Considering A Painting Business Franchise in Apache Junction?

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Painting Franchise - PaintingBusinessAcademy.com ##generated-article-tags##

Should You Buy a Painting Business Franchise in Apache Junction ?

Don't Buy a Painting Business Franchise in Apache Junction

• An Important Note About Our Methodology
• Learn About Our Process
• Our Story
• Why Franchise
• The Process
• Your Investment
• Problem 1 The REAL Cost of a Painting Business Franchise in Apache Junction
• Problem 2 How Franchises Screw Your Ability to Grow Your Business
• Problems 3 Do They Really Care About What You Care About
• Problem 4 You re Buying a Job Not a Business
• With All These Problems Why do People do It
• So what now
• Understanding the Ranking
• Our Purpose
• Opportunity Guide
• Home Services Franchise Industry
• Top Painting News
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• News By Industry
• About
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• Training
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• Full Support Complete Control

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• Learn How a $1,000,000 Painting Business Works
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• The franchise fee for a territory with a population of between 175,000 and 200,000 is $44,900. If the population of your territory exceeds 200,000, you must pay an additional $500 for each 1,000-population unit (or any portion of a 1,000-population unit) in excess of 200,000.

• For example, for a territory with a population of 201,135, the total franchise fee would be $45,900 .

• The initial franchise fee is fully earned and non-refundable upon receipt.

• During the first 24 months after you purchase your first franchise, you may be eligible for a 10% discount on the then-current initial franchise fee for each additional franchise that you purchase. To be eligible for this discount, you must pay the entire franchise fee at the time you sign the Franchise Agreement for the initial franchise and for each additional franchise.

• Fresh Coat is a member of the International Franchise Association and participates in the IFA’s Veterans Transition Franchise Initiative (“VetFran Program”), which encourages franchise ownership by offering financial incentives to honorably discharged veterans of the U.S. Armed Forces. Fresh Coat offers a $2,000 discount on the initial franchise fee to veterans who meet Fresh Coat’s requirements and those of the VetFran program.

2.  Deposit:  $5,000

• You can reserve a specific territory for up to 30 days by paying a $5,000 deposit and sending Fresh Coat a signed Deposit Remittance Form. The deposit is fully earned and non-refundable upon Fresh Coat’s receipt, in consideration of its reservation and removal from the market of your territory for 30 days, and will be applied toward your initial franchise fee.

3.  Website Fee:  $95

• You must pay an initial Website Fee of $95 to cover the cost and maintenance of website(s) you will use in the operation of the business.

4.  Right of First Refusal:  $3,000

• Your Franchise Agreement does not give you any option, right of first refusal, or similar right to acquire additional franchises, but you may purchase a right of first refusal to purchase an additional franchise territory. The price for a right of first refusal is $3,000, which would be credited toward the initial franchise fee if you exercise the right of first refusal.

• A right of first refusal would give you the right to purchase a specific territory first if another prospective purchaser shows an interest in purchasing the territory within 1 year after you purchase the right of first refusal.

• You would have 7 calendar days after notice by Fresh Coat to exercise the right. Fresh Coat must receive the entire balance of the then-current initial franchise fee for the territory by the seventh day after you receive the notice.

• A right of first refusal lasts for 1 year.

5.  Royalty Fee:  6% of Gross Revenues; $300 monthly minimum

• Due Date:  Payable by the fifth day of each month.

• Paid on Gross Revenues for preceding month ending on Friday.

6.  National Branding Fund:  2% of Gross Revenues; $350 monthly minimum

• Due Date:  Payable by the fifth day of each month.

7.  Local Cooperative Advertising:  up to 3% of your Gross Revenues unless a majority of the cooperative members agree on a higher contribution

• Due Date:  Monthly.

• If an advertising cooperative is established or operating in your area, you must contribute.

8.  Transfer Fee:  the greater of either $10,000 or 3% of the purchase price, plus legal and administrative costs

• Due Date:  Prior to consummation of transfer.

• Payable when you sell your franchise; no Transfer Fee is payable for transfers to a company you form for the convenience of ownership.

9.  Lead Referral Fee:  $10,000

• Due Date:  Upon a transfer of your franchise to a buyer who was already listed in Fresh Coat’s sales database at the time you and the buyer began discussing a sale.

• Intended to partially reimburse Fresh Coat for its costs in developing leads who then purchase from existing owners.

10.  Formation of Business Entity:  variable

• Due Date:  Within 90 days after signing the Franchise Agreement.

• If you sign the Franchise Agreement individually, then you must form a business entity (such as a corporation) and assign your individual rights in the franchise to the business entity.

11.  Grand Opening Promotion:  $3,000 to $4,000

• Due Date:  1-2 months before opening.

• Before opening, you must spend at least $3,000, as directed by Fresh Coat, on a grand opening promotion.

12.  Electronic Copies of Marketing Materials:  variable

• Due Date:  Upon order by you.

• Should you request electronic copies of marketing materials, you will need to reimburse the national branding fund for its costs in creating the materials.

13.  Technology/Software License Fee:  $95

• Due Date:  Monthly.

• You must pay a fee for technology/proprietary software that Fresh Coat licenses or makes available to you for use in the operation of the business.

14.  Website Fee:  $95

• Due Date:  Monthly.

• You must pay a fee to cover the cost and maintenance of website(s) and web hosting services Fresh Coat makes available for your use in the business.

15.  Franchisee Meetings:  $350 per person

• Due Date:  Prior to attending meeting.

• Fresh Coat may hold regional and/or national meetings with its support personnel and franchisees.

16.  Late Fee:  greater of $100 or 10% of royalty or branding fee; $50 for ACH payments returned for insufficient funds; $100 for late sales reports or other business records

• Due Date:  On demand.

• You must pay a late fee on any payment or sales report that Fresh Coat receives more than 5 days late.

17.  Interest:  18%

• Due Date:  On demand.

• In addition to the late fee above, any payments more than 30 days late accrue interest at the rate of 18% per year.

18.  Audit Fee:  cost of audit, plus 18% interest on underpayment

• Due Date:  On demand.

• Payable only if audit is prompted by your failure to maintain or submit records or audit shows an understatement of Gross Revenues of at least 3% for any week.

19.  Territory Amendment Fee:  $1,500

• Due Date:  Prior to amending territory.

• If Fresh Coat allows you to amend your franchise territory, you must pay a fee to compensate it for its costs.

20.  Sales/Use Taxes:  variable

• Due Date:  Payable with your royalty or national branding fee payments.

• You must pay any state or local sales or use tax that may be assessed on the royalties, advertising fees, or other fees you pay to Fresh Coat.

21.  Reimbursements:  amount of expense advanced, plus 18% interest

• Due Date:  On demand.

• You must reimburse Fresh Coat if it pays your expenses if you fail to so do, such as rent, taxes, customer refunds, or other liabilities.

22.  Legal Expenses:  amount of expense advanced, plus 18% interest

• Due Date:  On demand.

• You must pay any legal expenses Fresh Coat incurs, including attorney fees, to enforce your Franchise Agreement.

23.  Mapping Software Updates:  $200

• Due Date:  On demand.

• Fresh Coat may, from time-to-time, need to update its internal map-keeping software to reflect demographic and population changes in your territory; if Fresh Coat does so, it may charge you a reasonable fee, not to exceed $200, to compensate it for its costs.

24.  Indemnification:  amount of expense advanced, plus 18% interest

• Due Date:  On demand.

• You must reimburse Fresh Coat fully if it is held liable for claims arising from your business.

WHY YOU OUGHT TO NOT BUY A Painting Business Franchise in Apache Junction

If you are considering purchasing a painting franchise, stop right currently.
I'm mosting likely to break down the fundamental troubles with getting a paint franchise, and the alternative choices you have to begin a painting company.

This is based upon my experience expanding a successful painting service where we took into consideration ending up being a franchise however opted for a collaboration configuration instead. I hear the struggles of franchisee's regularly, and also I feel for them.



Painting Business Franchise in Apache Junction FAQs
How much does it cost to open your own franchise?

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Are painting companies profitable?

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How much is a Five Star Painting Franchise?

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Is painting a good business to start?

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How much do painters make?

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How much money can you make owning a painting business?

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How can I start a painting business with no money?

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Is painting a good trade?

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Is a Painting Business Franchise in Apache Junction a good investment?

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Is it hard to start a painting business?

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How can I promote my painting business?

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How do I market my painting business?

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What are the disadvantages of a Painting Business Franchise in Apache Junction ?

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Is it better to start a painting business or buy a Painting Business Franchise in Apache Junction ?

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BR> I do not desire you to wind up in the very same position that many franchisees locate themselves in.
There is a much better way! We will start with the issues of a franchise business, after that we'll get into options.

PROBLEM # 1: THE REAL COST OF A PAINTING FRANCHISE
CertaPro Painters, Five Star Painting, 360 Painting, and also WOW-1-Day Painting are a few of the bigger franchises out there.
These franchise business range from $10,000-$ 40,000 in franchise business costs just for the right to the franchise business in a restricted number of zip codes where you can operate your franchise business.
They additionally take 6-9% as an recurring royalty ... permanently.
If you are in service for 10 years as well as you produce $5,000,000 in earnings, this franchise business winds up costing you upwards of $500,000. That's a high price to pay.
As well as naturally you get some assistance and also company systems, yet everything that a franchise supplies can be gotten with various other opportunities for much less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you get a Painting Business Franchise in Apache Junction you are getting the legal rights to that company in a set area. You are designated a little number of postal code where you have the rights to the business.
This is a HUGE issue. The easiest way to grow and also expand a painting business is by increasing geographically. Franchises take away this.
Painter Choice is our advertising business. We function with franchisees all over the country. I constantly really feel awful for these service owners due to the fact that they have such a hard time generating organisation.
A regular company in Atlanta, for instance, can use our lead solution in North Atlanta to create 20-30 leads monthly.
A franchisee in North Atlanta that only has the civil liberties to 7-8 zip codes can just produce 5-7 leads per month from our lead service.
To put it simply, if those franchisees had their own company, they could immediately enhance their company 3-5 times! In other terms, that implies an boost from $500,000 to $2,000,000. This is a substantial restriction on your potential service development.
As a franchisee, your only alternative is to acquire even more region, or such it up and also keep your organisation tiny.
If a person else currently has the nearby region, you don't have that choice.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and also the franchisor have misaligned incentives. The franchisor wishes to generate as much earnings as possible because they obtain paid a set percent of earnings.
However as the organisation owner, your goal is to make the most of profit.
I'm a large follower in lining up motivations, and also in this situation, rewards are not lined up. They are playing a various video game than you are. They want to take full advantage of revenue in all of their territories, as well as sell as many franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a job. Let me show you why.
As a result of nobilities, your margins wind up being around 10% -12% besides overhead.
In order to make $100k/year you 'd need to have a $1,000,000 organisation.
Yet you can not have a $1,000,000 service in the tiny region. And also even if you can, you're stuck at a maximum of $100,000 for yourself. You're paying $70k-$ 100k/year in aristocracies wherefore?
That's a ludicrous quantity of cash to pay your franchise business ... the very same business that has an arrangement that they hold over your head not permitting you to expand your service geographically.
They've got you by the rounds.
Or, you can buy an additional territory to grow. Once more ... I 'd rather not have to pay for the right to expand my service. That's silly.
Many franchise business wind up in the $500,000-$ 600,000 range. You can most likely make $80,000-$ 110,000, sure. You likewise don't ever have sufficient margin to employ various other people to run the entire business, which is one of the biggest benefits to constructing a firm.
You most likely aren't generating sufficient earnings to also hire really strong workers. In our business, we pay about 5-6% to our production manager that manages $1,000,000 in production. That's $50,000-$ 60,000 each year for the manager. If you are just doing $500,000 a year in income, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is not enough cash for a strong employee.
Your alternatives are to pay a higher portion ( eliminating your earnings margin), or get the job done on your own ( eliminating your lifestyle). Both of which are not very appealing alternatives.
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IN SUMMARY:
You pay a great deal of money to restrict your growth, you don't obtain to build your own point, and if you wish to grow geographically you require to pay for the rights to do so ... presuming nobody else already owns the rights to the region you are shopping.
As a result of your limitations, as well as the high royalty charge, you are significantly limited in your ability to grow your revenue, construct a solid team, as well as construct a large organisation.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong business plan
# 2-- They do it for the support as well as training given by the franchise
# 3-- They do it for the community of various other franchisees so they aren't alone
# 4-- They do it out of concern of failure
Currently, let's consider services. Just how can you get all the advantages without paying the high cost of a franchise business?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the expense of a franchise business, you can purchase my organisation system. This is the specific company system we utilize and adhere to in our business, which did over $3,000,000 in revenue in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My training course includes training and support. When you get started with Painting Business Academy, you get accessibility to the whole service system and also all of the training that goes along with that system.

BENEFIT # 3: THEY DO IT FOR THE COMMUNITY SO THEY AREN'T ALONE
When you join Painting Business Academy, you additionally join our private members-only Facebook group. We have loads of inquiries asked everyday from our members.
Our area is extremely engaged as well as energetic.
Individuals in our community also share their successes. Simply the various other day a person shared a Facebook advertising strategy, word for word, that's eliminating it for their organisation.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more cash does not eliminate the worry of failing. With Painting Business Academy, you can get access to a strong company plan, organisation training, and all of the done-for-you forms and systems that are confirmed to construct a million-dollar paint business.
You also obtain access to the incredible area of like-minded entrepreneurs doing the very same thing as you that we spoke about earlier. While you do pay 1/10th of the cost in advance (on the high-end), you have NO nobilities to pay afterwards.
The chance of failure coincides whether you are in a franchise business or running your own service. When you acquire a franchise business, you are taking a bigger risk, meaning there's a larger failing if you do fail.

WHAT NOW?
Prior to you purchase a franchise and toss hundreds of dollars down the toilet for a tried and tested system, you could intend to take a look at Painting Business Academy.
Painting Business Academy is additionally a proven system to build a million-dollar painting business, with a community of thousands of others. Furthermore, there is no continuous aristocracy, as well as no geographical restrictions to growth.
Obtain every one of the benefits of a Painting Business Franchise in Apache Junction for a portion of the rate. Examine the training course out here and also call me if you have any type of concerns.
The painting business is a wonderful service to be in! I hope you'll be a component of it soon.
Best of luck!

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You don't necessarily need a college degree, a bunch of money in the bank or even painting business experience to start something that could become the next major success. However, you do need a strong plan and the drive to see it through.
If you're here, odds are you already have the drive, but you might not know how to start building your painting empire.
That why we are here.
1. Evaluate yourself.
Let's start with the most basic question: Why do you want to start a painting business? Use this question to guide what kind of painting business you want to start. If you want extra money, maybe you should start a side hustle. If you want more freedom, maybe it's time to leave your 9-to-5 job and start something new.
Once you have the reason, start asking yourself even more questions to help you figure out the type of painting business you should start, and if you have what it takes.
What skills do you have?
Where does your passion lie?
Where is your area of expertise?
How much can you afford to spend, knowing that many painting businesses fail?
How much capital do you need?
What sort of lifestyle do you want to live?
Are you even ready to be an entrepreneur?
Be brutally honest with your answers. This will create a foundation for everything you do moving forward, so it's better to know the truth now than later.

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