Don't Buy A Painting Business Franchise in Santa Rosa CA

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

Should You Buy a Painting Business Franchise in Santa Rosa CA ?

Don't Buy a Painting Business Franchise in Santa Rosa 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 Santa Rosa 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
• 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 Santa Rosa CA

If you are thinking about acquiring a paint franchise, quit now.
I'm mosting likely to damage down the fundamental troubles with getting a painting franchise, and the different options you need to start a paint business.

This is based upon my experience expanding a effective paint business where we took into consideration coming to be a franchise yet selected a collaboration setup instead. I hear the battles of franchisee's regularly, and also I really feel for them.



Painting Business Franchise in Santa Rosa 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 Santa Rosa 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 Santa Rosa CA ?

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

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BR> I do not desire you to finish up in the same placement that several franchisees find themselves in.
There is a much better method! We will start with the issues of a franchise business, after that we'll enter options.

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 franchise business around.
These franchises range from $10,000-$ 40,000 in franchise charges simply for the right to the franchise in a minimal variety of postal code where you can operate your franchise business.
They also take 6-9% as an ongoing royalty ... permanently.
If you are in organisation for 10 years as well as you produce $5,000,000 in earnings, this franchise business winds up costing you upwards of $500,000. That's a steep price to pay.
As well as of course you obtain some assistance as well as company systems, however everything that a franchise supplies can be acquired through various other opportunities for much less than $500,000.

PROBLEM # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in Santa Rosa CA you are acquiring the civil liberties to that business in a set area. You are appointed a handful of postal code where you have the civil liberties to the organisation.
This is a HUGE trouble. The simplest method to grow and expand a painting company is by expanding geographically. Franchises eliminate this right.
Painter Choice is our marketing business. We collaborate with franchisees throughout the country. I always really feel horrible for these local business owner due to the fact that they have such a difficult time creating service.
A normal company in Atlanta, for instance, can use our lead solution in North Atlanta to create 20-30 leads monthly.
A franchisee in North Atlanta that only owns the legal rights to 7-8 zip codes can just produce 5-7 leads per month from our lead solution.
Simply put, if those franchisees had their very own service, they could immediately boost their service 3-5 times! In various other terms, that suggests an increase from $500,000 to $2,000,000. This is a substantial restriction on your possible service development.
As a franchisee, your only choice is to buy even more area, or such it up and keep your organisation small.
If a person else currently possesses the nearby territory, you don't have that alternative.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Essentially, franchisees and also the franchisor have misaligned incentives. The franchisor desires to create as much earnings as possible since they make money a collection percent of revenue.
However as business owner, your objective is to make best use of profit.
I'm a big believer in straightening rewards, as well as in this case, rewards are not aligned. They are playing a various game than you are. They wish to optimize income in all of their areas, and also sell as lots of franchises as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're purchasing a work. Let me reveal you why.
Due to royalties, your margins wind up being around 10% -12% nevertheless overhead.
In order to make $100k/year you would certainly need to have a $1,000,000 service.
But you can not have a $1,000,000 business in the small territory. And also even if you can, you're stuck at a maximum of $100,000 on your own. You're paying $70k-$ 100k/year in nobilities for what?
That's a ridiculous amount of money to pay your franchise ... the exact same company that has an agreement that they hold over your head not permitting you to expand your organisation geographically.
They've got you by the balls.
Or, you can purchase one more territory to expand. Yet again ... I 'd rather not have to pay for the right to expand my company. That's silly.
Most franchise business end up in the $500,000-$ 600,000 variety. You can most likely make $80,000-$ 110,000, sure. You likewise don't ever before have adequate margin to hire various other people to run the entire organisation, which is one of the best benefits to building a business.
You most likely aren't generating adequate profits to also employ actually strong workers. In our firm, we pay regarding 5-6% to our production manager who supervises $1,000,000 in production. That's $50,000-$ 60,000 annually for the manager. If you are just doing $500,000 a year in income, you can pay 5% ($ 25,000) to your production manager, which is not enough cash for a strong employee.
Your alternatives are to pay a higher percentage ( eliminating your profit margin), or get the job done yourself ( eliminating your way of life). Both of which are not really attractive choices.
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IN SUMMARY:
You pay a lot of money to restrict your growth, you don't reach construct your very own point, as well as if you intend to expand geographically you require to pay for the rights to do so ... assuming no one else currently has the rights to the territory you are shopping.
Because of your restrictions, and the high royalty charge, you are dramatically restricted in your ability to expand your earnings, construct a strong team, and also develop a big organisation.

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 and also training provided by the franchise business
# 3-- They do it for the area of various other franchisees so they aren't alone
# 4-- They do it out of worry of failing
Now, let's check out options. Just how can you get all the benefits without paying the steep price of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise business, you can acquire my business system. This is the specific company system we make use of and adhere to in our organisation, which did over $3,000,000 in earnings in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course includes training and also support. When you get going with Painting Business Academy, you obtain access to the whole service 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 sign up with Painting Business Academy, you additionally join our private members-only Facebook group. We have loads of concerns asked every day from our participants.
Our community is very involved as well as active.
Individuals in our community even share their successes. Simply a few days ago someone shared a Facebook marketing strategy, verbatim, that's killing it for their company.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not remove the fear of failing. With Painting Business Academy, you can get accessibility to a strong business strategy, service training, and all of the done-for-you types and also systems that are verified to develop a million-dollar painting company.
You additionally obtain accessibility to the amazing neighborhood of like-minded entrepreneurs doing the same point as you that we discussed earlier. While you do pay 1/10th of the price up front (on the high end), you have NO aristocracies to pay after that.
The probability of failing coincides whether you are in a franchise business or running your very own organisation. When you get a franchise, you are taking a larger danger, suggesting there's a larger failing if you do fall short.

WHAT NOW?
Before you purchase a franchise and toss hundreds of dollars down the toilet for a tested system, you could wish to have a look at Painting Business Academy.
Painting Business Academy is also a proven system to construct a million-dollar painting firm, with a area of thousands of others. Furthermore, there is no ongoing nobility, and no geographical restrictions to growth.
Get all of the benefits of a Painting Business Franchise in Santa Rosa CA for a portion of the cost. Inspect the program out right here as well as call me if you have any kind of inquiries.
The painting business is a terrific service to be in! I wish you'll be a component of it quickly.
Excellent good 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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