Don't Buy A Painting Business Franchise in Ontario CA

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

Should You Buy a Painting Business Franchise in Ontario CA ?

Don't Buy a Painting Business Franchise in Ontario 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 Ontario 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
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• Training
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• 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 Ontario CA

If you are considering purchasing a paint franchise business, stop today.
I'm mosting likely to damage down the essential troubles with getting a paint franchise, as well as the different options you need to start a painting company.

This is based on my experience growing a successful painting service where we took into consideration coming to be a franchise yet selected a partnership setup instead. I hear the struggles of franchisee's frequently, as well as I feel for them.



Painting Business Franchise in Ontario 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 Ontario 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 Ontario CA ?

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

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BR> I do not want you to end up in the very same position that several franchisees locate themselves in.
There is a far better means! We will certainly start with the issues of a franchise, after that we'll obtain into solutions.

ISSUE # 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 bigger franchise business available.
These franchise business range from $10,000-$ 40,000 in franchise business costs just for the right to the franchise business in a minimal variety of zip codes where you can operate your franchise.
They also take 6-9% as an recurring aristocracy ... for life.
If you are in business for 10 years and also you produce $5,000,000 in earnings, this franchise business finishes up costing you upwards of $500,000. That's a high cost to pay.
And obviously you obtain some support and service systems, but whatever that a franchise business gives can be gotten via other avenues for much less than $500,000.

PROBLEM # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you acquire a Painting Business Franchise in Ontario CA you are acquiring the rights to that organisation in a set area. You are assigned a handful of zip codes where you have the legal rights to the service.
This is a HUGE problem. The simplest method to expand and increase a paint company is by expanding geographically. Franchises remove this right.
Painter Choice is our advertising business. We deal with franchisees throughout the nation. I always feel awful for these company owner because they have such a tough time creating company.
A regular company in Atlanta, as an example, can utilize our lead solution in North Atlanta to generate 20-30 leads monthly.
However a franchisee in North Atlanta that just has the rights to 7-8 zip codes can just create 5-7 leads monthly from our lead solution.
In other words, if those franchisees had their own company, they might right away enhance their business 3-5 times! In various other terms, that suggests an boost from $500,000 to $2,000,000. This is a substantial limitation on your prospective business development.
As a franchisee, your only option is to purchase more region, or such it up and also maintain your service little.
Yet if someone else currently possesses the close-by area, you don't have that option.

PROBLEMS # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees and also the franchisor have misaligned incentives. The franchisor intends to create as much earnings as feasible due to the fact that they earn money a set percent of income.
However as the business owner, your objective is to make the most of revenue.
I'm a big follower in straightening motivations, as well as in this situation, rewards are not aligned. They are playing a different game than you are. They desire to take full advantage of revenue in all of their territories, and market as lots of franchises as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're buying a job. Let me show you why.
Since of nobilities, your margins finish up being around 10% -12% after all company expenditures.
In order to make $100k/year you would certainly need to have a $1,000,000 organisation.
But you can not have a $1,000,000 service in the little region. As well as also if you can, you're stuck at a maximum of $100,000 on your own. You're paying $70k-$ 100k/year in nobilities wherefore?
That's a crazy amount of cash to pay your franchise ... the exact same company that has an agreement that they hold over your head not permitting you to grow your service geographically.
They've obtained you by the rounds.
Or, you can purchase an additional territory to grow. Once more ... I 'd rather not have to pay for the right to grow my company. That's absurd.
Most franchise business end up in the $500,000-$ 600,000 variety. You can probably make $80,000-$ 110,000, sure. You also do not ever have enough margin to employ various other people to run the whole service, which is one of the greatest advantages to developing a company.
You possibly aren't generating enough profits to also work with really strong workers. In our business, we pay about 5-6% to our production manager that manages $1,000,000 in manufacturing. That's $50,000-$ 60,000 each year for the supervisor. Yet if you are just doing $500,000 a year in income, you can pay 5% ($ 25,000) to your manufacturing manager, which is not nearly enough cash for a strong staff member.
Your choices are to pay a greater percentage ( eliminating your revenue margin), or do the work yourself (killing your lifestyle). Both of which are not very attractive choices.
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IN SUMMARY:
You pay a whole lot of cash to restrict your growth, you don't reach construct your very own thing, and also if you intend to grow geographically you require to spend for the civil liberties to do so ... thinking nobody else currently has the rights to the region you are trying to acquire.
As a result of your restrictions, and also the high nobility cost, you are significantly limited in your ability to expand your income, construct a strong group, as well as develop a huge business.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong organisation plan
# 2-- They do it for the assistance and also training provided by the franchise
# 3-- They do it for the neighborhood of other franchisees so they aren't alone
# 4-- They do it out of concern of failure
Now, let's take a look at services. How can you obtain all the advantages without paying the steep price of a franchise business?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the cost of a franchise, you can buy my company system. This is the precise service system we make use of and also adhere to in our service, which corrected $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 obtain accessibility to the whole organisation system and all of the training that accompanies 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 personal members-only Facebook team. We have loads of inquiries asked on a daily basis from our members.
Our area is highly engaged and energetic.
Individuals in our area also share their successes. Simply a few days ago a person shared a Facebook marketing approach, verbatim, that's killing it for their business.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more money does not eliminate the concern of failure. With Painting Business Academy, you can obtain access to a strong company strategy, company training, as well as all of the done-for-you forms as well as systems that are verified to construct a million-dollar paint business.
You also obtain accessibility to the incredible community of similar business owners doing the same thing as you that we talked about previously. While you do pay 1/10th of the expense in advance (on the luxury), you have NO aristocracies to pay afterwards.
The likelihood of failing is the exact same whether you remain in a franchise or running your own company. However, when you get a franchise, you are taking a bigger threat, meaning there's a larger failure if you do fall short.

SO WHAT NOW?
Before you invest in a franchise and throw thousands of bucks down the commode for a tested system, you could want to look into Painting Business Academy.
Painting Business Academy is additionally a tested system to build a million-dollar paint company, with a area of hundreds of others. Additionally, there is no ongoing nobility, as well as no geographical limitations to development.
Get all of the benefits of a Painting Business Franchise in Ontario CA for a portion of the cost. Examine the program out here and also call me if you have any kind of inquiries.
The paint business is a terrific company to be in! I hope you'll be a component 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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