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Entrepreneurs on Fire
Top Non-Food Franchise Opportunities for 2024 with Jon Ostenson
Jan 8, 2024
23:14
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Jon Ostenson, a top 1% Franchise Broker and former Inc. 500 Franchise President, discusses top non-food franchise opportunities for 2024, challenges of business ownership, and finding the right franchise. He emphasizes the importance of stewardship and family legacy, mindset and talent in entrepreneurship, and the value of people in a business.
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Quick takeaways
- Focusing on stewardship and family legacy is often overlooked but crucial for success in franchising.
- Consider mindset, talent, and investment criteria when advising early-stage entrepreneurs in choosing a franchise opportunity.
Deep dives
Top Non-food Franchise Opportunities for 2024
The podcast episode discusses the top non-food franchise opportunities for 2024. The guest, John Austin-San, a top franchise broker and consultant, shares insights into various franchise options. He highlights the concrete paving and line striping business, which requires a minimal investment of around $200,000 and offers an average revenue of $750,000 with a 20% bottom-line margin. Another property services business mentioned is the temporary walls franchise, which has an average revenue of $2.5 million at a 40% bottom-line margin. Other franchises in the list include dumpsters, in-home senior care, youth soccer, and more, covering a range of industries. These opportunities offer varying investment amounts and attractive returns, making them appealing options for potential investors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode