage the business (can be obtained if a candidate does not already have it).
Curious to learn more about this particular franchise resale, or other resales available in your area?
CLIENT CASE STUDY
Ralph lives in Vancouver, BC (Yes, we are able to help clients in Canada).
He’s a young guy – in his lower 30s so he didn’t have a whole lot of savings yet. He is an electrical journeyman and has to work night shifts and his schedule is constantly changing. He also has to commute 45 mins each way for his job. In Canada the funding options are very minimal but after several months he was finally approved for a loan.
He bought a very reputable painting franchise with a very strong brand, and is excited to have a more normal work schedule in the near future as he builds his business.
Here are 5 Low Cost Franchises that make
$1,000,000 (Backed by Data)
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FRANCHISE OF THE WEEK
History:
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Started in Colorado in 1998 under the name Handyman Matters
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Have been franchising since 2001
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In 2019 was acquired by Ace Services and changed the name to Ace Handyman Services
Numbers:
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Corporate Owned Territories: 12
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Franchise Units: 367
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Franchise Fee: $70,000
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Royalty: 6%
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National Marketing Fee: 2%
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Total Investment Range: $131,077 – $220,297
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Term: 10 years
**Numbers according to their FDD released on March 27, 2024.
Description:
Ace Handyman Services provides handyman, and repair and maintenance services, and sales to residential and commercial customers. These handyman services include basic services in the categories of carpentry, plumbing and electrical, drywall, painting, flooring, landscaping and many other miscellaneous repairs. The services provided by an AHS Business do not include advanced services in the categories of plumbing and electrical, painting, heating, cooling, air conditioning, and other categories. Those more advanced services are better suited for professionals that specialize in these services. You will use W2 full-time employees versus subcontractors.
Financial Data:
Below tables taken from the Ace Handyman Services 2024 Franchise Disclosure Document – Item 19, page 44.
Benefits for the Franchisee:
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Integrated Relationship with Ace Hardware Stores – Can market inside the local Ace Handyman stores and have direct access to the Ace Reward Members customers.
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Streamlined Processes – You’ll have an office manager who takes calls. All work is booked over the phone, by the hour so no estimating is needed. Craftsmen are dispatched from their home to the customer’s home and bills the customer at the end of the project.
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No Construction (DIY) Experience – Almost all of the franchisees came from Corporate America in backgrounds like project management, IT, marketing, engineering, logistics, manufacturing, etc.
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Strong Recruiting/Onboarding – Craftsmen and craftswomen are the most important piece of this business. Ace helps you recruit, interview and train/onboard new hires so you’ll have consistency. They also have a mentoring program for you so you can create a healthy and loyal relationship with your staff.
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Repeat Customers – As your business is more established you’ll start to have more and more repeat customers who will end up becoming a large portion of your revenue.
- Nights and Weekends Free – All business is done during 8-5, Monday-Friday hours.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
Episode #80: Low Cost Franchise Earns $270k In PROFIT*
In this episode of the podcast we’re going to cover….
✅ Pool franchise with average PROFIT* of $270k for top 25% (Low start up costs)
✅ Established graphics biz for sale (Avg reporting unit does $1.48M)
✅ New franchise saves millions in start up costs
✅ Franchise Owner who is opening 150 franchises with Drew Brees (NFL Hall of Famer)
And much, much more.
So sit back, take some notes, and enjoy the show!
*For the top 25% of territory owners according to 2024 Franchise Disclosure Document
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