Considering A Painting Franchise in Laurens?

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

---

---

---

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

Should You Buy a Painting Franchise in Laurens ?

Don't Buy a Painting Franchise in Laurens

• 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 Laurens
• 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 Laurens

If you are assuming of getting a paint franchise business, stop now.
I'm mosting likely to damage down the fundamental issues with getting a painting franchise business, as well as the alternate choices you have to begin a painting business.

This is based on my experience growing a effective paint company where we considered coming to be a franchise business however chose a partnership configuration rather. I hear the battles of franchisee's continuously, and I feel for them.



Painting Franchise in Laurens 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 Laurens 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 Laurens ?

---

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

---

BR> I do not desire you to finish up in the same setting that numerous franchisees discover themselves in.
There is a better means! We will begin with the problems of a franchise, then we'll get into 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 franchise business available.
These franchise business vary from $10,000-$ 40,000 in franchise charges simply for the right to the franchise business in a minimal variety of postal code where you can operate your franchise.
They likewise take 6-9% as an continuous royalty ... forever.
If you stay in business for 10 years and also you produce $5,000,000 in earnings, this franchise winds up costing you upwards of $500,000. That's a steep cost to pay.
And also obviously you get some assistance and also service systems, yet whatever that a franchise business gives can be gotten via other avenues for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you get a Painting Franchise in Laurens you are purchasing the civil liberties to that service in a established territory. You are designated a small number of postal code where you have the rights to the company.
This is a HUGE trouble. The simplest way to expand and also broaden a paint company is by broadening geographically. Franchises take away this.
Painter Choice is our advertising and marketing company. We function with franchisees throughout the country. I constantly really feel horrible for these local business owner due to the fact that they have such a tough time creating service.
A regular company in Atlanta, for example, can use our lead solution in North Atlanta to generate 20-30 leads per month.
Yet a franchisee in North Atlanta that only possesses the legal rights to 7-8 postal code can just create 5-7 leads monthly from our lead solution.
To put it simply, if those franchisees had their own organisation, they might immediately raise their business 3-5 times! In other terms, that suggests an boost from $500,000 to $2,000,000. This is a enormous constraint on your possible business growth.
As a franchisee, your only alternative is to purchase more area, or such it up and keep your organisation small.
But if someone else already possesses the close-by area, you don't have that alternative.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees and the franchisor have actually misaligned rewards. The franchisor wishes to create as much revenue as feasible because they get paid a collection percent of revenue.
However as business proprietor, your objective is to take full advantage of revenue.
I'm a big follower in aligning motivations, and also in this instance, motivations are not lined up. They are playing a different video game than you are. They wish to make best use of income in all of their areas, and market as several franchise business as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a task. Let me show you why.
Because of royalties, your margins wind up being around 10% -12% after all organisation expenses.
In order to make $100k/year you 'd have to have a $1,000,000 business.
You can't have a $1,000,000 business in the little area. As well as also if you can, you're stuck at a maximum of $100,000 on your own. You're paying $70k-$ 100k/year in royalties wherefore?
That's a ridiculous quantity of cash to pay your franchise business ... the same business that has an arrangement that they hold over your head not allowing you to grow your service geographically.
They've got you by the spheres.
Or, you can buy an additional area to expand. However again ... I 'd instead not have to spend for the right to expand my business. That's silly.
A lot of franchises wind up in the $500,000-$ 600,000 range. You can possibly make $80,000-$ 110,000, sure. You additionally don't ever have sufficient margin to hire other individuals to run the entire business, which is one of the biggest benefits to developing a firm.
You possibly aren't producing sufficient profits to even hire actually strong workers. In our firm, we pay concerning 5-6% to our production manager that supervises $1,000,000 in manufacturing. That's $50,000-$ 60,000 annually for the supervisor. However if you are only doing $500,000 a year in revenue, you can pay 5% ($ 25,000) to your production supervisor, which is not nearly enough cash for a strong worker.
Your choices are to pay a greater percent ( eliminating your earnings margin), or do the work yourself (killing your way of life). Both of which are not very attractive 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 lot of money to restrict your growth, you don't obtain to develop your very own point, and also if you wish to grow geographically you require to spend for the legal rights to do so ... thinking nobody else already owns the rights to the territory you are trying to buy.
As a result of your limitations, and also the high royalty cost, you are significantly restricted in your ability to grow your earnings, construct a solid team, as well as construct a large service.

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 training given by the franchise
# 3-- They do it for the community of other franchisees so they aren't alone
# 4-- They do it out of fear of failure
Currently, allow's consider remedies. Exactly how can you get all the benefits without paying the high rate of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the cost of a franchise business, you can buy my service system. This is the precise 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 course includes training as well as assistance. When you get going with Painting Business Academy, you obtain access to the whole organisation system as well as 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 join Painting Business Academy, you likewise join our personal members-only Facebook team. We have loads of questions asked each day from our participants.
Our neighborhood is very engaged and active.
People in our community even share their successes. Simply a few days ago somebody shared a Facebook advertising method, word for word, that's killing it for their organisation.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more cash does not get rid of the worry of failing. With Painting Business Academy, you can obtain access to a strong service plan, business training, and all of the done-for-you types and also systems that are confirmed to build a million-dollar paint business.
You additionally get accessibility to the outstanding community of like-minded entrepreneurs doing the very same point as you that we discussed previously. While you do pay 1/10th of the price in advance (on the luxury), you have NO aristocracies to pay afterwards.
The possibility of failing is the same whether you are in a franchise or running your very own service. However, when you buy a franchise, you are taking a larger danger, meaning there's a larger failure if you do stop working.

WHAT NOW?
Prior to you purchase a franchise business and also toss hundreds of bucks down the commode for a tested system, you might desire to have a look at Painting Business Academy.
Painting Business Academy is likewise a tested system to construct a million-dollar painting firm, with a neighborhood of numerous others. Additionally, there is no continuous nobility, and also no geographical limitations to development.
Obtain all of the advantages of a Painting Franchise in Laurens for a portion of the rate. Check the course out right here and also call me if you have any type of inquiries.
The painting business is a fantastic business to be in! I wish you'll be a part of it quickly.
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

Last Article     Forward
Additional Info.
Considering A Painting Business Franchise in Tuba City?
Considering A Painting Business Franchise in Glendale?
Considering A Painting Franchise in Tuba City?
Considering A Painting Franchise in Safford?
Considering A Painting Franchise in Fort Mohave?

---

---