Fast HELOC Franchise Financing Tips and the Rise of GlO 30

Unlock the secrets to successful franchise financing and discover a game-changing business opportunity with our latest insights. Join me, Jack Johnson, as I recount my own journey of tapping into home equity through a Figure Home Equity Line of Credit. This episode sheds light on how this efficient financing approach can outshine traditional SBA loans or 401k rollovers, offering a swift and streamlined solution for aspiring franchise owners. Prepare to be inspired by GLO30, the unique doctor-founded medical spa franchise that merges medical-grade skincare with cutting-edge technology, designed for entrepreneurs with a passion for personal care and a knack for business. As GLO30sets its sights on expanding into major U.S. cities, this could be your chance to step into a proven business model with enticing recurring revenues.

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Franchise Financing and Glow 30

Speaker 1 0:22

Hey everyone , jack Johnson here , franchise Insiders with your Franchise Inside Scoop for November 18th 2024 . I've got a couple really interesting things for you guys today . First of all , I want to talk to you guys about figure home equity lines of credit . I did one of these and I am in no way endorsing them or affiliated with them , but I just want to share a cool experience because people are always asking about funding them or affiliated with them . But I just want to share a cool experience because people are always asking about funding Um and so I myself tried a figure home equity line of credit and um , we got it done in , like honestly , like two weeks it was done , um , maybe less and uh , really fast , all online . Didn't have to deal with anyone Uh , maybe there was like a quick phone call of some kind but like so user-friendly um , really enjoyed the process . So for those of you that are wondering about franchise financing um and thinking about tapping into equity of your home figure home equity line of credit , figurecom again , I'm not affiliated with them , um , but just really enjoyed the experience . It's really easy . You can do it all online . Um definitely worth looking at if you're thinking about funding your franchise and you're looking at SBA loans , 401k rollovers . The advantage of the figure home equity line of credit , if you have equity in your home , is that you can have the funds honestly , they say in as few as five days . I think for us it was about a two-week process , but pretty fast if you've got home equity , so worth checking out , okay .

Speaker 1 1:46

Second on my list today I want to talk to you about a franchise called Glow 30 , g-l-o-3-0 . This is a franchise and I think we may have brought it up in the past , but I want to come back to it because it feels very timely . It's Glow 30 , your perfect facial every 30 days . Glow 30 is a doctor founded medical spa that offers a unique membership based model designed to deliver customized facials every 30 days . Now , as a franchise owner myself , with a franchise that lives off of recurring revenue , right , every week we've got clients on the job sheet that are recurring . We have one gal every week . We go and clean her windows . We love recurring revenue . We love seeing already revenue on the books for next year . Recurring revenue is awesome , so we love a recurring revenue model . Okay , so customized facials every 30 days .

Speaker 1 2:45

At the core of its offerings are minimally invasive and non-invasive cosmetic treatments , including peels , injectables , facials , micro micro derm abrasion and light therapy . Each month , clients receive tailored treatments at no additional cost , ensuring that their skincare routines are adjusted to their evolving needs . So this approach enhances customer loyalty while providing ongoing value through regular personalized care . Powered skin analyzer , called Gloria G-L-O-R-I-A but the G-L-O , of course , is all caps , just like the Glow 30 brand . Very consistent , I like it . This tool measures three essential skin health determinants tone , texture and tightness , providing real-time data that enables highly customized treatment plans . It's founded by Dr Arlene Lamba , and Glow 30 seamlessly blends medical grade skincare with advanced technology , offering a unique and effective solution for modern skincare needs . So it's positioned at the intersection of beauty , wellness and technology .

Speaker 1 3:54

I love that Glow 30 is revolutionized . It's revolutionizing , excuse me , the skincare industry by providing accessible , high quality treatments tailored to each client's individual needs . Okay , let's break this down . So why ? Why would we look at glow 30 ? It seamlessly blends medical grade skincare with advanced technology , offering a unique and effective solution for modern skincare . It provides accessible , high quality treatments tailored to each client's individual needs , and it's doctor-founded medical spa that offers a membership-based model designed to deliver customized facials every 30 days . Again , love that . Love the recurring revenue .

Speaker 1 4:33

They are looking for someone with a strong business acumen when we're talking about who the ideal franchisee is here and the ability to motivate and manage a team See , that is so key . When I talk about what makes a successful franchise owner , I always say you've got to have the ability to lead a team , to drive sales and make sure that you are getting providing a great customer service , great customer experience , and , of course , that's that's not . It's not last on the list , certainly not last , and they are hammering that right away . You've got to be passionate about personal care and have great customer service skills . Um , they're looking for a community influencer who seeks to develop multiple locations in their local area . Uh glow 30 was founded in 2012 . They started franchising in 2022 . They have two franchisees currently operating and five corporate owned locations . So they've got corporate stores , which is wonderful , which means they've proven their concept themselves before they rolled it out to franchise owners . They are looking for franchise owners in Atlanta , boston , chicago and Miami . Sound like you . If so , definitely text me at 305-710-0050 .

Speaker 1 5:45

It is not home-based , it is not absentee , it is semi let's call it involved , semi-involved . They say you need to have five employees on staff . It is not E2 visa friendly . Franchise fee is $45,000 . We can save you two to $10,000 on this franchise , but you got to text us to find out how much . Uh , okay , royalties are 6% . Cash investment is half a million dollars . Total investment $600,000 is what they're saying on the high side and they want you to have a net worth of a million dollars . I mean again , folks , it's retail , so you definitely want to have more available for something like this . Um , and I would even say , if it's me $600,000 to build out a glow 30 , I'd probably want to know I have access to a little bit more . But very unique love the recurring revenue side of glow 30 . Just going to see if there's anything else here worth bringing up to you guys . Uh , the item 19 actually pretty , pretty good , pretty exciting item 19 that they have here . They show some , some nice locations Um , uh , so definitely this is different . It stands out Something to look into . Glow 30 . You can go to glow 30.com but if you want to go through me and get the franchise insiders rebate text 305-710-0050 .

Speaker 1 7:03

Also just want to talk to you guys about a couple of observations over the past week as a franchise owner myself . Wow , you know what's so cool ? I spend so much time talking to you guys about the hard right , about how , uh , it's hard to build a business , and it is . It's not easy , it's not for everyone , but , boy , when it starts to work and you start to grow and you start to see this thing really take off , I'll tell you , um , our pinks franchise is just getting into that space now where it's starting to go to the next level , where things are starting to get more predictable and , who knows , I mean , is it forever ? I mean , gosh , we've been open eight months but we've kind of powered through our hard season right , hopefully our only hard season and now things are really starting to take off .

Speaker 1 7:47

So I know I talk so much to you guys about how you've got to be patient and you've got to be able to power through the hard to build the easy . But , boy , once the business starts to take off , there's a couple of things that happen . One , it's fun to spend , you know , a portion of your day depositing checks for your business . Two , it's nice that a business that you own you don't have to do all the work . I'm not saying it's absentee , but I am saying I've got a great team that's out there hustling and building and look , the minute I say this , somebody is going to quit and we're going to hire someone new . I get that . But overall , the business is growing and we're excited and it's so fun to see it . And so for all of you out there that are franchise owners , just keep pushing through .

Speaker 1 8:30

And for those of you that are exploring franchise ownership , know that if you power through the hard to get to the point where the business really starts to grow , it's more than just making money . It is so rewarding . It's rewarding to win , it's great to be a top performing franchise owner . People oftentimes ask me . They say I want to find my passion in a business . Oftentimes ask me , they say I want to find my passion in a business . I'm here to tell you that succeeding and growing a successful business , you , you will , you will fulfill your passion that way . It is exciting to see your team galvanized . It's exciting to be a successful franchisee I mean we own a window washing franchise , um and to see it grow , uh , the way that it has , and to be a part of that um has , and to be a part of that and to have the support of the franchise , that's it's . It's a wonderful feeling .

Speaker 1 9:16

So , again , for all of you out there considering franchise ownership , just know that if you stick with it , if you follow the guidance of the franchise , or if you do the right amount of advertising , that's really key . By the way , always do more , always do more advertising . Whatever they tell you , the minimum is , don't just do that . If you're just going to do the minimum advertising , don't do it . You've got to really invest in your business and advertising is the lifeblood of your business .

Franchise Owner Coaching and Financing

Speaker 1 9:42

Okay , so today we covered a couple of things . One it feels really good to win as a franchise owner , and I'd love to coach you . By the way , if you want to know my secrets , what I do to win as a franchise owner , text me 305-710-0050 , or go to thefranchiseinsiderscom . You can schedule a meeting and I'd love just to talk to you about where you're at in your journey , even if you're working with another franchise consultant and you just want another perspective , I'm happy to give it to you , because , because you know , at the end of the day , this is something that all of us can win together . Uh , if we have the right motivators , and the right motivators come from people that are succeeding and growing . The wrong motivators come from people that aren't uh , and I'm here to be a positive motivator for you guys . So again , text three zero , five , seven . One zero , zero , zero , five , zero . Let's get on the books for a call Um , and that's even if you're an existing franchisee too Happy to talk to you , okay .

Speaker 1 10:35

Second thing is Glow 30 . It's a really cool franchise in the beauty space . They've got tech , they've got AI . And then the first thing we talked about was the home equity line of credit from Figure . That's figurecom . Check it out . For those of you that are thinking about how am I going to fund my franchise , I'm thinking about a HELOC . This is really fast for those of you that don't want to have a million conversations and get a home equity line of credit done fast , assuming you have um equity in your home . Check it out Figurecom . We're not affiliated . We just had we . We enjoyed the process of using it . Today's inside scoop I'm Jack Johnson . I'll .