🍟 3/23/2023 – Scooping Poop For Cash
FRANCHISES OF THE WEEK
1) Doody Calls
- Founded in 2000, franchising since 2004
- Based in Maryland; 70 territories as of 2022
- Pet waste management services
Fees + Investment
- Royalty: 7.5%
- Brand Fund: 1.5%
- Franchise Fee: $20,000
- Initial Investment: $73,025 – $91,997
The Wolf’s Take 🍟
You can make money a lot of ways, and scooping up poop is one of them apparently!
We’re looking at an average revenue that was 4x the high end of the initial investment, which is a great sign that franchisees are making a healthy ROI.
The pandemic puppy boom means there’s more dogs than ever in America right now (which means there’s also more dog 💩than ever). I can see this concept working in higher income neighborhoods who have more disposable income, because let’s be honest, who wants to scoop poop?
If you already own a pet franchise this could be an interesting add-on to your portfolio to capitalize on the customers of your daycare, vet clinic, grooming service, etc.
Check them out below!
2) Shack Shine
- Founded in 2013, franchising since 2015
- Based in Vancouver, BC; 66 locations open at the start of 2022
- Window washing, gutter cleaning, power washing, Christmas lights
Fees + Investment
- Royalty: 8%
- Brand Fund: 8%
- Franchise Fee: $20,000 – $40,000
- Initial Investment: $71,700 – $149,900
- The below table discloses information regarding certain historical financial performance for all eighteen franchised businesses in the United States that were open and operating through at least the last 12 months of the year ending December 31, 2021.
The Wolf’s Take 🍟
Just like Doody Calls, Shack Shine is another home services business, but this one revolves around gutter cleaning, window washing, and even Christmas lights during the holiday season.
With a median average revenue that is ~2.7x the high end of the initial investment, this business is another example on a long list of unsexy businesses that can yield a good return on investment.
If you’re interested in launching a home services business, check out Shack Shine below!
FROM THE POD
Andrew Garcia – ServPro & Ellie Mental Health
Andrew Garcia has had quite an entrepreneurial career.
He bought an online business off Flippa, which he then sold and used the proceeds to buy 7 territories of College Hunks Hauling Junk. He’s since sold those territories, and now owns a ServPro territory, and will be building 2 locations of Ellie Mental Health.
Check out our conversation and learn from his experience here!
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