🍟 5/25/2023 – Two Low Cost Franchises

FRANCHISES OF THE WEEK

1) Fresh Coat Painters

Fast Facts

Background

  • HQ: Cincinnati, OH
  • Founded in 2005, franchising since 2005
  • Home services franchise specializing in professional residential and commercial painting services. 

Franchise Fees

Financial Overview

  • The chart below is based on 63 single-territory owners in 2022

The Wolf’s Take 🍟

A pet peeve of mine is when non-brick & mortar franchises don’t break down territories into single units – but thankfully Fresh Coat did. 

Seeing the average revenue of $527,000 it gives a good baseline for a potential return off of setting up 1 franchise. If you were to scale to multi-territories, you’d pay another franchise fee for each territory, but it still can be a worthwhile investment. 

One question I would ask is what caused the locations to have dipped recently, as they decline from 174 total locations in 2022, to 166 at the beginning of this year.

Resources

2) iMove PT

Fast Facts

Background

  • HQ: Chesterfield, MO
  • Founded in 2020, franchising since 2022
  • iMove PT provides rehabilitation services to improve mobility and reduce pain and allows patients to choose where they want to receive their care.

Franchise Fees

  • Royalty: 9%
  • Brand Fund: 2%
  • Franchise Fee: $30,000

Financial Overview

  • Presented below is the historic 

The Wolf’s Take 🍟

This is a low cost franchise that doesn’t require brick & mortar, and is targeted at helping anyone injured and in need of rehab on a 1 to 1 basis. 

The profitability shown isn’t massive, but it’d be interesting to see if this is something that can scale to a bigger operation, given the low investment needed.

Resources

FROM THE POD

Antonio McBroom – Primo Partners

This was a fun conversation, as Antonio told me all about how he:

  • Went from 1 Ben & Jerry’s location to 14
  • Has become a Starbucks licensee of multiple locations!

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.