Considering A Painting Business Franchise in Kingstree?

1. Home
2. Considering A Painting Business Franchise in Kingstree?

---

---

---

Up One Level
Painting Franchise - PaintingBusinessAcademy.com ##generated-article-tags##

Should You Buy a Painting Business Franchise in Kingstree ?

Don't Buy a Painting Business Franchise in Kingstree

• 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 Kingstree
• 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
• Training Support
• Training
• Support
• Full Support Complete Control

******************************************************************************
• Learn How a $1,000,000 Painting Business Works
.rssEntrywidth:800px;margin:10px;padding:8px;border:1px solid #999999;font-family:arial; .rssTitlefont-size:1.3em; .rssTitle atext-decoration:none; .rssCreatordisplay:inline-block;width:200px;font-size:0.8em; .rssCategorydisplay:inline-block;width:200px;font-size:0.8em; .rssPubDatedisplay:inline-block;width:200px;font-size:0.8em; .rssChannelLinkfont-size:0.8em; .rssContent .rssChannelTitlefont-size:0.8em; .rssDescriptionfont-size:0.8em;color:black; .rssAttrwidth:650px; .rssSourcewidth:650px;

• 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 Kingstree

If you are considering purchasing a painting franchise business, stop today.
I'm going to break down the essential troubles with getting a paint franchise business, as well as the alternate choices you have to start a paint firm.

This is based on my experience growing a effective painting business where we considered coming to be a franchise business yet decided for a partnership configuration rather. I hear the struggles of franchisee's frequently, and also I feel for them.



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

---

Are painting companies profitable?

---

How much is a Five Star Painting Franchise?

---

Is painting a good business to start?

---

How much do painters make?

---

How much money can you make owning a painting business?

---

How can I start a painting business with no money?

---

Is painting a good trade?

---

Is a Painting Business Franchise in Kingstree a good investment?

---

Is it hard to start a painting business?

---

---

How can I promote my painting business?

---

How do I market my painting business?

---

What are the disadvantages of a Painting Business Franchise in Kingstree ?

---

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

---

BR> I do not want you to wind up in the very same setting that numerous franchisees locate themselves in.
There is a better means! We will begin with the troubles of a franchise business, then we'll enter services.

PROBLEM # 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 franchises available.
These franchises vary from $10,000-$ 40,000 in franchise fees simply for the right to the franchise in a restricted number of postal code where you can run your franchise.
They also take 6-9% as an recurring aristocracy ... for life.
If you are in business for 10 years and also you create $5,000,000 in income, this franchise winds up costing you upwards of $500,000. That's a high rate to pay.
And also obviously you get some support as well as company systems, yet whatever that a franchise supplies can be obtained through other methods for a lot less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Business Franchise in Kingstree you are purchasing the civil liberties to that service in a set area. You are designated a tiny number of zip codes where you have the civil liberties to business.
This is a HUGE problem. The most convenient method to expand and broaden a painting company is by increasing geographically. Franchises take away this right.
Painter Choice is our advertising company. We collaborate with franchisees around the nation. I always feel horrible for these local business owner because they have such a difficult time producing service.
A common company in Atlanta, as an example, can use our lead solution in North Atlanta to generate 20-30 leads monthly.
A franchisee in North Atlanta that only possesses the legal rights to 7-8 zip codes can just create 5-7 leads per month from our lead solution.
To put it simply, if those franchisees had their own service, they can quickly increase their business 3-5 times! In other terms, that implies an boost from $500,000 to $2,000,000. This is a huge constraint on your possible company growth.
As a franchisee, your only choice is to acquire even more area, or such it up and also maintain your service tiny.
But if somebody else already owns the neighboring territory, you do not have that choice.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees and also the franchisor have actually misaligned motivations. The franchisor intends to produce as much revenue as possible since they get paid a set percent of income.
As the organisation proprietor, your goal is to optimize earnings.
I'm a huge believer in aligning motivations, and in this instance, rewards are not lined up. They are playing a various game than you are. They wish to take full advantage of earnings in all of their regions, and offer as many franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a work. Allow me show you why.
Due to royalties, your margins end up being around 10% -12% nevertheless service expenditures.
In order to make $100k/year you would certainly have to have a $1,000,000 service.
You can't have a $1,000,000 service in the tiny region. And even if you can, you're stuck at a maximum of $100,000 on your own. You're paying $70k-$ 100k/year in royalties for what?
That's a ridiculous quantity of money to pay your franchise ... the exact same business that has an agreement that they hold over your head not enabling you to expand your company geographically.
They've obtained you by the balls.
Or, you can get another territory to expand. Again ... I 'd rather not have to pay for the right to expand my company. That's unreasonable.
A lot of franchises wind up in the $500,000-$ 600,000 variety. You can possibly make $80,000-$ 110,000, sure. However you also do not ever have adequate margin to employ other individuals to run the entire business, which is among the biggest advantages to developing a business.
You possibly aren't generating adequate revenue to even hire actually solid workers. In our firm, we pay concerning 5-6% to our production supervisor who oversees $1,000,000 in manufacturing. That's $50,000-$ 60,000 annually for the supervisor. But if you are just doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your production manager, which is insufficient money for a strong employee.
Your alternatives are to pay a higher portion (killing your profit margin), or do the task yourself ( eliminating your lifestyle). Both of which are not extremely eye-catching choices.
.compImageDiv display:inline-block;width:220px;max-height:220px;padding:8px;margin:8px;border:1px solid #999999;.compImage display:inline-block;max-width:200px;max-height:200px;margin:8px;


IN SUMMARY:
You pay a great deal of cash to limit your development, you don't obtain to construct your very own thing, and also if you intend to expand geographically you require to pay for the civil liberties to do so ... assuming nobody else currently possesses the rights to the territory you are shopping.
As a result of your limitations, and the high aristocracy cost, you are dramatically limited in your capability to expand your earnings, construct a solid team, as well as develop a huge organisation.

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

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise, you can acquire my business system. This is the exact service system we make use of and also adhere to in our business, which corrected $3,000,000 in earnings in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program consists of training and assistance. When you begin with Painting Business Academy, you get accessibility to the whole business 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 also join our personal members-only Facebook group. We have dozens of questions asked every day from our members.
Our area is very engaged and also active.
People in our neighborhood also share their successes. Just recently a person shared a Facebook marketing technique, verbatim, that's killing it for their organisation.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not remove the concern of failing. With Painting Business Academy, you can get access to a strong organisation strategy, organisation training, as well as all of the done-for-you forms as well as systems that are verified to construct a million-dollar painting service.
You also get access to the incredible neighborhood of like-minded entrepreneurs doing the very same point as you that we discussed previously. While you do pay 1/10th of the expense up front (on the high end), you have NO royalties to pay afterwards.
The probability of failure is the very same whether you remain in a franchise business or running your own business. Nevertheless, when you purchase a franchise business, you are taking a larger danger, meaning there's a larger failing if you do fall short.

SO WHAT NOW?
Prior to you buy a franchise and also toss thousands of bucks down the toilet for a tested system, you could intend to have a look at Painting Business Academy.
Painting Business Academy is additionally a tested system to construct a million-dollar painting business, with a neighborhood of numerous others. Furthermore, there is no continuous nobility, and no geographical constraints to development.
Obtain all of the advantages of a Painting Business Franchise in Kingstree for a portion of the price. Examine the course out right here and contact me if you have any inquiries.
The paint business is a terrific business to be in! I hope you'll belong of it soon.
Best of luck!

• painting
• franchise
• painter1
• business
• franchises
• opportunities
• coming soon
• ready
• own
• opportunity
• painting franchises
• support
• franchising
• services
• training
• industry
• painting business academy
• cost
• investment
• businesses
• ownership
• company
• 2020
• world
• owners
• achieve
• dreammaker
• information
• success
• plan
• lowest
• opportunity guide
• painter
• ready to get started
• ranking
• repair and painting
• resources
• community
• learn
• achieve success
• expect to achieve
• painting franchise cost
• local
• ability to grow
• business plan
• understanding the ranking
• results
• stability
• owning a successful business
• house painting
• featured opportunities
• residential and commercial painting
• successful business
• training and support
• selections
• business owner
• purpose
• own painting company
• array
• diverse pool of opportunities
• costs
• growth
• locations

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.

PaintingBusinessAcademy.com

Terms of Service

Disclosure Statement

DMCA

Privacy Statement

Contact

Last     Forward
See also...
Considering A Painting Franchise in Longs?
Considering A Painting Franchise in Okatie?
Considering A Painting Franchise in Prescott?
Considering A Painting Franchise in Cottonwood?
Considering A Painting Business Franchise in Charleston?

---

---