I help business owners with business planning and can say from experience that your spot on. Unfortunately, people get into franchise businesses without realizing all the expenses, fees, royalties involved. For most I see, the only way to Really make money is to have multiple, if not several locations if possible.
Very informative. I was reading an article that says the coffee shops are on a very high demands and better than the food industry. Also I see the second hand Clothing stores are on the demand. Thank you for your video
Thanks Hassan! I looked at a couple of the second hand clothing franchises, they had fairly inconsistent revenue. I assumed it was attributable to location, you need to be in a very specific demographic to succeed. Not sure of the value of a franchise model in that space either, as the business itself is not overly complex.
I have quite a substantial amount of money coming to me in the next year, and your videos have saved me a lot of headaches. I will NOT be buying into a franchise. You sir are a legend.
Senior care is a disaster right now. Even though the demand is there, there is a massive shortage of available nurses to staff your business with. Until something fundamentally changes in healthcare, forget about it.
@KJ-um1gq Would need to know more about local demographics, competition, demand, investor goals, exit strategy etc. As a general answer it is possible to hit the same revenue with a much lower investment. The "best" franchise choice depends on many factors based on the buyers unique profile. If you need additional data feel free to contact us: franchise.city/our-services Thank you for watching.
I'm going to be very hesitant to get involved with most of these business types. They all involve loads of employees. With the high employee turnover due to poor work ethic and you never know when covid restrictions will force you to shut down. I'm sticking with one employee for a while...me.
A few businesses we covered have no/few employees :-) . Consulting is typically a one-person army, and some of the renovation companies use contractors which is an entirely different dynamic than employees. Thanks for the comment!
Thanks for the question. You can request additional information here: www.franchise.city/FRANCHISE-INQUIRY There are not many states left so please advise which city you are in and we will run an availability check first.
Thanks for watching! In most cases franchise companies prefer to keep their name anonymous in relation to revenues. Qualified inquiries (in this case minimum $250k net worth and ability to operate biz fulltime) can be directed to Franchise City, we'll conduct a check for territory availability and if available send you a complete prospectus. www.franchise.city/franchise-inquiry Please include "renovation franchise" in the form field.
@@jeremifrancisco1 You have to indulge yourself in something called research. Chick-fil-A so called franchise owners don't acquire any equity in their location because they are not owners of their location. They are more like a manager of the location. It cost only $10,000 to apply to be a franchisee, and, the franchisee rents the location from Chick-fil-A. Chick-fil-A approach to franchising allows them to low key discriminate on religious grounds. The founders / owners of Chick-fil-A profess to be devoutly Christian. Franchisee also must be devout Christian.
7-11 Franchise is Listed in Certain Vet Related Sites as a "Vet Friendly" Franchise that offers horrible numbers, based on you guys Research and my personal research by talking to owners...
@@shaik.m.abdullah027 Some REIT's like CUBE (self storage REIT) gave over 40% last year! The challenge is knowing which will rise and which will fall in the future :-)
I have been given a unique opportunity to join possibly a Culver's franchise up north. What is your opinion of being part of a owner operator group and owning 25% of it? I have yet to have the meeting with them so I am still getting more information. I'm not sure if this is going to be a 1099 situation or not or if taxes will be taken out. Are there any particular piece of information I need to ask beforehand? This is all very new to me.
Thanks for the question. Very difficult to make any assessment without more information. You need to understand the locations P&L's, and be aware that partnerships, even with people you know, can be a challenge. I would also want to know why they are selling equity if the location is profitable.
Absolutely. In multiple industries. Most emerging brands use master franchising or area developer models to grow. Feel free to reach out if you want to take a look at what is available. www.franchise.city/our-services
Depends on a number of factors including operator abilities, demographics, market demand etc. If you need help choosing a franchise feel free to give Franchise City brokers a call: www.franchise.city/our-services Thanks for watching
@@abdallahlakkis449 As brokers, our service is free to buyers, the same as working with a real estate agent. Details here: www.franchise.city/our-services
Thank you for watching! The latest lists can be found at the QSR50 www.qsrmagazine.com/reports/2022-qsr-50-industrys-leading-annual-report If you are looking at franchises and need more comprehensive data its always free at Franchise City broker group! www.franchise.city/our-services
Hard to say without knowing more about your background, skills, likes/dislikes and operational preferences, but probably not a franchise due to start up costs. With $20k you could look into some type of online business with lower startup allowing you to retain a decent amount of operating capital to keep you afloat until profitability. Thx for the question.
They usually have other services. Changing oil is something most people can do just by looking into it. Most will probably incorporate AC line and coolant checks and tire changes/rotations if they haven't done it.
If you are a buyer you can get free reports anytime. th-cam.com/video/HDrFegUMSZI/w-d-xo.html Need to know more about which brand, location, buyer budget etc. Thanks for the question.
I owned a bubble tea franchise for five years, finally sold it last July, the only I can say is stay away from any bubble tea franchise!!! If you are really interested in bubble tea business, start your own brand!
Question: do you think all franchises want their customer base to have public access to their strong profits? Its not a good look and can lead to allegations of "gouging". While we keep financials anonymous online, any serious buyer can contact us directly to access all the data (its free BTW). www.franchise.city/our-services Thanks for the comment.
@@FranchiseCityOnline The title of the video is "Most Profitable Franchises for 2022", and you didn't name a single one. But you were sure to criticize media outlets that actually did. Brave! And your response is nonsensical. The data isn't made public, but it's available for free, and you didn't want to actually name a single franchise because... I don't know. I can't even come up with a joke reason.
@@PeterAllen09 Not sure if you are trolling 🙂 You really don't see the difference between a single, prequalified individual who signs an non disclosure agreement being introduced to the financials of a company vs the information being plastered all over the internet? This is a common practice. There are also FTC laws against making earnings claims outside of what is included in the company disclosure which we prefer to distance ourselves from.
@@FranchiseCityOnline I'm in no way "trolling". You made a claim to list the most profitable franchises. You didn't do anything remotely close to that. But you did criticize media outlets that did. Whether or not those lists are accurate, it seems more accurate to say that you are trolling.
@@PeterAllen09 Read some of the other comments. Apparently the entire world is wrong, only you are right. Next, I recommend going to the worlds largest website for selling businesses - BIzBuySell - and seeing how many actual business names are mentioned? Very few, they are mostly anonymous. Like "Pizza restaurant in Upper Manhattan" for reasons that are obvious to most. Be sure to complain to the manager. How dare they claim to be the worlds largest database of businesses for sale AND NOT EVEN INCLUDE THE BUSINESS NAMES? 🙂
To say you don't need experience to open an automotive-related shop is insulting to the industry. You spew this utter nonsense only because you've never lived it yourself. After 45 years in the industry every non-experienced shop owner I've ever seen has failed. And not only failed out of business and lost all their money they invested but also damaged thousands of innocent families lives with substandard work. And1 Bay automotive shops are meant for master mechanics. You're not off a little you're off a mile long. You may have the rebuttal that you've seen success from not experienced people. But not in the state of California where you're extremely held accountable.
@@patricksears163 Chick-fil-A has to hire employees according to employment laws. Therefore, their employees are diverse. The concern is the people who qualify to get a franchise. If you compare Chick-fil-A franchise model to other franchise companies, you will see that their model is not a real franchise. None of their so called franchisees actually own interest in the store. The franchisees run the store in the same manner as a manager would. A manager would be an employee. An employee could exercise any legal rights provided to an employee. Chick-fil-A can easily discriminate in their franchisee selection process based on religious affiliation (non Christian), sexual orientation, ethnicity, etc. Remember, Chick-fil-A is a Christian based company with a history of having a bad look toward gays. And, I would question their commitment to have diverse franchisees.
I learned more in this video than my MBA
I help business owners with business planning and can say from experience that your spot on. Unfortunately, people get into franchise businesses without realizing all the expenses, fees, royalties involved. For most I see, the only way to Really make money is to have multiple, if not several locations if possible.
Fair advice
Same thoughts here
Very informative. I was reading an article that says the coffee shops are on a very high demands and better than the food industry. Also I see the second hand Clothing stores are on the demand. Thank you for your video
Thanks Hassan! I looked at a couple of the second hand clothing franchises, they had fairly inconsistent revenue. I assumed it was attributable to location, you need to be in a very specific demographic to succeed. Not sure of the value of a franchise model in that space either, as the business itself is not overly complex.
This is why I subscribed to this channel
Thanks for watching!
If you have a dream, don't just sit there. Gather courage to believe that you can succeed and leave no stone unturned to make it a reality.”
I have quite a substantial amount of money coming to me in the next year, and your videos have saved me a lot of headaches. I will NOT be buying into a franchise. You sir are a legend.
Thanks for watching! In franchising's defense they aren't all bad 🙂
Senior care is a disaster right now. Even though the demand is there, there is a massive shortage of available nurses to staff your business with. Until something fundamentally changes in healthcare, forget about it.
And the government oversight makes this business not really feel like your own...speaking from experience.
what is the reniovation franchise for 80k that nets 200k a year?
What were the niche automotive business you were talking about?
Could you do an updated version of this video?
If one can meet the net worth requirements, do you think opening a Whataburger franchise is a investment?
@KJ-um1gq Would need to know more about local demographics, competition, demand, investor goals, exit strategy etc. As a general answer it is possible to hit the same revenue with a much lower investment. The "best" franchise choice depends on many factors based on the buyers unique profile. If you need additional data feel free to contact us: franchise.city/our-services Thank you for watching.
80% of the internet is BS. It's all about advertising revenue, not truth.
I love your videos thank you so much for the advise
Thank you for watching!
@@FranchiseCityOnline I’m watching every video you got sir and then going to make a phone call to you
@@ThePrasadFamily Thanks for the support! If/when you need it here is the direct link to our services page: www.franchise.city/our-services
I'm going to be very hesitant to get involved with most of these business types. They all involve loads of employees. With the high employee turnover due to poor work ethic and you never know when covid restrictions will force you to shut down. I'm sticking with one employee for a while...me.
A few businesses we covered have no/few employees :-) . Consulting is typically a one-person army, and some of the renovation companies use contractors which is an entirely different dynamic than employees. Thanks for the comment!
@@FranchiseCityOnline ummm yeah, there is a massive shortage of qualified contractors as well.
What is "massive"? And would you deny it is easier to hire existing contractors and develop long term relationships, vs hiring employees?
Who is the renovation franchise you mention in the video?
Thanks for the question. You can request additional information here: www.franchise.city/FRANCHISE-INQUIRY There are not many states left so please advise which city you are in and we will run an availability check first.
I'm thinking its a hard surface resurfacing franchise, i inquired about it years ago, and now they barely have any territory left.
What was the name of the brand in the home renovation sector? You praised it but it didn’t mention the name
Thanks for watching! In most cases franchise companies prefer to keep their name anonymous in relation to revenues. Qualified inquiries (in this case minimum $250k net worth and ability to operate biz fulltime) can be directed to Franchise City, we'll conduct a check for territory availability and if available send you a complete prospectus. www.franchise.city/franchise-inquiry Please include "renovation franchise" in the form field.
Why is Chick-fil-A considered a franchise? It appears to be a business model to get the best managerial skilled persons that fit their business.
If it’s not a franchise, then, what, really, is it?
@@jeremifrancisco1 You have to indulge yourself in something called research. Chick-fil-A so called franchise owners don't acquire any equity in their location because they are not owners of their location. They are more like a manager of the location. It cost only $10,000 to apply to be a franchisee, and, the franchisee rents the location from Chick-fil-A. Chick-fil-A approach to franchising allows them to low key discriminate on religious grounds. The founders / owners of Chick-fil-A profess to be devoutly Christian. Franchisee also must be devout Christian.
@@gc-l.a.6024you’re so condescending, check out the google scholar
The franchise you mentioned numbers on in home renovation sounds like mine but you did not say the name for 80k?
stumbled upon your channel your content is pure gold. Thanks!!
You look beautiful in pink hair
Thanks
Awesome info! Goals to shoot for!
Thanks Paul!
7-11 Franchise is Listed in Certain Vet Related Sites as a "Vet Friendly" Franchise that offers horrible numbers, based on you guys Research and my personal research by talking to owners...
"Veteran Friendly" is a marketing ploy. We did a video on that topic: th-cam.com/video/crteEW9T6SA/w-d-xo.html
As an introvert I guess I'll stick to purchasing REITs huehue.
You mean "Wintrovert" Got a vid for that here: th-cam.com/video/dsHB2FgKB04/w-d-xo.html and thank you now I have the huehue noise stuck in my head
REIT will gives you only 5-7% yearly. isn’t it.
@@shaik.m.abdullah027 Some REIT's like CUBE (self storage REIT) gave over 40% last year! The challenge is knowing which will rise and which will fall in the future :-)
Can you do a video on plumbing, electrical and hvac franchises?
You can contact us anytime for reviews (and more) in 48 hrs. th-cam.com/video/HDrFegUMSZI/w-d-xo.html
Update?
Happy I found this channel
I have been given a unique opportunity to join possibly a Culver's franchise up north. What is your opinion of being part of a owner operator group and owning 25% of it? I have yet to have the meeting with them so I am still getting more information. I'm not sure if this is going to be a 1099 situation or not or if taxes will be taken out. Are there any particular piece of information I need to ask beforehand? This is all very new to me.
Thanks for the question. Very difficult to make any assessment without more information. You need to understand the locations P&L's, and be aware that partnerships, even with people you know, can be a challenge. I would also want to know why they are selling equity if the location is profitable.
Just recognize what everyone’s expected role and inputs will be. Also, how/when you (anyone) can exit… life trajectories are weird
Robert, any Master Franchising Opportunity in San Diego, CA?
Absolutely. In multiple industries. Most emerging brands use master franchising or area developer models to grow. Feel free to reach out if you want to take a look at what is available. www.franchise.city/our-services
@@FranchiseCityOnline thanks, I’ll send my info there.
What about urgent care franchise?
Depends on a number of factors including operator abilities, demographics, market demand etc. If you need help choosing a franchise feel free to give Franchise City brokers a call: www.franchise.city/our-services Thanks for watching
Would you do a video on iCRYO franchise? its a Cryogenic therapy franchise?
You can get free reviews in 48 hrs, plus a lot more data than a random video :-) th-cam.com/video/HDrFegUMSZI/w-d-xo.html
Awesome content! Thanks a lot
Thanks for watching!
@@FranchiseCityOnline Anyway to schedule a paid consultancy?
@@abdallahlakkis449 As brokers, our service is free to buyers, the same as working with a real estate agent. Details here: www.franchise.city/our-services
does the renovation business have a name?
What a nice video! It is my first time watching your video. Could you pls tell me where I can find the complete table shown in 1:11? Thanks!
Thank you for watching! The latest lists can be found at the QSR50 www.qsrmagazine.com/reports/2022-qsr-50-industrys-leading-annual-report If you are looking at franchises and need more comprehensive data its always free at Franchise City broker group! www.franchise.city/our-services
I have 20k,unemployed
But I am interested to start
Something ,
What is your advice out off
Los Angeles ca
Hard to say without knowing more about your background, skills, likes/dislikes and operational preferences, but probably not a franchise due to start up costs. With $20k you could look into some type of online business with lower startup allowing you to retain a decent amount of operating capital to keep you afloat until profitability. Thx for the question.
Oil change franchise will suffer as internal combustion engines go away.
Not happening anytime soon
They usually have other services. Changing oil is something most people can do just by looking into it.
Most will probably incorporate AC line and coolant checks and tire changes/rotations if they haven't done it.
Can you do a video on el pollo loco?
Get quick reviews (and more) th-cam.com/video/HDrFegUMSZI/w-d-xo.html Thanks for watching!
can you break down bubbles tea franchise?
If you are a buyer you can get free reports anytime. th-cam.com/video/HDrFegUMSZI/w-d-xo.html Need to know more about which brand, location, buyer budget etc. Thanks for the question.
I owned a bubble tea franchise for five years, finally sold it last July, the only I can say is stay away from any bubble tea franchise!!! If you are really interested in bubble tea business, start your own brand!
You didn't name a single franchise. Anyone can come with a list of industries. This was useless.
Question: do you think all franchises want their customer base to have public access to their strong profits? Its not a good look and can lead to allegations of "gouging". While we keep financials anonymous online, any serious buyer can contact us directly to access all the data (its free BTW). www.franchise.city/our-services Thanks for the comment.
@@FranchiseCityOnline The title of the video is "Most Profitable Franchises for 2022", and you didn't name a single one. But you were sure to criticize media outlets that actually did. Brave!
And your response is nonsensical. The data isn't made public, but it's available for free, and you didn't want to actually name a single franchise because... I don't know. I can't even come up with a joke reason.
@@PeterAllen09 Not sure if you are trolling 🙂 You really don't see the difference between a single, prequalified individual who signs an non disclosure agreement being introduced to the financials of a company vs the information being plastered all over the internet? This is a common practice. There are also FTC laws against making earnings claims outside of what is included in the company disclosure which we prefer to distance ourselves from.
@@FranchiseCityOnline I'm in no way "trolling". You made a claim to list the most profitable franchises. You didn't do anything remotely close to that. But you did criticize media outlets that did. Whether or not those lists are accurate, it seems more accurate to say that you are trolling.
@@PeterAllen09 Read some of the other comments. Apparently the entire world is wrong, only you are right. Next, I recommend going to the worlds largest website for selling businesses - BIzBuySell - and seeing how many actual business names are mentioned? Very few, they are mostly anonymous. Like "Pizza restaurant in Upper Manhattan" for reasons that are obvious to most. Be sure to complain to the manager. How dare they claim to be the worlds largest database of businesses for sale AND NOT EVEN INCLUDE THE BUSINESS NAMES? 🙂
To say you don't need experience to open an automotive-related shop is insulting to the industry. You spew this utter nonsense only because you've never lived it yourself. After 45 years in the industry every non-experienced shop owner I've ever seen has failed. And not only failed out of business and lost all their money they invested but also damaged thousands of innocent families lives with substandard work. And1 Bay automotive shops are meant for master mechanics. You're not off a little you're off a mile long. You may have the rebuttal that you've seen success from not experienced people. But not in the state of California where you're extremely held accountable.
Hopefully they offer financing
Yes, financing is available often through third parties. Few franchises provide their own in-house financing. Thx for watching.
@@FranchiseCityOnline Wow, thanks for applying so fast. I'm watching one of your recent videos about financing. Will call you guys soon about it.
Don’t do oil changes. Electric is coming.
online its mostly fraud
What franchise is the 100k investment for the automotive option?
Thanks for the question. You can learn more including territory availability by contacting Franchise City brokers: www.franchise.city/our-services
Thanks! Interested to learn more about Senior care franchises... Have experience...
Feel free to contact us: www.franchise.city/our-services
Same thing with rugged phones - lists are b*lls*it
I think the problem is across the board as general media, not industry pros, generally get top Google ranking. Thanks for the comment.
Franchises aren't "sexy" anymore.
You didn't see 4:48?
@@FranchiseCityOnline 😂
Missed some names there in the list. Hmmm fishy
First one to connect
First one to comment
Chick-fil-A franchise model may be a very slick way to discriminate, especially based on religion.
Yeah, because whenever I go to a Chick-fil-A, all I ever see are straight, white people behind the counter.
@@patricksears163 Chick-fil-A has to hire employees according to employment laws. Therefore, their employees are diverse. The concern is the people who qualify to get a franchise. If you compare Chick-fil-A franchise model to other franchise companies, you will see that their model is not a real franchise. None of their so called franchisees actually own interest in the store. The franchisees run the store in the same manner as a manager would. A manager would be an employee. An employee could exercise any legal rights provided to an employee. Chick-fil-A can easily discriminate in their franchisee selection process based on religious affiliation (non Christian), sexual orientation, ethnicity, etc. Remember, Chick-fil-A is a Christian based company with a history of having a bad look toward gays. And, I would question their commitment to have diverse franchisees.