I recently had the pleasure of assisting Philip S., a Colorado-based full-time CPA, in finding a fabulous manage-the-manager franchise. His story makes a great case study, so here it is:
Philip is about to become a partner at his firm, but he also wanted to own a business that would allow him to continue working full-time.
Due to his limited time availability, we only considered franchises with a manage-the-manager role for the business owner.
He was particularly impressed with a lighting franchise. Yep – lighting! Outdoor, holiday, and event lighting, residential and commercial.
Why? There are no national leaders in this highly fragmented industry. Needless to say, the numbers were fantastic! Not only that, but this franchise provides the following benefits:
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ALL calls are handled by a national call center
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Internal advertising agency
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Lighting wholesaler sourcing directly from manufacturers
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Assisting in the recruitment and hiring of qualified workers
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Unwavering focus on franchise owner profitability
The minimum financial requirements are $100,000 in liquid assets (from cash/savings, stocks, retirement funds, HELOC, etc.) and a net worth of $500,000.
By the way, I have two other CPAs looking at this lighting business.
Book a call using the yellow button so you can find a manage-the-manager franchise that is right for you.
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