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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Table of Contents
✔ 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
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.
Started in 2016
Asking price of $195,000
Last 12 months revenue of $1.1M
Cash flow of $213,000
Assets and team information provided upon request
Curious to learn more about this particular franchise resale, or other resales available in your area?
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.
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Started in 2000 in Michigan and began franchising shortly after
Acquired by Dwyer Group (Neighborly) in June 2015
Corporate Owned Territories: 0
Franchise Units: 329
Franchise Fee: $65,000
Royalty: 7%
National Marketing Fee: 2%
Total Investment Range: $123,000 – $159,600
Term: 10 years
**Numbers according to their FDD released on July 1, 2024.
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.
Below tables taken from the Mr. Handyman 2024 Franchise Disclosure Document – Item 19, page 66.
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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