If you’re an investor looking to obtain an E2 Visa and relocate to the United States, investing in a franchise in Florida can be a strategic option. In a recent video, Patrick Findaro, our very own cofounder of Visa Franchise, breaks down a variety of franchise opportunities currently available in Florida, priced between $75,000 and $250,000. Patrick provides valuable insights into these Businesses for Sale in Florida, exploring the potential risks and rewards of each option.

This article will give you an in-depth look at some of the key franchises for sale, highlight what to watch out for, and provide guidance on making an informed decision.

Why Invest in a Franchise for an E2 Visa?

The E2 Visa is a non-immigrant visa that allows individuals from treaty countries to invest in and operate a business in the United States. Investing in a franchise is a popular pathway because franchises offer proven business models, established brand recognition, and support systems for investors who may be new to the U.S. market.

However, not all franchises are created equal. The success of your E2 Visa application and your business hinges on choosing the right investment opportunity. Patrick emphasizes the importance of doing thorough due diligence before committing to a franchise, as some investments may have hidden financial risks or liabilities.

Key Franchise Opportunities in Florida: A Breakdown

In this detailed analysis, Patrick reviews multiple franchises across various industries. Below, we’ve highlighted some of the standout opportunities, along with Patrick’s insights on each one.

1. Children’s Hair Salon – $75,000

This business might seem appealing due to the low price point, but Patrick warns about the lack of financial transparency. He states:

“They don’t share anything about how much money the business is making… it’s probably losing some money, whether it’s $10K or $40K a year.”

Investors should be wary of Businesses for Sale in Florida where the financials are unclear or nonexistent. In many cases, it may be better to start your own business rather than inherit someone else’s liabilities.

2. Handyman Services Franchise – $75,000

This franchise offers potential, but it comes with projected earnings rather than historical data. Patrick explains:

“All these financials are reflecting the seller’s projection for the second and third year of operation.”

This means the earnings are based on optimistic forecasts rather than actual performance. If you are willing to be a hands-on owner-operator, this might be an opportunity, but due diligence is critical.

3. Mexican Food Restaurant – $325,000

For those with restaurant experience, this business could be an option, but it’s essentially like buying yourself a job. Patrick points out:

“You’d probably want to see how you can turn around that business and maybe if you already have deep restaurant experience, and you’re on a really tight budget, that could be something to look at.”

If you can improve the business operations and boost profitability, this investment could pay off.

4. Sign Business – $100,000

This franchise shows a positive financial trend. According to Patrick:

“Owner making $60,000 from it… and there’s a good upward trajectory.”

This is a solid option for investors looking for a service-based business with steady income and growth potential.

5. Fantastic Sams – High Risk

Patrick advises caution when considering this franchise, noting:

“It has one of the highest default rates on SBA Loans… it’s a dying system.”

Investing in a franchise system with high failure rates and declining locations can be a risky proposition. It’s essential to look for franchises with growth potential and strong support systems.

6. Medical Stretching Business – $300,000 in sales

This business is currently losing money, which could be a red flag. Patrick advises investors to dig deeper:

“Is this scale-up period general where after a year you’re losing $1,000, or is something going on with that location?”

If the issue is location-specific or related to the current owner, there might be an opportunity to turn the business around.

7. GNC Franchise – $100,000

While GNC is a recognized brand, Patrick highlights the challenges of competing with online retailers like Amazon:

“They’re getting killed right now by Amazon, and the numbers show where they’re closing.”

Investors should consider the long-term viability of any retail franchise, especially those affected by online competition.

8. Pack-and-Ship Business – $130,000

Pack-and-ship businesses can be simple to operate, but the financials may not always be favorable. Patrick explains:

“$130,000 you’re paying, you’re making $10,000. You can’t live off that in the United States.”

Location is critical for these types of Businesses for Sale in Florida, and not all franchise systems are equally successful.

Key Considerations for E2 Visa Investors

1. Financial Transparency

Before investing, ensure the seller provides clear and accurate financial records. As Patrick advises:

“It’s more helpful to have the actual historics if any exist.”

2. Franchise System Health

Choose a franchise system that is growing and thriving, rather than one that is declining. Patrick warns against investing in failing systems like Fantastic Sams and GNC, stating:

“Do you want to be buying a business that in five years… half the guys you were talking to… have closed down?”

3. Lease Agreements and Liabilities

Understand the terms of any lease agreements. Patrick highlights the risks of signing a long-term lease:

“You’re signing a lease… generally, you are personally liable for those lease payments.”

4. Owner Involvement

Clarify what “semi-absentee” really means. Patrick explains:

“Working generally 5 hours a week, 10 hours a week, 20 hours a week… you’ve got to dig into it.”

5. Long-Term Viability

Think about where the business will be in 3 to 5 years. Patrick asks:

“What are the projections? Could you sell it for $80,000, $100,000? Or could you not even sell it?”

How Visa Franchise Can Help

At Visa Franchise, we specialize in guiding international investors through the process of securing an E2 Visa by investing in franchises across the United States. Our experienced team conducts extensive research to identify franchise opportunities that align with your goals, budget, and experience, ensuring you make informed investment decisions. We evaluate critical factors like financial health, franchise system viability, and location potential to minimize risk and maximize success.

In addition to franchise selection, we provide comprehensive support services, including business incorporation, obtaining tax IDs, and setting up business bank accounts. We also collaborate with trusted immigration attorneys to streamline the visa application process. From due diligence to post-investment guidance, Visa Franchise offers the expertise and resources you need to confidently invest in a business and start your new life in the United States.

Conclusion

Investing in a franchise is a strategic way to obtain an E2 Visa, but it requires careful consideration and thorough due diligence. As Patrick Findaro, our cofounder of Visa Franchise, highlights, it’s essential to understand the financials, the health of the franchise system, and the long-term potential of the business.

By doing your homework and working with trusted experts, you can make a successful investment and start your new life in the United States.