Considering A Painting Franchise in Flagstaff?

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

Should You Buy a Painting Franchise in Flagstaff ?

Don't Buy a Painting Franchise in Flagstaff

• 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 Flagstaff
• 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

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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 Franchise in Flagstaff

If you are considering purchasing a paint franchise business, quit now.
I'm mosting likely to damage down the basic problems with acquiring a paint franchise, and also the different choices you have to begin a painting business.

This is based upon my experience expanding a effective painting business where we took into consideration coming to be a franchise business yet chose for a collaboration configuration instead. I hear the battles of franchisee's regularly, and also I feel for them.



Painting Franchise in Flagstaff 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 Franchise in Flagstaff 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 Franchise in Flagstaff ?

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

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BR> I don't desire you to wind up in the very same setting that lots of franchisees find themselves in.
There is a much better way! We will certainly begin with the problems of a franchise business, then we'll get involved in remedies.

ISSUE # 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 franchise business range from $10,000-$ 40,000 in franchise charges just for the right to the franchise business in a minimal number of postal code where you can run your franchise business.
They also take 6-9% as an ongoing nobility ... for life.
If you are in company 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 high cost to pay.
And also naturally you get some support as well as company systems, but everything that a franchise offers can be gotten through other methods for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Franchise in Flagstaff you are acquiring the legal rights to that company in a established territory. You are assigned a handful of zip codes where you have the civil liberties to the company.
This is a HUGE problem. The most convenient way to expand and also expand a painting organisation is by expanding geographically. Franchises eliminate this right.
Painter Choice is our advertising and marketing business. We work with franchisees all over the nation. I always feel awful for these local business owner since they have such a hard time generating organisation.
A normal company in Atlanta, for instance, can use our lead service in North Atlanta to produce 20-30 leads per month.
But a franchisee in North Atlanta who just owns the civil liberties to 7-8 zip codes can only create 5-7 leads each month from our lead service.
To put it simply, if those franchisees had their own company, they could immediately raise their service 3-5 times! In various other terms, that implies an rise from $500,000 to $2,000,000. This is a massive limitation on your possible company growth.
As a franchisee, your only option is to acquire more territory, or such it up as well as keep your organisation tiny.
If a person else currently has the close-by region, you don't have that alternative.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees and the franchisor have misaligned motivations. The franchisor intends to generate as much revenue as feasible since they earn money a collection percent of revenue.
But as business owner, your goal is to take full advantage of earnings.
I'm a big believer in aligning motivations, and also in this case, incentives are not aligned. They are playing a different video game than you are. They want to take full advantage of revenue in all of their territories, as well as market as many franchises as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a work. Let me show you why.
Due to the fact that of nobilities, your margins end up being around 10% -12% nevertheless overhead.
In order to make $100k/year you 'd have to have a $1,000,000 business.
Yet you can not have a $1,000,000 service in the tiny region. As well as also if you can, you're stuck at a maximum of $100,000 for on your own. You're paying $70k-$ 100k/year in nobilities of what?
That's a ludicrous quantity of money to pay your franchise business ... the exact same business that has an arrangement that they hold over your head not permitting you to grow your organisation geographically.
They've obtained you by the balls.
Or, you can get another territory to expand. Again ... I would certainly instead not have to pay for the right to grow my company. That's silly.
The majority of franchise business wind up in the $500,000-$ 600,000 variety. You can possibly make $80,000-$ 110,000, sure. Yet you likewise do not ever have enough margin to work with various other people to run the entire company, which is just one of the best advantages to building a firm.
You possibly aren't producing sufficient revenue to even work with really strong workers. In our company, we pay about 5-6% to our manufacturing supervisor who oversees $1,000,000 in production. That's $50,000-$ 60,000 each year for the manager. Yet if you are only doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your production manager, which is not nearly enough cash for a strong employee.
Your choices are to pay a greater portion (killing your earnings margin), or do the work on your own ( eliminating your way of life). Both of which are not very attractive options.
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IN SUMMARY:
You pay a great deal of cash to restrict your growth, you do not reach build your very own thing, and if you intend to expand geographically you need to spend for the rights to do so ... assuming nobody else already has the civil liberties to the territory you are attempting to acquire.
As a result of your constraints, and also the high aristocracy cost, you are dramatically restricted in your capability to expand your earnings, develop a strong group, 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 assistance and training supplied by the franchise
# 3-- They do it for the neighborhood of other franchisees so they aren't alone
# 4-- They do it out of concern of failing
Currently, allow's consider services. Just how can you get all the benefits without paying the high rate 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 business system. This is the exact service system we use and also adhere to in our business, which did over $3,000,000 in income in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My training course consists of training and also support. When you begin with Painting Business Academy, you obtain access to the whole organisation system and also all of the training that goes along with 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 team. We have loads of concerns asked each day from our participants.
Our community is extremely engaged and also active.
People in our area also share their successes. Just the various other day someone shared a Facebook advertising approach, word for word, that's killing it for their service.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not eliminate the fear of failing. With Painting Business Academy, you can get accessibility to a strong organisation plan, business training, as well as all of the done-for-you kinds and systems that are confirmed to construct a million-dollar paint service.
You also get accessibility to the incredible neighborhood of like-minded entrepreneurs doing the exact same thing as you that we spoke about earlier. While you do pay 1/10th of the expense in advance (on the high end), you have NO royalties to pay afterwards.
The probability of failure coincides whether you remain in a franchise business or running your very own organisation. Nonetheless, when you buy a franchise business, you are taking a larger danger, implying there's a bigger failure if you do fall short.

SO WHAT NOW?
Before you buy a franchise business and toss hundreds of dollars down the toilet for a tried and tested system, you could wish to look into Painting Business Academy.
Painting Business Academy is likewise a tried and tested system to develop a million-dollar paint business, with a neighborhood of numerous others. Furthermore, there is no continuous royalty, and also no geographical constraints to development.
Obtain every one of the benefits of a Painting Franchise in Flagstaff for a fraction of the cost. Check the program out here and contact me if you have any questions.
The paint business is a great company to be in! I hope you'll belong of it quickly.
All the best!

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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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