Ever wondered if the sun-kissed glow of a tanning salon could be the golden ticket to your financial freedom? Jack and Jill Johnson, your franchise gurus, are back with another episode of Franchise Market Watch to guide you through the bronzed archways of GoGlo, a sunless tanning venture with a dazzling business model. And there's more: we'll also give you an inside look at Lindora, a burgeoning heavyweight in the healthcare franchise ring that's revolutionizing the fitness and weight loss game.
Strap in for a session where we reveal how GoGlo's standout financials and multi-revenue streams could potentially tan the competition, offering a promising opportunity for aspiring entrepreneurs. We're not stopping there–Lindora, under the formidable umbrella of Xponential Fitness, flexes its muscles with evidence-based weight loss solutions that are making waves in the health industry. Get ready for a full-body workout on how these franchises could be your investment gym, with us, Jack and Jill, as your personal trainers for success in the franchise landscape. No guests, no fluff–just pure, actionable insights into owning a piece of these innovative businesses.
We also discuss Tint World, Blue Kangaroo Packoutz, and Rolling Suds.
Ever wondered if the sun-kissed glow of a tanning salon could be the golden ticket to your financial freedom? Jack and Jill Johnson, your franchise gurus, are back with another episode of Franchise Market Watch to guide you through the bronzed archways of GoGlo, a sunless tanning venture with a dazzling business model. And there's more: we'll also give you an inside look at Lindora, a burgeoning heavyweight in the healthcare franchise ring that's revolutionizing the fitness and weight loss game.
Strap in for a session where we reveal how GoGlo's standout financials and multi-revenue streams could potentially tan the competition, offering a promising opportunity for aspiring entrepreneurs. We're not stopping there–Lindora, under the formidable umbrella of Xponential Fitness, flexes its muscles with evidence-based weight loss solutions that are making waves in the health industry. Get ready for a full-body workout on how these franchises could be your investment gym, with us, Jack and Jill, as your personal trainers for success in the franchise landscape. No guests, no fluff–just pure, actionable insights into owning a piece of these innovative businesses.
We also discuss Tint World, Blue Kangaroo Packoutz, and Rolling Suds.
What is up? Future franchise rock stars. This is Jack Johnson with your Franchise Market Watch. For those of you that are listening for the first time, here's how it works. I'm a franchise consultant. My wife Jill and I own a firm called the Franchise Insiders where every single day, we help people become franchise owners by showing them their best franchise match from over 500 different franchises. We're also current franchise owners, so with our podcast, we're here to show you which franchises people actually buy. We're here to help you look at a franchise the way a seasoned franchise investor would, and we're also here to get you the best deal through our franchise rebate program. That's right. Only the franchise insiders can save you $2,000 to $10,000 on hundreds of different franchises. So let's dive into the franchises people are investing in today.
Speaker 1:
First up on the list, this is a new one. This one is called GoGlo. Goglo is a tanning franchise. They are disrupting the Sunless Tanning category. They have incredible financials. Their item 19 shows average gross sales of $670,000 and an average net of 236,000, which is nearly 40%. I mean that's really high. Generally speaking, what I see with the business is net, net, net. It's closer to 20%. But you know, every franchise is a little different in how they look at numbers, but this is really interesting because it's a skincare plus service brand. They provide custom and natural looking Sunless Tans and generate nearly 30% of their revenue from skincare products. So it's a high ticket, multiple revenue stream, proprietary deal and they have over 5,005 star reviews. Look it up, goglo.
Speaker 1:
So if you were looking to get into the beauty space, this one's pretty low investment. Considering the retail component franchise via 60,000 royalty is 8%. Total investment starts at 232,000. So for those of you that haven't heard my podcast before, what does that mean? Well, it means once you plunk down your 60 grand, you're going to need at least another $170,000 to get your business to a point where it is self sustaining. The nice thing about GoGlo is is it's sort of a transitional deal where they actually can help you to find a more temp spaces. You're building up your retail space as you open. So I really like this one. I think GoGlo is very different. It's low investment for the beauty space and you know, heck, even if maybe you're not netting the 236, maybe that's not your take home, but maybe you're netting 115,000 on a unit and you took three of them, I mean, it's still your business. You still own it, you're still out of corporate America, or maybe you're still in corporate America and you have this as a semi absentee franchise. That's the power of business ownership, folks, and either way we can save you 2K per unit. So contact us today to learn more. The way we do it is we have you text us. We keep it real simple 305-7100-050.
Speaker 1:
Next up on the list, this is another healthcare franchise. It's called Lindora. Lindora. This is really different.
Speaker 1:
Lindora comes from exponential fitness. You may know them as the company that has Yoga 6, that has Cycle Bar, that has Club Pilates, that has Stretch Lab. They've traditionally focused on fitness franchises, but Lindora really fits. It does fit into the fitness landscape because it focuses on evidence-based medications with powerful weight loss efficacy. They provide food and supplement products that are healthier options for folks that are struggling with obesity. I mean, look, let's be real. I think half my neighborhood is on the wasampic. So Lindora's offering is really very timely. They are a nationally recognized franchise that offers comprehensive range of services that focus on your metabolic health.
Speaker 1:
And what does that mean? Well, let's dive in and try and make it make sense. So, actually, lindora's been around since 1971. They've been helping people lose weight and live healthier, happier lives. Since that time, their patients have been looking to lose 20 pounds or 100 pounds, whatever it is. We're there to help and while they're one of the, while they can focus on individual care and supporting people to meet their you know, again, their language is a little clunky here. Here's the point. They help people lose weight. They can do it through a clinic. They're going to have more of a subscription base and you know, if it comes from exponential fitness, it's a great franchise. Expo knows what they're doing. This company has a proven track record. Lindora does, being around since 1971 and you combine it with exponential. I think that's a really good combo. Their average unit run rate they're showing is about a million bucks. So what does that mean? If it's a million gross, it's probably netting about 100 to 200 K per unit.
Speaker 1:
This is how we look at franchises, folks. There's no magic bullet out there where one franchise makes so much more than another one Building wealth with a franchise. Owning a franchise is owning multiple units. If you own one franchise, you're going to top out at probably 150 to 150 K 200 K net. That's just. That is what it is. If you want to make more, you need to have more units. So, for example, when my wife Jill and I bought our franchise which is called pinks windows, we wanted the opportunity not to guarantee the opportunity to build a $5 million business, so we took five territories. That was right for us.
Speaker 1:
Part of what we do at the franchise insiders is to help people figure out what unit combination is right for them. Here's a quick example. Someone may come to us and say, look, I've got $100,000 in cash and 200 K I can roll from my 401 K. What's my best path, what we need to make that money work. But we also have to be responsible in not having you spend all of your money on a franchise. So let's just say that that 100 K in cash was set aside. You're leaving your job so you can use that full 300 K to build your franchise.
Speaker 1:
Typically speaking, we could look at something like one go glow. Or we could look at something like two units of a service franchise, like that one painter, where you could have two units and build up a business that could do $2 million per year and that you say you know anywhere from two to 400,000. So that's kind of how we look at it. But with something like Lindora, you know the investment is going to be a little higher because it is a retail franchise. Franchise fee is 60,000. Royalty is 7%. They're saying total investments closer to 500,000. That feels low to me for a retail franchise, especially one that maybe has a few more moving pieces, like this does. But you know what, these guys are experts. So let's just give them the benefit of the doubt and say once we plunk down our 60 grand, we better have another 400,000 in the bank to build this thing. The profitability. That's how we look at franchises.
Speaker 1:
Okay, next up on the list let's bang through a few of the franchises we helped people buy over the past couple of weeks we and the over 700 franchise consultants that we're affiliated with. First up on the list is Tint World. I love this franchise. Tint World is automotive. They're an automotive styling center. What does Tint World do? Well, they are America's largest and fastest growing automotive accessories and window tinting international franchise.
Speaker 1:
Here's what's interesting about Tint World. Their founders actually live in Boca Raton, not too far down the street from me. We were buying a car and we couldn't get the color we wanted and somehow I was talking to their CEO and he said listen, get the color you can and bring it over to Tint World and we'll wrap up the color that you want and you'll never know the difference. It looked like paint and like that blew my mind. And then, as I go there, I see they're doing vehicle wraps for businesses. You know it's just like we have for our PINX franchise. We've got a truck that has PINX branding. Tint World can do that sort of thing. We in fact have a client that owns a Tint World in Nashville and he was able to wrap buses for a country music star. So this is a really cool franchise.
Speaker 1:
They showed the average annual revenue for a Tint World franchise. It has to be about a million two and they've got great margins. Again, they look at an EBITDA. They say their average annual EBITDA is about 400K. Now I think all of this is for their top 50%. But again, a franchise, it does near a million two and that's about 20% with, say, 30% EBITDA. That's pretty normal. That's a good number. So again, this is choose your path. Is this something you'd like to do? Would you like to have an automotive franchise and you don't have to have it full time.
Speaker 1:
Tint World is a semi absentee franchise. You could keep your day job and hire a GM to run your Tint World for you. Their franchise fee is $49,950. Their royalty is 6% Total investment. They want you to be anywhere from, say, 290 to 470. So again, here's the deal. You pay your 50K in franchise fees and you put your $410,000 in your business bank account to build your business to profitability and you hope, by about month nine or so, that covers you to get the business to where it is self-sustaining. That's how this works. So, tint World great franchise. We can save you 5K per unit.
Speaker 1:
Next up on the list is Blue Kangaroo Packouts. This is a really interesting franchise that probably most people never even knew that they existed and yet it was a top seller for us and other franchise consultants in 2023 because it's recession resistant. Their item 19 shows an average of $1 million per location. See again, $1 million per location. That's what we see, the average service franchise. I'll bet you could peg it right around a million. You know there are some that we saw, like with GoGlo, that do closer to six, and then there are some like that one painter that can go up to a million five. So again, I think you could peg an average somewhere around a million.
Speaker 1:
But here's what you need to know as a business investor. Nothing's guaranteed. You still have to go out there, even if you're an absentee franchise investor. You still have to manage your team. You still have to make sure you're watching your numbers and you need a degree of urgency. Owning a business isn't something you can just kind of do. Hey, I bought a business and it's just gonna run for me. You still have to want to go out there and build a special business.
Speaker 1:
Back to blue kangaroo packouts. Here's what makes this franchise unique. They are a content restoration which is quickly becoming one of the most important segments of the restoration industry. Insurance companies realize that contents restoration is not only more cost effective to restore individual items within a home after disasters occurred, but it's also far more preferable to the homeowner, because some items are so valuable to us personally you just can't replace it. So if you can restore it, that's better. And Blue Kangaroo Pack Outs restores items with high sentimental value and they're committed to returning those items back to the customer in a pre-loss condition.
Speaker 1:
The restoration industry is valued at 210 billion annually and typically well here's they say it's immune to an economic downfalls. I mean, that's pretty true Restoration does not. It doesn't matter what's going on with the economy. If you need restoration, you need restoration. Storms, floods and fires are part of life, and Blue Kangaroo Pack Outs is here to help people in their time of need. So here's what it is Blue Kangaroo Pack Outs for a single unit 59, 900 franchise fee. We save you 10 grand on this one. Royalty 7%. Total investment 223 to 432. So for a restoration franchise that's a little bit higher in total investment. But again, if it's a business that you can build to do a million bucks a year, it's great investment. Um, if you want to save 10 grand on Blue Kangaroo Pack Outs, do text as a 305-710050.
Speaker 1:
Uh, next up on the list rolling suds. Of course. Rolling suds, power washing. This thing continues to sell every single week because they show a $2.2 million average annual revenue with an $818,000 average net profit. This is a niche business. No national leader in the space executive model. Look, they don't want you to be absentee in rolling suds, but they don't want you out there washing windows. Um, they don't want to want you out there power washing, they want you to be the CEO of your business.
Speaker 1:
And I'm here to tell you one of the most fun things in life is to be the CEO of your own business. We're just talking about this. Yesterday, a lot of us in the franchise profession spend a lot of time talking about how hard it is to be a business owner in the beginning. That's true. That's true. It took Jill and I six months to make a penny with our first business. But I shared the other side of it where and this is actually something I shared on LinkedIn yesterday where Jill and I are taking a little ride on a private jet flight to the Bahamas. Those are the fun things you could do as a business owner. So it's not just hard and grinding and everything sucks and you're not making money. No, you could make more money than you ever dreamed as a business owner if you do it the right way and if you have patience to build your business in the beginning.
Speaker 1:
A business like Rolling Sons is great because one truck is averaging over $373,000 per year with a huge profit margin. They're showing about 30%. Now that might be pre-reality. I think it's probably closer to 20%, and that's pretty true of power washing. You know the average truck does about 3,400 grand. So again, it's a business of stacking trucks and stacking units. That's what makes Rolling Sons so great. The franchise fee is $39,900. The royalty is 8%. The total investment is $197. Pay your franchise fee of $40,000. Put your $150,000 in the bank to build the business to profitability and off you go. For this week. I'm Jack Johnson. That's my list. Please do contact me. If there's a franchise you're looking at, you want my input on it, I'd love to give it to you. 305-710050. Thanks for listening to the Inside Scoop franchise market watch podcast. Talk to you next time.