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šStart now if you want to change your life in 2025!š
Research now and open in Spring
Tim Michaels
November 17, 2024
One thing that first-time franchise buyers often overlook is the significant amount of time it takes to get a franchise up and running. It typically requires 1-2 months to research and select a brand, followed by an additional 1-3 months to establish an LLC, secure funding, set up bank accounts, hire employees, and complete other essential tasks.
For most individuals, it takes 3-6 months from the initial research stage to fully operationalize a franchise.
Now is the ideal time to initiate your research. Spring is a peak season for many businesses, especially those in the home services sector, making it an opportune time to launch. By starting your research now, you can potentially finalize a brand by New Year's Eve, complete training in January, hire staff by mid-February, and be fully prepared to launch in March.
In todayās email:
Franchise Spotlight: goGLOW
Featured Podcast: Voda Cleaning & Restoration
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FRANCHISE SPOTLIGHT
goGLOW is a rapidly growing skincare + service brand.
Storefront-based Customized Sunless Airbrush Tanning Service utilizing Proprietary Skin Care Products, Tanning Solution, and Equipment to deliver a best in industry customer results
High-ticket, multiple revenue streams and proprietary equipment + products that create raving fans (over 5,000 five-star reviews)
Semi-absentee model
Patented ventilation system ā> customers donāt have to hold their breath the whole time and their feet donāt get super dark
Few employees required: No person required at front desk
Doesnāt need to be located in A-1 real estate ā> by appointment only
Employees base pay is only ~$10-$12/hour, but goes up to $25 - $29/hour after tips, so itās a win-win for owners and employees
Strong financial upside potential: Item 19 shows average gross sales of $713,382 and net of $239,174 (after royalties); 33.5% average net margins
Total Investment: $255k - $485k
Kickstart My Franchise Savings Exclusive: Up to $10k cash back
Timās Take:
At least twice a day I hear a client tell me something along the lines of āI want a business I can run semi-absenteeā. What exactly āsemi-absenteeā means varies person to person, but for most definitions goGLOW fulfills that goal.
The business is relatively easy to run as few employees are needed (you do not need anyone at the front of the house as customers can check themselves in on a touch screen).
Costs are very manageable as 1) studios can be opened in non-prime real estate where rent is cheaper (given that it is by appointment only) and 2) spray-tan applicators are only paid $10-$12/hour (but still can make close to $30 an hour after tips).
They have a cutting-edge, patented ventilation system that provides a more uniform spray tan and differentiates them from competitors.
goGLOW has high-end, chic branding that translates well on Instagram and other social media platforms.
Reach out today to learn more about the opportunity to own your own goGLOW and save up to $10k. If youāre interested, email me at [email protected].
FEATURED PODCAST
This is one of the first podcast episodes I did with franchise industry legend, Dan Claps. Dan is the owner and CEO of Voda Cleaning and Restoration. Back when Dan joined are show in November of last year, Voda had been offering franchises for less than a year, but had already awarded over 30 territories.
Fast forward one year and Voda has awarded over 170 territories across 27 states and has received multiple prestigious industry awards.
Despite their explosive growth, there are still many prime territories still available.
Check out this episode to learn more about Vodaās competitive differentiators!
For further details on goGLOW or Voda Cleaning and Restoration, feel free to reach out to me directly at [email protected].