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.

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…

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We help you with 3 things:

1. Finding a quality franchise that aligns with your skills, budget and is available in your area.
2. Due diligence to reduce your risk and protect your assets.
3. Getting launched so you can get off to a fast start.

What’s the catch? 

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The good news?

You can schedule a free consultation with our team to see if you qualify, and if we are the right fit to work with each other.

You can do that here https://www.franchiseempire.com/ztpf

Today, in 5 minutes or less:

✔ Low Cost Franchise shows $10M in sales in BOOMING industry*

✔ Resale in North Carolina with $742k sales in 2023

✔ New Franchise Owner in Texas!

✔ This Franchise Does $2.8 MILLION In Sales**

*This is the highest performing franchisee as listed in Item 19 of 2024 FDD
**Highest Territory in Gross Revenue in Item 19 of 2024 FDD

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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. Appliance. Established in 1996, Mr. Appliance has 325 franchise units throughout the United States and Canada. They are the largest residential and commercial appliance repair franchise in the industry.

• Started in July 2021

• Asking price of $550,000

• 2023 revenue of $742,000

• YTD sales $742,000

• 3-territories included

• Technicians and support staff in place (turnkey!)

• Owners are motivated to sell – they’re relocating out of state

• Mr. Appliance is a Neighborly brand which opens up opportunities for cross-marketing benefits, lead generation from getneighborly.com, networking opportunities, and tight knit franchise community.

• The ideal owner is a “people person.” At the end of the day, you’ll be running a customer-service business that happens to be exceptional at repairing appliances. As a Mr. Appliance owner, you’ll need to lead this charge, creating a customer service infrastructure and culture that stands out in your community.

• This is a high volume, logistics type of business. According to the FDD, the average job size is $260 across reported franchise units.

Nancy is a nurse and created a business doing legal nurse consulting alongside her normal shifts but was struggling to make that into a full time income. Troy is in IT and they wanted to find something they could both be involved with but something Nancy would run full-time.

She loved the idea of using her medical background and, while she was interested in senior home-care franchises, she wanted to explore all options first. Our team went hard at work to find her the best options given her criteria, skillsets, and financial resources.

After going through the process pretty far with a home improvement franchise, she got the clarity that a senior care franchise would indeed be a great fit for her and landed on a well known and proven senior care franchise brand.

Nancy and Troy loved the family-feel of the leadership and team with the Franchisor they chose. They were drawn to the recurring revenue model and stability that in-home senior care services will provide.

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.

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• Original location started in 2006 in Idaho

• Started offering franchises and area representatives shortly after in 2006

• Not owned by any parent companies

• Corporate Owned Territories: 5

• Franchise Units: 170 

• Franchise Fee: $55,000

• Royalty: 5%, 4.5% and 4% gross revenue (sliding scale down)

• National Marketing Fee: only 0.5%

• Total Investment Range: $94,500 – $176,400

• Term: 10 years
  **Numbers according to their FDD released on April 19, 2024

Assisting Hands Home Care grew out of a desire to provide seniors and others needing non-medical assistance at home, with the option that most people prefer – to remain independent, safe, and comfortable in their own homes. Assisting Hands is a home care franchise company that emphasizes exceptional customer service and highly personalized in-home care to meet the needs of our clients. They also provide medical care in some locations. Most of their services range from bathing, grooming, meal prep, light housekeeping, transportation, accompaniment to doctor’s appointments, exercise, companionship, etc.

Below table taken from the Assisting Hands 2024 Franchise Disclosure Document – Item 19.

TABLE 2

GROSS REVENUE FOR THE FRANCHISED LOCATIONS

DURING THE REPORTING PERIOD

**There are more 2 more pages of franchises disclosed in the FDD, but there is not a total/average table as everything is listed out by location. See the FDD to view the other 2 tables containing the rest of the franchises disclosed.

Benefits for the Franchisee:

• Scalability – While you can get into this with a single unit, you also have the option to run multiple units out of the same office. You could also choose to be an area representative which allows you an exclusive right to sell, train, and give support to franchisees in your region.

• Recurring Revenue – Most of your clients will need a caregiver for an extended period of time. This could be weeks to years, allowing you to rely on consistent income every month.

• Ability to Add Medical Services – Some home care franchises ONLY offer non-medical services. With Assisting Hands, you’ll be able to add on medical services once you have obtained licensure giving you the ability to keep those clients who may have otherwise needed to find new caregivers.

• Quick ramp up – Can get your location started within 3-6 months of signing. While it may take a little bit of time to establish a consistent client base, your overhead costs are relatively small and your total start up cost will likely be under $150K.

• Demand – According to the U.S. Census Bureau, beginning in 2010 and continuing over the next 20 years, an average of 10,000 people per day will turn age 65. According to the AARP, 67% of them will need some type of long-term care in the future. Only five percent (5%) reside or will reside in nursing homes.

Episode #82: This Franchise Does $2.8 MILLION In Sales**

If you’re looking for a franchise opportunity in the next 6-12 months, this is the episode for you.

Kevin and I sat down and broke down a few different franchise opportunities.

Specifically, we covered:

✅ Service Franchise shows $2.8M in sales on $200k start up costs

✅ Franchise resale in Texas with BIG upside potential

✅ Case Study with Franchisee and recurring revenue business

✅ Couple buys Franchise resale doing $2M a year in sales

NOTE: All of these numbers are either pulled from the most recent FDD or the numbers from that specific resale opportunity.

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

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