FBR Q2 2023

FBR INSIDER INSIGHTS
FEATURED FRANCHISEE
RITA TOWER
The Team at NextHome Beacon Realty in Rehoboth, Massachusetts
“The potential annual income that a
franchise owner can earn is an important
metric, but there are many factors that come
into play,” said Eric Stites, CEO of Franchise
Business Review. “Unlike employees, business
owners build equity in their businesses.
You should look at the whole investment and
understand the long-term value of a business
and the annual cash flow it may produce over
time. Much of the wealth business owners
ultimately realize comes in the form of equity,
which they cash out when they sell the business.”
Understanding your own values and goals
is an important part of your due diligence. Do
you want to work full-time, or part-time? How
much income do you want or need to earn?
How important is a flexible schedule to you?
Many franchise owners are happy and
successful for myriad reasons. There are also
many unhappy or unsuccessful franchise
owners in business today. While you may
believe that your experience will be unique to
you and your values and goals, understanding
the experiences of franchisees on both sides of
the spectrum can provide important insight.
Pay attention to the Franchisee Satisfaction
Ratings for any franchise that interests you.
During our research, we got feedback from
franchise owners in both camps—the happy
and the not-so-happy. In fact, we surveyed
11,900 franchise owners representing over
135 low-cost franchise brands to determine
our list of 2023 Top Low-Cost Franchises.
The franchises that made this year’s list
have average owner satisfaction 12% higher
than our industry benchmark, making them
all excellent options for entrepreneurs considering
franchise ownership.
Approximately one-third of the surveyed
franchise companies have initial investments
starting under $100K. With financing, many
can be started for as little as $15-$20K, with a
few options starting as low as $10K.
Explore our list of award-winning Top
Low-Cost Franchises in this guide and online
at FranchiseBusinessReview.com to compare
investment level and cash required, review
company data, download franchise reports,
and more. Remember, don’t sign on the
dotted line until you’ve conducted your due
diligence! ■
HomeVestors of America
Houston, Texas
Franchise owner since 2015
4 Employees
“I flipped homes on my own for about three years
and found getting quality leads challenging.
I solved that issue by buying a HomeVestors
franchise! When I first started exploring
franchises, I already knew I wanted HomeVestors.
I wanted to be the best I could be, so I aligned
myself with the top company in real estate
investment.”
“Franchisee satisfaction played an important
role in my research. I spoke with almost every
franchise owner in my market, and they were
incredibly positive about their experience. There
wasn’t one person that said they wished they
had not purchased a HomeVestors franchise. That
was very telling. After meeting with HomeVestors
franchisees and the leadership team at the
corporate office, it was clear that these people
would help me reach the next level!”
“I purchased a HomeVestors franchise
because of the people. They have continually
shown me they are there to help me succeed.
Even though they are not involved in my day-today,
we all work together to be successful in this
business.”
“I had my most successful year last year, and I
have plans to double that this year! I have hired
more people, and I am considering an increased
investment in my marketing.”
“Today, I am not just a person who flips houses
and has some rentals. I am a true business owner
looking to expand in a business where the sky is
the limit!”
For more information on HomeVestors franchise
opportunities:
• Call: 800-230-0385
• Visit: homevestorsfranchise.com/FBR
For more information on the companies in this report, visit www.FranchiseBusinessReview.com | 15