Don't Buy A Painting Business Franchise in San Diego CA

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Should You Buy a Painting Business Franchise in San Diego CA ?

Don't Buy a Painting Business Franchise in San Diego 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 San Diego 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 San Diego CA

If you are thinking about acquiring a paint franchise, quit today.
I'm mosting likely to damage down the essential troubles with buying a paint franchise business, as well as the different choices you have to start a painting firm.

This is based on my experience growing a effective painting company where we considered becoming a franchise business but chose for a partnership setup instead. I hear the battles of franchisee's constantly, and I feel for them.



Painting Business Franchise in San Diego 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 San Diego 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 San Diego CA ?

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

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BR> I do not desire you to finish up in the exact same placement that several franchisees discover themselves in.
There is a better means! We will certainly start with the troubles of a franchise, then we'll get involved in solutions.

ISSUE # 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 available.
These franchises vary from $10,000-$ 40,000 in franchise fees just for the right to the franchise business in a limited number of postal code where you can operate your franchise.
They likewise take 6-9% as an ongoing aristocracy ... permanently.
If you stay in business for 10 years and you create $5,000,000 in earnings, this franchise business ends up costing you upwards of $500,000. That's a steep cost to pay.
As well as obviously you obtain some assistance as well as organisation systems, however every little thing that a franchise business provides can be gotten with other avenues for much less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you acquire a Painting Business Franchise in San Diego CA you are acquiring the legal rights to that service in a set region. You are appointed a handful of zip codes where you have the civil liberties to the business.
This is a HUGE problem. The most convenient method to expand and expand a paint company is by expanding geographically. Franchise business remove this right.
Painter Choice is our advertising and marketing firm. We function with franchisees throughout the country. I always feel awful for these business proprietors due to the fact that they have such a tough time producing company.
A typical business in Atlanta, for instance, can utilize our lead solution in North Atlanta to create 20-30 leads per month.
A franchisee in North Atlanta that just has the civil liberties to 7-8 zip codes can only create 5-7 leads per month from our lead service.
To put it simply, if those franchisees had their own business, they could quickly boost their service 3-5 times! In other terms, that means an increase from $500,000 to $2,000,000. This is a substantial limitation on your prospective company development.
As a franchisee, your only alternative is to purchase more region, or such it up and maintain your organisation little.
Yet if another person currently has the neighboring area, you do not have that choice.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Basically, franchisees and the franchisor have actually misaligned rewards. The franchisor wants to produce as much income as possible since they make money a collection percent of income.
But as business proprietor, your goal is to make best use of profit.
I'm a large believer in aligning rewards, as well as in this case, motivations are not aligned. They are playing a different game than you are. They intend to maximize revenue in all of their areas, and sell as numerous franchise business as they can.

ISSUE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a task. Let me show you why.
Since of nobilities, your margins end up being around 10% -12% after all overhead.
In order to make $100k/year you 'd have to have a $1,000,000 service.
Yet you can't have a $1,000,000 organisation in the small region. And even if you can, you're stuck at a optimum of $100,000 on your own. You're paying $70k-$ 100k/year in royalties of what?
That's a ridiculous amount of money to pay your franchise ... the exact same firm that has an arrangement that they hold over your head not enabling you to grow your business geographically.
They've obtained you by the spheres.
Or, you can get one more area to grow. However once more ... I 'd instead not need to pay for the right to expand my business. That's ridiculous.
A lot of franchise business finish up in the $500,000-$ 600,000 range. You can possibly make $80,000-$ 110,000, sure. You likewise do not ever have enough margin to hire various other individuals to run the entire organisation, which is one of the best benefits to building a company.
You most likely aren't creating enough earnings to even employ truly solid workers. In our firm, we pay concerning 5-6% to our production supervisor that manages $1,000,000 in production. That's $50,000-$ 60,000 each 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 sufficient cash for a strong staff member.
Your options are to pay a greater percent (killing your revenue margin), or do the job on your own ( eliminating your way of life). Both of which are not extremely appealing alternatives.
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IN SUMMARY:
You pay a lot of money to restrict your development, you don't obtain to develop your very own thing, as well as if you desire to grow geographically you need to spend for the rights to do so ... presuming nobody else already owns the legal rights to the area you are shopping.
As a result of your restrictions, as well as the high nobility fee, you are considerably restricted in your ability to expand your revenue, develop a solid team, as well as build a huge company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid business strategy
# 2-- They do it for the support and also 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 fear of failing
Currently, allow's check out solutions. Just how can you get all the benefits without paying the steep cost of a franchise business?

BENEFIT # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise, you can acquire my service system. This is the precise service system we make use of and also follow in our organisation, which corrected $3,000,000 in profits in 2016.

BENEFIT # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My program includes training as well as assistance. When you begin with Painting Business Academy, you get access to the entire 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 join Painting Business Academy, you additionally join our private members-only Facebook team. We have loads of concerns asked everyday from our members.
Our community is highly engaged as well as energetic.
People in our area also share their successes. Just a few days ago somebody shared a Facebook advertising and marketing technique, word for word, that's eliminating it for their business.

BENEFIT # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying even more money does not remove the fear of failing. With Painting Business Academy, you can get accessibility to a strong service strategy, company training, and all of the done-for-you forms and also systems that are confirmed to build a million-dollar paint service.
You additionally get access to the outstanding community of like-minded business owners doing the very same thing as you that we chatted about previously. While you do pay 1/10th of the cost up front (on the luxury), you have NO royalties to pay after that.
The likelihood of failing coincides whether you are in a franchise business or running your own business. When you get a franchise business, you are taking a larger danger, indicating there's a bigger failure if you do stop working.

SO WHAT NOW?
Before you invest in a franchise as well as toss hundreds of bucks down the toilet for a tested system, you could wish to check out Painting Business Academy.
Painting Business Academy is also a proven system to build a million-dollar paint business, with a community of thousands of others. In addition, there is no continuous nobility, and no geographical restrictions to development.
Get all of the benefits of a Painting Business Franchise in San Diego CA for a portion of the cost. Check the course out below and call me if you have any questions.
The painting business is a fantastic business 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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