Don't Buy A Painting Business Franchise in Los Angeles CA

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

---

---

---

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

Should You Buy a Painting Business Franchise in Los Angeles CA ?

Don't Buy a Painting Business Franchise in Los Angeles 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 Los Angeles 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 Los Angeles CA

If you are considering purchasing a paint franchise business, quit today.
I'm going to break down the fundamental troubles with buying a paint franchise business, and also the alternate options you need to begin a paint business.

This is based on my experience growing a successful painting business where we thought about ending up being a franchise however chose a collaboration configuration rather. I hear the battles of franchisee's frequently, and also I really feel for them.



Painting Business Franchise in Los Angeles 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 Los Angeles 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 Los Angeles CA ?

---

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

---

BR> I don't want you to finish up in the very same position that many franchisees find themselves in.
There is a better way! We will begin with the problems of a franchise business, after that we'll enter services.

TROUBLE # 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 franchises available.
These franchise business vary from $10,000-$ 40,000 in franchise business fees just for the right to the franchise in a limited number of postal code where you can run your franchise business.
They likewise take 6-9% as an recurring aristocracy ... permanently.
If you are in service for 10 years and also you produce $5,000,000 in income, this franchise business finishes up costing you upwards of $500,000. That's a high rate to pay.
And certainly you get some assistance and also organisation systems, yet whatever that a franchise business gives can be acquired via various other avenues for a lot less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in Los Angeles CA you are buying the legal rights to that company in a established area. You are assigned a tiny number of postal code where you have the civil liberties to the organisation.
This is a HUGE issue. The simplest method to grow and also expand a paint company is by increasing geographically. Franchise business remove this right.
Painter Choice is our marketing business. We deal with franchisees all over the country. I constantly really feel terrible for these company owner because they have such a tough time generating company.
A regular business in Atlanta, for example, can utilize our lead solution in North Atlanta to produce 20-30 leads monthly.
A franchisee in North Atlanta that only has the rights to 7-8 zip codes can only generate 5-7 leads per month from our lead solution.
To put it simply, if those franchisees had their own company, they might immediately boost their service 3-5 times! In other terms, that implies an boost from $500,000 to $2,000,000. This is a substantial constraint on your potential company development.
As a franchisee, your only option is to acquire even more area, or such it up and maintain your business little.
However if somebody else already owns the nearby territory, you don't have that alternative.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees as well as the franchisor have actually misaligned motivations. The franchisor wants to generate as much earnings as feasible since they earn money a collection percent of revenue.
As the organisation owner, your goal is to take full advantage of revenue.
I'm a large believer in lining up incentives, and in this case, motivations are not lined up. They are playing a various game than you are. They wish to optimize earnings in all of their regions, and offer as many franchises as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're acquiring a task. Let me reveal you why.
Due to aristocracies, your margins wind up being around 10% -12% besides business expenditures.
In order to make $100k/year you would certainly need to have a $1,000,000 organisation.
But you can't have a $1,000,000 company in the tiny 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 for what?
That's a crazy quantity of money to pay your franchise ... the very same firm that has an agreement that they hold over your head not permitting you to expand your organisation geographically.
They've got you by the rounds.
Or, you can purchase another area to grow. Yet again ... I would certainly rather not need to spend for the right to expand my service. That's absurd.
Many franchise business finish 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 business, which is one of the greatest advantages to building a company.
You most likely aren't producing sufficient earnings to even work with really solid staff members. In our firm, we pay about 5-6% to our manufacturing manager that looks after $1,000,000 in manufacturing. That's $50,000-$ 60,000 per year for the supervisor. However if you are just doing $500,000 a year in earnings, you can pay 5% ($ 25,000) to your manufacturing manager, which is insufficient cash for a solid staff member.
Your alternatives are to pay a greater percentage ( eliminating your revenue margin), or do the task yourself ( eliminating your way of life). Both of which are not extremely 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 money to limit your growth, you do not obtain to develop your very own thing, and also if you wish to expand geographically you require to spend for the civil liberties to do so ... presuming nobody else currently owns the rights to the territory you are shopping.
Due to your constraints, as well as the high aristocracy cost, you are substantially restricted in your capacity to grow your revenue, build a strong group, as well as build a huge company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong service plan
# 2-- They do it for the support as well as training provided by the franchise business
# 3-- They do it for the neighborhood of various other franchisees so they aren't alone
# 4-- They do it out of anxiety of failing
Currently, let's look at remedies. How can you obtain all the advantages without paying the steep rate of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the cost of a franchise business, you can buy my service system. This is the exact business system we use and also follow in our organisation, which corrected $3,000,000 in revenue in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program includes training and also support. When you begin with Painting Business Academy, you get accessibility to the entire service system and also all of the training that supports that system.

BENEFIT # 3: THEY DO IT FOR THE COMMUNITY SO THEY AREN'T ALONE
When you join Painting Business Academy, you additionally join our exclusive members-only Facebook group. We have dozens of concerns asked on a daily basis from our participants.
Our community is very involved and active.
Individuals in our area also share their successes. Just a few days ago someone shared a Facebook advertising strategy, word for word, that's eliminating it for their organisation.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not eliminate the concern of failure. With Painting Business Academy, you can obtain access to a solid business plan, organisation training, and also all of the done-for-you types as well as systems that are proven to construct a million-dollar paint business.
You likewise obtain accessibility to the outstanding area of like-minded entrepreneurs doing the exact same thing as you that we discussed previously. While you do pay 1/10th of the cost in advance (on the high-end), you have NO nobilities to pay after that.
The possibility of failure is the very same whether you are in a franchise business or running your own service. When you get a franchise, you are taking a larger danger, meaning there's a bigger failing if you do stop working.

SO WHAT NOW?
Prior to you purchase a franchise business and throw thousands of dollars down the toilet for a tested system, you may desire to check out Painting Business Academy.
Painting Business Academy is likewise a proven system to construct a million-dollar paint business, with a neighborhood of hundreds of others. Additionally, there is no continuous nobility, and no geographical constraints to development.
Get every one of the benefits of a Painting Business Franchise in Los Angeles CA for a portion of the cost. Check the course out right here and also contact me if you have any kind of inquiries.
The paint business is a excellent service to be in! I wish 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 one
Additional Info.
Don't Buy A Painting Business Franchise in Chicago IL
Don't Buy A Painting Business Franchise in New York City NY
Don't Buy A Painting Business Franchise in Los Angeles CA

---

---