Don't Buy A Painting Business Franchise in Hayward CA

1. Home
2. Don't Buy A Painting Business Franchise in Hayward CA

---

---

---

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

Should You Buy a Painting Business Franchise in Hayward CA ?

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

If you are considering buying a painting franchise, stop right now.
I'm going to break down the fundamental issues with buying a painting franchise, as well as the alternative choices you need to start a paint business.

This is based on my experience growing a effective painting service where we considered ending up being a franchise business however selected a partnership arrangement instead. I hear the struggles of franchisee's regularly, and also I really feel for them.



Painting Business Franchise in Hayward CA 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 Hayward CA 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 Hayward CA ?

---

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

---

BR> I don't want you to end up in the exact same setting that numerous franchisees discover themselves in.
There is a better way! We will certainly begin with the problems of a franchise business, after that we'll enter into options.

PROBLEM # 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 larger franchise business out there.
These franchises range from $10,000-$ 40,000 in franchise costs just for the right to the franchise in a restricted variety of zip codes where you can operate your franchise.
They also take 6-9% as an recurring royalty ... forever.
If you stay in business for 10 years and you generate $5,000,000 in earnings, this franchise business winds up costing you upwards of $500,000. That's a steep rate to pay.
And also certainly you get some assistance and company systems, yet whatever that a franchise business gives 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 Hayward CA you are purchasing the rights to that service in a set area. You are designated a small number of zip codes where you have the legal rights to business.
This is a HUGE issue. The simplest way to grow and broaden a paint business is by increasing geographically. Franchise business remove this right.
Painter Choice is our advertising and marketing business. We collaborate with franchisees throughout the nation. I constantly feel horrible for these entrepreneur because they have such a hard time creating company.
A normal firm in Atlanta, for instance, can utilize our lead service in North Atlanta to produce 20-30 leads per month.
But a franchisee in North Atlanta who only owns the legal rights to 7-8 postal code can just produce 5-7 leads monthly from our lead solution.
Simply put, if those franchisees had their very own business, they could right away raise their business 3-5 times! In other terms, that indicates an rise from $500,000 to $2,000,000. This is a large restriction on your potential organisation growth.
As a franchisee, your only choice is to purchase more region, or such it up as well as maintain your company little.
If a person else currently has the close-by region, you do not have that choice.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees as well as the franchisor have misaligned rewards. The franchisor wants to produce as much earnings as feasible since they make money a set percent of income.
As the organisation proprietor, your objective is to take full advantage of earnings.
I'm a big believer in aligning rewards, and in this instance, rewards are not straightened. They are playing a various game than you are. They wish to take full advantage of profits in all of their territories, as well as sell as many franchise business as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a task. Allow me reveal you why.
Because of aristocracies, your margins end up being around 10% -12% besides overhead.
In order to make $100k/year you would certainly have to have a $1,000,000 organisation.
You can't have a $1,000,000 company in the little territory. As well as also if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in nobilities wherefore?
That's a ridiculous amount of money to pay your franchise business ... the same business that has an arrangement that they hold over your head not allowing you to grow your organisation geographically.
They've obtained you by the balls.
Or, you can buy an additional region to grow. Once again ... I would certainly instead not have to pay for the right to grow my organisation. That's ridiculous.
A lot of franchises wind up in the $500,000-$ 600,000 array. You can possibly make $80,000-$ 110,000, sure. However you additionally do not ever have enough margin to employ other individuals to run the whole service, which is one of the best benefits to constructing a company.
You most likely aren't creating enough earnings to even employ actually strong workers. In our firm, we pay regarding 5-6% to our manufacturing manager who manages $1,000,000 in production. That's $50,000-$ 60,000 annually for the manager. However if you are just doing $500,000 a year in earnings, you can pay 5% ($ 25,000) to your production manager, which is not nearly enough cash for a strong employee.
Your options are to pay a greater percent ( eliminating your revenue margin), or do the task on your own ( eliminating your way of living). Both of which are not very appealing alternatives.
.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 money to limit your development, you don't get to build your own thing, and if you intend to grow geographically you need to pay for the rights to do so ... thinking no one else currently possesses the rights to the territory you are shopping.
Because of your constraints, as well as the high nobility cost, you are significantly restricted in your capacity to grow your profits, develop a solid team, as well as construct a large business.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid service plan
# 2-- They do it for the support as well as training provided by the franchise
# 3-- They do it for the neighborhood of various other franchisees so they aren't alone
# 4-- They do it out of concern of failing
Now, let's check out services. Exactly how can you obtain all the advantages without paying the steep price of a franchise?

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

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program includes training and support. When you begin with Painting Business Academy, you obtain access to the entire service 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 on a daily basis from our participants.
Our neighborhood is very involved and active.
Individuals in our community even share their successes. Simply recently a person shared a Facebook advertising strategy, word for word, that's killing it for their service.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not remove the concern of failure. With Painting Business Academy, you can obtain accessibility to a solid company strategy, organisation training, and also all of the done-for-you kinds as well as systems that are confirmed to develop a million-dollar painting business.
You additionally obtain access to the fantastic community of similar entrepreneurs doing the very same thing as you that we spoke about previously. While you do pay 1/10th of the price up front (on the high-end), you have NO aristocracies to pay afterwards.
The possibility of failure coincides whether you remain in a franchise business or running your own organisation. When you get a franchise business, you are taking a larger threat, meaning there's a larger failing if you do stop working.

WHAT NOW?
Prior to you buy a franchise business and toss countless bucks down the bathroom for a tried and tested system, you could wish to look into Painting Business Academy.
Painting Business Academy is also a tested system to build a million-dollar paint business, with a area of numerous others. On top of that, there is no ongoing royalty, as well as no geographical constraints to development.
Get every one of the advantages of a Painting Business Franchise in Hayward CA for a fraction of the price. Examine the program out below and call me if you have any type of inquiries.
The painting business is a excellent service to be in! I hope you'll be a component of it quickly.
Great 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

<<<     Next
More from this cat.
Don't Buy A Painting Business Franchise in Stockton CA
Don't Buy A Painting Business Franchise in Jackson MS
Don't Buy A Painting Business Franchise in Toledo OH
Don't Buy A Painting Business Franchise in Jacksonville FL
Don't Buy A Painting Business Franchise in North Las Vegas NV

---

---