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Absentee Owner Franchise Opportunities For 2024
Written by: Parth
Last Updated:
August 7, 2023
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Unveiling the world of Absentee Owner Franchise Opportunities for 2023. The contemporary franchising landscape is brimming with opportunities that provide freedom, growth, and strong return on investment, catering especially to individuals who wish to dip their toes in entrepreneurship without forfeiting their current professional commitments. The Absentee Owner model, where the owner does not actively participate in day-to-day operations, is gaining tremendous traction as it opens the gate to a wealth of diverse business possibilities.
Imagine owning a thriving franchise without being chained to the daily rigors of its operation, enabling you to diversify your income stream while continuing your primary career. Be it in food service, retail, or automotive, various franchises are designed for absentee ownership, providing a robust managerial structure that ensures the smooth operation of your business.
This model not only takes advantage of time-tested business systems, but also leverages the training, support, and brand recognition that franchises provide. The end goal? To produce consistent results and generate revenue, even in your absence. The future of franchising is here with Absentee Owner Franchise Opportunities for 2023, providing the flexibility and financial growth that today’s busy entrepreneurs need.
Contents
Absentee Owner Franchise Opportunities For 2024
SarahCare
SarahCare is a home care franchise that was founded in 1985. The company provides in-home care services for seniors, adults with disabilities, and families with children. SarahCare has over 100 locations across the United States and employs over 10,000 caregivers.
The company’s mission is to provide high-quality, affordable care to families in need. SarahCare offers a variety of services, including personal care, companionship, meal preparation, transportation, and light housekeeping. The company also offers respite care, which provides temporary relief for caregivers who need a break.
SarahCare is a great option for families who are looking for quality, affordable care for their loved ones. The company has a proven track record of providing excellent care to its clients. Sarah Care is also a great option for caregivers who are looking for a rewarding career in home care. A franchise costs $514,500 to start, with a franchise fee of $34,900.
Stretch Zone
Stretch Zone is a wellness and fitness franchise that offers practitioner-assisted stretching services to customers of all ages and fitness levels. The brand was founded in 2004 by Jorden Gold, who was inspired by his grandfather’s mobility issues due to diabetes. Gold developed a proprietary method of stretching that focuses on increasing the range of motion and improving the resting muscle tone of the clients, rather than just enhancing their flexibility.
One of the key factors behind Stretch Zone’s success is its innovative approach to stretching. Unlike traditional stretching exercises that rely on the client’s effort and can cause discomfort or injury, Stretch Zone uses a patented strapping system and specially designed tables to stabilize and isolate the muscles. This allows the trained practitioners to control the intensity and cadence of the stretch, while the client relaxes and communicates their comfort level. The result is a personalized and effective stretch session that can help with pain relief, injury prevention, athletic performance, posture, circulation, and overall well-being.
Stretch Zone has a strong brand identity and recognition. It has over 100 locations across the US and Canada and has been featured in various media outlets such as Forbes, CNN, Men’s Health, and The Wall Street Journal. It also has a loyal customer base that includes celebrities, athletes, and professionals.
The total investment required to open a franchise ranges from $107,000 to $210,000. The franchise fee is $44,550-$49,500. The marketing fee is 2% and the royalty fee is 6%. The average unit volume (AUV) in 2020 was $286,452 and in 2021 was $248,539. We estimate earnings for an owner-operator are $81,794 and for a semi-absentee owner are $61,041. The sales-to-investment ratio is 1.6:1. The resale value of a franchise is $227,388.
Fetch! Pet Care
Fetch! Pet Care is a pet-sitting and dog-walking company founded in 2002 by Jay Barrett, Kate Zavala, Paul Mann, Robyn Greene, and Sandy Ellis. The company is headquartered in the Greater Detroit Area and has over 10,000 employees. Fetch! Pet Care provides pet sitting, dog walking, and dog boarding services in over 100 cities across the United States.
Fetch! Pet Care has been recognized as one of the fastest-growing companies in the United States by Inc. magazine and Forbes magazine. Fortune magazine has also named the company one of the best places to work, and it remains committed to providing its customers with high-quality pet care services. The company’s employees are all certified, pet sitters and dog walkers.
The franchise fee is $62,500, and the initial investment range is $74,000 to $80,000. There is no marketing fee, and the royalty fee is 7%. The average unit volume (AUV) in 2020 was $184,533, and the AUV in 2021 was $450,137. We estimate the franchise payback period to be 1.5-3.5 years. We estimate earnings for an owner-operator are $109,068, and the earnings for a semi-absentee owner are $80,000. The sales-to-investment ratio is 5.8:1, and the resale value is $310,844.
Perspire Sauna Studio
Perspire Sauna Studio offers customers infrared sauna sessions, chromotherapy, and relaxation. Specifically, they utilize the infrared sauna that combines the centuries-old sauna practice with the modern science of infrared technology and red light therapy. Its first-of-its-kind infrared lighting systems enhance the user experience.
Perspire Sauna Studio is striving to bring the benefits of infrared saunas to communities in a friendly, comfortable, spa-like atmosphere. Managed and co-founded by Lee Braun, the studio positioned itself in the $1.1 trillion wellness economy in 2010. It was founded as the founders were shocked to discover there was no easy way to get a sauna session and they aimed to make the benefits of saunas convenient and accessible to the community. To franchise with them, you only need to have minimal labor, and no special licensing, skills, or training is required!
The total investment necessary to begin the operation of a Perspire Sauna Studio franchised business is around $370,890 to $562,230. The franchise fee is $45,000. The marketing fee is 2% of gross sales, and the royalty fee is 6% of gross sales. The investment range is $425,000 to $737,000. The franchise payback period is 5.3 to 7.3 years. The average unit volume (AUV) in 2020 was $395,768, and the AUV in 2021 was $546,025.
British Swim School
British Swim School was first created by the founder, Rita Goldberg, in 1994. From 1994 to the present day, Rita has continued to develop, improve, and fine-tune her methods into a gradual, engaging, and gentle program. In 2011, Rita decided to expand her business on a national scale and began the process of selecting like-minded entrepreneurs to open their own British Swim School franchise businesses in their local markets.
The company is the leader in the “Learn to Swim” program. It was revolutionary in developing a survival program that enables the very young to survive an accident in the water. Its gentle fun program makes it the nation’s leader and preferred choice for all parents. The business model, with low investment and even lower overheads, make it a highly profitable, quick starting, and fast break-even business. Equally attractive is the fact that the franchise owners have no build-out costs. They contract with pools in Fitness Centers, Schools, Hotels, Sports clubs, etc., bringing revenue to the host for an underutilized loss leader facility. It is a great win/win situation. The fees for a franchise include a marketing fee of 2%, a royalty fee of 10%, and a franchise fee of $45,000.
The investment range is $100,000 to $135,000. The key indicators for a franchise include a franchise payback period of 1.5 to 3.5 years, an average unit volume (AUV) of $215,542 in 2020 and $413,983 in 2021, earnings of $181,165 for an owner-operator and $123,744 for a semi-absentee owner, a sales-to-investment ratio of 4.3:1, and a resale value of $431,173.
Conclusion
The franchising landscape has never been more dynamic or diverse, offering aspiring entrepreneurs a range of options to match their goals, interests, and investment capacity. Our extensive research unveils the rising potential of Absentee Owner Franchise Opportunities that seamlessly integrate into the busy lives of modern entrepreneurs.
SarahCare, Stretch Zone, Fetch! Pet Care, Perspire Sauna Studio, and British Swim School represent some of the most promising Absentee Owner Franchise Opportunities in 2023, offering not only solid financial returns but also the fulfillment of contributing to communities across a variety of sectors, be it health and wellness, senior care, pet services, or child education.
But this is just the beginning. The opportunities are vast, and there is no one-size-fits-all franchise. Find the perfect franchise by informing yourself well and customizing it to your unique goals and lifestyle. Don’t hesitate to visit Vetted Biz for comprehensive and detailed information about various franchises available today. Our mission is to help you make a confident and wise investment decision. Explore our website to delve deeper into the world of franchising and connect with our team of experts who are ready to guide you every step of the way.
Invest in a brighter future for yourself with an absentee owner franchise that aligns with your vision. Let us at Vetted Biz be your partner in this exciting journey. Start exploring now!
