🍟 1/19/2023 – Home Services Franchise Legend Launches A New Brand
FRANCHISES OF THE WEEK
1) Wallaby Windows
Fast Facts
Background
- Founded in 2022, franchising since October 2022
- Based in Florida; 1 location open at the start of 2022
- A window and door replacement franchise
Fees + Investment
- Royalty: 5%
- Brand Fund: 1%
- Franchise Fee: $49,500
- Initial Investment: $136,293 – $205,570
Financial Performance
- The below table discloses information of the one company owned Wallaby Windows business
The Wolf’s Take 🍟
This is a very new franchise that only announced their expansion plans a few months ago. The 1 company owned location shows an impressive ROI relative to the investment.
The big story here however is that it’s founder and CEO is Scott Marr. This is Scott’s 3rd franchise he’s founded, with his most recent one being Koala Insulation, a home-services brand that he grew from 0 to 350+ territories, with equally impressive unit economics at scale.
Scott chose an insulation business because he noticed there wasn’t much competition from franchise brands in that subsector. When I had him on the Franchise Empires podcast to chat, he let all the listeners know that he’d be announcing a sister brand soon that was in subsector with plenty of white space.
Low and behold, Wallaby Windows focuses on door and window replacements for homeowners, which does indeed seem to be lacking a national franchise.
Again, the numbers for Wallaby’s 1 company location show great unit economics, but I’m betting on Scott Marr more than anything in helping franchisees succeed.
Resources
2) Hello Garage
Fast Facts
Background
- Founded in 2019, franchising since 2020
- Based in Nebraska; 101 locations open at the start of 2022
- A garage renovation franchise
Fees + Investment
- Royalty: 6%
- Brand Fund: 2%
- Franchise Fee: $49,500
- Initial Investment: $128,278 – $153,298
Financial Performance
- The below table displays the historical performance of 2 company owned Hello Garage outlets – both are multi-territory outlets
The Wolf’s Take 🍟
Hello Garage EXPLODED from 2021 – 2022. They went from 15 franchises open at the start of 2021, to 92 franchises open at the start of 2022.
The numbers displayed above from the corporate locations are impressive, but understanding how the new existing franchisees are doing would be the biggest question when considering a Hello Garage investment.
Overall though, the corporate territories do show the cash flow potential of this business when you operate multiple territories with this brand.
Resources
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