Don't Buy A Painting Business Franchise in National City CA

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

Should You Buy a Painting Business Franchise in National City CA ?

Don't Buy a Painting Business Franchise in National City 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 National City 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

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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 National City CA

If you are thinking about getting a painting franchise, stop today.
I'm going to damage down the fundamental problems with purchasing a painting franchise business, and the different choices you have to start a painting firm.

This is based upon my experience expanding a effective paint company where we considered becoming a franchise however chose a collaboration setup rather. I hear the struggles of franchisee's frequently, and I feel for them.



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

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Are painting companies profitable?

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How much is a Five Star Painting Franchise?

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Is painting a good business to start?

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How much do painters make?

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How much money can you make owning a painting business?

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How can I start a painting business with no money?

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Is painting a good trade?

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Is a Painting Business Franchise in National City CA a good investment?

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Is it hard to start a painting business?

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How can I promote my painting business?

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How do I market my painting business?

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

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

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BR> I do not desire you to end up in the exact same position that several franchisees locate themselves in.
There is a better method! We will certainly begin with the troubles of a franchise business, after that we'll obtain right into remedies.

PROBLEM # 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 franchises around.
These franchises vary from $10,000-$ 40,000 in franchise business charges simply for the right to the franchise business in a limited variety of postal code where you can operate your franchise business.
They likewise take 6-9% as an recurring nobility ... forever.
If you stay in business for 10 years and also you produce $5,000,000 in revenue, this franchise business finishes up costing you upwards of $500,000. That's a steep rate to pay.
And of training course you obtain some support and also service systems, yet every little thing that a franchise offers can be acquired through various other opportunities for much less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you get a Painting Business Franchise in National City CA you are buying the civil liberties to that company in a established area. You are assigned a small number of postal code where you have the civil liberties to business.
This is a HUGE problem. The simplest means to grow and also increase a paint organisation is by increasing geographically. Franchises remove this right.
Painter Choice is our advertising and marketing business. We collaborate with franchisees throughout the country. I constantly feel terrible for these local business owner because they have such a difficult time creating service.
A common firm in Atlanta, as an example, can utilize our lead service in North Atlanta to produce 20-30 leads each month.
However a franchisee in North Atlanta who only has the legal rights to 7-8 zip codes can only produce 5-7 leads each month from our lead service.
Simply put, if those franchisees had their own organisation, they can immediately increase their company 3-5 times! In various other terms, that implies an increase from $500,000 to $2,000,000. This is a substantial constraint on your potential business development.
As a franchisee, your only choice is to purchase more region, or such it up as well as maintain your service tiny.
However if somebody else currently has the close-by area, you do not have that alternative.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have actually misaligned motivations. The franchisor desires to produce as much revenue as feasible since they earn money a set percent of revenue.
As the service owner, your goal is to optimize earnings.
I'm a large follower in lining up incentives, as well as in this instance, rewards are not lined up. They are playing a various game than you are. They intend to make the most of earnings in all of their territories, and sell as numerous franchises as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're buying a job. Let me reveal you why.
Due to royalties, your margins wind up being around 10% -12% after all company expenses.
In order to make $100k/year you 'd have to have a $1,000,000 service.
But you can't have a $1,000,000 company in the little region. And also if you can, you're stuck at a maximum of $100,000 on your own. You're paying $70k-$ 100k/year in aristocracies of 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 grow your company geographically.
They've got you by the rounds.
Or, you can get one more region to grow. Again ... I 'd rather not have to pay for the right to expand my business. That's silly.
Many franchise business finish up in the $500,000-$ 600,000 range. You can possibly make $80,000-$ 110,000, sure. Yet you additionally do not ever have enough margin to work with other people to run the whole organisation, which is one of the best benefits to constructing a business.
You possibly aren't creating adequate profits to even employ really strong employees. In our business, we pay regarding 5-6% to our production supervisor who supervises $1,000,000 in production. That's $50,000-$ 60,000 per year for the supervisor. If you are just doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your production manager, which is not adequate money for a solid employee.
Your choices are to pay a greater percentage (killing your revenue margin), or do the work yourself ( eliminating your way of living). Both of which are not really appealing choices.
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IN SUMMARY:
You pay a great deal of cash to limit your development, you don't reach construct your very own point, and also if you intend to expand geographically you need to spend for the civil liberties to do so ... thinking nobody else currently possesses the rights to the territory you are shopping.
Because of your restrictions, as well as the high royalty fee, you are substantially restricted in your capability to expand your income, construct a solid group, and also develop a large business.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid organisation strategy
# 2-- They do it for the assistance as well as training offered by the franchise
# 3-- They do it for the community of other franchisees so they aren't alone
# 4-- They do it out of anxiety of failing
Currently, allow's look at services. Exactly how can you get all the benefits 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, you can buy my service system. This is the specific business system we make use of as well as follow in our service, which corrected $3,000,000 in income in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course consists of training as well as assistance. When you get going with Painting Business Academy, you obtain accessibility to the entire service system as well as all of the training that supports 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 team. We have lots of inquiries asked on a daily basis from our members.
Our area is highly involved and also energetic.
Individuals in our community also share their successes. Simply the other day someone shared a Facebook advertising strategy, word for word, that's eliminating it for their service.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not eliminate the worry of failure. With Painting Business Academy, you can obtain access to a solid business strategy, organisation training, and also all of the done-for-you kinds and also systems that are proven to construct a million-dollar paint service.
You additionally obtain access to the fantastic community of like-minded business owners doing the same point as you that we discussed earlier. While you do pay 1/10th of the expense in advance (on the high-end), you have NO nobilities to pay after that.
The chance of failure is the very same whether you remain in a franchise or running your own company. When you acquire a franchise business, you are taking a larger danger, implying there's a larger failing if you do stop working.

WHAT NOW?
Prior to you buy a franchise business and also throw hundreds of bucks down the bathroom for a tried and tested system, you might want to examine out Painting Business Academy.
Painting Business Academy is also a tried and tested system to develop a million-dollar paint business, with a community of hundreds of others. On top of that, there is no ongoing royalty, as well as no geographical limitations to growth.
Get every one of the benefits of a Painting Business Franchise in National City CA for a portion of the rate. Examine the training course out right here and call me if you have any concerns.
The painting business is a excellent service to be in! I wish you'll be a component of it quickly.
Great 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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