Considering A Painting Franchise in Belton?

1. Home
2. Considering A Painting Franchise in Belton?

---

---

---

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

Should You Buy a Painting Franchise in Belton ?

Don't Buy a Painting Franchise in Belton

• 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 Franchise in Belton
• 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 Franchise in Belton

If you are considering acquiring a paint franchise business, quit today.
I'm going to damage down the basic troubles with getting a painting franchise, as well as the alternative choices you need to start a paint business.

This is based on my experience expanding a successful painting business where we considered becoming a franchise business however decided for a partnership setup rather. I listen to the struggles of franchisee's constantly, and also I really feel for them.



Painting Franchise in Belton 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 Franchise in Belton 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 Franchise in Belton ?

---

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

---

BR> I don't want you to wind up in the same position that numerous franchisees locate themselves in.
There is a much better way! We will certainly begin with the problems of a franchise, then we'll enter remedies.

TROUBLE # 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 around.
These franchise business vary from $10,000-$ 40,000 in franchise business charges simply for the right to the franchise business in a restricted variety of zip codes where you can run your franchise business.
They also take 6-9% as an recurring aristocracy ... for life.
If you stay in business for 10 years and you produce $5,000,000 in profits, this franchise winds up costing you upwards of $500,000. That's a steep cost to pay.
And also naturally you obtain some assistance as well as organisation systems, but every little thing that a franchise supplies can be obtained through various other methods for much less than $500,000.

PROBLEM # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Franchise in Belton you are getting the civil liberties to that service in a set area. You are designated a handful of postal code where you have the legal rights to the service.
This is a HUGE issue. The most convenient way to grow and increase a painting organisation is by increasing geographically. Franchises remove this right.
Painter Choice is our advertising company. We collaborate with franchisees around the country. I always feel dreadful for these entrepreneur because they have such a tough time creating organisation.
A common firm in Atlanta, as an example, can use our lead service in North Atlanta to produce 20-30 leads per month.
Yet a franchisee in North Atlanta who just possesses the civil liberties to 7-8 postal code can only create 5-7 leads monthly from our lead service.
In other words, if those franchisees had their very own service, they could instantly increase their company 3-5 times! In other terms, that indicates an increase from $500,000 to $2,000,000. This is a huge restriction on your prospective business growth.
As a franchisee, your only alternative is to acquire more area, or such it up and maintain your company tiny.
However if someone else currently possesses the nearby territory, you do not have that option.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees as well as the franchisor have actually misaligned incentives. The franchisor desires to produce as much income as feasible because they obtain paid a set percent of profits.
But as the organisation owner, your objective is to make best use of revenue.
I'm a large follower in aligning rewards, and in this instance, rewards are not straightened. They are playing a various video game than you are. They intend to make best use of profits in all of their areas, and market as several franchises as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a work. Let me reveal you why.
As a result of royalties, your margins wind up being around 10% -12% nevertheless overhead.
In order to make $100k/year you 'd need to have a $1,000,000 business.
You can't have a $1,000,000 organisation in the little region. And even if you can, you're stuck at a optimum of $100,000 for yourself. You're paying $70k-$ 100k/year in royalties for what?
That's a crazy amount of money to pay your franchise ... the exact same business that has an arrangement that they hold over your head not enabling you to grow your business geographically.
They've got you by the balls.
Or, you can acquire one more region to expand. Once again ... I 'd rather not have to pay for the right to grow my company. That's silly.
Many franchise business end up in the $500,000-$ 600,000 variety. You can probably make $80,000-$ 110,000, sure. You also don't ever before have sufficient margin to employ other individuals to run the whole service, which is one of the best advantages to constructing a firm.
You possibly aren't producing adequate revenue to also employ actually strong workers. In our business, we pay concerning 5-6% to our manufacturing supervisor who manages $1,000,000 in manufacturing. That's $50,000-$ 60,000 per year for the supervisor. But if you are just doing $500,000 a year in income, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is not nearly enough cash for a strong employee.
Your alternatives are to pay a greater portion (killing your earnings margin), or do the job on your own ( eliminating your way of life). Both of which are not very 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 money to limit your growth, you don't obtain to build your own thing, as well as if you intend to grow geographically you require to pay for the legal rights to do so ... presuming nobody else currently owns the civil liberties to the territory you are trying to acquire.
Because of your constraints, and also the high aristocracy fee, you are substantially limited in your capability to grow your income, build a solid team, as well as construct a big company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid business strategy
# 2-- They do it for the assistance and also training given by the franchise business
# 3-- They do it for the neighborhood of other franchisees so they aren't alone
# 4-- They do it out of concern of failing
Now, allow's consider solutions. Just how can you obtain 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, you can buy my company system. This is the precise company system we use and adhere to in our company, which corrected $3,000,000 in revenue in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course includes training and also support. When you start with Painting Business Academy, you get accessibility to the entire service system and 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 likewise join our personal members-only Facebook group. We have dozens of concerns asked on a daily basis from our members.
Our area is very involved and energetic.
People in our area also share their successes. Simply recently somebody shared a Facebook advertising strategy, verbatim, that's eliminating it for their service.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not eliminate the concern of failure. With Painting Business Academy, you can get accessibility to a solid company strategy, service training, and all of the done-for-you forms and systems that are confirmed to construct a million-dollar paint organisation.
You additionally obtain accessibility to the incredible community of like-minded business owners doing the exact same point as you that we spoke about previously. While you do pay 1/10th of the cost in advance (on the high end), you have NO royalties to pay afterwards.
The chance of failing is the very same whether you remain in a franchise business or running your very own service. When you acquire a franchise, you are taking a bigger threat, suggesting there's a larger failing if you do fail.

SO WHAT NOW?
Before you buy a franchise as well as toss thousands of dollars down the bathroom for a proven system, you might desire to look into Painting Business Academy.
Painting Business Academy is likewise a tested system to construct a million-dollar painting business, with a community of thousands of others. In enhancement, there is no ongoing royalty, and also no geographical constraints to growth.
Obtain every one of the advantages of a Painting Franchise in Belton for a fraction of the cost. Inspect the program out below as well as contact me if you have any kind of questions.
The painting business is a terrific service to be in! I wish you'll be a part of it soon.
Great good 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

<<<     Next one
More Info.
Considering A Painting Franchise in Golden Valley?
Considering A Painting Franchise in Cave Creek?
Considering A Painting Franchise in Cottonwood?
Considering A Painting Franchise in Sierra Vista?
Considering A Painting Franchise in Gold Canyon?

---

---