Considering A Painting Business Franchise in Avondale?

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

Should You Buy a Painting Business Franchise in Avondale ?

Don't Buy a Painting Business Franchise in Avondale

• 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 Avondale
• 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
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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 Avondale

If you are considering getting a paint franchise business, quit today.
I'm mosting likely to break down the essential issues with purchasing a paint franchise, and the alternate choices you need to start a painting firm.

This is based upon my experience growing a effective painting company where we thought about ending up being a franchise however chose a collaboration setup rather. I hear the struggles of franchisee's regularly, as well as I feel for them.



Painting Business Franchise in Avondale 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 Avondale 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 Avondale ?

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

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BR> I don't want you to end up in the exact same position that numerous franchisees locate themselves in.
There is a far better method! We will certainly begin with the problems of a franchise, after that we'll enter into options.

TROUBLE # 1: THE REAL COST OF A PAINTING FRANCHISE
CertaPro Painters, Five Star Painting, 360 Painting, and WOW-1-Day Painting are a few of the bigger franchise business available.
These franchises range from $10,000-$ 40,000 in franchise business fees simply for the right to the franchise business in a restricted variety of zip codes where you can operate your franchise.
They additionally take 6-9% as an recurring royalty ... permanently.
If you stay in business for 10 years and also you produce $5,000,000 in revenue, this franchise winds up costing you upwards of $500,000. That's a steep price to pay.
As well as naturally you get some support and also company systems, however whatever that a franchise supplies can be obtained with other avenues for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in Avondale you are acquiring the legal rights to that company in a set area. You are appointed a handful of zip codes where you have the civil liberties to the organisation.
This is a HUGE trouble. The most convenient method to expand and expand a painting organisation is by increasing geographically. Franchise business take away this right.
Painter Choice is our marketing firm. We work with franchisees all over the country. I constantly feel awful for these business proprietors because they have such a difficult time generating business.
A typical firm in Atlanta, for example, can utilize our lead service in North Atlanta to produce 20-30 leads per month.
But a franchisee in North Atlanta that only possesses the civil liberties to 7-8 zip codes can just produce 5-7 leads each month from our lead solution.
In other words, if those franchisees had their very own business, they might promptly boost their business 3-5 times! In other terms, that suggests an increase from $500,000 to $2,000,000. This is a huge restriction on your potential service growth.
As a franchisee, your only choice is to acquire more area, or such it up and keep your service little.
Yet if somebody else currently has the neighboring region, you do not have that choice.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have misaligned rewards. The franchisor desires to generate as much earnings as possible since they obtain paid a collection percent of revenue.
However as the business proprietor, your objective is to optimize earnings.
I'm a big follower in aligning rewards, and in this situation, motivations are not aligned. They are playing a different game than you are. They wish to make the most of earnings in all of their territories, and also sell as several franchises as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a job. Let me reveal you why.
Due to aristocracies, your margins end up being around 10% -12% after all overhead.
In order to make $100k/year you 'd need to have a $1,000,000 organisation.
But you can't have a $1,000,000 company in the small region. As well as also if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in nobilities for what?
That's a ludicrous amount of cash to pay your franchise business ... the very same firm that has an arrangement that they hold over your head not enabling you to grow your company geographically.
They've obtained you by the balls.
Or, you can acquire an additional area to grow. Again ... I 'd instead not have to pay for the right to grow my service. That's absurd.
Most franchise business finish up in the $500,000-$ 600,000 range. You can probably make $80,000-$ 110,000, sure. But you also do not ever before have sufficient margin to employ other individuals to run the whole company, which is one of the best advantages to constructing a company.
You most likely aren't producing sufficient earnings to even hire truly solid workers. In our business, we pay concerning 5-6% to our production supervisor that manages $1,000,000 in production. That's $50,000-$ 60,000 each year for the supervisor. If you are only doing $500,000 a year in income, you can pay 5% ($ 25,000) to your manufacturing manager, which is not enough cash for a solid worker.
Your alternatives are to pay a higher portion (killing your profit margin), or get the job done yourself (killing your lifestyle). Both of which are not really eye-catching alternatives.
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IN SUMMARY:
You pay a whole lot of money to restrict your development, you do not get to build your very own thing, and if you wish to expand geographically you need to spend for the legal rights to do so ... presuming nobody else currently owns the civil liberties to the area you are attempting to get.
Because of your limitations, and also the high royalty cost, you are dramatically restricted in your capability to grow your revenue, construct a solid group, as well as build a large company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong business strategy
# 2-- They do it for the assistance as well as training supplied by the franchise business
# 3-- They do it for the area of various other franchisees so they aren't alone
# 4-- They do it out of fear of failure
Now, allow's consider remedies. Exactly how can you get all the advantages without paying the high rate of a franchise?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise business, you can buy my business system. This is the specific organisation system we use and also comply with in our service, which corrected $3,000,000 in earnings in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course consists of training as well as support. When you get started with Painting Business Academy, you obtain access to the whole service system as well as all of the training that supports that system.

BENEFIT # 3: THEY DO IT FOR THE COMMUNITY SO THEY AREN'T ALONE
When you join Painting Business Academy, you also join our personal members-only Facebook team. We have loads of questions asked daily from our members.
Our area is very engaged and also energetic.
People in our area even share their successes. Simply a few days ago somebody shared a Facebook marketing method, verbatim, that's eliminating it for their business.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not get rid of the fear of failure. With Painting Business Academy, you can obtain access to a strong business strategy, service training, as well as all of the done-for-you kinds and also systems that are confirmed to construct a million-dollar paint service.
You likewise obtain access to the outstanding area of like-minded entrepreneurs doing the same thing as you that we spoke about previously. While you do pay 1/10th of the cost up front (on the high-end), you have NO nobilities to pay after that.
The probability of failure is the exact same whether you remain in a franchise business or running your very own business. Nonetheless, when you get a franchise, you are taking a larger danger, indicating there's a bigger failure if you do fail.

SO WHAT NOW?
Before you purchase a franchise as well as toss countless bucks down the toilet for a tried and tested system, you might intend to take a look at Painting Business Academy.
Painting Business Academy is also a tested system to develop a million-dollar painting firm, with a neighborhood of hundreds of others. Furthermore, there is no ongoing royalty, as well as no geographical restrictions to growth.
Get every one of the advantages of a Painting Business Franchise in Avondale for a portion of the price. Examine the program out below as well as call me if you have any type of inquiries.
The paint business is a fantastic company to be in! I wish you'll be a part of it soon.
Good good 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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