Don't Buy A Painting Business Franchise in Citrus Heights CA

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Should You Buy a Painting Business Franchise in Citrus Heights CA ?

Don't Buy a Painting Business Franchise in Citrus Heights CA

• 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 Citrus Heights CA
• 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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• 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 Business Franchise in Citrus Heights CA

If you are thinking about acquiring a paint franchise, stop today.
I'm going to damage down the basic troubles with purchasing a paint franchise business, and the alternative choices you need to begin a paint business.

This is based on my experience expanding a effective painting service where we considered coming to be a franchise business but opted for a partnership setup rather. I listen to the battles of franchisee's frequently, as well as I feel for them.



Painting Business Franchise in Citrus Heights CA 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 Citrus Heights CA 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 Citrus Heights CA ?

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Is it better to start a painting business or buy a Painting Business Franchise in Citrus Heights CA ?

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BR> I do not want you to finish up in the same position that many franchisees find themselves in.
There is a much better method! We will begin with the issues of a franchise, then we'll enter options.

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 larger franchises out there.
These franchise business vary from $10,000-$ 40,000 in franchise business costs simply for the right to the franchise business in a restricted number of postal code where you can operate your franchise business.
They also take 6-9% as an ongoing royalty ... permanently.
If you stay in business for 10 years as well as you create $5,000,000 in earnings, this franchise finishes up costing you upwards of $500,000. That's a steep cost to pay.
As well as obviously you obtain some assistance as well as business systems, but everything that a franchise offers can be gotten with other avenues for a lot less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Business Franchise in Citrus Heights CA you are getting the legal rights to that business in a set area. You are designated a little number of postal code where you have the rights to business.
This is a HUGE issue. The simplest way to grow and also increase a painting service is by increasing geographically. Franchises take away this.
Painter Choice is our advertising and marketing firm. We collaborate with franchisees throughout the nation. I always feel awful for these entrepreneur due to the fact that they have such a difficult time producing service.
A common company in Atlanta, for example, can use our lead service in North Atlanta to create 20-30 leads per month.
A franchisee in North Atlanta that just possesses the rights to 7-8 zip codes can just create 5-7 leads per month from our lead solution.
In other words, if those franchisees had their very own organisation, they could promptly increase their business 3-5 times! In various other terms, that implies an increase from $500,000 to $2,000,000. This is a massive limitation on your possible business development.
As a franchisee, your only option is to acquire more territory, or such it up and keep your organisation tiny.
But if another person currently has the neighboring region, you do not have that choice.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees and the franchisor have actually misaligned motivations. The franchisor desires to create as much profits as feasible since they obtain paid a collection percent of income.
As the business owner, your objective is to maximize earnings.
I'm a big believer in lining up rewards, as well as in this situation, incentives are not lined up. They are playing a different game than you are. They intend to optimize income in all of their regions, and also market as lots of franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a job. Let me reveal you why.
Due to nobilities, your margins end up being around 10% -12% after all overhead.
In order to make $100k/year you 'd need to have a $1,000,000 organisation.
You can not have a $1,000,000 company in the small territory. As well as also if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in royalties for what?
That's a crazy amount of cash to pay your franchise ... the exact same business that has an arrangement that they hold over your head not permitting you to expand your service geographically.
They've got you by the spheres.
Or, you can purchase an additional region to grow. However once again ... I would certainly instead not need to pay for the right to expand my service. That's unreasonable.
The majority of franchise business finish up in the $500,000-$ 600,000 array. You can probably make $80,000-$ 110,000, sure. You also do not ever have enough margin to hire various other individuals to run the entire company, which is one of the greatest advantages to developing a company.
You most likely aren't creating sufficient profits to also employ truly solid employees. In our firm, we pay about 5-6% to our production manager who supervises $1,000,000 in manufacturing. That's $50,000-$ 60,000 per year for the supervisor. Yet if you are just doing $500,000 a year in revenue, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is inadequate cash for a strong staff member.
Your alternatives are to pay a higher portion ( eliminating your revenue margin), or get the job done on your own (killing your lifestyle). Both of which are not really appealing alternatives.
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IN SUMMARY:
You pay a great deal of cash to limit your development, you don't obtain to develop your own thing, and also if you want to expand geographically you require to spend for the legal rights to do so ... assuming no one else currently has the legal rights to the area you are trying to buy.
As a result of your limitations, as well as the high aristocracy cost, you are substantially limited in your ability to expand your revenue, construct a strong team, and build a huge company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid company strategy
# 2-- They do it for the assistance as well as training supplied by the franchise
# 3-- They do it for the neighborhood of various other franchisees so they aren't alone
# 4-- They do it out of concern of failure
Currently, let's look at solutions. How can you get all the benefits without paying the high price of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise business, you can acquire my service system. This is the exact organisation system we utilize as well as comply with 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 consists of training and also support. When you obtain started with Painting Business Academy, you obtain access to the entire company system and also all of the training that goes along with 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 personal members-only Facebook team. We have loads of inquiries asked daily from our members.
Our area is extremely involved and also energetic.
People in our neighborhood even share their successes. Simply recently somebody shared a Facebook advertising and marketing method, verbatim, that's killing it for their service.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more cash does not get rid of the fear of failing. With Painting Business Academy, you can get accessibility to a solid company plan, business training, and also all of the done-for-you forms and also systems that are confirmed to develop a million-dollar painting business.
You also get accessibility to the outstanding area of similar business owners doing the very same point as you that we spoke about previously. While you do pay 1/10th of the price in advance (on the luxury), you have NO aristocracies to pay afterwards.
The chance of failing is the very same whether you are in a franchise business or running your very own service. When you get a franchise, you are taking a larger threat, implying there's a bigger failing if you do fall short.

SO WHAT NOW?
Before you purchase a franchise and toss hundreds of bucks down the toilet for a proven system, you might intend to look into Painting Business Academy.
Painting Business Academy is additionally a tested system to build a million-dollar painting business, with a community of hundreds of others. On top of that, there is no continuous aristocracy, and no geographical restrictions to growth.
Obtain every one of the benefits of a Painting Business Franchise in Citrus Heights CA for a fraction of the rate. Inspect the course out here as well as contact me if you have any kind of questions.
The paint business is a wonderful business to be in! I wish you'll be a component of it soon.
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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