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Lets start with an interesting statistic. According to the NACS 2017 Retail Fuels Report, 59% of gas stations in the U.S. are one owner-operated. They own one store and often that store is attended by the owner. That type of business is what we call buying a job. The owners aren't working in the business because it makes so much money they are workimng there because they have to. Also interesting to note is that most major oil companies have sold off all or most of their fuel station holdings. Do you think you as a small business buyer have more market knowledge than the best business minds hired by the oil companies? Big oil is getting out of gas stations that should be a warning sign as shouold the huge number of single store owner operators. Many of these are struggling business owners making a living on very small margins. Which bring us to the next point 1. Small Margins. Here is a great infographic from the Orange County Register on where $50 spent at the pump goes. $30.75 to the oil company, $7.00 to the refineries, $6.00 on taxes, $4.00 to the delivery company, $1.25 on processing and transaction fees and finally right at the end of the chain you get $1.00. And that number can and does change sometimes even lower most owners suggesting an average of 1-3 cents net per gallon. If you speak with gas station owners as we do or even just visit forums and chatrooms with actual gas station owners most will tell you the gas is just a way to get people to the location and they actually make their money on cigarettes, soft drinks, coffee, and snack foods. But a huge problem today is more and more gas buyers are paying at the pump and not even entering the store making it even less profitable. But you will still have non driving walk in traffic leading us to reason #3 - rough customers 2. Most cheap gas stations are located in less than desirable neighborhoods and open 24 hours a day. And lets face it most gas stations are often frequented by some interesting people particularly in the late and early morning hours. We all watch Youtube and see some of the crazy stuff that happens in convenience stores and gas stations. That will also be happening to you - is that something you want to deal with? Ask your seller if they have ever had any issues where they had to call the police, and Google the address and see if any crime reports come up. There are over 7000 robberies each year at gas stations and 15,000 at conveniece stores which is disproportionate in relation to other businesses. 3. Franchising. Now there are many situations where the franchising model works. In my opinion gas is not one of them. In fact if you are at the mercy of buying only one companies gas at a fixed price, being unable to shop for better pricing, stuck with every promotion they decide on as well as having to pay franchise royalties and fees with your already slim margins, being profitable can be difficult. 4. Environmental issues.This is a problem specific to gas stations. Are the tanks leaking? If so the cost of cleanup can be costly. Many unwary buyers found themselves on the hook for huge bills because they chose to survey only assets that were above ground. 5. At the mercy of potential construction. Some unethical sellers pull a fast one and after determing that weeks or months of construction will make thier location inaccessible put it on the market. Always check with the local department of transportation prior to making an offer on a gas station. Or any business for that matter. Now in closing yes I understand that gas stations and convenience stores CAN be a good business or franchise. In these videos I provide the negative side because as we all know the seller is only giving you the good side. An business decision that has considered both the bad and the good is an educated one. Don't forget to like and subscribe and leave your business and franchising questions down below. http://www.franchise.city/buy-a-gas-station/ http://247wallst.com/economy/2014/05/22/why-are-there-115000-or-150000-gas-stations-in-america/ http://www.ocregister.com/2012/03/14/gas-prices-oil-prices-and-who-gets-the-money-you-pay-at-the-pump/ http://www.nacsonline.com/YourBusiness/FuelsCenter/Pages/Retail-Fuels-Report.aspx
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Bio-One VERY UNIQUE Franchise Opportunity! Going forward we will begin bringing you some of the "hidden gem" franchise opportunities. These are franchises you likely wont have heard about but really have a lot to offer. Ill let you in on a secret. Most of the franchise opportunities that you see publicly, by the time you hear of them them the prime opportunities are gone. By the time everyone and their Uncle is jumping in, when the franchise reaches a critical mass, by that time many of the best locations are gone, the master franchise licenses are sold, and the preferential arrangements early adopters received are also gone.Today we are going to look at a very unique franchise that you have likely never heard of that is right now sweeping across the nation and is one of the most interesting franchises you will ever see. For many people this franchise checks off all the boxes. Very strong margins of up to 80%, the ability to work from home, low start up and operational costs, huge territories with no restrictive boundaries and great resale potential. We were amazed to see some franchisees had sold their businesses for 6 and in some cases even 7 figures after only a few years. Yes that's over a million dollars The brand Rolled out an amazing 50 franchises in their first 2 years and has proven to be a very solid business model. 2018 was the first year they made it to the Franchise 500, ranked at number #344. BUT.... A word of caution I will tell you now, this franchise requires a very specific type of person and certainly wont appeal to everyone. Bio-one is a Crime and Trauma Scene clean up franchise. Bio-One franchisees engage in a very much needed but highly fragmented market providing services like Suicide/Homicide Cleanup, Decomposition/Undiscovered Cleanup, which is when someone passes away and the body is not discovered for some time it does create a situation needing cleanup, Blood/Biohazard Cleanup, Odor Removal, Emergency Vehicle Decontamination, Jail Cell Cleaning, Hoarders/Clutter Cleanup, Meth Lab Recovery and more. So you can see how this type of franchise would suit a very specific type of individual. Many of Bio-Ones franchisees are ex- military, or ex first responders like police, paramedics or firefighters. So you can imagine in a large city how much demand exists for these types of services. Now when we spoke with Bio-One I was surprised to hear that the crime scene cleanup is not the biggest part of their business it is really only a small part. Suicide and undiscovered cleanup is in much greater demand. Now because this is a very specialized industry that requires specific knowledge the cost for these types of services are at a premium. You can't call a maid service and ask them to start cleaning up body fluids. The typical Gross invoice for a cleanup is between $4,000 and $6,000 dollars and takes between between one to three and a half hours to complete. Not bad money at all. Hoarding cleanup and mold remediation jobs can be 10's of thousands of dollars. In most cases the cost of of cleanup is handled by insurance companies and is paid in 10-30 days. So you can see that this industry can be quite lucrative. But if you are driven by money only this isn't the franchise for you. Bio-One is very selective at choosing individuals who are able to do this kind of work, but are also caring, compassionate and professional, and rightfully so. You will be dealing with individuals who have been involved in a very tragic situation and franchisees need to be sensitive to the clients emotional state, while still providing professional and quality service. So who are your typical clients with a Bio-One franchise? Home Owners, FBI and Governmental Agencies, Property Management Companies, Police and Fire Departments, Medical Examiners or Coroners and similar types of agencies. Part of building your business is developing relationships with these groups. because Bio-One is a very established franchise, with systems and processes and a very professional approach, many groups prefer to deal with an established multi unit chain over single individuals. So - ideal candidate someone who is good with people and can develop business relationships, as well as being caring and compassionate with clients. Someone who can follow a proven system, as they will be trained in all aspects of the business from marketing and promotion to actual clean up protocols. Obviously you must be OK with working within this type of environment. As of the making of this video the franchise fee is only $35,000 your total investment will range between $70-$85,000. You will need a minimum of $50,000 liquid capital, and be able to invest up to $75,000 with a net worth of $150,000. You must be willing to do this gig full time; no part time ownership is available. And if you think this opportunity might be for you Franchise City will give you $1200 to get you started. http://www.franchise.city/bio-one-contact/
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VOTE FOR 1O4.3 THE FAN'S DREAM JOB at the link below!! http://1043thefan.com/the-fan-dream-job/#/gallery/ Thanks for watching episode 102 of the Vlog. Please Like, Subscribe and Share with your friends if you enjoy the content! Sumer Boxers - https://sumerla.com/ Save 10% Code: OMGITSTTF Instagram - sumerlosangeles Boulder Beard Co - boulderbeardcompany.com Save 20% with code: FRANCHISE Instagram - boulderbeardco Mailing address: 1559 S. Broadway Denver, Co 80210 Boostedstripes.com Use Code: TTF15 to save 15% off your order! Amazon links below for sneaker cleaners, repellent sprays, jeans, joggers & a bunch of stuff I wear! Pink Miracle Sneaker Cleaner - http://geni.us/ZbHqZ Black Drop tail shirt with zippers & hood - http://geni.us/CiAlPX Camo Joggers - http://geni.us/Uy0At5D Reshoevn8r Brushes & Cleaner - http://geni.us/XR8Pai Crep Protect - http://geni.us/g135YW Jason Markk Repel - http://geni.us/FOmabGS Sunglasses - http://geni.us/MqhX LRG Jeans - http://geni.us/MbZi Levis 510 Jeans - http://geni.us/JpYgQ Cargo Joggers - http://geni.us/Sqp3Q Cargo Shorts - http://geni.us/F1aKs8 Joggers - http://geni.us/Aj78sDl My iPhone accessories... Pop Socket & Apple Case (Links below) Pop Socket: http://geni.us/1tKqYe Apple Case iPhone 6/6s: http://geni.us/YpafbV Apple Case iPhone 6 Plus/6s Plus: http://geni.us/0inS2v Apple Case iPhone 7: http://geni.us/Q5jABC Apple Case iPhone 7 Plus: http://geni.us/LSxDhx Have a request for something you'd like to see on the channel? Leave a comment or hit me on any of the social media platforms below. Twitter.com/oMgitsTTF Instagram.com/oMgitsTTF Snapchat: @oMgitsTTF
Franchise Opportunity - Michigan MICHIGAN FRANCHISE OPPORTUNITY Join one of the fastest growing home care companies, servicing the fastest growing population…SENIORS! Franchise opportunities all across Michigan are now available! From Grand Rapids, Ann Arbor, Detroit & more! Michigan is a midwestern state bordering 4 of the Great Lakes. It contains more than 11,000 inland lakes, spread across its lower and upper peninsulas. Its largest city, Detroit, is famed as the seat of the U.S. auto industry, which inspired Diego Rivera’s mural at the Detroit Institute of Arts. Also in Detroit is Hitsville U.S.A., original headquarters of the Motown record company. A perfect location to start your franchise ownership. A Golden Heart Senior Care franchise specializes in providing non-medical home care for the aging population. In the United States there are over 10,000 people per day becoming a senior and as they age they want to remain independent and age in place in their home. Your Golden Heart team will provide the necessary services to help them remain at home and to remain empowered and independent. Specifically, our franchise partners provide seniors with companionship, transportation, personal care, meal preparation and so much more to allow the aged population to enjoy life in their golden years. Upholding senior independence we advocate for senior rights and choices to keep seniors safe, healthy and happy in their own home.