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 ever heard the term a rising tide lifts all boats?

This was coined by John F Kennedy, and the idea was that investing in economic development benefits everyone who participates in the economy.

But…

This phrase also is applicable to choosing a business in the RIGHT industry. The reality is that some industries are dying. 

Some industries are over-saturated.

Some industries are ripe for massive growth, and those who see the diamond in the rough will benefit greatly.

How does that apply to you?

Whatever industry or business you choose. Try to pick one where the tide is behind you. 

Even if you’re an average entrepreneur and performer, you’ll get an extra “push” from the rising the tide.

With an aging and rising senior care population, that is certainly an industry that fits that bill.

By 2030, 1 in 5 US residents will be over the age 65 and 70% of people who are 65 or older will require long-term care. 

AND…

Franchising in general. 

Franchising as a business segment is exploding. Fragmented businesses and industries are being disrupted by franchising.

So regardless of how you feel about it, franchising is here to stay.

Tariq

CEO & Founder, Franchise Empire

Today, in 5 minutes or less:

✔ Franchise showing owner making $24million a year in sales

✔ Resale franchise for sale with $824,000 in 2023 Sales

✔ Franchise buyers journey of finding the right franchise

✔ FES Show – How to Actually Buy a Franchise that Makes Money!

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 Window Genie. A Neighborly brand, Window Genie is a leader in the window cleaning and power washing industry. The franchise was started in 1998, and now has 113 units throughout the country. Franchise owners provide window cleaning, pressure washing, window tinting, gutter cleaning, and holiday lighting services to residential and commercial customers.

• Asking price of $725,000

• 2023 Revenue of $824,488

• Opened since August 2014

• Owner is retiring

• Employees and vehicles included in sale

• Mix of both residential and commercial clients

• Myrtle Beach is an attractive market for this type of company/service. There are many hotels and businesses in the area that need these services to maintain the aesthetic look of their buildings.

• According to the FDD, the average job system-wide in 2023 was $512, with an average number of jobs completed per day of 4.7. Based on some rough math, this location appears to be operating around the average for the entire system, with an opportunity for growth.

Maritza and her husband had always wanted to pursue entrepreneurship together. About 8 months ago they started looking into options like real estate, and franchises. They knew they wanted to make a change in their life so they could have more time to spend with their young kids. After searching on Google and YouTube she found Tariq and Franchise Empire. Since joining ZTPF her and her husband have officially become franchisees and highly recommend ZTPF for anyone considering buying a 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.

• Founded in 1980

• Started offering franchises under the Homewatch name in 1996

• Acquired by Authority Brands in May of 2017

• Corporate Owned Territories: 0

• Franchise Units: 213

• Franchise Fee: $50,000

• Royalty: 5%

• National Marketing Fee: 2% – .5%, sliding scale down as revenue goes up

• Total Investment Range: $92,310 – $154,000

• Term: 10 years
  **Numbers according to their FDD released on April 18, 2024.

Homewatch Caregivers provides companionship, personal care, complex personal care and allowable nursing services for both private pay and insured clients. The services are provided by home health aides, personal care providers, certified nurse assistants, companions, licensed practical nurses and registered nurses to seniors and other clients who are disabled, rehabilitating or recovering. As the owner you will be hiring and managing several caregivers. You’ll be networking and getting the word out about your business. Most owners hire a coordinator of some kind to help with scheduling. 

Below tables taken from the Homewatch Caregivers 2024 Franchise Disclosure Document – Item 19, page 63.

MATURE FRANCHISEES REVENUE PERFORMANCE

Table 4 below shows data of the 78 franchisees who reported Gross Revenue greater than $0 in all 12 months of 2023 and had been in business for at least 3 years as of December 31, 2023. These 78 franchisees operated a total of 162 Territories during the 2023 fiscal year. The table excludes 38 franchisees (representing 49 Territories) who had been in operation less than 3 years as of December 31, 2023. It also excludes 1 franchisee (representing 2territories) who did not report a full 12 months of Gross Revenue.

Benefits for the Franchisee:

• Demand – By 2030, 1 in 5 US residents will be over the age 65 and 70% of people who are 65 or older will require long-term care. This is something that is only growing.

• 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.

• Multiple Revenue Streams – you’ll start with non-medical care and will have the option to add on medical care that is more complex and will require certified nurses. Some franchisees have even added care for children as a revenue stream.

• Option for Semi-Absentee – as long as you have enough liquidity, Homewatchers has a path for the semi-absentee owner who will hire a FT manager to help run the business from day 1.

• History & Support – Founded in 1980 they have a long established history of running this business and in 2017 was acquired by Authority Brands so now you’ll benefit from the systems/referrals of other franchises.

Episode #55: How to Buy A Franchise That ACTUALLY Makes Money

One of the scariest parts about buying a franchise is knowing whether or not it will actually make money.

In this video, I dive deep into how you can vet a franchise to know exactly whether or not that franchise has the potential to make money or has a history of struggling franchisees.

This is a must-watch if you’re looking at buying a franchise.

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