Scott Abbott and J. Andrew Mengason Share Five Star’s Plans for Explosive Growth
Five Star Franchising is on a trajectory to be a dominant player in home services franchising. In fact, its executive team says that’s exactly the plan and it’s going to happen in the not-so-distant future.
Considering the fact that Five Star added six brands in the last nine months, it seems like the company is well on its way. And even though the umbrella franchisor seems to have come out of nowhere, Five Star’s history goes back to 2004 with Five Star Painting, a company that Scott Abbott, Five Star Franchising’s CEO co-founded and then sold to The Dwyer Group.
It’s safe to say that Abbott isn’t new to home services franchising and knows what it takes to succeed. He says it all starts with a commitment to franchisee success. “Making sure franchise owners are successful is a big deal to us,” says Abbott. “That’s what we’re all about. Our mission is to develop the world’s best franchise systems in the service industry.”
Five Star has a synergistic group of home services brands that leverage the growing, billion-dollar industry. “There’s so much opportunity in this sector with plenty of business to go around. Wherever there are homeowners, there’s business,” Abbott says.
The Appeal of Home Services Franchises
As part of a franchise, and especially one under an umbrella company like Five Star, home services business owners have a much greater chance for success. Franchise owners walk into a business with streamlined systems, leveraged buying power and established marketing systems. With the professional services they are able to offer, these franchises give the customer a great experience.
With Five Star, franchise owners benefit in other ways, too. They have more ways to scale than just by adding territories. They can invest in another of Five Star’s complementary brands and step right into the same familiar structure and systems.
Five Star’s brands cover 750 territories within the U.S. and Canada. They are backed by Princeton Equity Group, a private equity firm that acquires franchisors and multi-unit companies. “Princeton Equity Group will help us identify and acquire complementary franchises,” says
J. Andrew Mengason, Five Star’s chief growth officer. “We have no plans of slowing down. The sky is truly the limit.” In late March, Five Star acquired 1-800-Packouts as well as set up and debuted 1-800-Textiles, a complementary operation. These transactions marked the sixth and seventh acquisitions since Five Star Franchising began in June 2021.
Doug Kennealey, managing partner with Princeton Equity Group says that Five Star represents the best of franchising. “They have a superb management team, market-leading and category-creating brands, superior unit economics for franchisees, and a focus on customer and franchisee service. And all of this is supported by our lead gen and data capabilities with ProNexis,” he says.
Franchise Broker Relationships
Mengason says that the company’s growth plan includes working with IFPG franchise brokers. “We value our relationship and are looking forward to working together.”
Five Star Franchise Brands
Bio-One: A trusted leader in biohazard remediation.
Five Star Bath Solutions: A bathroom renovation service.
Gotcha Covered: A home design service specializing in custom window treatments, including blinds, draperies, shutters and more.
Mosquito Shield: A mosquito control and tick prevention service.
ProNexis: A solution-based service for connecting homeowners with service professionals.
1-800-PACKOUTS: A service that restores the contents of damaged homes, packs possessions and cleans homes, and transports possessions to its climate-controlled storage services and returns them once the restoration process is finished.
1-800-Textiles: A new textile care franchise opportunity.
For more information, visit www.fivestarfranchising.com or call J. Andrew Mengason at (801) 528-4561.