Considering A Painting Business Franchise in Chino Valley?

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Should You Buy a Painting Business Franchise in Chino Valley ?

Don't Buy a Painting Business Franchise in Chino Valley

• 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 Chino Valley
• 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
• Franchise News Room
• 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 Chino Valley

If you are thinking of purchasing a paint franchise, stop today.
I'm going to damage down the basic troubles with purchasing a paint franchise, and the different options you need to begin a painting business.

This is based upon my experience expanding a effective painting organisation where we took into consideration ending up being a franchise business but chose a collaboration configuration instead. I hear the battles of franchisee's continuously, and I feel for them.



Painting Business Franchise in Chino Valley 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 Chino Valley 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 Chino Valley ?

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

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BR> I don't desire you to wind up in the very same position that several franchisees locate themselves in.
There is a better way! We will begin with the troubles of a franchise business, after that we'll enter into services.

TROUBLE # 1: THE REAL COST OF A PAINTING FRANCHISE
CertaPro Painters, Five Star Painting, 360 Painting, as well as WOW-1-Day Painting are a few of the bigger franchise business available.
These franchises vary from $10,000-$ 40,000 in franchise fees simply for the right to the franchise business in a restricted variety of postal code where you can operate your franchise business.
They likewise take 6-9% as an continuous nobility ... for life.
If you are in company for 10 years and you produce $5,000,000 in profits, this franchise business winds up costing you upwards of $500,000. That's a high cost to pay.
And of course you get some support and service systems, however every little thing that a franchise supplies can be gotten through other avenues for a lot less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in Chino Valley you are getting the legal rights to that service in a set territory. You are designated a small number of postal code where you have the legal rights to the business.
This is a HUGE problem. The easiest means to grow as well as expand a paint company is by increasing geographically. Franchises remove this right.
Painter Choice is our marketing business. We collaborate with franchisees all over the nation. I always feel awful for these company owner due to the fact that they have such a difficult time producing organisation.
A typical company in Atlanta, as an example, can use our lead service in North Atlanta to generate 20-30 leads each month.
Yet a franchisee in North Atlanta that only possesses the legal rights to 7-8 zip codes can just generate 5-7 leads each month from our lead solution.
In various other words, if those franchisees had their very own company, they could quickly boost their organisation 3-5 times! In other terms, that means an boost from $500,000 to $2,000,000. This is a huge constraint on your prospective company growth.
As a franchisee, your only option is to buy more region, or such it up and keep your service little.
But if another person currently owns the nearby territory, you do not have that choice.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have actually misaligned motivations. The franchisor intends to generate as much profits as feasible since they earn money a set percent of revenue.
As the business owner, your objective is to make best use of revenue.
I'm a big follower in straightening incentives, as well as in this instance, motivations are not lined up. They are playing a various game than you are. They desire to maximize revenue in all of their areas, and sell as numerous franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a task. Allow me reveal you why.
Due to nobilities, your margins end up being around 10% -12% after all overhead.
In order to make $100k/year you would certainly have to have a $1,000,000 organisation.
You can not have a $1,000,000 company in the tiny area. And also even if you can, you're stuck at a optimum of $100,000 for on your own. You're paying $70k-$ 100k/year in nobilities wherefore?
That's a ludicrous quantity of money to pay your franchise ... the exact same company that has an agreement that they hold over your head not permitting you to expand your business geographically.
They've obtained you by the balls.
Or, you can purchase one more area to grow. Once again ... I would certainly rather not have to pay for the right to expand my service. That's silly.
A lot of franchises wind up in the $500,000-$ 600,000 variety. You can most likely make $80,000-$ 110,000, sure. You also do not ever have adequate margin to hire various other individuals to run the entire business, which is one of the biggest benefits to building a business.
You possibly aren't creating enough revenue to even employ really strong employees. In our business, we pay concerning 5-6% to our production supervisor that manages $1,000,000 in manufacturing. That's $50,000-$ 60,000 each year for the supervisor. However if you are only doing $500,000 a year in earnings, you can pay 5% ($ 25,000) to your production manager, which is inadequate money for a solid worker.
Your options are to pay a greater percent (killing your profit margin), or do the task yourself ( eliminating your way of living). Both of which are not really appealing options.
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IN SUMMARY:
You pay a great deal of money to restrict your growth, you don't obtain to develop your own thing, as well as if you desire to expand geographically you need to spend for the rights to do so ... presuming no one else already has the rights to the territory you are attempting to purchase.
As a result of your constraints, and also the high royalty charge, you are substantially restricted in your capacity to grow your earnings, construct a strong team, as well as develop a big business.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid service plan
# 2-- They do it for the support and training supplied by the franchise business
# 3-- They do it for the neighborhood of various other franchisees so they aren't alone
# 4-- They do it out of anxiety of failure
Now, let's check out remedies. Just how can you obtain all the benefits without paying the high price of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the cost of a franchise, you can purchase my organisation system. This is the precise business system we utilize and also comply with in our organisation, 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 obtain access to the whole organisation 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 sign up with Painting Business Academy, you additionally join our private members-only Facebook group. We have lots of concerns asked each day from our members.
Our community is very involved and also energetic.
People in our area even share their successes. Just recently someone shared a Facebook advertising strategy, word for word, that's killing it for their business.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not eliminate the worry of failing. With Painting Business Academy, you can get accessibility to a solid service strategy, business training, as well as all of the done-for-you types as well as systems that are shown to develop a million-dollar painting service.
You also obtain accessibility to the outstanding area of like-minded entrepreneurs doing the very same point as you that we discussed earlier. While you do pay 1/10th of the cost up front (on the high end), you have NO aristocracies to pay afterwards.
The likelihood of failing is the exact same whether you remain in a franchise business or running your very own company. When you get a franchise business, you are taking a larger threat, suggesting there's a bigger failing if you do fail.

WHAT NOW?
Before you invest in a franchise business and also throw hundreds of dollars down the commode for a tried and tested system, you could wish to have a look at Painting Business Academy.
Painting Business Academy is also a tried and tested system to build a million-dollar paint company, with a community of numerous others. Additionally, there is no ongoing nobility, and no geographical limitations to development.
Obtain all of the advantages of a Painting Business Franchise in Chino Valley for a fraction of the cost. Check the training course out right here and call me if you have any concerns.
The paint business is a wonderful service to be in! I wish you'll be a part of it quickly.
Great 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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