7 Businesses Make A Sh*t Load Of Money
Рет қаралды 140,644
Күн бұрынGRAB The 5 Low-Cost Businesses That Make $1 Million: Learn about affordable franchises with high returns. Learn More: www.franchiseempire.com/lowcost
The hardest part about starting or buying a profitable business is finding and deciding on a business.
Most people get caught up in fast food franchises or other "well-known" businesses. But a lot of those businesses don't actually make a lot of money.
So today's video is all about 7 little-known businesses that make a TON of money.
If you're looking to start or buy a profitable business, this is the video for you.
So sit back, take some notes, and enjoy the video.
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@TariqJohnson 3 ай бұрын
📘 FREE Franchise StarterKit - Zero to Profitable Franchise in Less Than 12 Months: Start fast in the franchising world. Download Now: www.franchiseempire.com/o-ztpf-guide 🔍 Request a Territory Check | Check territory availability here: www.franchiseempire.com/checkterritory
@CarlosAlberto-ii1li 2 ай бұрын
You make all this scamming people for clicks on youtube and you need ebeg too, you make better money getting thumbs down because you got mine.
@kimjah758 2 күн бұрын
I really enjoyed you going over the FDD you should do shorts on FDDs since there are so many franchises out there
@EcomCarl 2 ай бұрын
Great overview of diverse franchise opportunities! For anyone considering this path, remember that thorough market research and understanding your local demand can greatly enhance your chance of success with any of these franchises. 👍
@TariqJohnson 2 ай бұрын
100%
@Eag757 3 ай бұрын
Best to create your own franchise idea. Own all the profits
@TariqJohnson 2 ай бұрын
Maybe for some that are wired as entrepreneurs. Most people don’t have the time, will , or skill to be able to start a brand new concept from scratch… Create the logo, brand, systems, processes, trial and error, etc. Franchising isn’t for everyone, but it gives a lot of people an opportunity to be business owners that otherwise wouldn’t. 👌🏽
@apollospyrol7168 2 ай бұрын
That’s a horrible idea
@jfkst1 Ай бұрын
So drug and human trafficking. Because that is the ONLY industry you're gonna control all profit.
@stepfongriffin3744 23 күн бұрын
Assisted living seems interesting. I’m going to do some more research on that.
@prasad1686 2 ай бұрын
Thank you🙏 Tariq for the insight. I prefer Express Employment Professionals franchise
@TariqJohnson 2 ай бұрын
Great 👍
@user-sl8rt4pk5y 3 ай бұрын
Good job keep it up!
@TariqJohnson 3 ай бұрын
Thanks, will do!
@jordankendall86 2 ай бұрын
Sorry to be stickler about this, but EBITDA is not your Profit because even though Depreciation and Amortization is a non-cash entry (spread the large upfront cost of equipment/acquisitions over the useful life of the asset), you still pay Interest and Taxes before you get to your net profit or income. Aside from that, I wonder if these franchises that are either using EBITDA or Operating Income include the salary of the owner operator because then the numbers look even better.
@TariqJohnson 2 ай бұрын
All good points!
@kimjah758 2 күн бұрын
Where is the video on why he sold his franchises the smoothie spots....I can't find it
@pakstreetboy 3 ай бұрын
If we pay 6-7% in royalty on the gross sales and our net is 11-12%, we only get 4-5% in our pocket which is very hard to sustain.
@TariqJohnson 2 ай бұрын
If I was expecting 11-12% net , I would have already paid my royalties. Also, no chance I’m buying a franchise where I would only expect 11-12% net. I already made that mistake buying a food franchise. There’s A LOT of other lower cost, higher ROI franchises out there. Just got to look at the numbers in their FDD and talk to existing franchisees before buying.
@AJohnson0325 2 ай бұрын
Yeah I looked into opening a Mellow Mushroom and the conclusion I made was that opening a franchise isn’t a good idea unless I get so rich that I could set that money on fire and not care. Even then, I’d probably open my own place with my own name. A bbq spot would be cool too. Restaurants have small margins, are difficult to scale, and are a lot of work.
@jfkst1 Ай бұрын
Better be nearly a complete absentee franchise owner for only a 4-5% net profit. That's not enough for even most to live off of.
@TheresaBell-kh7ek 2 ай бұрын
This is a great video 😊😊😊
@TariqJohnson 2 ай бұрын
Glad you enjoyed it!
@bunnykate7509 2 ай бұрын
Grady Judd! 😂 The best!
@TariqJohnson 2 ай бұрын
He’s so funny
@harvynussbaum5182 2 ай бұрын
Franchise is benefit of 1 person and that's who started it and owned it originally. Lot of money goes through your hands, not much sticks.
@TariqJohnson 2 ай бұрын
Interesting opinion. I think 800,000 franchise owners would say otherwise, but I'm sure there are plenty of owners not making the money they want just like any other business.
@arthurndu397 3 ай бұрын
I love the Precision garage
@TariqJohnson 2 ай бұрын
Nice. Want us to see if it’s available for ya? www.franchiseempire.com/checkterritory
@toddl.3454 3 ай бұрын
Hi. Any info on the profit? Gross sales can be misleading.
@TariqJohnson 3 ай бұрын
The data I reported was all that I had access to.
@Leverage_Labs 3 ай бұрын
I never thought franchising could be so profitable. I thought it was just flipping burgers or stuffin tacos.
@tiffanirenee1102 3 ай бұрын
I've see RNR in my city and my ex has used Express Staffing, this is wild 😂
@TariqJohnson 3 ай бұрын
Niiice!
@MM-vv8mt Ай бұрын
Archadeck and Precision Garage.
@kimjah758 2 күн бұрын
I wanted to own a Dutch brothers, but they no longer do franchises
@lanetteedwards9982 2 ай бұрын
Do you have the ability to negotiate royalties or franchise fees if you are one of the first few to start their franchise?
@TariqJohnson 2 ай бұрын
Not typically but doesn’t hurt to try. Sometimes you can negotiate a better territory, or other things though if the franchise is really new.
@liborolazarte7395 10 күн бұрын
Why is your brick design wallpaper not aligned properly? It made me focus on it...an obstruction .
@TariqJohnson 10 күн бұрын
😆 it drives me crazy. It’s 3 years old- time to replace. But progress over perfection is my motto 👌🏽
@Cookingwithkings Ай бұрын
Great video but the music makes it’s hard to listen to.
@joshuajohnson1508 2 ай бұрын
How strict are networth requirements?
@TariqJohnson 2 ай бұрын
Pretty strict I’ve found
@DrPeisner 2 ай бұрын
Pretty useless and misleading video. The graphic shows profit margin on the right side and that it is the one thing that is conspicuously missing from every franchise discussed. It doesn't matter how much you have in sales. The title to the video implies that these businesses make a lot of money, which usually means net profit and not gross sales. It is impossible to determine if this is true or not from the video. Besides a general intro to a few franchises with a good track record of gross sales, this video definately does not live up to it's own hype.
@TariqJohnson 2 ай бұрын
Appreciate the feedback... Here's a recent video I did diving deeper into profit margins of franchises that disclose it. kzfaq.infoUH5bA5R4SPg The intention of the video is to bring attention to franchising, and provide the entire level of insight that me and my team have on the data, reported. I'd love to see the profits too! But the access to the data we have on these businesses is on sales. Now, I hope that people start researching and doing due diligence to get the answers to the questions they are looking for. (Which I have a lot of videos on how to do that)
@donaldlyons17 2 ай бұрын
Don't know if he is being honest but I suspect the real intention of the video is to get views not bring attention to franchising... because he could have focused on net profits.... then problems and drawbacks he was aware of but instead he did as you described.... But making videos is not easy so I will hand him that though!!!
@juancamilogravinacoy6014 3 ай бұрын
This guy is the GOAT!!
@elizabethholloway6945 3 ай бұрын
He is. Amazing research.
@Losersz 3 ай бұрын
Monkey
@TariqJohnson 2 ай бұрын
Thanks Juan!
@TariqJohnson 2 ай бұрын
🐒
@nik_maksimov Ай бұрын
Operating income is an operating income. This is not net profit or margin. You won't “take home” this money lol
@lydellshepheard3369 Ай бұрын
Who has $5- $10,000 and upward just lying around??? Or the credit for a Loan!!! EXACTLY💯
@TariqJohnson Ай бұрын
If you don't have the discipline to have good credit, or to save money - then maybe owning a business isn't the right path for you? kzfaq.info/get/bejne/mKp8f916zb-moqc.html (How to Buy a Franchise with No Money)
@lydellshepheard3369 Ай бұрын
The main thing for the average person is… Start up Cash PERIOD!!
@TariqJohnson Ай бұрын
kzfaq.info/get/bejne/mKp8f916zb-moqc.html (How to Buy a Franchise with No Money)
@adamfrausto9495 Ай бұрын
Should have titled this video "Franchises"... not "Businesses"...
@tres-adames 2 ай бұрын
Only $40,000?? I’m on the wrong video.
@TariqJohnson 2 ай бұрын
🤷🏽♂️
@imagesolutions219 2 ай бұрын
Less than a couple of 100,000 grand 😢 you only need 40,000 😅 to get started
@TariqJohnson 2 ай бұрын
You'll get there. Here's a video I made on How to Buy One if you don't have money kzfaq.info/get/bejne/mKp8f916zb-moqc.html
@bakalakadka 2 ай бұрын
Sure franchise sounds nice to begin with but then u find out you can’t sell it in the end and ur fucked 😂
@TariqJohnson 2 ай бұрын
UMM… You can sell it. I sold both of mine, and literally help people buy resale franchises on a daily basis.
@bakalakadka 2 ай бұрын
@@TariqJohnson sounds like it too good to be true. I’ve seen to many franchise owners close up shop cause no one wanted to buy the business. And even if they did the deal was so shit that they might as well have closed up shop instead of wasting time building the business just to sell at low multiples.
@bkeith1998 Ай бұрын
It’s hard to trust anyone in the internet. The game is sold not told. Someone is always selling something. Guy selling books and video.
@ricosreport 2 ай бұрын
Five Star Bath Solutions
@TariqJohnson 2 ай бұрын
😍
@miyu545 Ай бұрын
Franchises are the worst ways to start a business.
@saints2551 2 ай бұрын
1996 n 2002 is not 20 years 😂
@TariqJohnson 2 ай бұрын
I'm lost, what part do I say that?
@EmpireOfRealEstate 3 ай бұрын
I do not like franchises.
@TariqJohnson 3 ай бұрын
Ok
@crashkorey 3 ай бұрын
Made me a multi millionaire in 3 different franchises
@TariqJohnson 3 ай бұрын
@@crashkoreywhat franchises? Shoot me an email. Always looking for solid podcast guests. Info@tariqjohnson.com
@thomasgriffith7364 2 ай бұрын
Why? They are not all the same. It’s just an agreement between the franchise and franchiser.
@EmpireOfRealEstate 2 ай бұрын
@@thomasgriffith7364 One compelling reason to refrain from buying a franchise is the lack of complete control over your business. When you invest in a franchise, you are bound by the franchise agreement and must adhere to the franchisor's rules, regulations, and operating procedures. This can limit your ability to make independent decisions and innovate within your business. Additionally, franchise fees, royalties, and other ongoing expenses can significantly impact your profitability, making it challenging to achieve the level of financial independence you may desire as a business owner.
@roilhead 2 ай бұрын
Way too much, fill in needless talk!
@TariqJohnson 2 ай бұрын
I’ll just make the next one only closed captions, I won’t talk at all. Better?
@roilhead 2 ай бұрын
@@TariqJohnson It's like this. People from the US live their fluffy fill in talk, most people outside of the US want it said faster with much less fluff. The longer the talking and the more fluff, the more that I feel that I'm getting ripped off. Just my thoughts, we live in a fast paced world...
@bkeith1998 Ай бұрын
Net revenue, gross revenue. Don’t tell me squat.
@Barabus-yx2cn Ай бұрын
Yeah of those millions of $ you list in GROSS SALES, what percentage of that goes into the Fran hose buyers pocket? I bet not much.
@TariqJohnson Ай бұрын
What basis do you have to make that bet? I find most people who make comments like that have no data, stats or relevant numbers to back up their statements. Here's a video I made that breaks down a couple of franchise businesses profit margins. kzfaq.info/get/bejne/nK6cq9R71cuqm3k.html