Don't Buy A Painting Business Franchise in North Glendale CA

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Should You Buy a Painting Business Franchise in North Glendale CA ?

Don't Buy a Painting Business Franchise in North Glendale 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 North Glendale 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 North Glendale CA

If you are thinking about getting a paint franchise business, quit right currently.
I'm going to damage down the essential problems with purchasing a painting franchise, and the alternate options you need to begin a paint company.

This is based on my experience growing a effective painting organisation where we considered coming to be a franchise business however selected a partnership setup instead. I listen to the struggles of franchisee's constantly, and I really feel for them.



Painting Business Franchise in North Glendale 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 North Glendale CA a good investment?

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

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

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BR> I don't want you to wind up in the same setting that several franchisees find themselves in.
There is a much better method! We will certainly begin with the problems of a franchise business, then we'll get involved in remedies.

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 franchises out there.
These franchises range from $10,000-$ 40,000 in franchise charges just for the right to the franchise in a restricted variety of zip codes where you can run your franchise business.
They additionally take 6-9% as an continuous nobility ... for life.
If you stay in business for 10 years as well as you produce $5,000,000 in revenue, this franchise finishes up costing you upwards of $500,000. That's a high cost to pay.
And certainly you obtain some assistance as well as business systems, however whatever that a franchise business supplies can be gotten via other methods 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 North Glendale CA you are acquiring the civil liberties to that business in a established area. You are assigned a handful of zip codes where you have the legal rights to the company.
This is a HUGE trouble. The most convenient method to expand and expand a painting business is by expanding geographically. Franchises eliminate this right.
Painter Choice is our advertising business. We deal with franchisees around the country. I constantly really feel awful for these company owner due to the fact that they have such a hard time producing business.
A typical company in Atlanta, for instance, can use our lead service in North Atlanta to generate 20-30 leads per month.
A franchisee in North Atlanta that only possesses the civil liberties to 7-8 zip codes can only produce 5-7 leads per month from our lead service.
In other words, if those franchisees had their own company, they can promptly raise their business 3-5 times! In various other terms, that implies an rise from $500,000 to $2,000,000. This is a substantial constraint on your prospective service growth.
As a franchisee, your only option is to acquire more area, or such it up as well as maintain your service little.
However if somebody else currently has the close-by area, you don't have that choice.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and also the franchisor have actually misaligned rewards. The franchisor intends to produce as much profits as possible because they obtain paid a set percent of revenue.
As the company owner, your objective is to make best use of earnings.
I'm a big follower in lining up rewards, and also in this case, incentives are not lined up. They are playing a various game than you are. They want to maximize earnings in all of their areas, and also sell as several franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're acquiring a job. Allow me reveal you why.
Due to the fact that of aristocracies, your margins wind up being around 10% -12% nevertheless company expenditures.
In order to make $100k/year you 'd have to have a $1,000,000 service.
However you can't have a $1,000,000 service in the small area. 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 nobilities wherefore?
That's a ridiculous amount of cash to pay your franchise business ... the very same company that has an contract that they hold over your head not enabling you to expand your company geographically.
They've obtained you by the spheres.
Or, you can get an additional region to grow. Yet again ... I 'd rather not need to spend for the right to grow my company. That's silly.
A lot of franchise business wind up in the $500,000-$ 600,000 array. You can possibly make $80,000-$ 110,000, sure. However you also don't ever have sufficient margin to hire other individuals to run the whole service, which is one of the best benefits to developing a company.
You possibly aren't producing sufficient income to even employ truly strong employees. In our firm, we pay regarding 5-6% to our production supervisor that manages $1,000,000 in production. That's $50,000-$ 60,000 annually for the supervisor. Yet if you are just doing $500,000 a year in income, you can pay 5% ($ 25,000) to your production manager, which is insufficient money for a strong staff member.
Your alternatives are to pay a higher percentage ( eliminating your revenue margin), or do the task yourself (killing your way of life). Both of which are not really attractive alternatives.
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IN SUMMARY:
You pay a great deal of money to restrict your development, you do not reach construct your very own thing, and if you wish to grow geographically you need to spend for the civil liberties to do so ... thinking no one else currently owns the rights to the area you are shopping.
Because of your limitations, as well as the high aristocracy cost, you are significantly restricted in your capability to expand your revenue, construct a strong group, and also construct a huge organisation.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong business plan
# 2-- They do it for the support and also training offered 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 worry of failure
Now, allow's consider services. How can you obtain all the advantages without paying the high rate of a franchise business?

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

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course consists of training and also support. When you start with Painting Business Academy, you obtain access to the entire service 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 sign up with Painting Business Academy, you additionally join our private members-only Facebook group. We have lots of inquiries asked every day from our members.
Our neighborhood is extremely engaged and energetic.
People in our area also share their successes. Just recently a person shared a Facebook advertising and marketing strategy, word for word, that's killing it for their service.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more cash does not get rid of the worry of failing. With Painting Business Academy, you can obtain accessibility to a solid service plan, service training, and all of the done-for-you kinds as well as systems that are proven to develop a million-dollar paint business.
You additionally get accessibility to the remarkable neighborhood of similar business owners doing the same thing as you that we discussed earlier. While you do pay 1/10th of the price in advance (on the luxury), you have NO aristocracies to pay after that.
The chance of failure coincides whether you remain in a franchise business or running your own service. Nevertheless, when you purchase a franchise, you are taking a larger risk, implying there's a larger failing if you do stop working.

SO WHAT NOW?
Before you purchase a franchise business and toss hundreds of bucks down the commode for a tried and tested system, you may intend to have a look at Painting Business Academy.
Painting Business Academy is likewise a tested system to construct a million-dollar paint company, with a community of hundreds of others. Additionally, there is no ongoing royalty, and no geographical constraints to development.
Get all of the benefits of a Painting Business Franchise in North Glendale CA for a portion of the price. Inspect the program out right here as well as call me if you have any inquiries.
The paint business is a wonderful company to be in! I hope you'll belong of it quickly.
All the best!

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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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