Don't Buy A Painting Business Franchise in Concord CA

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Should You Buy a Painting Business Franchise in Concord CA ?

Don't Buy a Painting Business Franchise in Concord 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 Concord 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
• Franchise News Room
• News By Industry
• About
• Training Support
• Training
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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 Concord CA

If you are thinking about acquiring a paint franchise business, stop now.
I'm mosting likely to break down the essential issues with purchasing a paint franchise business, as well as the alternative choices you need to start a paint company.

This is based on my experience growing a successful paint organisation where we considered ending up being a franchise business but selected a collaboration arrangement instead. I listen to the battles of franchisee's constantly, and I really feel for them.



Painting Business Franchise in Concord 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 Concord 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 Concord CA ?

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

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BR> I do not desire you to wind up in the same position that lots of franchisees locate themselves in.
There is a far better method! We will certainly begin with the issues of a franchise business, then we'll enter into solutions.

PROBLEM # 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 charges just for the right to the franchise business in a minimal number of postal code where you can operate your franchise business.
They likewise take 6-9% as an recurring aristocracy ... 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 high price to pay.
And obviously you get some support as well as company systems, but whatever that a franchise business offers can be obtained via other opportunities for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you acquire a Painting Business Franchise in Concord CA you are getting the civil liberties to that business in a established region. You are assigned a small number of postal code where you have the civil liberties to the business.
This is a HUGE trouble. The easiest way to expand and broaden a paint organisation is by broadening geographically. Franchise business take away this right.
Painter Choice is our advertising and marketing business. We deal with franchisees all over the country. I always really feel dreadful for these company 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 create 20-30 leads each month.
Yet a franchisee in North Atlanta that only has the civil liberties to 7-8 zip codes can just produce 5-7 leads each month from our lead solution.
In other words, if those franchisees had their own company, they can immediately boost their organisation 3-5 times! In other terms, that means an boost from $500,000 to $2,000,000. This is a large restriction on your possible business development.
As a franchisee, your only option is to purchase more area, or such it up as well as keep your service small.
If someone else already owns the close-by area, you do not have that alternative.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have actually misaligned incentives. The franchisor wants to produce as much revenue as possible because they make money a set percent of earnings.
Yet as the organisation proprietor, your objective is to maximize revenue.
I'm a huge follower in lining up rewards, and in this instance, incentives are not straightened. They are playing a various game than you are. They wish to optimize income in all of their areas, as well as sell as lots of franchises as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a work. Let me show you why.
Because of nobilities, your margins wind up being around 10% -12% after all organisation expenses.
In order to make $100k/year you 'd need to have a $1,000,000 business.
You can not have a $1,000,000 company in the little area. And also even if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in aristocracies of what?
That's a ludicrous amount of cash to pay your franchise business ... the very same firm that has an arrangement that they hold over your head not permitting you to expand your service geographically.
They've got you by the balls.
Or, you can purchase one more territory to grow. Once more ... I would certainly rather not have to pay for the right to grow my company. That's unreasonable.
A lot of franchises end up in the $500,000-$ 600,000 array. You can most likely make $80,000-$ 110,000, sure. You additionally don't ever have sufficient margin to employ other people to run the whole service, which is one of the best benefits to constructing a firm.
You most likely aren't producing adequate revenue to even work with really solid workers. In our business, we pay concerning 5-6% to our manufacturing manager who looks after $1,000,000 in production. That's $50,000-$ 60,000 annually for the supervisor. But if you are only doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your production supervisor, which is not enough money for a solid staff member.
Your options are to pay a higher portion ( eliminating your profit margin), or get the job done yourself (killing your way of living). Both of which are not really attractive choices.
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IN SUMMARY:
You pay a lot of cash to limit your growth, you don't get to build your very own point, and also if you want to grow geographically you require to spend for the civil liberties to do so ... assuming nobody else currently has the legal rights to the area you are trying to buy.
Due to your restrictions, as well as the high royalty fee, you are substantially limited in your capability to grow your profits, develop a strong group, and construct a huge organisation.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong organisation strategy
# 2-- They do it for the support as well as training given by the franchise
# 3-- They do it for the community of various other franchisees so they aren't alone
# 4-- They do it out of fear of failing
Now, allow's look at remedies. Exactly how can you get all the benefits without paying the high cost of a franchise?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise, you can acquire my organisation system. This is the precise service system we utilize as well as comply with in our organisation, which did over $3,000,000 in earnings in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program includes training and assistance. When you get going with Painting Business Academy, you obtain access to the entire company system and 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 sign up with Painting Business Academy, you additionally join our personal members-only Facebook group. We have loads of questions asked daily from our members.
Our area is extremely engaged and also active.
People in our area also share their successes. Just a few days ago someone shared a Facebook marketing method, verbatim, that's eliminating it for their business.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not eliminate the anxiety of failure. With Painting Business Academy, you can get access to a strong company strategy, service training, and all of the done-for-you kinds and also systems that are shown to develop a million-dollar paint company.
You additionally get access to the amazing neighborhood of like-minded business owners doing the exact same thing as you that we spoke about earlier. While you do pay 1/10th of the cost in advance (on the high end), you have NO aristocracies to pay after that.
The likelihood of failing coincides whether you are in a franchise or running your own business. Nevertheless, when you acquire a franchise business, you are taking a bigger danger, indicating there's a larger failure if you do stop working.

WHAT NOW?
Before you spend in a franchise business and also throw countless bucks down the toilet for a tried and tested system, you might wish to have a look at Painting Business Academy.
Painting Business Academy is also a tested system to build a million-dollar painting company, with a area of hundreds of others. Additionally, there is no ongoing nobility, and no geographical restrictions to development.
Obtain every one of the advantages of a Painting Business Franchise in Concord CA for a portion of the rate. Examine the program out right here and call me if you have any type of inquiries.
The painting business is a excellent company to be in! I wish you'll be a component of it soon.
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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