🍟 11/30/2023 – General Contracting Franchise With ~10x Revenue
FRANCHISES OF THE WEEK
1) Transblue
Fast Facts
Background
- HQ: Monroe, WA
- Founded in 2004, franchising since 2018
- Transblue is a construction and landscaping company that specializes in services like deck construction, patio installation, and landscaping design
Location Trends
Franchise Fees
- Royalty: 7%
- Brand Fund: 1%
- Franchise Fee: $49,500
Financial Overview
- The below table discloses information on Transblue franchisees that have been in operation as a franchisee for more than one day and made any gross sales at any point during the 12 month period ending on December 31, 2021.
The Wolf’s Take 🍟
Transblue is a newer franchise that operates in a sector of home services that requires a bit more of a sophisticated operator: general contracting.
Owners should absolutely be the operators in a concept like this, as they need to manage outdoor construction, do remodeling, oversee ongoing maintenance for residential, commercial, and residential clients, and more.
As the revenue data shows, it can yield a high dollar return assuming moderate margins.
With the economy a bit shaky, this business may have more recession resistance than other industries!
Resources
2) Relax The Back
Fast Facts
Background
- HQ: Long Beach, CA
- Founded in 1984, franchising since 1989
- Relax The Back is a retail store featuring wellness and back-related equipment, furniture, and products.
Location Trends
Franchise Fees
- Royalty: 5%
- Brand Fund: 2%
- Franchise Fee: $5,000 – $29,500
Financial Overview
- The below table discloses information for the 77 franchised Traditional Relax The Back Stores that were open for the entire fiscal year ended December 31, 2022.
The Wolf’s Take 🍟
This brand has had some closures in recent years, so that is a yellow flag – but as a concept it’s certainly on trend with the rise of remote work (we all need good office chairs!).
Back problems aren’t going away, so if you can dial in marketing and provide the right products, perhaps this franchise can be a good fit in your market.
Keep in mind this is a retail concept that requires store inventory, which may require higher levels of working capital than the investment than an FDD would indicate.
As always, if this concept interests you….get in touch with their franchisees for the real scoop!
Resources
FROM THE POD
Magen Bynum – Magnolia Soap and Bath
This was a fun conversation with an inspiring entrepreneur who is building a unique concept in franchising.
Check out our conversation here!
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