Don't Buy A Painting Business Franchise in Murrieta CA

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Should You Buy a Painting Business Franchise in Murrieta CA ?

Don't Buy a Painting Business Franchise in Murrieta 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 Murrieta 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
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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 Murrieta CA

If you are considering purchasing a paint franchise, stop now.
I'm mosting likely to damage down the fundamental troubles with purchasing a paint franchise business, and the different choices you need to start a painting company.

This is based upon my experience expanding a successful painting service where we considered becoming a franchise business yet decided for a collaboration configuration rather. I hear the battles of franchisee's continuously, as well as I really feel for them.



Painting Business Franchise in Murrieta CA FAQs
How much does it cost to open your own franchise?

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How much is a Five Star Painting Franchise?

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Is a Painting Business Franchise in Murrieta CA a good investment?

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What are the disadvantages of a Painting Business Franchise in Murrieta CA ?

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

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BR> I don't desire you to wind up in the very same placement that many franchisees find themselves in.
There is a better means! We will certainly begin with the problems of a franchise business, after that we'll get involved in solutions.

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 larger franchise business around.
These franchises vary from $10,000-$ 40,000 in franchise business fees simply for the right to the franchise in a minimal variety of zip codes where you can run your franchise.
They also take 6-9% as an recurring royalty ... for life.
If you are in business for 10 years and you produce $5,000,000 in earnings, this franchise ends up costing you upwards of $500,000. That's a high cost to pay.
As well as naturally you obtain some assistance and business systems, but 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 purchase a Painting Business Franchise in Murrieta CA you are getting the civil liberties to that organisation in a established territory. You are appointed a handful of zip codes where you have the rights to business.
This is a HUGE trouble. The simplest means to expand and also broaden a paint organisation is by expanding geographically. Franchises take away this.
Painter Choice is our marketing business. We collaborate with franchisees throughout the nation. I constantly feel awful for these service owners since they have such a tough time generating company.
A common business in Atlanta, for example, can utilize our lead solution in North Atlanta to create 20-30 leads each month.
But a franchisee in North Atlanta that only owns the rights to 7-8 postal code can just produce 5-7 leads per month from our lead service.
Simply put, if those franchisees had their own business, they could instantly boost their company 3-5 times! In other terms, that implies an increase from $500,000 to $2,000,000. This is a massive restriction on your potential service development.
As a franchisee, your only alternative is to buy more area, or such it up and maintain your service tiny.
But if someone else currently possesses the close-by territory, you don't have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees and also the franchisor have actually misaligned rewards. The franchisor desires to generate as much income as possible due to the fact that they earn money a collection percent of profits.
But as business owner, your objective is to maximize profit.
I'm a big believer in straightening motivations, and in this instance, incentives are not straightened. They are playing a various game than you are. They desire to make the most of income in all of their regions, and sell as lots of franchise business as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a task. Let me reveal you why.
Due to nobilities, your margins wind up being around 10% -12% nevertheless overhead.
In order to make $100k/year you 'd need to have a $1,000,000 service.
But you can not have a $1,000,000 service in the small 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 aristocracies wherefore?
That's a crazy amount of cash to pay your franchise business ... the same company that has an contract that they hold over your head not enabling you to expand your organisation geographically.
They've obtained you by the spheres.
Or, you can acquire one more area to grow. Once more ... I 'd instead not have to pay for the right to expand my service. That's unreasonable.
A lot of 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 work with other individuals to run the entire business, which is one of the best benefits to constructing a business.
You possibly aren't creating adequate profits to even hire truly strong employees. In our business, we pay concerning 5-6% to our production supervisor that supervises $1,000,000 in manufacturing. That's $50,000-$ 60,000 each year for the manager. If you are only doing $500,000 a year in income, you can pay 5% ($ 25,000) to your production manager, which is not enough money for a strong employee.
Your alternatives are to pay a greater percentage ( eliminating your profit margin), or do the job on your own ( eliminating your lifestyle). Both of which are not extremely attractive options.
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IN SUMMARY:
You pay a great deal of money to limit your growth, you don't get to build your own thing, as well as if you intend to expand geographically you need to pay for the civil liberties to do so ... assuming no one else currently possesses the civil liberties to the territory you are trying to buy.
Due to your limitations, and the high nobility cost, you are dramatically restricted in your ability to expand your revenue, develop a strong team, and construct a large service.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong company plan
# 2-- They do it for the support and also training provided by the franchise business
# 3-- They do it for the area of other franchisees so they aren't alone
# 4-- They do it out of anxiety of failing
Currently, let's take a look at options. Just how can you get all the advantages without paying the high rate of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the expense of a franchise business, you can acquire my company system. This is the specific organisation system we utilize as well as comply with in our business, which did over $3,000,000 in profits in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My training course consists of training and support. When you obtain begun with Painting Business Academy, you get access to the entire company system and also 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 join Painting Business Academy, you also join our personal members-only Facebook group. We have lots of concerns asked everyday from our members.
Our area is highly involved and energetic.
People in our community even share their successes. Just recently a person shared a Facebook advertising method, word for word, that's eliminating it for their business.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more cash does not get rid of the fear of failure. With Painting Business Academy, you can obtain accessibility to a strong service strategy, service training, and all of the done-for-you kinds and systems that are shown to build a million-dollar paint service.
You also obtain accessibility to the amazing community of like-minded business owners doing the same point as you that we discussed previously. While you do pay 1/10th of the price up front (on the high-end), you have NO royalties to pay after that.
The chance of failing coincides whether you remain in a franchise or running your very own organisation. Nonetheless, when you get a franchise, you are taking a larger risk, indicating there's a larger failing if you do fail.

WHAT NOW?
Prior to you purchase a franchise business and throw hundreds of dollars down the bathroom for a tested system, you may intend to take a look at Painting Business Academy.
Painting Business Academy is likewise a proven system to develop a million-dollar paint company, with a community of thousands of others. Additionally, there is no continuous aristocracy, as well as no geographical limitations to growth.
Obtain all of the benefits of a Painting Business Franchise in Murrieta CA for a portion of the price. Check the program out right here and also call me if you have any kind of concerns.
The paint business is a wonderful service to be in! I wish you'll be a part of it soon.
Best of 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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