🍟 3/9/2023 – Electrician Franchise With 10x Return On Revenue
FRANCHISES OF THE WEEK
1) Mister Sparky
Fast Facts
Background
- Founded in 1996, franchising since 2006
- Based in Columbia, MD; 132 locations open at the start of 2022
- Electricians that provide customers with safe, high-quality electrical services.
Fees + Investment
- Royalty: 6%
- Brand Fund: 3%
- Franchise Fee: $33,000
- Initial Investment: $81,123 – $191,233
Financial Performance
- The below table discloses gross revenue by Territory and by Quartile for the Fiscal year ended December 31, 2021.
The Wolf’s Take 🍟
Well – this business looks pretty legit if I do say so myself. A 10x return on revenue on a per territory basis isn’t something you see very often.
Like many home service businesses you can likely expect quick cash flow and the ability to start up fast.
A key question for me would be: do you need to be a licensed electrician to own the franchise? I’d guess you do not, which means you’d have to hire someone who is skilled and has a license.
The caution there is to understand how difficult it is to attain those skilled professionals (labor challenges are common in the trades), and what you can do to make a job offer very attractive for the best of the best in this field.
Outside of that, this could be a good opportunity for someone looking in the home services space!
Resources
2) Pure Green
Fast Facts
Background
- Founded in 2014, franchising since 2019
- Based in Sunrise, FL; 22 locations open at the start of 2022
- Health and wellness franchise that specializes in offering a variety of organic cold pressed juices, smoothies, acai bowls, and other healthy food options.
Fees + Investment
- Royalty: 6%
- Brand Fund: 2%
- Franchise Fee: $30,000
- Initial Investment: $122,950 – $380,400
Financial Performance
- There were 2 Pure Green Outlets that were open for the full calendar year (1 franchise outlet and 1 corporate-owned outlet) in 2021. The Average Gross Revenues of the two outlets are listed below.
- There were 3 locations that relocated in 2021, and there were 5 locations that opened in 2021.
The Wolf’s Take 🍟
From a customer standpoint, I love the look of this franchise as their menu is incredibly nutritious, and the brand as a whole promotes a healthy lifestyle.
Economically, for fast-casual brands Pure Green is showing a reasonable investment range, and a worthy return on that investment.
The founder, Ross Franklin, has also had success within the fitness/wellness space prior to launching Pure Green, as he felt that dietary improvements impact health far more than any other area.
Overall – if you’re looking to operate a restaurant with a mission, Pure Green could be the one for you!
Resources
FROM THE POD
Cali Coffee – Craig Avera & Rose White
Cali Coffee recently launched franchising and is taking off 🚀
Founded in 2018 by Craig Avera and Rose White, the brand received 300+ applications in one week when they announced franchising last year.
Why? Their locations create insanely loyal customers who *love* the brand.
Check out our conversation here!
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