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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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✔ $5.6M in sales with HVAC franchise*
✔ Quality Resale in North Carolina with 2023 Revenue of $685k
✔ Couple buys 3 locations of a coffee franchise
✔ This Business does $11 MILLION In Sales…Here’s How
*For Top 10% of owners in 2024 FDD
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. Electric, a Neighborly brand. Established in 1994, and acquired by Neighborly in 2007, Mr. Electric has grown to approximately 190 units throughout the country. Mr. Electric sells, services, repairs, installs and maintains electrical systems, equipment, components and supplies, including upgrades, remodeling and related services for both residential and commercial customers.
Started in 2021
2023 revenue of $685,000
Asking price of $850,000
Vehicles and tools/equipment included in sale
Two territories included
Curious to learn more about this particular franchise resale, or other resales available in your area?
Winnie and Isaac worked in finance and IT. They wanted a franchise that allowed their whole family to be involved and something that they could transition out of their full time jobs and do together. They also wanted something that had the opportunity to scale and do multiple locations. They had a passion for food and beverage concepts. and they loved the menu.
Our team helped them find, vet and buy a coffee franchise in Potomac, MD. They are also in our Franchisee Mastermind to get continued support as they launch their franchises.
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Started in Texas in 1992
Began franchising in 1992
Parent company is Dwyer Franchising/Neighborly
Corporate Owned Territories: 0
Franchise Units: 197
Franchise Fee: $45,000
Royalty: 7-5%, decreases as revenues increase
National Marketing Fee: 2%
Total Investment Range: $107,295 – $253,095
Term: 10 years
**Numbers according to their FDD released on April 1, 2024, amended July 1, 2024.
AireServ franchisees install, maintain and repair residential and commercial heating, ventilating, air conditioning and indoor air quality equipment, perform related services and sell related products. The ideal Aire Serv franchise owner is a high-energy person who loves serving customers and enjoys leading a team. You do not need any HVAC experience to become an Aire Serv franchise owner! You do need to be able to follow and execute a marketing plan, encourage and mentor your employees, and stay involved in your local community.
Below tables taken from the AireServ 2024 Franchise Disclosure Document – Item 19, page 66.
Discounts on Equipment – Aire Serv offers more rebates on equipment than any other Neighborly brand.
Stable Industry – If someone has a problem with their HVAC unit, they likely won’t be trying to DIY and will need to call someone to fix the issue.
Start From Home – This business is mostly run through your technician’s vehicle. You will need an office, but it is not required on day 1.
Neighborly – Get referrals from other Neighborly businesses in your area, have the opportunity to purchase resales or new complementary franchises and have a customer base right away.
Proven Track Record – AireServ has been around for over 30 years. Many people will recognize the brand, and corporate knows how to enter a new market with strategic advertising.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
In today’s episode we’re going to break down…
✅ Service Franchise showing owner doing over $11M in Sales!
✅ Affordable resale with SUPER strong franchise brand
✅ Franchise Buyers acquire resale with STRONG cash flow
✅ How to go from Employee to Entrepreneur Quickly & Safely
No matter where you’re at in the franchise process, this episode has something for you.
So 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