Don't Buy A Painting Business Franchise in Fullerton CA

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Should You Buy a Painting Business Franchise in Fullerton CA ?

Don't Buy a Painting Business Franchise in Fullerton 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 Fullerton 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
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• 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 Fullerton CA

If you are thinking about purchasing a paint franchise business, quit now.
I'm mosting likely to break down the basic problems with buying a painting franchise business, and the alternative choices you need to start a paint business.

This is based on my experience growing a successful painting company where we took into consideration becoming a franchise but selected a collaboration setup rather. I hear the battles of franchisee's continuously, and I feel for them.



Painting Business Franchise in Fullerton 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 Fullerton 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 Fullerton CA ?

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

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BR> I don't desire you to wind up in the exact same setting that lots of franchisees find themselves in.
There is a much better way! We will begin with the issues of a franchise, then we'll get involved in services.

ISSUE # 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 around.
These franchises vary from $10,000-$ 40,000 in franchise business charges just for the right to the franchise business in a restricted variety of postal code where you can operate your franchise business.
They also take 6-9% as an continuous aristocracy ... forever.
If you are in company for 10 years and you create $5,000,000 in profits, this franchise finishes up costing you upwards of $500,000. That's a steep rate to pay.
And certainly you obtain some support and organisation systems, yet everything that a franchise provides can be gotten through various other methods 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 Fullerton CA you are getting the civil liberties to that organisation in a set region. You are assigned a handful of postal code where you have the rights to business.
This is a HUGE issue. The simplest way to grow and broaden a painting organisation is by increasing geographically. Franchise business remove this right.
Painter Choice is our advertising and marketing firm. We collaborate with franchisees all over the country. I always feel dreadful for these local business owner due to the fact that they have such a tough time creating organisation.
A regular business in Atlanta, as an example, can utilize our lead service in North Atlanta to produce 20-30 leads each month.
However a franchisee in North Atlanta that only possesses the rights to 7-8 postal code can only generate 5-7 leads per month from our lead solution.
To put it simply, if those franchisees had their very own organisation, they can immediately boost their company 3-5 times! In various other terms, that suggests an increase from $500,000 to $2,000,000. This is a huge restriction on your possible organisation development.
As a franchisee, your only alternative is to buy more territory, or such it up as well as maintain your organisation tiny.
But if somebody else currently possesses the close-by area, you do not have that choice.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees and also the franchisor have actually misaligned motivations. The franchisor wants to generate as much earnings as feasible due to the fact that they make money a set percent of revenue.
Yet as the organisation owner, your objective is to make the most of revenue.
I'm a large follower in straightening rewards, and also in this case, incentives are not lined up. They are playing a different video game than you are. They wish to optimize earnings in all of their territories, as well as sell as lots of franchise business as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a work. Allow me show you why.
Due to aristocracies, your margins wind up being around 10% -12% besides business costs.
In order to make $100k/year you 'd need to have a $1,000,000 business.
You can not have a $1,000,000 business in the tiny territory. As well as also if you can, you're stuck at a optimum of $100,000 for on your own. You're paying $70k-$ 100k/year in aristocracies of what?
That's a crazy amount of cash to pay your franchise ... the very same company that has an arrangement that they hold over your head not permitting you to grow your service geographically.
They've obtained you by the spheres.
Or, you can buy another region to expand. However once again ... I would certainly instead not have to pay for the right to grow my organisation. That's ridiculous.
Most franchise business wind up in the $500,000-$ 600,000 variety. You can most likely make $80,000-$ 110,000, sure. You additionally don't ever have enough margin to employ other individuals to run the entire business, which is one of the greatest advantages to building a firm.
You most likely aren't producing adequate revenue to even hire truly solid employees. In our company, we pay regarding 5-6% to our manufacturing supervisor that looks after $1,000,000 in manufacturing. That's $50,000-$ 60,000 annually for the manager. If you are only doing $500,000 a year in earnings, you can pay 5% ($ 25,000) to your production manager, which is not adequate cash for a strong worker.
Your choices are to pay a higher percentage (killing your revenue margin), or get the job done on your own (killing your way of life). Both of which are not really eye-catching options.
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IN SUMMARY:
You pay a great deal of cash to limit your development, you do not reach develop your very own point, and also if you want to grow geographically you require to pay for the civil liberties to do so ... presuming no one else already owns the rights to the area you are attempting to get.
Due to your limitations, and also the high nobility fee, you are significantly restricted in your ability to expand your income, build a solid team, and construct a huge company.

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 and also training supplied 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 concern of failing
Currently, let's take a look at options. Just how can you obtain all the benefits without paying the high cost of a franchise business?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the expense of a franchise, you can buy my company system. This is the exact organisation system we make use of as well as comply with in our business, which corrected $3,000,000 in earnings in 2016.

ADVANTAGE # 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 get access to the entire business system as well as all of the training that supports 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 group. We have lots of concerns asked everyday from our participants.
Our neighborhood is extremely involved and active.
People in our area also share their successes. Simply recently somebody shared a Facebook marketing approach, verbatim, that's eliminating it for their business.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not get rid of the worry of failing. With Painting Business Academy, you can obtain access to a strong company plan, company training, and also all of the done-for-you types and systems that are verified to construct a million-dollar paint company.
You likewise obtain accessibility to the remarkable area of similar entrepreneurs doing the exact same thing as you that we spoke about previously. While you do pay 1/10th of the cost up front (on the luxury), you have NO royalties to pay after that.
The probability of failure coincides whether you remain in a franchise business or running your very own service. When you get a franchise business, you are taking a larger risk, meaning there's a bigger failing if you do fail.

SO WHAT NOW?
Prior to you buy a franchise business and also toss hundreds of dollars down the commode for a tried and tested system, you could intend to have a look at Painting Business Academy.
Painting Business Academy is additionally a tested system to construct a million-dollar paint business, with a area of hundreds of others. Additionally, there is no ongoing aristocracy, as well as no geographical constraints to development.
Obtain all of the advantages of a Painting Business Franchise in Fullerton CA for a portion of the price. Examine the course out below and also contact me if you have any questions.
The paint business is a fantastic business to be in! I hope you'll be a component of it soon.
Good good 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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