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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.
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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✔ Low Cost Franchise Shows Average Revenue of $1.4M*
✔ Franchise Resale for less than $200k, with Strong Brand
✔ Why this franchisee is seeing quick success
✔ What It’s Really Like Owning A Franchise
*This is for franchisees open 60+months according to 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 Five Star Painting, a residential and commercial painting franchise that offers both interior and exterior services. Five Star Painting, a Neighborly brand, has been franchising since 2007 and has 230 units throughout the country.
Asking price of $199,900
Reduced significantly since original listing – open to offers
2023 Revenue of $660,000
Opened July 2018
Residential and commercial customers
2 employees
The owner has two other businesses and does not have time to dedicate to the franchise
Curious to learn more about this particular franchise resale, or other resales available in your area?
About a year ago we had a guy come to us who was in software sales, looking at franchises for a while and what just stuck in the process.
He didn’t really know how to find or vet the franchises, was doing research on his own but not really making the progress he wanted.
He had some doubts around not just if he could find the right franchise, but if he could succeed.
He joined our Zero to Profitable Franchise mastermind, and, in less than 90 days, he had become a franchisee.
I just received a text message that less than into a year into his business he had a month doing $150k in sales.
It’s really something for the average person that wants to be an entrepreneur. It is hard to pull off without a system that a franchisor provides.
*To maintain compliance we will not share the exact franchise brand, as we can only share numbers that are in the Financial Disclosure Document’s Item 19.
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Started in 2002 in Baltimore, MD
Began franchising in 2005
A few name changes and acquisitions over the last 20 years
Parent company is SHF Acquisition
Corporate Owned Territories: 5
Franchise Units: 333
Franchise Fee: $55,000
Royalty: 5%
National Marketing Fee: 1-2%
Total Investment Range: $127,800 – $171,800
Term: 10 years
**Numbers according to their FDD released on April 19, 2024.
Senior Helpers provides various non-medical care and personal assistance services, primarily for elderly individuals. These services include care and companionship services, bathing, dressing, grooming, and personal hygiene assistance, light housekeeping, meal planning and preparation, running errands, transportation, medication reminders, Alzheimer’s and dementia care, and caregiver staffing for various facilities.
Below tables taken from the Senior Helpers 2024 Franchise Disclosure Document – Item 19, page 47.
To see if this franchise is available in your territory
OR
Check the availability of ALL franchises in your area
In this episode we break down a couple of really unique franchise opportunities PLUS give you an inside look from a brand new franchisee on what it’s really like owning a franchise.
** All numbers shown in this video are from the FDD provided by the franchisor OR the numbers listed on the resale.
If you’re looking to buy a franchise in 2025, one of these franchise could be a great opportunity for you.
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