An hour ago I was looking for funny videos while I shaved. 35 minutes later after stumbling upon three of your videos I'm wanting to start my own business hahaha. 👌 you're good man crazy good info.
I owned a jani- king.franchise in the 90's. They supply cleaning contracts for you and set you up with a wholesale distributor of cleaning supplies. What I painfully discovered was: 1. Unmonitored minimum wage employees couldn't be trusted to do job right. Business could not be scaled. 2. Master franchisor kept 20% of contract fee, so after paying for supplies and labor there was very little $ left. 3. Master franchisor was skimming off the best contracts for his own separate cleaning company. Result: a fundamentally, fatally flawed business model.
So start your own janitor service. I had one I started from nothing. It is still hard work and very competitive but the profit margins are pretty good. The hardest part was getting good reliable employees and that was due to the low pay no benefits. Also if I had it to do again I would develope a crew of 3-4 to do all the different accounts together that way no one is working unsupervised.
Why don't franchises "do their homework" when choosing a location? Down this particular very busy street in a suburb of Little Rock, tens of thousands of cars pass a day, we will (every year or so) see some kind of a franchise opening on the *left-hand side* of the road. That's great if they are a breakfast burrito franchise, and they can get people going *to* work in the morning, but these are dinner-type food establishments. No one's going to pull into the left-hand side of the road and then try to make that left *against* traffic. Anyone who lives here would know that. These places always close within 1 to 3 months.
Robert, you mention in another video that you and most at your organization own them yourselves. Would love to hear which ones are owned and the logic behind it. Would not need to identify who owns which, of course. Thanks for considering. Keep the videos coming!
Hey Clinton - thanks for the comment. That is correct - a prerequisite for being part of the team here is you must have prior or current business ownership experience. You can actually see our Bio's on our "about us" page at franchise city. We range from a 15 unit owner of a housewares franchise, to (ex) Multi Unit Subway owners, Educational Franchises, Dance Studios, Furniture refinishing, flooring,, media marketing, property development, consulting etc. Keep in mind however that a business that one of my partners owns may not be a good business for me, or my location. And vice-versa. Picking the right franchise is a very individual thing based on a many, many factors. Most recently my associate and I invested in a fundraising franchise business, which I am pretty excited about.
My business has improved year after year and the reason why is. I Sit There Everyday your business will succeed!!! Be a part of your business and throw the clock out the window
I currently work at a cha and the operator of the store receives 30% of the yearly profits from the store, this may not sounds good but he didn't pay for the store or any of the equipment and it typically makes over $1,000,000 every year, earning him a nice hefty 6 figure salary.
I've been fascinated with brewing beers for quite some time. However, I havent had much luck finding out whether breweries are good businesses. What do you think?
Good question. I have only a rudimentary understanding of the business. The concern as I understand from an overall perspective is that due to market saturation growth has slowed. Its a super trendy biz with relatively low start up so lots of people hopped on board. That created a bit of a glut. Mind you, with the right branding, marketing and quality niche product (same as any business) I expect one could still gain reasonable marketshare. I wouldn't necessarily do it just for money - I think businesses like that you really need a passion for the craft. (pun intended) Thanks for visiting!
What does he consider little revenue? Because if you put 350k into something and you make 50-100k in profits into your pocket a year and you don't have to actively run it. I'd say that's pretty good plus a salary from a day job
How do feel about cannabis, sonic, McDonald's, Dunkin Donuts, wendys and wing stop franchises? Which one do you feel would be the best, safest, and most profitable for remote business?
Thanks for the question. Would need to know more about your goals, local market and demographics, your operational preferences etc. before making a determination. Feel free to contact us to help you research your options: www.franchise.city/our-services
If you're not clearing 2k/week minimum, it's not worth it. There are way to many risks and problems that you have to deal with on a daily basis. Also, if the overhead is high, you can go down the tubes quickly when things are slow. Combine that with personal bills then things get really ruff. The best way to start is by spending at least 1 year working for someone in a similar business who is willing to show you the ins and outs of the business you're interested in. Buying something you have no clue about is probably going to lead to disappointment because you'll be money motivated and this could cause potential customers to avoid doing business with you. If your not close to your mentor, don't tell them you're thinking about starting your own business. Most don't want to train future competition.
Thanks again for the entertaining and informative video. One thing that bothers me is you frequently refer to gross sales as earning. Such as an average Subway earns $454000 per year. I am sure you mean they gross $454,000 per year. Big difference. If you do not run your business right you can get into a situation where the more you sell the more you lose, if you get my drift.
You mentioned a franchise you work with that has reported 650k+ profit on a 50k investment??? That’s quite a feat. Do you have a link to that information or further to read on that?
Thanks for the question. Not profit, gross revenue, however these are home based so operational costs are low. There are a few low cost sales based franchises that reach $500K+ in the top quartile of their franchisees. These are often consulting type businesses.
Here's a suggestion create a water efficient washer for shopping carts no 1 has that. The shopping carts never gets properly washed by rain? Food for thaught
If you can buy a soda at store A for $1, or store B for $2, but WITH a washed cart, would you be willing to pay the surcharge? I doubt people would. While the carts are dirty, you're not eating your food's packaging.
Seems more simple and less costly to have an employee spend a day cleaning them, rather than shell out the money and space to put a large cart washer in.
But the packaging comes in contact with the cart then your car/truck/van then your nice floor/counter at home week later someone gotten sick (god forbid) then you wonder how?
Huh? Who washes carts? I can't think of any major retailer who'd waste payroll on that. It's easier to not wash them. I worked as a Target manager for years, and never received a complaint about carts being dirty. Just avoid the baby seat area like the plague, because there's been a million filth spewing babies sitting in there. Use the cart proper.
I am running roofing business in india, because it's seasonal so i am free for half of the year , could you suggest me any relative business idea for that..
How about windows and screens? Is there a mosquito problem over there? Swimming pools also need rescreening on a regular basis. Just make sure you do high quality work. Square, level, plum and true. Make sure you work on homes that are properly framed. Badly framed homes will always have window issues.
Every franchise system has low and high performance, investing in the best aligned franchise will positively impact ROI. That said, in terms of maximum revenue the highest we have seen on an investment of $200k or less is 28 million a year.
We work with a couple of festival cart franchises - some made their money back in 1 month! Stay tuned for a review. Here it is ruclips.net/video/Nr_UT2SFJ6M/видео.html
There may be some minor regional exceptions (in over saturated territory for example) but for the most part this information will be applicable for both. Thanks for the question.
Sorry we don't do any immigration type work in Canada - only in the USA with the E-2 and EB-5 investor visa. From my minimal understanding of the program in Canada the required investment is lower in provinces like New Brunswick and higher in provinces like Ontario. The federal program has been discontinued. If you Google the province you are considering and investor visa that should yield some information.
Franchise City What is the minimum amount for E2 visa, which state is much better for start business on E2, and on E2 category can i eligible for green card or citizenship in future.? Please reply
There are no set minimum for the E-2 visa however $100K is what we suggest. This is a federal program so any state is fine, and no, the E-2 does not lead to a green card. The ability to reside in the USA is dependent on the continued success of the business. You can learn more about our program here www.franchise.city/e2-visa/ and the program in general here www.uscis.gov/working-united-states/temporary-workers/e-2-treaty-investors
Thanks for the question. Multi-units can be good revenue generators and additions to your portfolio. The only drawback with multi-units vs single homes is liquidity. A single home if you need to free up cash can be sold relatively quickly. Depending on the market multi's can take a lot longer to sell. Depends on your business goals. Tenants can be a real headache as well - make sure you vet them very well, or hire a prop. mgmt firm.
@@iStudent7 It's legal- if that's what you mean. But the concerns are the same as with any MLM. Here is a link outlining the general negatives www.talentedladiesclub.com/articles/the-10-ugly-truths-mlms-dont-want-you-to-know/ That said - a small percentage of people have become wealthy with MLM - just make sure you are OK with the way they do business. I personally don't like the MLM model but that's my opinion.
Thanks for visiting. Sorry if my point was not clear but there are no "best" franchises that suit every persons individual situation, background, skills, operational model and budget. Without knowing buyer key criteria we can't make a recommendation
B2B need to offer terms. Ask the vendors who Trump BK'd on how that went. If there's an opportunity where I can get enough COD customers to earn a living guaranteed, let me know. I'll be right there.
I'll make you a deal. If you can tell me what the "best" shoe size is, I'll tell you what the best franchise is. No such thing. An investors individual needs are highly specific relating to their market demographic, operation preferences, exit strategy, budget and dozens of other criteria. Thank you for the comment.
@@FranchiseCityOnline but its not hard to give a few examples based on certain scenarios and call it a day. But not even that. Example: -franchises that can run without the owner being required to be active are...xyz. - franchises that require actibe owners but provide the best travk record for ROI are xyz. And it doesnt even have to be many examples, just a few.
That’s actually his point. They’re both vehicles suitable for certain people and unsuitable for others. He’s comparing businesses in the same manner. Analogy is fine.
An hour ago I was looking for funny videos while I shaved. 35 minutes later after stumbling upon three of your videos I'm wanting to start my own business hahaha. 👌 you're
good man crazy good info.
Lol - thanks for the comment and the kind words.
@H H I know right. His info make you feel like your safe when starting a business brother. Lol
Extremely helpful content my friend thank you
Thanks for the comment
Franchise City No problem do you think Junk Removal is still a viable Franchise ?
This guy will start earning decent money from these videos. These are great
Thank you for the comment!
@@FranchiseCityOnline my pleasure.
I definitely want a lambo to take the kids to sports 🙌
as always fantastic video with full of so important infos. thanks
Thanks for the comment!
Door to door selling pet rocks
Bruh
@the exile Bruh...
Rock to rock selling pet doors
Your info. videos are Gold, thanks for posting.
This was an amazing video and I will review provided links before I call. Thank you!
Thanks for the comment!
I owned a jani- king.franchise in the 90's. They supply cleaning contracts for you and set you up with a wholesale distributor of cleaning supplies. What I painfully discovered was:
1. Unmonitored minimum wage employees couldn't be trusted to do job right. Business could not be scaled.
2. Master franchisor kept 20% of contract fee, so after paying for supplies and labor there was very little $ left.
3. Master franchisor was skimming off the best contracts for his own separate cleaning company.
Result: a fundamentally, fatally flawed business model.
So start your own janitor service. I had one I started from nothing. It is still hard work and very competitive but the profit margins are pretty good. The hardest part was getting good reliable employees and that was due to the low pay no benefits. Also if I had it to do again I would develope a crew of 3-4 to do all the different accounts together that way no one is working unsupervised.
Interesting experience to hear about. Thanks for sharing
Why don't franchises "do their homework" when choosing a location? Down this particular very busy street in a suburb of Little Rock, tens of thousands of cars pass a day, we will (every year or so) see some kind of a franchise opening on the *left-hand side* of the road. That's great if they are a breakfast burrito franchise, and they can get people going *to* work in the morning, but these are dinner-type food establishments. No one's going to pull into the left-hand side of the road and then try to make that left *against* traffic. Anyone who lives here would know that. These places always close within 1 to 3 months.
FlatWorldJomhuriRegime88 thats why they fail, they dont collect information
Very informative video. Thank you
Thanks for visiting
Robert, you mention in another video that you and most at your organization own them yourselves. Would love to hear which ones are owned and the logic behind it. Would not need to identify who owns which, of course. Thanks for considering. Keep the videos coming!
Hey Clinton - thanks for the comment. That is correct - a prerequisite for being part of the team here is you must have prior or current business ownership experience. You can actually see our Bio's on our "about us" page at franchise city. We range from a 15 unit owner of a housewares franchise, to (ex) Multi Unit Subway owners, Educational Franchises, Dance Studios, Furniture refinishing, flooring,, media marketing, property development, consulting etc. Keep in mind however that a business that one of my partners owns may not be a good business for me, or my location. And vice-versa. Picking the right franchise is a very individual thing based on a many, many factors. Most recently my associate and I invested in a fundraising franchise business, which I am pretty excited about.
My business has improved year after year and the reason why is. I Sit There Everyday your business will succeed!!! Be a part of your business and throw the clock out the window
I'd love to talk to u I want to start a business just need someone to talk to to help lead me..
The endless hours are why I got addicted to a weekly paycheck even though I did pretty good at my janitor service.
I remember Futurama when that 80s guy ask Dr Fansworth “ what’s your exit plan? This is not an exit plan this is an escape plan!” 😂
lol I read that in his voice 😂😂
I currently work at a cha and the operator of the store receives 30% of the yearly profits from the store, this may not sounds good but he didn't pay for the store or any of the equipment and it typically makes over $1,000,000 every year, earning him a nice hefty 6 figure salary.
What is a cha
What is Cha?
Yeah, what is cha? In Chinese it means tea.
Can you do or link a video series for each one in more detail with examples of those franchise options
yes - we'll be focusing on some of our favorite brands in 2019. Thanks for the request.
I've been fascinated with brewing beers for quite some time. However, I havent had much luck finding out whether breweries are good businesses. What do you think?
Good question. I have only a rudimentary understanding of the business. The concern as I understand from an overall perspective is that due to market saturation growth has slowed. Its a super trendy biz with relatively low start up so lots of people hopped on board. That created a bit of a glut. Mind you, with the right branding, marketing and quality niche product (same as any business) I expect one could still gain reasonable marketshare. I wouldn't necessarily do it just for money - I think businesses like that you really need a passion for the craft. (pun intended) Thanks for visiting!
Thanks for the reply! Will keep that in mind.
I agree. Ciders and sour beers are the most sought out alcoholic beverages by women. I would definitely be open to explore more fruity beers.
Lamborghini made the very rare LM002 which was very Hummer-like. Great for 4-wheelling ;)
Why is there somebody's head in the background. Did they fail?
What does he consider little revenue? Because if you put 350k into something and you make 50-100k in profits into your pocket a year and you don't have to actively run it. I'd say that's pretty good plus a salary from a day job
Any suggestions for medical billing franchises in canada? Which one
How do feel about cannabis, sonic, McDonald's, Dunkin Donuts, wendys and wing stop franchises? Which one do you feel would be the best, safest, and most profitable for remote business?
Thanks for the question. Would need to know more about your goals, local market and demographics, your operational preferences etc. before making a determination. Feel free to contact us to help you research your options: www.franchise.city/our-services
If you're not clearing 2k/week minimum, it's not worth it. There are way to many risks and problems that you have to deal with on a daily basis. Also, if the overhead is high, you can go down the tubes quickly when things are slow. Combine that with personal bills then things get really ruff. The best way to start is by spending at least 1 year working for someone in a similar business who is willing to show you the ins and outs of the business you're interested in. Buying something you have no clue about is probably going to lead to disappointment because you'll be money motivated and this could cause potential customers to avoid doing business with you. If your not close to your mentor, don't tell them you're thinking about starting your own business. Most don't want to train future competition.
Can I franchise a Franchise City?
Technically, no. However it is possible to open an independent office affiliated with Franchise City.
@@FranchiseCityOnline or competing across the street.
@@jldkrank lol
Thanks again for the entertaining and informative video. One thing that bothers me is you frequently refer to gross sales as earning. Such as an average Subway earns $454000 per year. I am sure you mean they gross $454,000 per year. Big difference. If you do not run your business right you can get into a situation where the more you sell the more you lose, if you get my drift.
I agree. When I hear earnings I think gross profit not gross revenues.
You mentioned a franchise you work with that has reported 650k+ profit on a 50k investment??? That’s quite a feat. Do you have a link to that information or further to read on that?
Thanks for the question. Not profit, gross revenue, however these are home based so operational costs are low. There are a few low cost sales based franchises that reach $500K+ in the top quartile of their franchisees. These are often consulting type businesses.
Here's a suggestion create a water efficient washer for shopping carts no 1 has that. The shopping carts never gets properly washed by rain? Food for thaught
If you can buy a soda at store A for $1, or store B for $2, but WITH a washed cart, would you be willing to pay the surcharge? I doubt people would. While the carts are dirty, you're not eating your food's packaging.
Seems more simple and less costly to have an employee spend a day cleaning them, rather than shell out the money and space to put a large cart washer in.
But the packaging comes in contact with the cart then your car/truck/van then your nice floor/counter at home week later someone gotten sick (god forbid) then you wonder how?
Huh? Who washes carts? I can't think of any major retailer who'd waste payroll on that. It's easier to not wash them. I worked as a Target manager for years, and never received a complaint about carts being dirty.
Just avoid the baby seat area like the plague, because there's been a million filth spewing babies sitting in there. Use the cart proper.
Nice information
Thanks for watching!
I am running roofing business in india, because it's seasonal so i am free for half of the year , could you suggest me any relative business idea for that..
Sorry - we don't have experience in the Indian marketplace I would not want to give you bad advice. Thank you for visiting.
Franchise City ok no problem
How about windows and screens? Is there a mosquito problem over there? Swimming pools also need rescreening on a regular basis. Just make sure you do high quality work. Square, level, plum and true. Make sure you work on homes that are properly framed. Badly framed homes will always have window issues.
@@coldtool2850 yes it would work
Best return on investment?
Every franchise system has low and high performance, investing in the best aligned franchise will positively impact ROI. That said, in terms of maximum revenue the highest we have seen on an investment of $200k or less is 28 million a year.
Great video, thank you sir.
Thanks for visiting!
You haven't done a video on Burgerm
What about a lemonade stand? you always see that at festivals, do they actually make money on the big scale?
We work with a couple of festival cart franchises - some made their money back in 1 month! Stay tuned for a review. Here it is ruclips.net/video/Nr_UT2SFJ6M/видео.html
If you want to bust your balls hauling lemonade to some fair, you may need professional help, and not from Franchise City.
I wonder if there is such a thing as a mortgage processing franchise?
Good question - I don't believe so.
I know it was just an example but I’d love to take my kids to sports in a Lamborghini
"Kids?" as in more than one kid? Lamborghini not a good idea :-)
Franchise City kids are just miniature humans
What about those money exchange franchise outlet like, "Cash Now" or "Pay Now"?
Are they any good?
ruclips.net/video/I-rY8yLUyqc/видео.html Here is our take.
@@FranchiseCityOnline What about a laundromat?
This information is for Canada or USA..?
There may be some minor regional exceptions (in over saturated territory for example) but for the most part this information will be applicable for both. Thanks for the question.
Franchise City
Can a Canada visit visa holder change the status in business visa, and how much minimum funds needed for business iin the Canada.?
Sorry we don't do any immigration type work in Canada - only in the USA with the E-2 and EB-5 investor visa. From my minimal understanding of the program in Canada the required investment is lower in provinces like New Brunswick and higher in provinces like Ontario. The federal program has been discontinued. If you Google the province you are considering and investor visa that should yield some information.
Franchise City
What is the minimum amount for E2 visa, which state is much better for start business on E2, and on E2 category can i eligible for green card or citizenship in future.?
Please reply
There are no set minimum for the E-2 visa however $100K is what we suggest. This is a federal program so any state is fine, and no, the E-2 does not lead to a green card. The ability to reside in the USA is dependent on the continued success of the business. You can learn more about our program here www.franchise.city/e2-visa/ and the program in general here www.uscis.gov/working-united-states/temporary-workers/e-2-treaty-investors
I ALWAYS THINKING OF OWNING APPARTMENT, TWO OR THREE FAMILIES UNIT IS IT GOOD BUSINESS? THANKS
Thanks for the question. Multi-units can be good revenue generators and additions to your portfolio. The only drawback with multi-units vs single homes is liquidity. A single home if you need to free up cash can be sold relatively quickly. Depending on the market multi's can take a lot longer to sell. Depends on your business goals. Tenants can be a real headache as well - make sure you vet them very well, or hire a prop. mgmt firm.
What about Whataburger
Added to the list! Thanks for the request.
What about American Communication Network (ACN) are these considered franchises?
No, I believe ACN is multi level marketing
@@FranchiseCityOnline would you consider it a legitimate business?
@@iStudent7 It's legal- if that's what you mean. But the concerns are the same as with any MLM. Here is a link outlining the general negatives www.talentedladiesclub.com/articles/the-10-ugly-truths-mlms-dont-want-you-to-know/ That said - a small percentage of people have become wealthy with MLM - just make sure you are OK with the way they do business. I personally don't like the MLM model but that's my opinion.
Tell us what names to go to?
Thanks for visiting. Sorry if my point was not clear but there are no "best" franchises that suit every persons individual situation, background, skills, operational model and budget. Without knowing buyer key criteria we can't make a recommendation
Please do Franchise review of Postal Annex, the worst franchise on the planet
If you have information on a specific franchise please send to Franchise City on our contact page. Thanks for watching.
Need to invest in vibrainium
B2B need to offer terms. Ask the vendors who Trump BK'd on how that went. If there's an opportunity where I can get enough COD customers to earn a living guaranteed, let me know. I'll be right there.
Roofing business
Hotdog stand/cart
Fishing charters
Auto/boat detailing service
Jesus loves you.
Pool service
Mobile detailing
Food truck
Water sport rental
BMW Z4 is the best car change my mind
Nah dawg yugo is the best car
Much A-Dou About Nothing $$$ .YYZ-Planker -Movi'n" On !
So...he admitted the title was click bait...
No one will click on a vid NOT expecting to hear names of franchises to then look into themselves. Sad.
I'll make you a deal. If you can tell me what the "best" shoe size is, I'll tell you what the best franchise is. No such thing. An investors individual needs are highly specific relating to their market demographic, operation preferences, exit strategy, budget and dozens of other criteria. Thank you for the comment.
@@FranchiseCityOnline but its not hard to give a few examples based on certain scenarios and call it a day. But not even that. Example:
-franchises that can run without the owner being required to be active are...xyz.
- franchises that require actibe owners but provide the best travk record for ROI are xyz.
And it doesnt even have to be many examples, just a few.
@@frenchyalicea649 Didn't he just do that in the video? You dumb bastard.
Lawn Care
Self service carwash
Just sayin bud: a lambo is not a 4-wheeler... A 4-wheeler is not a car... Terrible analogy!
That’s actually his point. They’re both vehicles suitable for certain people and unsuitable for others. He’s comparing businesses in the same manner. Analogy is fine.