Don't Buy A Painting Business Franchise in Gary IN

1. Home
2. Don't Buy A Painting Business Franchise in Gary IN

---

---

---

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

Should You Buy a Painting Business Franchise in Gary IN ?

Don't Buy a Painting Business Franchise in Gary IN

• 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 Gary IN
• 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 Gary IN

If you are thinking of purchasing a paint franchise, stop now.
I'm going to break down the essential problems with getting a painting franchise, and also the alternative options you have to start a painting business.

This is based upon my experience expanding a successful paint organisation where we took into consideration becoming a franchise business but selected a collaboration arrangement rather. I hear the struggles of franchisee's regularly, and I feel for them.



Painting Business Franchise in Gary IN 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 Gary IN 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 Gary IN ?

---

Is it better to start a painting business or buy a Painting Business Franchise in Gary IN ?

---

BR> I do not want you to wind up in the very same placement that numerous franchisees discover themselves in.
There is a better way! We will certainly begin with the troubles of a franchise business, then we'll get involved in 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 bigger franchise business around.
These franchise business range from $10,000-$ 40,000 in franchise charges just for the right to the franchise in a restricted number of postal code where you can operate your franchise business.
They likewise take 6-9% as an ongoing royalty ... permanently.
If you are in company for 10 years as well as you generate $5,000,000 in income, this franchise business finishes up costing you upwards of $500,000. That's a high cost to pay.
And also of program you obtain some assistance and business systems, however everything that a franchise gives can be acquired through other opportunities for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in Gary IN you are acquiring the civil liberties to that organisation in a set region. You are designated a handful of zip codes where you have the rights to business.
This is a HUGE problem. The most convenient means to expand and expand a painting organisation is by broadening geographically. Franchise business take away this.
Painter Choice is our advertising and marketing firm. We collaborate with franchisees around the country. I always really feel terrible for these organisation owners because they have such a difficult time producing organisation.
A normal firm in Atlanta, for instance, can use our lead service in North Atlanta to produce 20-30 leads monthly.
Yet a franchisee in North Atlanta that only has the civil liberties to 7-8 postal code can only create 5-7 leads per month from our lead service.
In other words, if those franchisees had their own company, they might instantly raise their company 3-5 times! In other terms, that suggests an rise from $500,000 to $2,000,000. This is a huge limitation on your possible service growth.
As a franchisee, your only option is to purchase more area, or such it up and maintain your service small.
However if somebody else already possesses the close-by region, you do not have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees and also the franchisor have actually misaligned motivations. The franchisor intends to produce as much profits as feasible since they earn money a collection percent of revenue.
As the company proprietor, your objective is to make best use of revenue.
I'm a large follower in aligning incentives, as well as in this situation, motivations are not lined up. They are playing a various game than you are. They want to optimize profits in all of their areas, as well as market as lots of franchises as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a job. Allow me reveal you why.
Due to the fact that of royalties, your margins end up being around 10% -12% nevertheless business expenses.
In order to make $100k/year you would certainly need to have a $1,000,000 service.
Yet you can't have a $1,000,000 business in the small region. As well as also if you can, you're stuck at a optimum of $100,000 for yourself. You're paying $70k-$ 100k/year in nobilities for what?
That's a ludicrous amount of money to pay your franchise business ... the very same firm that has an agreement that they hold over your head not enabling you to expand your service geographically.
They've got you by the spheres.
Or, you can buy another region to grow. However once more ... I would certainly rather not have to spend for the right to expand my business. That's absurd.
Most franchise business wind up in the $500,000-$ 600,000 array. You can probably make $80,000-$ 110,000, sure. You additionally don't ever have sufficient margin to employ various other individuals to run the whole organisation, which is one of the best benefits to building a company.
You possibly aren't generating adequate revenue to even hire actually solid employees. In our company, we pay regarding 5-6% to our manufacturing manager that oversees $1,000,000 in manufacturing. That's $50,000-$ 60,000 each year for the manager. If you are just doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is not sufficient cash for a strong employee.
Your options are to pay a greater percent ( eliminating your revenue margin), or do the job on your own ( eliminating your lifestyle). Both of which are not really appealing 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 cash to restrict your development, you do not get to construct your own thing, as well as if you desire to grow geographically you need to pay for the civil liberties to do so ... assuming no one else already possesses the legal rights to the region you are attempting to get.
Because of your constraints, and the high nobility cost, you are considerably restricted in your capacity to expand your profits, construct a solid team, and also build a large organisation.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid service strategy
# 2-- They do it for the support and 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 anxiety of failure
Currently, allow's take a look at remedies. Exactly how can you get all the benefits without paying the high cost of a franchise business?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the cost of a franchise, you can acquire my organisation system. This is the specific organisation system we make use of and adhere to in our service, which did over $3,000,000 in revenue in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course includes training and also support. When you start with Painting Business Academy, you get access to the entire service system as well as all of the training that accompanies 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 exclusive members-only Facebook group. We have dozens of questions asked daily from our members.
Our neighborhood is highly involved as well as active.
Individuals in our neighborhood also share their successes. Just a few days ago someone shared a Facebook advertising method, word for word, that's eliminating it for their service.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more money does not remove the worry of failure. With Painting Business Academy, you can obtain accessibility to a strong company strategy, service training, and also all of the done-for-you types and also systems that are shown to develop a million-dollar painting organisation.
You likewise get accessibility to the impressive neighborhood of similar entrepreneurs doing the very same thing as you that we discussed previously. While you do pay 1/10th of the expense up front (on the high-end), you have NO royalties to pay after that.
The probability of failing is the same whether you remain in a franchise or running your own company. Nonetheless, when you get a franchise business, you are taking a bigger risk, meaning there's a bigger failure if you do stop working.

SO WHAT NOW?
Before you invest in a franchise business and also throw thousands of bucks down the commode for a proven system, you might want 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 neighborhood of thousands of others. Additionally, there is no continuous royalty, and no geographical restrictions to growth.
Get every one of the advantages of a Painting Business Franchise in Gary IN for a fraction of the rate. Check the training course out below and call me if you have any type of questions.
The painting business is a great company to be in! I wish you'll be a component of it soon.
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

Last Article     >>>
See also...
Don't Buy A Painting Business Franchise in Oklahoma City OK
Don't Buy A Painting Business Franchise in Ventura CA
Don't Buy A Painting Business Franchise in Cranston RI
Don't Buy A Painting Business Franchise in Alexandria VA
Don't Buy A Painting Business Franchise in Albuquerque NM

---

---