🍟 2/23/2023 – Fresh Beverages for Fresh Profits
FRANCHISES OF THE WEEK
1) Sip Fresh
Fast Facts
Background
- Founded in 2017, franchising since 2022
- Based in California; 2+ locations operating
- Fruit juices, smoothies, fruit bowls, teas
Fees + Investment
- Royalty: 6%
- Brand Fund: 2%
- Franchise Fee: $30,000 – $35,000
- Initial Investment: $212,730 – $377,630
Financial Performance
- The below table discloses information on 1 affiliate location
The Wolf’s Take 🍟
Sip Fresh is very new to the franchising, but comes in with impressive numbers via their affiliate location.
They serve specialty drinks that could be fruit juices, smoothies, teas, horchata, and more. The branding is top notch as well, and I’m not gonna lie it had me salivating while I was researching them.
I mean you cant deny folks, I don’t even know what’s in half of these but damn they look good!!
But on a serious note, the model requires a small square footprint and is lighter on labor, which is why you see a healthy potential profit.
Check out Sip Fresh if you’re interested in the food/bev space!
Resources
2) Spray Foam Genie
Fast Facts
Background
- Founded in 2007, franchising since 2022
- Based in Michigan; 1 location open as of 2022
- Spray foam insulation contracting businesses
Fees + Investment
- Royalty: 6%
- Brand Fund: 1%
- Franchise Fee: $62,500
- Initial Investment: $177,500 – $299,200
Financial Performance
- The below table discloses information on 1 affiliate location
The Wolf’s Take 🍟
Spray foam insulation contracting is another classic example of an unsexy business that can pay well.
As I’ve said before, sometimes the ROI of service businesses may appear a bit higher than the real number, as franchises don’t always disclose how many territories the numbers are based on.
In other words, Spray Foam Genie definitely is showing impressive unit economics, but the territory they operate in could require multiple franchise fees.
If you want to compete in the home services world – which is ripe with opportunities – Spray Foam Genie looks like an interesting new franchise to explore.
Resources
FROM THE POD
Dru Carpenito
Dru is a long time franchise industry professional who I’ve enjoyed getting to know in the last year or so. He has a wealth of experience and knowledge in the industry.
This episode is a bit different than others as we kinda just talk shop as it relates to franchising – but I think you’ll enjoy listening as a fly on the wall.
Check out our conversation here!
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