Good morning Wolf Pack,
Today's newsletter covers two emerging franchises, one from the home services space, and one from the pet industry. Let's get right to it 👇
P.S. Check out Krokit's newly updated website that walks through our franchisor software solution! |
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HQ: Waco, TX
- Founded in 1994, franchising since 1994
- Specializing in electrical services for residential and commercial properties
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Royalty: 4% - 7%
- Brand Fund: 2%
- Franchise Fee: $42,500
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The below table discloses information on 180 Mr. Electric businesses that were operational from January 1, 2022 through December 31, 2022
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Mr. Electric is a well established home services company specializing in electrical services. Two data points speak for themselves: the potential return on investment, and the degree of proof of concept this brand has.
With 180 territories operating, this franchise has shown they have a playbook that works.
The biggest question for me would be how difficult is it to find electricians to hire, as if you are not one yourself, you are then entirely reliant on skilled labor that requires certain licenses.
Overall, this is yet another home-services franchise that could be a quality business opportunity for entrepreneurs. |
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HQ: Charlotte, NC
- Founded in 2005, franchising since 2013
- Dog training and behavior modification to help pet owners address their canine companions' behavioral issues
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- Royalty: 8%
- Brand Fund: 2%
- Franchise Fee: $50,000
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- The below table discloses information on 38 outlets that operated for the full calendar year 2022
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At a certain point, the pet industry may certainly become oversaturated.
But from anecdotal feedback I've heard from within the pet industry and from pet owners at large, it doesn't feel like we're there yet. There are still long wait times to get in with vets, dog groomers, dog trainers, etc. in many markets nationwide. The Dog Wizard is another opportunity to get into the pet industry, which has been averaging ~7.5% annual growth since covid hit.
Check out their website below if you're interested in running a dog training business! |
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Todd Bingham - Homefront Brands |
Hit the button below to hear my conversation with the President of a new fencing franchise, Top Rail! |
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THE WOLF OF EVERYTHING ELSE
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- Disney yanks ESPN from Spectrum 📺
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Joe Jonas files for divorce from Sophie Turner 💔
- Steve Harwell, Smash Mouth Founding Singer, Dead at 56 🎤
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Tropical Storm Lee forms, expected to become major hurricane ⛈️
- United delays all flights nationwide following ground stop due to ‘equipment outage’ ✈️
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That’s it for this edition of The Wolf Report. Feel free to reply with any questions or feedback. Thanks and see you next week! — The Wolf |
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