Franchise Indx

Mighty Dog Roofing: The new roofing brand growing +6,500% Mighty Dog Roofing has quickly established itself as a powerhouse in the roofing industry. Specializing in residential and commercial roofing services, this franchise offers everything from roof repairs and replacements to gutter and siding installations. It's also a company that uses advanced technology to maximise efficiency, reduce risks and improve profitability. For example, they've been introducing drones for roofing inspections instead of manual labor. Here's what we like and what to watch out for: ? Solid revenue potential The top 10% performing franchises see average revenues of up to $3.4 million annually, with gross profit margins reaching over 50%. That's very impressive for franchisees who have been in business for barely more than a year. ? Diverse (and stable) revenue streams With offerings beyond roofing, such as gutter and siding services, franchisees can tap into diverse revenue streams. ?? High(er) Royalty Fees At 8.5% the royalty fee is above competitors (5-6%), which can impact profitability. ?? Operating Profit On average franchises reach an 11% operating profit, as per the FDD. Now, while this may be in line with the industry, there's another roofing brand offering about 25% in comparison: Best Choice Roofing.

From flood to fortune: how the dry cleaning turned restoration leader All Dry Services went from nothing to 110 franchises in (just) 3 years. That's the fastest-growing brand on our platform: +11,000%. Yes, that's 1 to 110 franchises in just 3 years. What do they do? All Dry Services offer disaster restoration services: think water damage, mold remediation, and fire restoration. Here's what we like and what to watch out for: ? It's a low cost franchise Essentially, all you need is a van and some equipment. This explains the low initial investment of $88,000 - 275,000, especially comparatively to the restoration industry as a whole. ? Revenue is funded by insurance (and not customers' pockets) Many of the company's services are covered by insurance: the vast majority of customers aren't paying out of pocket. This makes it easier to convert customers and adds to revenue stability. ? It (may be) highly profitable The numbers speak for themselves. The (single) corporate outlet of All Dry Services reported a staggering 32% profit margin on over $4 million in revenue. This suggests that franchisees who effectively manage their operations and costs can expect similar success. ?? Profit disclosures are imperfect Indeed, they're based on one company-owned outlet operating since 2014. We can't assume that franchisees can expect the same profit levels. Indeed, while the company outlet makes $2.3M in revenue, the average franchise makes $300K instead... Of course, you can argue that franchisees aren't yet mature (most of them have been in business for barely a year) and revenue will take some time to ramp up. Time will tell.

$159,900 ?? That's the highest initial franchise fee you would ever have to spend as a franchisee. Who's behind it? Sharkey's Cuts For Kids, a children hair salon. Surprising isn't it? In comparison, the median franchise fee is $40,000. What's the catch? Franchise fees aren't always comparable. Whilst most franchisors include services like advisory (site selection, marketing) and training and support, Sharkey's Cuts For Kids also includes equipment like chairs, desks, fixtures and more. The same goes for other education franchises (Kiddie Academy, The Goddard School). So whenever you compare franchises, make sure to go a step deeper and really understand what you're paying for. A good starting point would be to look at the initial investment and not just the franchise fee. We're analysed 2,000+ leading franchise brands US, here is the distribution of franchise fees: #Franchising #Entrepreneurship #FranchiseFees

29% of all franchises in the US are food & beverage brands ?? So why do most people (only) think McDonald's, Burger King and the likes when they hear the term franchise? Mostly because these are consumer brands. Looking at the number of locations (and not just brands), the analysis is even more conclusive: only 25% of franchise outlets are Food & Beverage ?? So what are the other industries? We've run the analysis on the top 2,000 franchise brands in the US. The top 3 industries represented are: ? Food & Beverage 25% ? Business Services 17% ? Home Services 14% Curious to know what other great franchise brands are there? Explore the best franchises to into in 2024 on Franchise Payback. And not just restaurant franchises ?? https://lnkd.in/eJuf3ubj #Franchise #BusinessInsights #Entrepreneurship #InvestmentOpportunities #Franchising

Despite from a strong pandemic correction, fitness studio franchises together grew +25% in 3 years ??♂? From HIIT bootcamp, yoga, pilates, kickboxing to dance classes, there are a plethora of new gym formats available to franchisees. While some brands skyrocketed (Hotworx added 253 locations), other brands continued to see some contraction (Fit Body Boot Camp -25). Here are a few stats: ? 5,269 total number of units in the US ? 1,056 total number of *new* locations added in the US ? +25.1% increase in total units (vs. 2 years ago) ? 79% of franchise brands grew over the period ?? Several factors contributed to this growth: ? More people are prioritizing their health and fitness, driving demand for structured programs. ? Franchises offering unique and specialized workouts, such as HIIT, dance-based fitness, and infrared sauna workouts, attract a broad audience. ? Supportive community atmospheres lead to higher retention rates and organic growth through word-of-mouth referrals. ? Incorporating technology, such as virtual training sessions and advanced workout equipment, enhances the appeal of fitness franchises. Interested to learn more? Later this week we're diving into profit metrics to see whether and how profitable these brands really are ?? https://lnkd.in/e6ycegQu

???? Are you a healthcare professional and you're considering to launch your own business? Why not chiropractics? Within the broader healthcare sector, the chiropractic industry is offering promising opportunities for entrepreneurs. ?? The chiropractic franchise sector has experienced significant growth, driven by increasing demand for holistic health services. The US chiropractic market represented $13.1 billion in 2022 and is projected to reach $18.4 billion by 2030, growing at +4.48% per year. Looking closer, several franchises have expanded (very) rapidly over the past few years: ? The Joint Chiropractic: 838 locations (vs. 579 2 years ago..!) ? 100% Chiropractic: 94 locations (vs. 44) ? NuSpine Chiropractic: 26 locations (vs. 2) ?? Why consider a chiropractic franchise? Increasing awareness of non-invasive and holistic health treatments is driving more consumers to seek chiropractic care. Chiropractors (already) treat approximately 35 million patients each year in the U.S. ?? Is this a good business? Most of chiropractic franchises offer high ROI when looking at profits over the initial investment needed to start. With an average profit margin (EBITDA) of 18.0%, not surprising indeed. Here’s a closer look at some average key statistics: ? Initial Investment: $115,000 - $492,000 ? Yearly Revenue: $561,000 ? Operating profit margin: 18.0%

? Have you every thought starting a waste management franchise? ?? Speaking about another (less obvious) high-growth franchise industry, waste management franchises expanded by a whopping +58% over the past 3 years Indeed, many states and local municipalities are moving away from managing waste services directly and are instead outsourcing these services to private companies to reduce costs and improve efficiency. This shift has been a significant driver of growth for franchise companies in the waste management sector. ? From dumpster rental, eco-friendly waste disposal to pet waste removal services, there's a plethora of services to offer. Among the fastest-growing franchises are: ? Crushr: 84 locations in 2024 (+190% vs. 2 years ago) ? Smash my Trash: 549 locations (+124%) ? Doorstep Details: 38 locations (+330%) ? The Junkluggers: 39 locations (+45%) ? College Hunks: 188 locations (+44%) ?? What about profits? Are waste management franchises really profitable? But first, how much do they really cost? On average, you would have to spend $218,000 to start a waste management franchise. It gets more interesting when we look at profits: the average franchise makes $441,000 in yearly revenue, and reach 25% operating profit margin... Not bad for an (unsexy) business isn't it? ?? ??

With 23% of the US population expected to be over 65 years old by 2054, it's no surprise that the home senior care sector has seen significant growth recently ?? ?? As always, with some winners and losers. Certain franchises expanded especially aggressively over the past 3 years. SYNERGY, Assisting Hands, Seniors Helping Seniors, HomeWell and Nurse Next Door each grew by more than 15% ?? What about profits? ?? Here are some quick stats about the home care industry: ??Average Investment: $92,000 - $181,000 ??Average Yearly Revenue: $916,000 ??Average Gross Margin: 46.1% Even though disclosure is limited, it's safe to assume they're profitable. Indeed, all the variable personnel (e.g. nurses), by far the largest expense of these businesses, is already baked into Gross Profit. And with a 46% Gross Margin, that leaves plenty of room for net profit. What do you think? Is this (really) a profitable business? ?? https://lnkd.in/est54AWr

Which industry you might have never heard of just grew sevenfold in just 3 years? Medical Spas ???? ?? Yes, you heard us right ... +600% ?? From anti-aging, IV therapy, laser to regenerative cell therapy, Medical Spa franchises are booming. Why? A combination of high secular tailwinds (IV therapy alone is expected to grow at +8% CAGR over the next 10 years in the US) and strong liquidity (e.g. private equity). The best example? QC Kinetix. The franchise leads the pack with 169 locations in 2024. Since it started franchising in 2022, QC Kinetix has granted over 150 franchises in just 3 years...! What about profits? Are these brands profitable investments for franchisees and investors? Although it's probably too soon to opine (most franchises don't have more than 1 or 2 years of historical), all signs suggest they are. The average Med Spa earns $406,000 in yearly revenue and reaches operating profit margins of about 26% (even 32% for CHILLRx Cryotherapy) ...! Are these sustainable? Time will tell ?? ??

Pets Franchises: Highly Popular (and Profitable) ?? From pet training,?grooming to?daycare, it's no surprise that the?pets franchises are some of the most popular brands?among franchisees and?investors nowadays. Indeed, most brands show?+25% growth?in terms of scale (e.g. locations) over the past 2/3 years. Why is that? Apart the obvious high-growth market (US pet industry is expected to grow at an?impressive +5% CAGR over 2024-29) it's also (so far) a very profitable business: many have (operating) profit margins over 15-20%. Here are?a few examples: ?? Woof Gang Bakery & Grooming ? Woof Gang Bakery & Grooming added 58 locations over the past 3 years alone. It is a rapidly expanding franchise in the pet grooming industry, and there's a good reason for that. At?$179,000?-?$419,000 initial investment yet a?$740,000 average revenue and ~15% profit margin, it's a very profitable brand. ? ? Total locations:?197?in 2023 (+58 in 3?years) ? Average revenue:?$740,000?(vs. $516,000 for pets franchises)? ? Initial investment:?$179,000?-?$419,000 ? Operating profit:?14.5% ?? Dogtopia Dogtopia is a dog daycare and boarding franchise offering a safe and interactive environment for dogs to socialize, exercise, and receive care. It's no surprise like most daycare & grooming pet franchises,?it also has high profit margins. ? ? Total locations:?205?in 2023?(vs. 143?2?years ago) ? Average revenue:?$916,000?(vs. $516,000 vs. pets franchises) ? Initial investment:?$608,000?-?$1,269,000 ? Operating profit:?19.0% ?? Dog Training Elite Undeniably the leading dog training franchise in the US today, Dog Training Elite has grown from 50 locations to 278 in just 2 years... Again here, no surprises: the initial investment is (only)?$159,000?-?$186,000 yet?profit margins reach 19.2% on average. ? ? Total franchises:?278?in 2022?(vs. 50 in 2020) ? Average revenue:?$475,000?(vs. $516,000?for pets franchises) ? Initial investment:?$159,000?-?$186,000 ? Operating profit:?19.2%