🍟 12/21/2023 – Staffing Franchise Doing $4.2M in Revenue
FRANCHISES OF THE WEEK
1) Granite Garage Floors
Fast Facts
Background
- HQ: Alpharetta, GA
- Founded in 2011, franchising since 2013
- Granite Garage Floors is a business that specializes in garage repair and remodeling.
Location Trends
Franchise Fees
- Royalty: 6.5%
- Brand Fund: 2%
- Franchise Fee: $60,000
Financial Overview
- The below table discloses information on 14 Granite Garage Floors franchised businesses that were open and operating from January 1, 2022 through December 31, 2022
The Wolf’s Take 🍟
Granite Garage Floors franchisees had an annual revenue of ~$960k.
That level of revenue demonstrates a stable and established customer base, indicating a reliable demand for their services. Additionally, the garage repair industry tends to be recession-resistant, as homeowners prioritize essential maintenance and repairs even during economic downturns.
I’d also bet that at that level of revenue, zees are taking substantial market share. With effective marketing strategies, there is potential for further growth.
If you’re interested in the home-services sector, here is yet another option.
Resources
2) AtWork
Fast Facts
Background
- HQ: Knoxville, TN
- Founded in 1986, franchising since 1992
- AtWork is a staffing business that provides temporary clerical, administrative, and light industrial personnel services
Location Trends
Franchise Fees
- Royalty: 7% – 9%
- Brand Fund: 1%
- Franchise Fee: $40,000
Financial Overview
- The below table discloses information on 65 franchised offices operated during the entire 2022 calendar year
The Wolf’s Take 🍟
AtWork is a staffing business generating $4.2 million in annual revenue in the human resources sector.
Franchisees are likely performing b2b sales in convincing businesses to use their staffing services.
As impressive as $4.2m in revenue looks, I’d still take that revenue number with a grain of salt, as I’d imagine it’s low margin net cash going to the franchisee. Regardless, given the investment level and the lack of a need for brick & mortar, I’d imagine whoever owns the business is earning a substantial return on their investment.
Resources
FROM THE POD
2023 Year In Review
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.