Franchise Maven October 21 Newsletter
Gregory K Mohr
I help ambitious entrepreneurs and investors find a thriving franchise fit or flip their current business into one.
Hello, friends and franchise mavens.?
As always please let me know what you would like to read about in my newsletter!
Top resales this week:
Tree Service
Mt. Pleasant SC $700K, profitable
Auto Service, Nationally recognized brand, priced to sell, needs to move
Dallas, TX, $75K
Short Term Vacation Urban Rentals
Orlando FL Area
Mostly online business, work from home, no employees. Franchisor?prefers you in or near the Orlando area.
Asking:
Little Harbor $1,100,000
Orlando North $919,000
Four Corners $1,686,000
South Orlando-Kissimmee $ 998,000
Davenport $ 1,000,000
Would you like more information???
Resale list:
Real Freedom?
Why Franchises Are Worth Considering and How They Can Be Used To Build Wealth
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Chapter 3:
The Greatest Plan for Building Wealth
Horizontal & Vertical Growth
领英推荐
With both master and area developer franchising, there is horizontal growth. Vertical growth is another thing you can do with both master and developer franchising. What is vertical growth? Let's take home improvement services for instance. You own a home and have a painting franchise and you go into your client’s home and they want you to paint their house. You take a look at the interior or exterior they want painted and you see there's a lot of things that need to be fixed on that house itself.
Now, you?could?just paint over it and leaver all those things still broken. Does that not sound like a nice thing to do? You’re likely right. What you'd probably do is tell the client it would be a good idea to fix some of those things first, before you paint over them. If you only own the painting franchise, then you would send them to someone else to get all the work done before you can paint. If you also own a home improvement or maintenance franchise, and you practice vertical growth, you could actually bring a handyman as well as your painting franchise. In this case, you would say, “Okay, I'm going to send my handyman.”
It goes the other way too. If you're a handyman, you go out there, you start fixing things. But maybe the home you’re working on needs to be repainted, so you say, “Hey, I've got a painting company. After we get done with this why don't we just repaint everything?” While you're there, if they don't have a maid service, you could say, “Hey, why don't I just have my maid service come over for clean up afterwards?”
You're doing marketing and advertising to one person for 2–4 different services that you can provide to that client. Your marketing costs are a lot less because you're working with one client on one home with multiple things that can be done. That is vertical growth—franchises that have multiple different franchises within their group.
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Check out my book on how I have helped people just like you find the right franchise
Virtual Business Summit:
25 free tickets. Use the promo code "Speaker"?Use?either of these?two links to sign up:
Employee Retention Tax Credit
We will take care of your paperwork and have lending facilities in place, if you qualify, to get you YOUR MONEY within a matter of days.
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The HOTTEST brand in home improvement continues to gain national recognition as they grow from Coast to Coast!! Spray-Net’s PATENTED Home Transformation solution is grabbing the attention of the local and national media, impacting communities with a true cost alternative in renovation! Take a look at some of the recent highlights over the past month, it’s easy to see why franchisees and their customers LOVE this brand!
Would you like more information???
Do you have a business that you want to turn into a franchise??
Get started here:
We do that and help you grow the franchise as well.?Ready to sell that franchise system??We do that as well.
Contact me today for more information on anything franchising.
-Greg