Considering A Painting Business Franchise in Mesa?

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Should You Buy a Painting Business Franchise in Mesa ?

Don't Buy a Painting Business Franchise in Mesa

• 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 Mesa
• 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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• About
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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 Mesa

If you are considering buying a painting franchise business, stop now.
I'm mosting likely to break down the essential issues with getting a painting franchise business, and the different options you have to start a paint business.

This is based upon my experience growing a effective painting company where we took into consideration coming to be a franchise business yet chose a collaboration setup rather. I listen to the battles of franchisee's continuously, as well as I feel for them.



Painting Business Franchise in Mesa 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 Mesa 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 Mesa ?

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

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BR> I don't desire you to end up in the same placement that lots of franchisees find themselves in.
There is a far better way! We will start with the troubles of a franchise, after that we'll enter remedies.

PROBLEM # 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 larger franchises out there.
These franchise business range from $10,000-$ 40,000 in franchise charges just for the right to the franchise in a limited variety of postal code where you can run your franchise business.
They additionally take 6-9% as an ongoing aristocracy ... permanently.
If you are in service for 10 years and you create $5,000,000 in income, this franchise business ends up costing you upwards of $500,000. That's a high rate to pay.
As well as obviously you obtain some assistance and also business systems, however everything that a franchise business provides can be acquired through other methods for much less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Business Franchise in Mesa you are getting the civil liberties to that organisation in a established territory. You are assigned a little number of postal code where you have the civil liberties to the organisation.
This is a HUGE problem. The most convenient method to expand and also broaden a painting business is by increasing geographically. Franchise business take away this.
Painter Choice is our marketing firm. We collaborate with franchisees all over the country. I constantly really feel horrible for these entrepreneur because they have such a tough time creating organisation.
A common firm in Atlanta, for instance, can utilize our lead solution in North Atlanta to produce 20-30 leads per month.
A franchisee in North Atlanta that just possesses the rights to 7-8 zip codes can only create 5-7 leads per month from our lead service.
To put it simply, if those franchisees had their very own service, they might immediately increase their business 3-5 times! In other terms, that implies an boost from $500,000 to $2,000,000. This is a massive restriction on your prospective business development.
As a franchisee, your only alternative is to acquire more area, or such it up and also keep your company small.
If someone else already has the nearby territory, you don't have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have misaligned rewards. The franchisor intends to produce as much income as possible since they make money a collection percent of profits.
However as the business proprietor, your objective is to maximize earnings.
I'm a large believer in aligning rewards, and also in this case, incentives are not aligned. They are playing a different video game than you are. They desire to make the most of profits in all of their areas, and market as many franchise business as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a work. Let me reveal you why.
Due to nobilities, your margins wind up being around 10% -12% nevertheless service expenses.
In order to make $100k/year you would certainly need to have a $1,000,000 company.
You can not have a $1,000,000 business in the little territory. And also also if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in aristocracies wherefore?
That's a ridiculous quantity of cash to pay your franchise business ... the exact same company that has an contract that they hold over your head not permitting you to grow your company geographically.
They've got you by the balls.
Or, you can get another region to grow. Once more ... I 'd instead not have to pay for the right to expand my business. That's silly.
Most franchises wind up in the $500,000-$ 600,000 array. You can most likely make $80,000-$ 110,000, sure. You likewise don't ever have enough margin to work with various other people to run the whole business, which is one of the best benefits to building a business.
You probably aren't creating sufficient income to also employ actually solid staff members. In our business, we pay concerning 5-6% to our manufacturing manager who manages $1,000,000 in production. That's $50,000-$ 60,000 each year for the manager. If you are just doing $500,000 a year in earnings, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is not enough money for a solid employee.
Your options are to pay a greater portion ( eliminating your profit margin), or get the job done on your own (killing your way of living). Both of which are not very appealing choices.
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IN SUMMARY:
You pay a great deal of money to restrict your growth, you do not obtain to build your very own point, as well as if you intend to expand geographically you need to spend for the civil liberties to do so ... presuming nobody else already possesses the legal rights to the territory you are shopping.
Due to your restrictions, and the high aristocracy cost, you are significantly limited in your ability to grow your earnings, construct a strong team, and construct a large service.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid business strategy
# 2-- They do it for the support as well as training provided by the franchise
# 3-- They do it for the area of other franchisees so they aren't alone
# 4-- They do it out of worry of failure
Now, allow's check out solutions. Exactly how can you get all the advantages without paying the steep cost of a franchise business?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the expense of a franchise, you can acquire my organisation system. This is the precise company system we make use of and also comply with in our service, which did over $3,000,000 in earnings in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program consists of training and support. When you start with Painting Business Academy, you get accessibility to the entire service system and also all of the training that accompanies that system.

ADVANTAGE # 3: THEY DO IT FOR THE COMMUNITY SO THEY AREN'T ALONE
When you join Painting Business Academy, you additionally join our exclusive members-only Facebook team. We have lots of questions asked each day from our members.
Our area is extremely involved and active.
Individuals in our area even share their successes. Just a few days ago somebody shared a Facebook advertising and marketing approach, verbatim, that's eliminating it for their business.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more cash does not get rid of the worry of failure. With Painting Business Academy, you can obtain access to a solid service strategy, service training, and also all of the done-for-you kinds and also systems that are confirmed to construct a million-dollar painting organisation.
You also get accessibility to the remarkable area of similar business owners doing the exact same point as you that we discussed previously. While you do pay 1/10th of the price in advance (on the high end), you have NO royalties to pay afterwards.
The likelihood of failure coincides whether you are in a franchise or running your very own business. Nevertheless, when you purchase a franchise business, you are taking a larger danger, meaning there's a larger failing if you do stop working.

SO WHAT NOW?
Prior to you invest in a franchise as well as throw countless bucks down the bathroom for a tried and tested system, you could wish to take a look at Painting Business Academy.
Painting Business Academy is additionally a tried and tested system to build a million-dollar paint firm, with a community of thousands of others. Additionally, there is no ongoing royalty, and also no geographical restrictions to growth.
Obtain every one of the benefits of a Painting Business Franchise in Mesa for a fraction of the cost. Check the course out here as well as call me if you have any kind of questions.
The paint business is a wonderful business to be in! I hope you'll belong of it quickly.
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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