Don't Buy A Painting Business Franchise in Pittsburgh PA

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Should You Buy a Painting Business Franchise in Pittsburgh PA ?

Don't Buy a Painting Business Franchise in Pittsburgh PA

• 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 Pittsburgh PA
• 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 Pittsburgh PA

If you are considering getting a paint franchise, stop now.
I'm going to break down the essential issues with purchasing a paint franchise, as well as the alternate choices you need to begin a paint business.

This is based upon my experience expanding a successful paint service where we considered coming to be a franchise but selected a partnership arrangement rather. I listen to the struggles of franchisee's regularly, and I really feel for them.



Painting Business Franchise in Pittsburgh PA 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 Pittsburgh PA 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 Pittsburgh PA ?

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Is it better to start a painting business or buy a Painting Business Franchise in Pittsburgh PA ?

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BR> I do not desire you to wind up in the very same placement that many franchisees discover themselves in.
There is a much better way! We will certainly start with the issues of a franchise business, after that we'll enter into 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 bigger franchises available.
These franchise business range from $10,000-$ 40,000 in franchise business charges simply for the right to the franchise in a limited variety of zip codes where you can operate your franchise business.
They likewise take 6-9% as an continuous royalty ... forever.
If you are in business for 10 years and also you create $5,000,000 in earnings, this franchise finishes up costing you upwards of $500,000. That's a steep price to pay.
And naturally you obtain some support and business systems, yet everything that a franchise business gives can be obtained via other avenues for a lot less than $500,000.

ISSUE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you purchase a Painting Business Franchise in Pittsburgh PA you are getting the rights to that company in a set area. You are assigned a handful of zip codes where you have the rights to business.
This is a HUGE trouble. The easiest way to grow and expand a painting organisation is by broadening geographically. Franchise business eliminate this right.
Painter Choice is our advertising and marketing company. We work with franchisees around the nation. I constantly really feel terrible for these local business owner due to the fact that they have such a difficult time producing service.
A normal company in Atlanta, for example, can use our lead service in North Atlanta to generate 20-30 leads per month.
A franchisee in North Atlanta who only owns the legal rights to 7-8 zip codes can only create 5-7 leads per month from our lead solution.
In various other words, if those franchisees had their own service, they might quickly raise their organisation 3-5 times! In various other terms, that means an boost from $500,000 to $2,000,000. This is a large constraint on your possible service development.
As a franchisee, your only choice is to buy more territory, or such it up as well as maintain your organisation small.
If somebody else already owns the close-by territory, you don't have that alternative.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and also the franchisor have misaligned rewards. The franchisor desires to generate as much profits as feasible since they get paid a set percent of profits.
As the company owner, your objective is to maximize revenue.
I'm a large believer in lining up motivations, and also in this situation, rewards are not straightened. They are playing a different video game than you are. They want to take full advantage of income in all of their territories, as well as offer as many franchises as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a job. Let me show you why.
Since of nobilities, your margins end up being around 10% -12% after all business expenses.
In order to make $100k/year you 'd have to have a $1,000,000 service.
You can not have a $1,000,000 organisation 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 wherefore?
That's a ludicrous quantity of cash to pay your franchise business ... the very same firm that has an arrangement 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 another territory to expand. Once again ... I would certainly instead not have to pay for the right to grow my organisation. That's silly.
A lot of franchise business end up in the $500,000-$ 600,000 array. You can most likely make $80,000-$ 110,000, sure. You likewise don't ever have sufficient margin to work with other people to run the entire business, which is one of the biggest advantages to constructing a business.
You probably aren't producing sufficient revenue to also employ really solid workers. In our company, we pay concerning 5-6% to our manufacturing manager who looks after $1,000,000 in manufacturing. That's $50,000-$ 60,000 each year for the supervisor. If you are only doing $500,000 a year in earnings, you can pay 5% ($ 25,000) to your manufacturing supervisor, which is not adequate money for a solid worker.
Your alternatives are to pay a higher percent ( eliminating your revenue margin), or do the task on your own (killing your way of life). Both of which are not very eye-catching options.
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IN SUMMARY:
You pay a great deal of cash to restrict your development, you do not reach develop your very own thing, as well as if you intend to grow geographically you require to spend for the civil liberties to do so ... assuming no one else already possesses the rights to the territory you are attempting to get.
Because of your limitations, as well as the high aristocracy cost, you are dramatically restricted in your capacity to grow your earnings, construct a solid group, and also build a big business.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid service plan
# 2-- They do it for the assistance as well as 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 concern of failing
Currently, allow's take a look at options. Just how can you obtain all the benefits 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, you can purchase my organisation system. This is the specific business system we make use of and also adhere to in our company, which did over $3,000,000 in profits in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program consists of training and also support. When you obtain started with Painting Business Academy, you get access to the entire business system and all of the training that supports that system.

BENEFIT # 3: THEY DO IT FOR THE COMMUNITY SO THEY AREN'T ALONE
When you join Painting Business Academy, you likewise join our personal members-only Facebook group. We have lots of concerns asked everyday from our participants.
Our community is very involved and also energetic.
People in our area also share their successes. Simply recently someone shared a Facebook marketing method, word for word, that's killing it for their company.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more cash does not remove the concern of failure. With Painting Business Academy, you can get access to a solid business plan, company training, as well as all of the done-for-you kinds and systems that are shown to build a million-dollar painting business.
You also get access to the amazing area of like-minded business owners doing the exact same thing as you that we spoke about previously. While you do pay 1/10th of the expense in advance (on the high-end), you have NO nobilities to pay afterwards.
The likelihood of failing coincides whether you remain in a franchise or running your own organisation. When you get a franchise business, you are taking a larger threat, suggesting there's a larger failing if you do fail.

SO WHAT NOW?
Prior to you buy a franchise as well as throw countless bucks down the toilet for a tested system, you might desire to look into Painting Business Academy.
Painting Business Academy is also a tried and tested system to build a million-dollar paint firm, with a area of hundreds of others. Additionally, there is no continuous royalty, and also no geographical constraints to development.
Get all of the advantages of a Painting Business Franchise in Pittsburgh PA for a portion of the cost. Inspect the training course out below and also call me if you have any inquiries.
The painting business is a wonderful service to be in! I hope you'll belong 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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