The “Best” Businesses to Buy In 2024 {Backed By Data}

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  • Опубліковано 16 лис 2024

КОМЕНТАРІ • 61

  • @TariqJohnson
    @TariqJohnson  Рік тому +1

    Find out which franchises are available in your area www.franchiseempire.com/checkterritory

    • @sasaglumac1794
      @sasaglumac1794 Рік тому

      I am familiar with crumble cookies. There is one 10 min from my home. I know about smashing my trash. I thought that dolly llama is interested, I went to the EU in London, and they have something similar. It was amazing. I'm still looking for the right fit for me.

  • @skoopqueen
    @skoopqueen 4 місяці тому +15

    I didn't become financially free until I was 40. As a US citizen, I got a home equity loan, which had a lower interest rate than other loans. By being patient and careful with my money, I reinvested my earnings and avoided making quick decisions. This approach helped me build my wealth, and I was able to buy my 3rd home and a new car. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today and change your future

    • @tw2800
      @tw2800 16 днів тому

      What are you talking about?

  • @janeho2808
    @janeho2808 2 дні тому

    My kid went kids strong. One month we quit. First they charges you through the roof, a sign up T shirt with a $1 plastic bottle is $50. And there is sign up fee. And the problem is it is very boring. It is indoors and every week every class they do the exact same trick. My son went there at 4 too. We quit in a month.

  • @Youube-o6v
    @Youube-o6v 8 днів тому +1

    The only downside is almost all of these buisnesses cost more than half a million in almost all the areas making it unaffordable to almost all of us except already rich or wealthy people, gotta be lucky soon to even be able to own these businesses soon enough.

  • @michaelsaunders3874
    @michaelsaunders3874 10 місяців тому +12

    Most crumbl owners are furious, trying to sell and complain of low to non existent margins. It's a hype brand not a sound business. As usual with most franchises they highlight their top 1% stores gross revenue. Open stores and sold territories do not mean profits for actual franchisees across the board.

    • @TariqJohnson
      @TariqJohnson  10 місяців тому +2

      Interesting on Crumbl.
      Franchisors can’t legally highlight their top 1% of stores sales, or at least without disclosing it in their public filings.
      Most franchises you can see their public Franchise Disclosure Document and see what sales all the owners are producing as a whole.

    • @nealms2001
      @nealms2001 2 місяці тому +2

      @@TariqJohnsonthat is true. But the devil is in the details. The franchise fees overhead etc. Those expenses are a killer to your bottom line

  • @Superdaveis100
    @Superdaveis100 58 хвилин тому

    Great content

  • @AMindInOverdrive
    @AMindInOverdrive 28 днів тому +1

    I was THIS | | close to ending the video with that MLM intro lol

  • @Shellybelly377
    @Shellybelly377 5 місяців тому

    I’m looking at buying several locations. They are very profitable.

  • @PlanetMarsvideos
    @PlanetMarsvideos 6 місяців тому +1

    So it seems pretty straightforward to buying a franchise, and they all seem pretty profitable. So what's the hard part, or the "catch" to getting one?

    • @PlanetMarsvideos
      @PlanetMarsvideos 6 місяців тому

      Also what is the difference in the price of the franchise and the "franchise fee?" Is the fee the total cost of the franchise or is that an additional cost?

    • @TariqJohnson
      @TariqJohnson  6 місяців тому

      The catch is they are NOT all profitable. Gotta find the right ones.
      Franchisee fee is the upfront fee to to get access to their system. Total cost including a hiring, construction, permits, licenses, marketing, equipment, etc.

  • @reefman10
    @reefman10 2 місяці тому +2

    I'm sorry but I had to shut this off when he said franchising has been around since 1981

  • @Boostinfit
    @Boostinfit 7 місяців тому +2

    I have a jet ski rental company I am personally looking to franchise into Arizona and Florida. Given that my business is seasonal now in North Idaho. What franchise would be best to start in the winter? I am 17 and have about 80,000 in cash to start.

    • @Boostinfit
      @Boostinfit 7 місяців тому

      I have thought a lot about pediatrics given my mom is a pediatrician and medical director. But I have also been looking into homecare services such as snow removal, landscaping, etc.

    • @TariqJohnson
      @TariqJohnson  6 місяців тому

      Interesting. There’s a bunch. Reach out to us and we can help see what’s available in your market.
      www.franchiseempire.com/checkterritory

    • @simonsara4031
      @simonsara4031 Місяць тому

      Im in south florida I would talk further in regards to the jetskis

  • @Dr.BBaniya
    @Dr.BBaniya 3 місяці тому

    Can you please do a video on The Joint Chiropractor please?

  • @mekrobar7872
    @mekrobar7872 10 місяців тому +2

    I've got a nice chunk of money and a great income. Always looking for somewhere to park my capitol some my money can make money. Curious about something like mail boxes etc or postal annex. Any idea if these are money makers? Thank you.

    • @TariqJohnson
      @TariqJohnson  10 місяців тому +2

      In my experience they don’t have high enough average sales overall. Many owners are owner operators because their simply isn’t enough money in it to hire the labor they need.
      If you’re purely looking for a place to park money, franchising is not the place for that. The first 1-2 years you’ll need to put some solid work in.

    • @mekrobar7872
      @mekrobar7872 10 місяців тому

      @TariqJohnson makes sense. I work a lot of hours at my business and really wouldn't have time to personally work at a new company. I also been looking into real estate or private money lending. Thank you for the advice.

    • @MarketingStrategies28
      @MarketingStrategies28 6 місяців тому

      ​​@@mekrobar7872I think a great business would be a badminton center.
      All bookings automated.
      One staff.
      Many upsells.
      I invest in fractions on realestate 18% no work needed

  • @Vince1979Gator
    @Vince1979Gator 3 місяці тому

    I have a flooring business in Texas. I have been in business 8 years. i do between 2.8mm and 3.4mm. I'm running into cashflow issues. Perhaps interested in offering shares for financial assistance. How do i get from point A to point B? I've never used other peoples money for my venture before. Anyone interested?

  • @chrisstinson5658
    @chrisstinson5658 11 місяців тому +2

    Is it possible to get a loan to open a franchise or is it not a smart idea.

    • @TariqJohnson
      @TariqJohnson  11 місяців тому +1

      For sure, that’s what most people do. Here’s a video I made recently on how to get funding for franchises ua-cam.com/video/VQhnGLuHDTs/v-deo.htmlsi=I-TFniGX922jLqR0

  • @swethar06
    @swethar06 9 місяців тому

    @TarigJohnson can you suggest good franchises that are open in the Florida market.

    • @TariqJohnson
      @TariqJohnson  9 місяців тому

      For sure. www.franchiseempire.com/checkterritory

  • @Paul-s6e8i
    @Paul-s6e8i 5 місяців тому

    Thanks for the info, Smash My Trash is intriguing.

    • @texasowl5356
      @texasowl5356 2 місяці тому

      They are horrible. 30% of the market contractually doesn’t allow them in their dumpster. That’s about to roll over 40%. It’s not your asset, you are renting it.

  • @sasaglumac1794
    @sasaglumac1794 Рік тому

    What do you think about Dolly Llama ? Thank you!

    • @TariqJohnson
      @TariqJohnson  Рік тому +2

      Never heard of it, but food is low profit margins, high start up costs. Given I’ve owned food concepts, I’m not a fan.

  • @greenwichmusic6771
    @greenwichmusic6771 9 місяців тому

    Are the crumble profits net or gross profits?

    • @TariqJohnson
      @TariqJohnson  8 місяців тому

      Net

    • @MC-zj5rv
      @MC-zj5rv 8 місяців тому +1

      Doesn’t matter… all SOLD OUT like you said. Then why even show us that one

    • @praveensg
      @praveensg 5 місяців тому +2

      The cookies will crumble soon. It's a trend.

    • @Shellybelly377
      @Shellybelly377 5 місяців тому

      What about an already opened Crumbl?

  • @MC-zj5rv
    @MC-zj5rv 8 місяців тому +2

    Hahahahahahaha. Ok… You also say “Backed By Data” then proceed on your second “Best” Business to Buy explain that Kidstrong “did not disclose any sales information.” You’re killing me here.

    • @TariqJohnson
      @TariqJohnson  8 місяців тому +1

      Who else made a video telling you these things? Focus on the positive dude. Why complain about what you didn’t get?

    • @MC-zj5rv
      @MC-zj5rv 8 місяців тому +2

      @@TariqJohnson Hard to hear these straightforward truths but you’ll do better on your next video now I’m sure. You don’t want the guilt of wasting anyone else’s time like you did on this one.

  • @Imanmohamed750
    @Imanmohamed750 9 місяців тому

    What so the best franchise to open in the Middle East?

    • @TariqJohnson
      @TariqJohnson  9 місяців тому

      I have no idea. I live in the US

  • @MC-zj5rv
    @MC-zj5rv 8 місяців тому

    Why the heck would you title this Businesses to Buy and then tell us Crumbl cookie was all sold out…?

    • @TariqJohnson
      @TariqJohnson  8 місяців тому +5

      Why are your comments so aggressive? Relax dude. There are plenty of existing crumbles for sale, and my intention is to educate and entertain. Go take your negativity somewhere else.

  • @JJohns-b1j
    @JJohns-b1j 10 місяців тому

    I think you mean 1891, not 1981 :)

    • @TariqJohnson
      @TariqJohnson  10 місяців тому

      Ah, it’s highly possible. 😬 Which part did I say that?

    • @JJohns-b1j
      @JJohns-b1j 10 місяців тому

      @@TariqJohnson :56 seconds in.

    • @TariqJohnson
      @TariqJohnson  10 місяців тому

      Oh dang, good catch!!

  • @ColbyONE
    @ColbyONE 8 місяців тому +1

    Let me guess. Your next video will be entitled “How to get rich by opening a Blockbuster franchise,” only to tell us that unfortunately, they are no longer in business.

    • @TariqJohnson
      @TariqJohnson  8 місяців тому

      Good one?

    • @ColbyONE
      @ColbyONE 8 місяців тому +1

      @@TariqJohnson Just explain to me how you entitle your video “The Best Businesses to Buy in 2024 Backed By Data” when one of those businesses you can’t get into and one of them YOU HAVE NO DATA!!!!!!!!

  • @RayZde
    @RayZde 7 місяців тому +1

    Like if you've done an MLM, like me.

    • @TariqJohnson
      @TariqJohnson  6 місяців тому

      I’ve done a few in my day.

  • @wewashmilitarygradestreams8314
    @wewashmilitarygradestreams8314 8 днів тому

    I almost clicked off lol mlm

  • @dudefromca
    @dudefromca 9 місяців тому

    So you're saying that...your kid is above average?? XD

  • @kindafast6499
    @kindafast6499 6 місяців тому +1

    Crumbl is garbage. Shit product and it is a fad. It’ll go away just like froyo. Corporate grew too big too fast and cant support their franchisees with supply chain, software, etc. Their FDD isn’t accurate at all. Yes, I know an owner of one. Yes, I have 3 stores.