Our entrepreneurship mission is to transform families for generations...
Our entrepreneurship mission is to transform families for generations by helping 100,000 people take back control of their life, by going from Employee to Entrepreneur and becoming an Unstoppable Franchisee or business owner.
Our strategy includes teaching Black people how to use a holistic approach to business financing. We help you understand & improve over 125 Fundability Factors, establish, and use your business credit to acquire successful white, Asian, and Latino owned businesses, or buy franchises with ease and clarity so you can get profitable ASAP and avoid costly mistakes.
Very few people have the natural ability or expertise to be efficient at all aspects of running a successful business. That is where the franchisor’s experience comes into play. The franchise model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. Though each business is independently owned and managed, all franchisees share in the collaborative benefits of the organization through the support and oversight of the franchisor.
Business growth through acquisition isn’t just for mega corporations. Small businesses can also buy other businesses to fuel their growth. Business acquisition — in its basic form — has long been a viable and effective strategy for small business growth. To acquire a business simply means buying a business for the purpose of growing the business you currently own.
WHY BUYING AN EXISTING BUSINESS IS THE PATH TO FINANCIAL FREEDOM
IMMEDIATE CASH FLOW: With a properly structured acquisition, the business revenue will enable you to cover the cost of the loan, draw a salary and have enough money to invest in growing the business further. This scenario is a stark contrast to starting a business from scratch with no immediate revenue.
HIGH CHANCE OF SURVIVAL: Only 30% of small businesses will survive their 10th year in business. Buying a 10+ year old business assures you that you have a strong foundation to continue building on. We can help entrepreneurs find these mature and stable businesses.
FINANCING: Financing the purchase of an existing business can be easier than raising money for a startup. The bank can see historical performance and not just rely on pro forma financials or projections.
TRAINED EMPLOYEES: One of the hardest parts about running a business is building a team. The work of finding, hiring, and training new employees has already been done, and you can use this as a springboard for future growth.
BRAND RECOGNITION: There is a significant advantage when the business you’re looking to purchase is already established within its trade sector and known throughout the community. Leveraging existing reviews/testimonials, marketing campaigns, and third-party relationships gives you a strong foundation to build on.
TRAINING AND TRANSITION: Sellers can be invaluable in helping you transition into the business, offering guidance ranging from specific training, introduction to key clients and suppliers, supplying an employment contract for future services, and in many cases, seller financing for the business purchase. My strategy has been to keep the seller and management in the business.
BUILD WEALTH WITH A FRANCHISE
Franchising is designed to make business ownership more accessible because the initial investment of time, money, and effort are generally less than starting a business from scratch. However, franchising isn’t for everyone. Some entrepreneurs don’t like the structure that a franchise provides, while others thrive because of it. The decision to become a franchise or an independent business owner all on your own is a personal one. The WOW Movement provides the information to make the right move for your professional and personal goals.
Because of our focus on homeownership, we target brands in the home services industry, including HVAC, plumbing, glass repair and replacement, appliance repair, landscaping, restoration, painting, electrical repair, landscaping and lawn care, handyman services, and residential cleaning.
Overall, The WOW Movement provides entrepreneurs access to over 750 franchise brands with a focus on lower investment franchises that are in the emerging market space. We focus on these franchises because they are more affordable, there are less territory restrictions and more territory availability for those that are just starting in the space. And finally, these brands are good rivals to the empire brands that dominate the market. Most of these franchises cost of acquisition are less than $150K and some are under $100K. Available brands are Cold Stone Creamery, Teriyaki Madness, Meineke, Amaco, Blimpie sandwich shop, Orange Theory and many more…
We’re about to witness the greatest generational transfer of wealth in history. Ten thousand baby boomers are retiring every day, sixteen million business owners will be at or above retirement age in the next 10 years, and over 3 million of those businesses are employer firms that represent trillions of dollars of potential acquisition candidates. Also, 25 million jobs are on the line since most of these businesses simply have no succession plan. And to help solve this problem the Small Business Administration (SBA) has begun using federal funds to help transition these businesses to new owners.
In 2021, the SBA funded nearly $45B through traditional loans. Most of which were used for business acquisition.
SBA Loans in 2021:
- $36.5 billion in 7(a) loans
- $8.2billiin in 504 loans
- $71.8 million in microloan funding
Terms on these SBA loans are incredibly appealing making acquisition entrepreneurship one of the best investment opportunities in existence in the USA for Black entrepreneurs.
- You can borrow up to 5 million dollars with up to 90% leverage.
- You can borrow up to $5M (more when there’s also real estate involved)
- Up to 90% leverage
- 10-year amortizations
Throughout our nation’s history we have celebrated entrepreneurship as a key to unlocking economic and technological advancement, seeing ourselves as a country of innovators, discoverers, and inventors.