Don't Buy A Painting Business Franchise in South Bend IN

1. Home
2. Don't Buy A Painting Business Franchise in South Bend IN

---

---

---

Up One Level
Painting Franchise - PaintingBusinessAcademy.com ##generated-article-tags##

Should You Buy a Painting Business Franchise in South Bend IN ?

Don't Buy a Painting Business Franchise in South Bend IN

• 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 South Bend IN
• 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 South Bend IN

If you are believing of buying a painting franchise, stop now.
I'm going to damage down the basic troubles with getting a painting franchise, and the alternate options you need to begin a painting company.

This is based upon my experience expanding a successful paint service where we took into consideration becoming a franchise however went with a partnership arrangement instead. I listen to the battles of franchisee's regularly, as well as I really feel for them.



Painting Business Franchise in South Bend IN 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 South Bend IN 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 South Bend IN ?

---

Is it better to start a painting business or buy a Painting Business Franchise in South Bend IN ?

---

BR> I don't want you to wind up in the very same placement that numerous franchisees locate themselves in.
There is a better method! We will certainly begin with the problems of a franchise, then we'll enter options.

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 franchises around.
These franchise business vary from $10,000-$ 40,000 in franchise business costs simply for the right to the franchise business in a limited variety of zip codes where you can run your franchise.
They also take 6-9% as an continuous aristocracy ... permanently.
If you are in organisation for 10 years and you produce $5,000,000 in profits, this franchise business ends up costing you upwards of $500,000. That's a steep rate to pay.
And naturally you obtain some support and organisation systems, yet every little thing that a franchise business provides can be obtained through various other opportunities for much less than $500,000.

TROUBLE # 2: HOW FRANCHISES SCREW YOUR ABILITY TO GROW YOUR BUSINESS
When you buy a Painting Business Franchise in South Bend IN you are getting the civil liberties to that organisation in a set territory. You are designated a little number of zip codes where you have the legal rights to business.
This is a HUGE issue. The simplest method to expand and also increase a paint business is by broadening geographically. Franchises take away this.
Painter Choice is our advertising company. We collaborate with franchisees all over the nation. I always feel terrible for these entrepreneur due to the fact that they have such a tough time creating service.
A regular firm in Atlanta, for instance, can use our lead solution in North Atlanta to produce 20-30 leads per month.
A franchisee in North Atlanta that only possesses the civil liberties to 7-8 zip codes can only generate 5-7 leads per month from our lead solution.
To put it simply, if those franchisees had their very own service, they can instantly enhance their service 3-5 times! In various other terms, that indicates an boost from $500,000 to $2,000,000. This is a massive constraint on your prospective company development.
As a franchisee, your only option is to purchase more region, or such it up as well as keep your organisation small.
But if somebody else already owns the nearby region, you do not have that option.

TROUBLES # 3: DO THEY REALLY CARE ABOUT WHAT YOU CARE ABOUT?
Fundamentally, franchisees as well as the franchisor have misaligned rewards. The franchisor desires to produce as much income as feasible since they get paid a collection percent of income.
As the service owner, your goal is to make the most of revenue.
I'm a huge believer in lining up rewards, and also in this instance, rewards are not aligned. They are playing a various video game than you are. They intend to optimize profits in all of their territories, and also market as numerous franchises as they can.

TROUBLE # 4: YOU'RE BUYING A JOB, NOT A BUSINESS
You're acquiring a task. Let me reveal you why.
Due to the fact that of royalties, your margins finish up being around 10% -12% besides overhead.
In order to make $100k/year you 'd have to have a $1,000,000 company.
You can not have a $1,000,000 business in the little area. As well as also if you can, you're stuck at a maximum of $100,000 for yourself. You're paying $70k-$ 100k/year in nobilities for what?
That's a ridiculous quantity of money to pay your franchise business ... the exact same business that has an arrangement that they hold over your head not enabling you to grow your company geographically.
They've obtained you by the balls.
Or, you can get another region to expand. Again ... I 'd rather not have to pay for the right to grow my service. That's unreasonable.
Many franchises finish up in the $500,000-$ 600,000 range. You can possibly make $80,000-$ 110,000, sure. You also don't ever have sufficient margin to hire other individuals to run the entire organisation, which is one of the biggest advantages to constructing a business.
You possibly aren't creating adequate income to also hire truly strong workers. In our company, we pay regarding 5-6% to our manufacturing supervisor who looks after $1,000,000 in manufacturing. That's $50,000-$ 60,000 annually for the supervisor. If you are only doing $500,000 a year in income, you can pay 5% ($ 25,000) to your manufacturing manager, which is not adequate money for a strong employee.
Your choices are to pay a greater portion ( eliminating your revenue margin), or get the job done on your own ( eliminating your way of life). 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 cash to limit your development, you do not obtain to build your very own point, and if you desire to expand geographically you need to spend for the rights to do so ... presuming no one else already has the civil liberties to the territory you are attempting to purchase.
As a result of your limitations, as well as the high royalty fee, you are substantially limited in your capacity to expand your profits, build a solid group, and also develop a huge company.

WITH ALL THESE PROBLEMS ... WHY DO PEOPLE DO IT?
# 1-- They do it for the strong business plan
# 2-- They do it for the support and also training provided by the franchise business
# 3-- They do it for the community of various other franchisees so they aren't alone
# 4-- They do it out of fear of failure
Currently, allow's consider remedies. Just how can you obtain all the advantages without paying the steep cost of a franchise business?

ADVANTAGE # 1: THEY DO IT FOR THE SOLID BUSINESS PLAN
For 1/10th of the price of a franchise business, you can acquire my service system. This is the exact company system we utilize as well as follow 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 and also support. When you start with Painting Business Academy, you get access to the entire company system and all of the training that accompanies 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 concerns asked on a daily basis from our participants.
Our area is extremely involved and also active.
People in our area also share their successes. Just recently someone shared a Facebook marketing strategy, verbatim, that's eliminating it for their service.

ADVANTAGE # 4: THEY DO IT OUT OF FEAR OF FAILURE
Paying more money does not eliminate the fear of failure. With Painting Business Academy, you can obtain accessibility to a strong service strategy, service training, and all of the done-for-you kinds and systems that are proven to develop a million-dollar painting business.
You additionally obtain accessibility to the fantastic community of like-minded business owners doing the same thing as you that we spoke about earlier. While you do pay 1/10th of the cost up front (on the luxury), you have NO royalties to pay after that.
The chance of failing is the same whether you are in a franchise or running your very own service. Nonetheless, when you purchase a franchise, you are taking a bigger risk, indicating there's a bigger failure if you do fall short.

SO WHAT NOW?
Prior to you buy a franchise business and also toss countless bucks down the toilet for a tested system, you may desire to take a look at Painting Business Academy.
Painting Business Academy is also a tried and tested system to build a million-dollar painting firm, with a community of hundreds of others. Additionally, there is no continuous royalty, and also no geographical limitations to growth.
Obtain all of the benefits of a Painting Business Franchise in South Bend IN for a fraction of the cost. Examine the program out here and also contact me if you have any concerns.
The painting business is a wonderful business to be in! I hope you'll belong of it soon.
All the best!

• 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

Previous     Next Post
Additional Info.
Don't Buy A Painting Business Franchise in Gilbert AZ
Don't Buy A Painting Business Franchise in Louisville KY
Don't Buy A Painting Business Franchise in Elk Grove CA
Don't Buy A Painting Business Franchise in Pasadena TX
Don't Buy A Painting Business Franchise in Shreveport LA

---

---