When you do the math, Tailored Living is one of the smartest investments you'll ever make. Single territory average sales: $457,583 U.S. / $339,651 CAN* Average gross profit margin: 55% U.S. / 56% CAN*
Full Answer
How much do you make from franchise owners?
The Numbers When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.
How much does a small franchise make?
The average franchise owner in the United States makes around $75,000 to $125,000 a year.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Is owning a franchise passive income?
Using the definition above, yes, a franchise can definitely be passive income! In fact, many franchises are set up with the goal of passive income in mind. That's why some franchisees end up owning multiple locations of the same franchise, with a separate staff and minimal oversight to run each one.
Are franchises a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
How do franchisors make money?
A franchisor makes money from royalties and fees paid by the franchise owners. A franchise owner makes money through profits received from sales and service transactions. This is generally the left-over amount of money received from revenue after overhead costs are taken out.
Background
Are you good at managing employees? Tailored Living could be right for you. You can have an office at home, manage a crew of builders and installers, have a warehouse for your equipment, and a truck for customer sales and installs.
Company Details
Established: 1999 First Unit Franchised: 2006 Franchised Units: 184 Company Owned Units: 2 States Registered In: All Canada Franchises: Yes International Franchises: No
Support and Training Offered By Tailored Living
Financial Assistance Provided: Yes, $44,000 @ 9% over 10 years Site Selection Assistance: No Lease Negotiation Assistance: No Recruiting Assistance: No Co-Operative Advertising: Yes Training: 10 days of hands on training at our Home Office, which is paid for by the Franchisor.
Franchises Similar to Tailored Living
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is a customized living franchise?
Tailored Living is the largest whole home organization franchise. Our franchise owners help people become more organized by designing and installing custom storage and flooring solutions in their garages, closets, pantries, home offices, laundry rooms, and more. We offer a unique situation where you can start a franchise business that is backed by a large and formidable brand that provides lucrative earning potential and greater overall career security as your own boss. Explore the opportunity today.
Is Tailored Living a manufacturer?
Tailored Living has been experiencing double digit sales growth for the past five years! We aren’t a manufacturer (as most of our competitors are) so we can offer a greater selection of products than our competitors. We also have very little overhead, which allows us greater price flexibility over the competition. With low overhead, high margins, no inventory, and a large territorial footprint, this business is great for candidates who want to be heavily involved with minimal employees as well as for the empire builder who wants a management role and growth potential. More differentiators include:
What is Tailored Living?
Tailored Living® is a member of a family of brands under the umbrella of Home Franchise Concepts® (HFC), parent company and franchisor of home improvement service companies that include Budget Blinds® and Concrete Craft®. As a franchising expert, HFC is dedicated to helping people go into business for themselves and to help them grow their home-based franchise business to be as successful as possible.
What is the 5th best of Houzz?
Tailored Living is proud to receive our 5th Best of Houzz badge for Design! Out of the millions of active home professionals on Houzz, just over 3% win an award. We are honored to be among them.
