Don't Buy A Painting Business Franchise in Greenville NC

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

---

---

---

Up One Level
Painting Franchise - PaintingBusinessAcademy.com ##generated-article-tags##

Should You Buy a Painting Business Franchise in Greenville NC ?

Don't Buy a Painting Business Franchise in Greenville 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 Greenville 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 Greenville NC

If you are thinking about buying a painting franchise business, stop today.
I'm mosting likely to break down the basic issues with buying a paint franchise, and the different options you need to start a paint firm.

This is based upon my experience expanding a successful paint business where we thought about becoming a franchise however selected a collaboration arrangement instead. I hear the struggles of franchisee's regularly, and also I really feel for them.



Painting Business Franchise in Greenville 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 Greenville 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 Greenville NC ?

---

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

---

BR> I don't desire you to end up in the same setting that lots of franchisees locate themselves in.
There is a better method! We will begin with the troubles of a franchise, then we'll get involved in options.

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 franchise business available.
These franchises range from $10,000-$ 40,000 in franchise business charges just for the right to the franchise in a restricted number of zip codes where you can operate your franchise business.
They also take 6-9% as an ongoing nobility ... for life.
If you stay in business for 10 years as well as you generate $5,000,000 in revenue, this franchise business winds up costing you upwards of $500,000. That's a high rate to pay.
And also certainly you get some assistance as well as organisation systems, however everything that a franchise provides can be acquired with other opportunities for a lot less than $500,000.

PROBLEM # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you get a Painting Business Franchise in Greenville NC you are acquiring the legal rights to that business in a established territory. You are assigned a handful of zip codes where you have the civil liberties to the organisation.
This is a HUGE trouble. The easiest means to grow as well as broaden a paint service is by increasing geographically. Franchise business take away this.
Painter Choice is our advertising and marketing company. We collaborate with franchisees all over the nation. I constantly feel dreadful for these local business owner because they have such a tough time creating company.
A typical company in Atlanta, for instance, can use our lead solution in North Atlanta to create 20-30 leads monthly.
Yet a franchisee in North Atlanta who just possesses the civil liberties to 7-8 postal code can just create 5-7 leads per month from our lead solution.
To put it simply, if those franchisees had their own service, they can immediately increase their service 3-5 times! In other terms, that implies an rise from $500,000 to $2,000,000. This is a substantial constraint on your potential business growth.
As a franchisee, your only choice is to purchase more territory, or such it up and keep your service small.
If a person else already has the nearby area, you do not have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees and also the franchisor have misaligned motivations. The franchisor wishes to generate as much profits as possible due to the fact that they earn money a set percent of profits.
As the service owner, your goal is to make the most of revenue.
I'm a large follower in aligning motivations, as well as in this situation, motivations are not straightened. They are playing a various video game than you are. They want to take full advantage of earnings in all of their regions, as well as offer as numerous franchise business as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a work. Let me show you why.
As a result of aristocracies, your margins finish up being around 10% -12% besides overhead.
In order to make $100k/year you 'd have to have a $1,000,000 company.
You can not have a $1,000,000 service in the small region. 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 ridiculous amount of cash to pay your franchise ... the same business that has an contract that they hold over your head not permitting you to expand your company geographically.
They've got you by the rounds.
Or, you can purchase one more region to grow. Again ... I would certainly rather not have to pay for the right to expand my company. That's unreasonable.
The majority of franchise business end up in the $500,000-$ 600,000 array. You can possibly make $80,000-$ 110,000, sure. However you likewise do not ever have enough margin to work with various other individuals to run the whole business, which is one of the best advantages to constructing a company.
You probably aren't creating adequate earnings to even hire really strong staff members. In our business, we pay about 5-6% to our manufacturing supervisor who manages $1,000,000 in production. That's $50,000-$ 60,000 each year for the supervisor. However if you are just doing $500,000 a year in revenue, you can pay 5% ($ 25,000) to your production manager, which is inadequate money for a solid employee.
Your alternatives are to pay a higher percent (killing your profit margin), or get the job done yourself ( eliminating your way of life). Both of which are not really eye-catching options.
.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 lot of cash to restrict your growth, you do not obtain to build your very own thing, and also if you intend to grow geographically you need to pay for the legal rights to do so ... thinking nobody else currently has the rights to the territory you are trying to get.
Because of your restrictions, as well as the high aristocracy cost, you are significantly restricted in your ability to expand your income, build a strong team, and also develop a large 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 assistance and also training provided 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 anxiety of failure
Now, allow's check out solutions. How can you obtain all the advantages without paying the steep rate of a franchise?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the expense of a franchise business, you can purchase my business system. This is the specific service system we use and comply with in our organisation, which did over $3,000,000 in revenue in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course includes training as well as assistance. When you get going with Painting Business Academy, you get accessibility to the entire business 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 also join our personal members-only Facebook team. We have lots of questions asked every day from our participants.
Our area is highly involved and energetic.
Individuals in our community even share their successes. Simply a few days ago somebody shared a Facebook advertising approach, word for word, that's eliminating it for their business.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more money does not eliminate the anxiety of failing. With Painting Business Academy, you can get access to a solid service strategy, company training, as well as all of the done-for-you kinds as well as systems that are shown to construct a million-dollar paint service.
You additionally obtain access to the impressive area of like-minded entrepreneurs doing the exact same thing as you that we spoke about earlier. While you do pay 1/10th of the cost up front (on the high end), you have NO nobilities to pay afterwards.
The probability of failure coincides whether you are in a franchise business or running your own company. When you buy a franchise, you are taking a bigger danger, indicating there's a larger failing if you do stop working.

SO WHAT NOW?
Prior to you purchase a franchise and also throw thousands of dollars down the commode for a tested system, you may intend to have a look at Painting Business Academy.
Painting Business Academy is likewise a tried and tested system to develop a million-dollar painting firm, with a area of numerous others. Additionally, there is no ongoing aristocracy, as well as no geographical constraints to growth.
Obtain all of the advantages of a Painting Business Franchise in Greenville NC for a fraction of the price. Check the training course out right here as well as contact me if you have any kind of inquiries.
The paint business is a wonderful company to be in! I wish you'll belong of it soon.
All the best!

• 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

<<<     Forward
More Info.
Don't Buy A Painting Business Franchise in Longmont CO
Don't Buy A Painting Business Franchise in Yonkers NY
Don't Buy A Painting Business Franchise in Carlsbad CA
Don't Buy A Painting Business Franchise in Canton MI
Don't Buy A Painting Business Franchise in Centennial CO

---

---