Don't Buy A Painting Business Franchise in Shreveport LA

1. Home
2. Don't Buy A Painting Business Franchise in Shreveport LA

---

---

---

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

Should You Buy a Painting Business Franchise in Shreveport LA ?

Don't Buy a Painting Business Franchise in Shreveport LA

• 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 Shreveport LA
• 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 Shreveport LA

If you are considering purchasing a painting franchise business, stop today.
I'm mosting likely to break down the essential troubles with acquiring a paint franchise, as well as the different options you have to start a paint firm.

This is based upon my experience expanding a effective paint organisation where we took into consideration coming to be a franchise however went with a partnership setup instead. I listen to the struggles of franchisee's regularly, and I feel for them.



Painting Business Franchise in Shreveport LA 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 Shreveport LA 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 Shreveport LA ?

---

Is it better to start a painting business or buy a Painting Business Franchise in Shreveport LA ?

---

BR> I don't want you to finish up in the exact same placement that numerous franchisees locate themselves in.
There is a 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 WOW-1-Day Painting are a few of the larger franchise business available.
These franchises range from $10,000-$ 40,000 in franchise business fees simply for the right to the franchise business in a minimal variety of zip codes where you can operate your franchise business.
They also take 6-9% as an ongoing aristocracy ... for life.
If you stay in business for 10 years and also you create $5,000,000 in income, this franchise ends up costing you upwards of $500,000. That's a steep price to pay.
And also obviously you get some assistance and also company systems, however whatever that a franchise gives can be acquired via 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 Shreveport LA you are acquiring the rights to that company in a set region. You are designated a handful of zip codes where you have the rights to business.
This is a HUGE problem. The simplest way to expand as well as expand a painting business is by expanding geographically. Franchise business remove this right.
Painter Choice is our marketing company. We collaborate with franchisees all over the nation. I constantly feel terrible for these company proprietors since they have such a tough time producing business.
A typical business in Atlanta, as an example, can use our lead service in North Atlanta to create 20-30 leads each month.
A franchisee in North Atlanta that just owns the legal rights to 7-8 zip codes can only produce 5-7 leads per month from our lead service.
To put it simply, if those franchisees had their own company, they might instantly raise their company 3-5 times! In various other terms, that implies an increase from $500,000 to $2,000,000. This is a huge limitation on your potential company growth.
As a franchisee, your only option is to purchase even more area, or such it up and maintain your service little.
If a person else currently owns the nearby area, you do not have that option.

ISSUES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees as well as the franchisor have actually misaligned rewards. The franchisor wishes to generate as much revenue as feasible due to the fact that they earn money a collection percent of profits.
But as the organisation owner, your goal is to make best use of revenue.
I'm a large follower in lining up incentives, and also in this case, motivations are not lined up. They are playing a different video game than you are. They want to make the most of revenue in all of their areas, and offer as numerous franchise business as they can.

PROBLEM # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're getting a job. Allow me show you why.
As a result of aristocracies, your margins end up being around 10% -12% nevertheless company expenditures.
In order to make $100k/year you would certainly have to have a $1,000,000 service.
However you can not have a $1,000,000 company in the little area. 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 of what?
That's a ludicrous quantity of money to pay your franchise business ... the same company that has an contract that they hold over your head not enabling you to expand your company geographically.
They've obtained you by the balls.
Or, you can acquire another territory to grow. However once again ... I 'd instead not need to spend for the right to grow my organisation. That's unreasonable.
The majority of franchise business wind up in the $500,000-$ 600,000 variety. You can probably make $80,000-$ 110,000, sure. You likewise don't ever have enough margin to employ other people to run the whole service, which is one of the greatest benefits to developing a company.
You possibly aren't creating adequate income to even work with really strong workers. In our company, we pay regarding 5-6% to our production supervisor who supervises $1,000,000 in production. That's $50,000-$ 60,000 per year for the supervisor. Yet if you are only doing $500,000 a year in profits, you can pay 5% ($ 25,000) to your production supervisor, which is insufficient money for a solid staff member.
Your alternatives are to pay a greater percent ( eliminating your profit margin), or do the task yourself ( eliminating your lifestyle). Both of which are not really eye-catching 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 great deal of money to limit your growth, you don't obtain to develop your own thing, and also if you want to expand geographically you need to spend for the civil liberties to do so ... presuming nobody else currently possesses the rights to the territory you are shopping.
Because of your limitations, and the high royalty charge, you are significantly restricted in your capability to expand your income, construct a solid group, and also develop a big company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the solid service strategy
# 2-- They do it for the support as well as training offered by the franchise
# 3-- They do it for the area of other franchisees so they aren't alone
# 4-- They do it out of fear of failing
Now, allow's check out remedies. How can you get all the benefits without paying the high rate of a franchise?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise, you can acquire my business system. This is the specific service system we utilize and also follow in our service, which corrected $3,000,000 in income in 2016.

ADVANTAGE # 2: THEY DO IT FOR THE SUPPORT AND TRAINING PROVIDED
My course consists of training and support. When you get going with Painting Business Academy, you obtain access to the whole service system as well as 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 likewise join our exclusive members-only Facebook team. We have lots of concerns asked each day from our members.
Our community is extremely engaged and active.
People in our neighborhood also share their successes. Simply the other day a person shared a Facebook marketing technique, 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 worry of failure. With Painting Business Academy, you can get accessibility to a solid service plan, business training, as well as all of the done-for-you kinds as well as systems that are verified to construct a million-dollar paint service.
You likewise get access to the remarkable neighborhood of similar entrepreneurs doing the exact same point as you that we spoke about previously. While you do pay 1/10th of the price up front (on the high-end), you have NO aristocracies to pay after that.
The likelihood of failing coincides whether you are in a franchise or running your very own company. When you get a franchise, you are taking a bigger threat, meaning there's a bigger failure if you do stop working.

SO WHAT NOW?
Before you spend in a franchise and throw hundreds of bucks down the bathroom for a tried and tested system, you could wish to have a look at Painting Business Academy.
Painting Business Academy is likewise a tested system to build a million-dollar painting business, with a area of hundreds of others. In enhancement, there is no continuous aristocracy, as well as no geographical limitations to growth.
Obtain every one of the advantages of a Painting Business Franchise in Shreveport LA for a fraction of the price. Inspect the training course out below as well as contact me if you have any type of concerns.
The painting business is a excellent service to be in! I hope you'll belong of it quickly.
Best of 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

<<<     Forward
See also...
Don't Buy A Painting Business Franchise in Fremont CA
Don't Buy A Painting Business Franchise in San Bernardino CA
Don't Buy A Painting Business Franchise in Cleveland OH
Don't Buy A Painting Business Franchise in Boston MA
Don't Buy A Painting Business Franchise in Sacramento CA

---

---