Don't Buy A Painting Business Franchise in Fayetteville NC

1. Home
2. Don't Buy A Painting Business Franchise in Fayetteville NC

---

---

---

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

Should You Buy a Painting Business Franchise in Fayetteville NC ?

Don't Buy a Painting Business Franchise in Fayetteville NC

• 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 Fayetteville NC
• 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 Business Franchise in Fayetteville NC

If you are thinking about getting a paint franchise business, stop today.
I'm going to damage down the essential problems with buying a paint franchise business, and the different options you have to begin a paint business.

This is based upon my experience growing a successful painting organisation where we took into consideration ending up being a franchise business yet opted for a partnership configuration rather. I hear the battles of franchisee's continuously, as well as I feel for them.



Painting Business Franchise in Fayetteville NC 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 Business Franchise in Fayetteville NC 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 Business Franchise in Fayetteville NC ?

---

Is it better to start a painting business or buy a Painting Business Franchise in Fayetteville NC ?

---

BR> I don't want you to wind up in the same placement that many franchisees find themselves in.
There is a better means! We will certainly begin with the issues of a franchise, then we'll obtain into services.

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 franchises available.
These franchise business vary from $10,000-$ 40,000 in franchise charges simply for the right to the franchise in a minimal variety of postal code where you can operate your franchise business.
They also take 6-9% as an recurring nobility ... for life.
If you stay in business for 10 years and also you generate $5,000,000 in earnings, this franchise ends up costing you upwards of $500,000. That's a high rate to pay.
And obviously you get some support and business systems, but whatever that a franchise business supplies can be obtained through other avenues for much less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in Fayetteville NC you are purchasing the rights to that service in a set region. You are designated a tiny number of zip codes where you have the civil liberties to business.
This is a HUGE trouble. The simplest means to grow and expand a painting company is by expanding geographically. Franchises take away this.
Painter Choice is our marketing firm. We work with franchisees all over the nation. I constantly feel awful for these business proprietors due to the fact that they have such a tough time producing service.
A normal company in Atlanta, as an example, can use our lead solution in North Atlanta to create 20-30 leads per month.
A franchisee in North Atlanta who just possesses the rights to 7-8 zip codes can only generate 5-7 leads per month from our lead service.
To put it simply, if those franchisees had their own organisation, they can immediately enhance their organisation 3-5 times! In other terms, that suggests an rise from $500,000 to $2,000,000. This is a enormous restriction on your possible organisation development.
As a franchisee, your only alternative is to buy more territory, or such it up as well as keep your service tiny.
Yet if another person already has the close-by area, you do not have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have misaligned motivations. The franchisor wishes to create as much profits as feasible since they make money a collection percent of profits.
As the company proprietor, your goal is to make the most of earnings.
I'm a huge follower in aligning rewards, as well as in this instance, motivations are not lined up. They are playing a different video game than you are. They want to maximize revenue in all of their areas, as well as offer as many franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a work. Let me show you why.
Since of royalties, your margins end up being around 10% -12% after all overhead.
In order to make $100k/year you 'd have to have a $1,000,000 organisation.
Yet you can not have a $1,000,000 service in the small area. And also if you can, you're stuck at a optimum of $100,000 for on your own. You're paying $70k-$ 100k/year in nobilities of what?
That's a crazy quantity of cash to pay your franchise business ... the very same company that has an arrangement that they hold over your head not enabling you to expand your business geographically.
They've got you by the balls.
Or, you can get an additional territory to grow. However once more ... I would certainly instead not need to spend for the right to expand my company. That's unreasonable.
A lot of franchises finish up in the $500,000-$ 600,000 range. You can probably make $80,000-$ 110,000, sure. Yet you additionally don't ever before have sufficient margin to employ various other individuals to run the whole service, which is just one of the best advantages to constructing a company.
You possibly aren't producing adequate income to also hire really strong employees. In our company, we pay about 5-6% to our manufacturing supervisor who oversees $1,000,000 in manufacturing. That's $50,000-$ 60,000 each year for the supervisor. However if you are just doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your manufacturing manager, which is inadequate cash for a solid worker.
Your options are to pay a greater percentage (killing your revenue margin), or do the work yourself ( eliminating your lifestyle). Both of which are not extremely 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 great deal of money to limit your growth, you don't reach develop your own point, as well as if you wish to expand geographically you require to spend for the legal rights to do so ... thinking nobody else already possesses the rights to the region you are shopping.
As a result of your restrictions, and also the high nobility cost, you are substantially restricted in your capability to grow your revenue, construct a strong group, and build a large organisation.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong organisation plan
# 2-- They do it for the support as well as training offered by the franchise business
# 3-- They do it for the community of various other franchisees so they aren't alone
# 4-- They do it out of fear of failure
Currently, allow's check out remedies. Exactly how can you obtain all the benefits without paying the steep rate of a franchise?

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

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course includes training and also assistance. When you obtain started with Painting Business Academy, you get access to the entire company 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 sign up with Painting Business Academy, you additionally join our personal members-only Facebook team. We have loads of inquiries asked each day from our members.
Our community is highly engaged and also energetic.
Individuals in our area also share their successes. Just a few days ago somebody shared a Facebook advertising and marketing approach, word for word, that's eliminating 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 failure. With Painting Business Academy, you can obtain access to a strong company plan, business training, and all of the done-for-you forms and systems that are shown to construct a million-dollar paint service.
You additionally obtain accessibility to the outstanding community of like-minded entrepreneurs doing the exact same point as you that we spoke about earlier. While you do pay 1/10th of the price in advance (on the luxury), you have NO royalties to pay afterwards.
The likelihood of failing is the exact same whether you remain in a franchise business or running your very own organisation. When you purchase a franchise business, you are taking a bigger danger, implying there's a larger failure if you do fail.

SO WHAT NOW?
Prior to you spend in a franchise business and toss countless bucks down the bathroom for a proven system, you may wish to look into Painting Business Academy.
Painting Business Academy is also a tried and tested system to construct a million-dollar paint firm, with a neighborhood of thousands of others. On top of that, there is no recurring nobility, as well as no geographical limitations to development.
Get every one of the advantages of a Painting Business Franchise in Fayetteville NC for a fraction of the rate. Inspect the program out here and also call me if you have any inquiries.
The painting business is a fantastic company to be in! I hope you'll belong of it quickly.
Best of 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

Back     Next Post
Additional Info.
Don't Buy A Painting Business Franchise in Chula Vista CA
Don't Buy A Painting Business Franchise in Wichita KS
Don't Buy A Painting Business Franchise in Pittsburgh PA
Don't Buy A Painting Business Franchise in North Glendale CA
Don't Buy A Painting Business Franchise in Irvine

---

---