Ever considered the pet industry as your next entrepreneurial venture or wondered why the less glamorous world of essential services could be your golden ticket to consistent returns?
Join The Franchise Insiders, on a journey through the exciting opportunities in the franchise market as we explore Fetch Pet Care's investor-friendly model and impressive financials, uncovering the path to financial freedom and asset building. This episode isn't just a highlight reel; we tackle the thorny realities of startup costs and first-year obstacles, ensuring you have a comprehensive understanding of what it takes to thrive in the franchise space.
For those seeking a business that fits their busy lifestyle, we'll also take a closer look at Bumblebee Blinds' semi-absentee ownership model and the impactful corporate support that could lead to strong average gross revenues. Drawing on our two decades of franchise experience, we break down why the 'boring franchises', such as drain cleaning, may be far more resilient and rewarding than trendier options like an avocado toast cafe. Ready to dig deeper and get personalized advice on your franchising journey? Tune in and let's navigate the paradoxes and promises of the franchise world together.
Ever considered the pet industry as your next entrepreneurial venture or wondered why the less glamorous world of essential services could be your golden ticket to consistent returns?
Join The Franchise Insiders, on a journey through the exciting opportunities in the franchise market as we explore Fetch Pet Care's investor-friendly model and impressive financials, uncovering the path to financial freedom and asset building. This episode isn't just a highlight reel; we tackle the thorny realities of startup costs and first-year obstacles, ensuring you have a comprehensive understanding of what it takes to thrive in the franchise space.
For those seeking a business that fits their busy lifestyle, we'll also take a closer look at Bumblebee Blinds' semi-absentee ownership model and the impactful corporate support that could lead to strong average gross revenues. Drawing on our two decades of franchise experience, we break down why the 'boring franchises', such as drain cleaning, may be far more resilient and rewarding than trendier options like an avocado toast cafe. Ready to dig deeper and get personalized advice on your franchising journey? Tune in and let's navigate the paradoxes and promises of the franchise world together.
What is up? Franchise fans? Jack Johnson, here with your franchise market watch. Before we dive into it, let's talk about what this podcast is. This is a podcast that talks about the franchises that people buy each and every week. I am a franchise consultant affiliated with 750 other franchise consultants, so what we do is we collect all the data from each week and tell you about the franchise is that people actually bought through us and every franchise consultant affiliated with us. Now here's the best part is that when you buy a franchise through our company, the franchise insiders, when you contact us at 800-445-6382 or you text us at 305-710050 and begin your franchise search with us, we can save you up to $10,000 on your franchise via cashback rebate and provide you with great guidance on helping you to find the right franchise to invest in. We've got 20 years experience. We work with over 500 franchises and we help people become franchise owners every day. Okay, with that out of the way, let's talk about the franchises people that bought last week.
Speaker 1:
Let's dive right in. First on the list is a franchise called Fetch Pet Care. You may know Fetch Pet Care. You may have heard of it because they're the ones that have the investor model. Fetch has an item 19 and for those of you that don't know what an item 19 is, that's in the FDD franchise disclosure document of every franchise and every franchise that is reputable should have an item 19 which shows you earnings and averages and what the franchises actually make. They'll show you things like average gross revenue, some will show you net, some will even show you a full P&L. So again, the item 19 is really what helps franchise investors to get a sense of how good the franchise investment is. So here's Fetch.
Speaker 1:
Fetch walks dogs, fetch babysits dogs this you know what I love about this business. You could literally open up a Fetch franchise. I'm not even sure you need an office. I don't think you do. What you need is a big team of dog walkers and dog sitters. So Fetch has the investor model where corporate sets up and manages the business for the franchisee. They don't do it for free. They charge you an additional 5% royalty. But for those of you out there that want to diversify with a business and you have a full-time job or maybe you have another business, look, since the beginning of my career in franchising dog franchises, anything dog related has been pretty darn recession resistant.
Speaker 1:
The pet care industry in the US is valued at 90 billion and still growing. 85 million out of 127 million homes in the US own a pet. Fetch is also a low investment franchise. Franchise fee is $6025. That's a little higher. We can save you $10,000 on Fetch. By the way, royalty is 7% plus you'd pay another 5% if you had them run the business for you. But they say total investment for a single unit is about $120,000. So that means after you put down your $62,500,000, you want to have another $60,000 at least available to grow the business.
Speaker 1:
But, folks, I'm here to tell you something about growing a business. Don't be surprised if you have to spend more money, if it takes longer to get profitable. The first year is always the hardest year. That's why most people don't become business owners, because it's not always easy and you need to be prepared for the first year being a little tougher. Now some people shoot right out of the gate. We've got a client down in Louisiana. He built like $200,000 in his first full month. We've had clients do $50,000 on their first day.
Speaker 1:
But more often than not businesses take a little bit more time to get going, and that's okay. Why would you do that? Well, once you get to the other side of it and you're making seven figures and you have an asset that you could sell for seven figures and you control your time. Think about this when you're a business owner and you have built a real semi-absentee business that can run without you. And, by the way, that's how you should think about this. When you're building a business, build the business to run without you. That means, if you want to go, take off to Hawaii for a week, no worries. You want to do that last second, right after Christmas, go ahead. You want to shoot over to Italy right after New Year's, do it. That's the beauty of being a business owner, but you have to pay the price in the beginning. You have to be willing to invest your money and your time into your business. Nothing is guaranteed. And I'm here to tell you one more thing about owning a business. At the end of the day, even with an absentee business, it's you, it's all on you. The franchise owner is the ultimate X factor. So if you're willing to take that leap of faith, a franchise like Fetch is a great opportunity because it's a simple service. You're hiring people to take care of dogs and when they show that they have franchisees doing over a million dollars per year. Why can't you do that? So this is a low-cost, high-demand franchise definitely worth looking at. Text us at 305-710050 if you want more information on Fetch.
Speaker 1:
Also this week, bumblebee Blinds. This is from our friends at Horsepower Brands. Bumblebee features an average gross revenue of a million five per location in their item 19. It's a great semi absentee franchise, but it also can be owner operator. They have an in-house talent acquisition team to help you hire your GM. They will help you to wrap your vehicle and get it on the road. They have excellent advertising support and this is a market.
Speaker 1:
I should probably tell you what Bumblebee does. So basically, bumblebee is providing everything around Windows. Right, they're doing blinds and shutters and treatments, and they are. This is an industry that typically is just a bunch of mom and pops. Yes, there are some national players, but they don't have the brand, the strong brand and all of the different marketing and support that a company like Bumblebee does. So Bumblebee blinds from Horsepower Brands features high customer attention, high scalability, best in class technology. It's one of those franchises where you put your credit card on file. They do the advertising. They help you to find your GM. Boom, do the advertising GM in place, get the truck on the road. You're out there quoting jobs and getting jobs in place for window treatments, window coverings, shutters, and it's a great business. So Bumblebee is one that we've seen sell quite a bit this year. We can save you $10,000 on Bumblebee blinds for a single unit franchise. The franchise fee is $59,500. They want you to have at least $213,000, $214,000 for a total investment. You know again, it's one of those things that with these home services businesses they're very scalable. They can grow very quickly. But don't be surprised if it takes a little bit more time and don't be surprised if it grows really quickly too.
Speaker 1:
Next up on the list is Homewell Care Services. Homewell is a in-home senior care company. There are many, many people out there, age 65 and above, who don't want to age in a memory care or assisted living facility. They want to age at home, and this is where a company like Homewell can really help. So what Homewell does is, when you own a Homewell franchise, you become the CEO of that business, you hire a regional manager to help you run this business, to grow it, to hire what we call caregivers to take care of seniors in their homes, and then you are, of course, advertising to the adult children who are looking for care and companionship for their parents. So what I really like about the home care business is one I mean Homewell. Their franchise fee is $49,500. Homewell also has an option where you can pay just $5,000 down on your franchise fee and then you pay a higher royalty over time once you get to a certain billing level. So for certain people who don't maybe have a lot of funds up front, that's a great option to get into a business.
Speaker 1:
And when you think of Homewell Senior Care, homewell Cares $1.9 million is the average gross revenue per location. So Home Care has always been a great business. They think the total investment to build the business over time is about $200,000. I think that's fair $150,000 to $200,000 on a Senior Care business. It's about as recession-proof as it comes. We've got a client that is up in a small town in the Pacific Northwest, very small town. He started with a different Senior Care brand in 2019. His business does $4 million per year. If you do the math, that's a business that is netting him about $800,000 a year. So Senior Care great business to get into. It's always been a great business ever since I've been in franchising for the past 20 years.
Speaker 1:
Up next, we have Property Management. Property Management is a business where you are managing property. You are managing properties for residential, commercial, short-term rentals associations, where the average owner revenue is about $572,000 per year and it's home-based, recession-resistant and investment is low as $55,000. We can save you $2,000 on Property Management. By the way, on Homewell, we can save you $5,000. So imagine that if you did their 5K deal and then you got 5K back from us, that's a wash. So again, our company is called the Franchise Insiders. That might be one of the biggest shortcuts in the franchise industry. Go pick up your Homewell and call to wash on the franchise fee and go to work and build yourself a $2 million business. That is what is so great about franchising.
Speaker 1:
If you want a franchise consultation from me Jack Johnson, 20-plus-year franchise veteran, someone who owns a franchise, who has built a franchise and sold it to private equity, who routinely coaches people to franchise success I would love to help you do this the right way.
Speaker 1:
I'm going to leave you with one thing for this podcast, and this is something you can take with you. For all of you who are searching for franchises, the number one rule you need to keep in the back of your head when you are selecting a franchise. Boring is better. So if you're looking at an avocado toast retail franchise that you think is going to be the next big thing and your other choices say a drain franchise, a franchise that helps people unclog their drains, I get it. The drain franchise is not sexy, but you know what Good times, bad times the franchise that unclogs your drains is going to be absolutely needed. The avocado toast franchise not so sure about that. So if you want more nuggets like this, please do text me 305-710-0050. Let's help you become an entrepreneur. Let's help you do it the right way. For today, I'm Jack Johnson. Thanks for tuning in for Franchise MarketWatch.