Don't Buy A Painting Business Franchise in Orem UT

1. Home
2. Don't Buy A Painting Business Franchise in Orem UT

---

---

---

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

Should You Buy a Painting Business Franchise in Orem UT ?

Don't Buy a Painting Business Franchise in Orem UT

• 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 Orem UT
• 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 Orem UT

If you are assuming of buying a painting franchise business, stop now.
I'm mosting likely to break down the essential troubles with buying a paint franchise, and also the alternative options you need to start a paint business.

This is based on my experience expanding a effective paint service where we took into consideration ending up being a franchise business but selected a partnership setup rather. I listen to the struggles of franchisee's constantly, as well as I feel for them.



Painting Business Franchise in Orem UT 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 Orem UT 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 Orem UT ?

---

Is it better to start a painting business or buy a Painting Business Franchise in Orem UT ?

---

BR> I don't want you to wind up in the exact same placement that numerous franchisees find themselves in.
There is a much better method! We will certainly start with the issues of a franchise business, after that we'll enter solutions.

TROUBLE # 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 franchises available.
These franchises range from $10,000-$ 40,000 in franchise business fees just for the right to the franchise in a limited variety of postal code where you can run your franchise business.
They additionally take 6-9% as an recurring royalty ... for life.
If you are in service for 10 years as well as you generate $5,000,000 in income, this franchise business winds up costing you upwards of $500,000. That's a steep rate to pay.
And obviously you get some assistance as well as service systems, yet whatever that a franchise provides can be acquired via other opportunities for a lot less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you acquire a Painting Business Franchise in Orem UT you are getting the legal rights to that business in a set territory. You are designated a handful of postal code where you have the rights to the organisation.
This is a HUGE issue. The simplest means to expand as well as increase a painting organisation is by increasing geographically. Franchises take away this.
Painter Choice is our advertising and marketing company. We deal with franchisees around the nation. I constantly feel awful for these company owner due to the fact that they have such a hard time creating company.
A typical firm in Atlanta, as an example, can utilize our lead solution in North Atlanta to create 20-30 leads per month.
A franchisee in North Atlanta that just possesses the legal rights to 7-8 zip codes can only generate 5-7 leads per month from our lead solution.
In various other words, if those franchisees had their very own service, they can right away boost their company 3-5 times! In other terms, that suggests an rise from $500,000 to $2,000,000. This is a substantial constraint on your possible business development.
As a franchisee, your only option is to purchase even more territory, or such it up as well as maintain your service tiny.
However if another person currently has the close-by territory, you do not have that option.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees and the franchisor have actually misaligned motivations. The franchisor intends to generate as much earnings as feasible due to the fact that they make money a collection percent of profits.
However as the organisation proprietor, your objective is to make best use of revenue.
I'm a large follower in lining up motivations, as well as in this instance, rewards are not aligned. They are playing a different game than you are. They wish to maximize profits in all of their territories, and also offer as lots of franchises as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a job. Allow me show you why.
Due to the fact that of royalties, your margins end up being around 10% -12% nevertheless organisation expenditures.
In order to make $100k/year you would certainly need to have a $1,000,000 service.
You can not have a $1,000,000 organisation in the little region. And also also if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in aristocracies of what?
That's a crazy quantity of cash to pay your franchise business ... the exact same business that has an agreement that they hold over your head not permitting you to expand your business geographically.
They've obtained you by the spheres.
Or, you can acquire an additional area to expand. Once again ... I 'd rather not have to pay for the right to grow my company. That's ridiculous.
Most franchise business wind up in the $500,000-$ 600,000 variety. You can probably make $80,000-$ 110,000, sure. You likewise do not ever before have adequate margin to work with other people to run the whole organisation, which is one of the biggest benefits to building a firm.
You probably aren't generating sufficient income to even hire actually strong staff members. In our business, we pay regarding 5-6% to our manufacturing manager that manages $1,000,000 in production. That's $50,000-$ 60,000 per year for the supervisor. If you are only doing $500,000 a year in income, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is not adequate cash for a strong worker.
Your options are to pay a higher percent (killing your earnings margin), or do the task on your own (killing your lifestyle). Both of which are not extremely attractive options.
.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 whole lot of cash to limit your development, you do not obtain to build your very own thing, and if you intend to expand geographically you need to spend for the rights to do so ... presuming nobody else already has the rights to the territory you are attempting to get.
Due to your constraints, and also the high royalty charge, you are considerably limited in your ability to expand your profits, build a solid team, and construct a huge organisation.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid business plan
# 2-- They do it for the support as well as training supplied 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 fear of failing
Currently, let's check out solutions. How can you obtain all the benefits without paying the high cost of a franchise?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise business, you can purchase my organisation system. This is the exact company system we use as well as adhere to in our service, which corrected $3,000,000 in profits in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My training course consists of training as well as support. When you get going with Painting Business Academy, you obtain accessibility to the entire organisation 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 sign up with Painting Business Academy, you additionally join our exclusive members-only Facebook team. We have loads of questions asked every day from our members.
Our neighborhood is highly involved as well as energetic.
Individuals in our neighborhood also share their successes. Simply the various other day somebody 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 fear of failing. With Painting Business Academy, you can obtain access to a strong service plan, business training, and also all of the done-for-you types and systems that are shown to develop a million-dollar paint business.
You additionally obtain accessibility to the impressive community of similar entrepreneurs doing the exact same thing as you that we discussed previously. While you do pay 1/10th of the expense in advance (on the luxury), you have NO royalties to pay after that.
The probability of failure coincides whether you are in a franchise or running your own service. When you get a franchise business, you are taking a larger risk, indicating there's a bigger failing if you do fall short.

WHAT NOW?
Before you invest in a franchise as well as toss thousands of bucks down the bathroom for a proven system, you might desire to have a look at Painting Business Academy.
Painting Business Academy is additionally a tested system to construct a million-dollar paint business, with a area of numerous others. Furthermore, there is no ongoing royalty, as well as no geographical limitations to development.
Obtain every one of the benefits of a Painting Business Franchise in Orem UT for a fraction of the rate. Check the program out below and contact me if you have any kind of inquiries.
The painting business is a excellent service to be in! I hope you'll be a component of it soon.
Good good 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

Back     Next Article
See also...
Don't Buy A Painting Business Franchise in Jamaica NY
Don't Buy A Painting Business Franchise in East Chattanooga TN
Don't Buy A Painting Business Franchise in Dearborn MI
Don't Buy A Painting Business Franchise in St. Louis MO
Don't Buy A Painting Business Franchise in Grand Prairie TX

---

---