Considering A Painting Franchise in Sahuarita?

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

Should You Buy a Painting Franchise in Sahuarita ?

Don't Buy a Painting Franchise in Sahuarita

• 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 Sahuarita
• 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
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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 Sahuarita

If you are thinking about acquiring a paint franchise business, quit now.
I'm mosting likely to break down the essential issues with buying a painting franchise business, and the alternate choices you have to begin a paint firm.

This is based on my experience expanding a effective painting organisation where we considered ending up being a franchise business however chose for a partnership configuration instead. I hear the battles of franchisee's regularly, and also I feel for them.



Painting Franchise in Sahuarita 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 Sahuarita 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 Sahuarita ?

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

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BR> I do not desire you to end up in the same setting that several franchisees find themselves in.
There is a better means! We will begin with the problems of a franchise business, then we'll enter options.

TROUBLE # 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 franchise business out there.
These franchise business range from $10,000-$ 40,000 in franchise business costs just for the right to the franchise business in a restricted variety of zip codes where you can operate your franchise.
They additionally take 6-9% as an continuous royalty ... permanently.
If you are in business for 10 years as well as you generate $5,000,000 in profits, this franchise ends up costing you upwards of $500,000. That's a high cost to pay.
As well as of program you get some support as well as business systems, but every little thing that a franchise business supplies can be acquired with various other opportunities for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you acquire a Painting Franchise in Sahuarita you are buying the rights to that company in a established region. You are appointed a handful of zip codes where you have the legal rights to the company.
This is a HUGE trouble. The easiest method to expand and also expand a paint organisation is by increasing geographically. Franchise business take away this.
Painter Choice is our advertising business. We collaborate with franchisees around the nation. I constantly feel dreadful for these entrepreneur because they have such a difficult time producing company.
A typical firm in Atlanta, for instance, can utilize our lead solution in North Atlanta to generate 20-30 leads each month.
A franchisee in North Atlanta that only has the civil liberties to 7-8 zip codes can only produce 5-7 leads per month from our lead service.
To put it simply, if those franchisees had their own business, they could quickly raise their service 3-5 times! In various other terms, that suggests an boost from $500,000 to $2,000,000. This is a substantial restriction on your prospective organisation development.
As a franchisee, your only alternative is to acquire even more region, or such it up and also maintain your service tiny.
However if somebody else currently owns the nearby territory, you don't have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees and the franchisor have misaligned motivations. The franchisor intends to produce as much earnings as possible since they earn money a collection percent of income.
As the organisation proprietor, your objective is to make best use of earnings.
I'm a huge follower in lining up incentives, as well as in this instance, incentives are not aligned. They are playing a various game than you are. They wish to make best use of revenue in all of their areas, as well as market as lots of franchises as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a task. Let me reveal you why.
As a result of royalties, your margins finish up being around 10% -12% after all overhead.
In order to make $100k/year you 'd have to have a $1,000,000 service.
You can not have a $1,000,000 business in the tiny area. As well as even if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in nobilities of what?
That's a crazy quantity of money to pay your franchise ... the exact same company that has an arrangement that they hold over your head not allowing you to expand your service geographically.
They've obtained you by the spheres.
Or, you can buy an additional area to expand. However once more ... I 'd instead not have to pay for the right to expand my company. That's absurd.
Many franchise business wind up in the $500,000-$ 600,000 array. You can possibly make $80,000-$ 110,000, sure. Yet you likewise do not ever have adequate margin to employ other individuals to run the entire organisation, which is among the greatest advantages to developing a business.
You possibly aren't producing sufficient revenue to even work with truly strong employees. In our company, we pay about 5-6% to our production supervisor that looks after $1,000,000 in manufacturing. That's $50,000-$ 60,000 per year for the manager. If you are just doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your manufacturing manager, which is not sufficient money for a solid staff member.
Your choices are to pay a greater percentage ( eliminating your revenue margin), or get the job done on your own ( eliminating your way of life). Both of which are not very eye-catching options.
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IN SUMMARY:
You pay a great deal of cash to restrict your growth, you do not reach develop your very own thing, as well as if you wish to expand geographically you need to spend for the legal rights to do so ... thinking nobody else already owns the civil liberties to the territory you are shopping.
Due to your restrictions, as well as the high aristocracy charge, you are significantly limited in your capacity to expand your revenue, construct a strong group, and also construct a big 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 also training provided by the franchise
# 3-- They do it for the area of various other franchisees so they aren't alone
# 4-- They do it out of fear of failure
Currently, allow's look at options. Exactly how can you get all the advantages without paying the steep cost of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the cost of a franchise, you can purchase my organisation system. This is the exact service system we utilize as well as comply with in our organisation, which corrected $3,000,000 in profits in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program consists of training and also assistance. When you start with Painting Business Academy, you get access to the whole business system and also all of the training that accompanies 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 private members-only Facebook group. We have loads of inquiries asked on a daily basis from our members.
Our area is highly engaged as well as energetic.
People in our area even share their successes. Just a few days ago a person shared a Facebook advertising and marketing method, verbatim, that's eliminating it for their service.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not eliminate the fear of failing. With Painting Business Academy, you can obtain accessibility to a solid company plan, company training, as well as all of the done-for-you forms and also systems that are shown to build a million-dollar painting service.
You likewise obtain accessibility to the remarkable neighborhood of similar business owners doing the very same point as you that we discussed earlier. While you do pay 1/10th of the cost in advance (on the high end), you have NO aristocracies to pay afterwards.
The possibility of failing is the same whether you remain in a franchise or running your very own company. When you purchase a franchise, you are taking a bigger risk, indicating there's a larger failing if you do stop working.

WHAT NOW?
Before you buy a franchise as well as toss hundreds of bucks down the toilet for a tried and tested system, you may intend to examine out Painting Business Academy.
Painting Business Academy is additionally a tried and tested system to construct a million-dollar paint firm, with a area of hundreds of others. Additionally, there is no recurring royalty, as well as no geographical limitations to growth.
Get all of the advantages of a Painting Franchise in Sahuarita for a fraction of the price. Inspect the course out here as well as call me if you have any questions.
The paint business is a great company to be in! I wish you'll belong of it soon.
Great 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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