Feb 21 2024
Episode 17: Josh Titler: National Franchise Recruiter with Belfor Franchise Group
SummaryIn this episode of the Franchise QB Podcast, host Mike Halpern interviews Josh Titler, National Franchise Recruiter with Belfor Franchise Group, about Blue Kangaroo Packoutz, a brand under the BFG umbrella. They discuss the background of Josh's franchising journey and how he got involved with Blue Kangaroo Packoutz. They also explore the services provided by BKP, such as contents restoration, and the demand for these services. Josh shares the history and growth of BKP, including its transition from O'Donnell Brothers to its current form. He also highlights the training and support provided to franchisees, the cost and performance of the business, and the ideal franchise owner profile. The episode concludes with a discussion on territories, ownership types, warehouse space, and equipment financing.TakeawaysBlue Kangaroo Packoutz is a brand under the Belfor Franchise Group umbrella, which is the world's largest property restoration company.Contents restoration is a key service provided by BKP, focusing on restoring and cleaning the contents of a property after a disaster.Blue Kangaroo Packoutz has experienced significant growth, with over 100 territories open and plans to expand further.Franchisees of BKP benefit from comprehensive training and support, including technical training, business development training, and ongoing improvement.The cost to open a Blue Kangaroo Packoutz franchise ranges from $223,000 to $432,000, with financing options available.BKP offers both active and executive ownership options, allowing franchisees to be actively involved in the business or have a more hands-off approach.Territories for Blue Kangaroo Packoutz are based on population, with an average territory size of 1 million people.BKP provides equipment financing options through a third-party relationship.There are still opportunities for expansion in key markets, and Blue Kangaroo Packoutz is actively seeking franchisees in those areas.Chapters00:00Introduction and Background in Franchising03:03Belfor Franchise Group and Blue Kangaroo Packoutz08:13Investing in Blue Kangaroo Packoutz09:06Understanding Contents Restoration12:01Services Provided by Blue Kangaroo Packoutz14:48History and Growth of Blue Kangaroo Packoutz16:12Demand and Referral Sources19:33Training and Support for Franchisees20:58Cost and Performance of Blue Kangaroo Packoutz24:16Territories and Ownership Types28:30Warehouse Space and Equipment Financing30:50Opportunities for Expansion31:44ConclusionFree Resource for Franchise QB Listeners:The Franchise QB Playbook will guide you through the process of finding your perfect franchise fit. https://docs.google.com/document/d/1XlbD8oyl3uyeiqaM73poH67BX1jRRyCGR7l7qB-3Nz0/edit?usp=sharing. Also, you can view the Franchise QB podcast at www.youtube.com/@franchiseqb. Contact me and my team with any questions along the way. www.calendly.com/franchiseguyMike Halpern, CAFCmike@franchiseqb.com