🍟 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 πŸš€

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!

Disclaimer: This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All Content in this email is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the email constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content in this email before making any decisions based on such information or other Content.